MIRA INFORM REPORT

 

 

Report Date :

13.05.2011

 

IDENTIFICATION DETAILS

 

Name :

FIGIS INC

 

 

Registered Office :

3200 South Maple Avenue Marshfield , WI 54449

 

 

Country :

United States of America

 

 

Date of Incorporation :

26.01.1981

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Mail Order Gifts

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

FIGIS INC

 

 

Legal Address

3200 SOUTH MAPLE AVENUE MARSHFIELD , WI 54449 United States of America

Operative Address

2525 South Roddis Avenue, Marshfield WI 54449

Telephone:

+1 (715) 387-1771

ID :

1A12633

Fax:

+1 (715) 387-1771

Legal Form:

Corporation for Profit

Email:

-

Registered in:

Wisconsin

Website:

http://www.figis.com

Date Created:

-

Manager:

James Krueger, President

Date Incorporated:

June 26th 1981

Staff:

250

Stock:

NA

 

 

Value:

NA

Activity:

Mail order gifts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKS

 

Name of the Bank

WACHOVIA BANK

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The company engages in food gifts vendor

Products/Services description:

 

Cheese Gifts

Food Gifts

Gift Ideas

Gift Certificates

Greeting Cards

Sales are:

 

Retail

Clients:

 

General Clientele

Operations area:

 

National, Local

The company imports from Asia

The company does not export

PAYMENTS

 

made on a 50 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at 2525 South Roddis Avenue, Marshfield WI 54449

The property is:

 

Owned

Branches:

 

There are various branches found for this company inside the USA.

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This company is privately held by CROSSTOWN TRADERS, INC.

3740 E 34TH ST

Tucson, Arizona 85713

USA

Phone: (520) 745-4500

Contact: JOSEPH M BARON, PRESIDENT

Est. Total Employees: 4000

Management:

 

MES KRUEGER, PRESIDENT

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the accountant department voicemail we left messages but we never received a response.

Legal Fillings

There are 37 UCC** files listed with the Secretary of State of Wisconsin.

 

There are no legal filings listed with the District Court.

 

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

 

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.



 Rating

 

Local credit bureau gave a Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

This company has been incorporated for business for 30 years, it has a staff of 250 employees which makes it a medium sized company. There were no legal filings found against the company or its legal representatives.

 

Due to the fact that we have no financial information for this company, and that the company accountant refused to provide us with the information we strongly suggest working with GUARANTEES.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public Records

NO

 

Indebtedness

N.A.

Payments

N.A.

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Comments

 

We called the company and the accountant refused to provide us with the necessary information regarding the company financial situation.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.79

UK Pound

1

Rs.73.19

Euro

1

Rs.63.59

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.