MIRA INFORM REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILSp
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Name : |
THE VAGHASIA GROUP INC |
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Registered Office : |
48 Bi State Plz Pmb 185 Old Tappan, New Jersey 07675 |
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Country : |
United States |
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Date of Incorporation : |
1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Management Services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Vaghasia Group Inc |
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Address in the order: |
Vaghasia Trading 48, B1 State Plaza PMB 185 OLD Tappan NJ 07675 |
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Legal Name: |
The Vaghasia Group Inc |
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Legal Address |
48 Bi State Plz Pmb 185 Old Tappan, New Jersey 07675 USA |
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Operative Address |
48 Bi State Plz Pmb 185 Old Tappan, New Jersey 07675 USA |
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Telephone: |
+1 (201) 767-0150 |
ID : |
0100881638 |
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Fax: |
+1 (201) 767-9526 |
Legal Form: |
Corporation for Profit |
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Email: |
N/A |
Registered in: |
New Jersey |
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Website: |
N/A |
Date Created: |
1983 |
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Manager: |
GC VAGHASIA, PRESIDENT |
Date Incorporated: |
- |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Management Services. |
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BUSINESS
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HISTORY |
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The company was created in the year 1983 |
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PRINCIPAL ACTIVITY |
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The company is actively involved in a wide array of industries
including Agricultural Exports, Real Estate, Mining, Agro Waste Power Plants,
Neutraceutical Manufacturing, Electronic Manufacturing Services, Information
Technology, Education, Engineering, Gems, Fund Management, Bullions, and
Entertainment. |
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Products/Services description: |
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Contract Manufacturing Outsourcing Employee Screening And Testing Manufacturing Outsourcing Services Outsourcing Clothing Manufacturing Pharmaceutical Manufacturing Outsourcing. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company imports from India |
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The company does not export |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 48 Bi State Plz Pmb 185 Old Tappan,
New Jersey 07675 USA. |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company s wholly own subsidiary of Vaghasia Limited, an indian company
located in: 203 Amrut Commercial Centre, Sardarnagar Main Road, Rajkot - 360 001, Gujarat, India.ç |
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Management: |
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Gc Vaghasia, President Rahul Vaghasia, Vicepresident |
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Related Companies: |
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The company has different locations worldwide: Vaghasia Singapore Pte. Ltd. 7500A Beach Road, #08-313, The Plaza, Singapore 199591. Vaghasia Hong Kong Limited Suite 1402, 14th Floor, 1 Duddell Street, Central, Hong Kong. |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company, but we were unable to speak a
representative, as we got an answering machine. We left a message, but we
didn't get an answer yet. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
620,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
780 000 |
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Legal Fillings |
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There are no UCC files listed with the
Secretary of State of New Jersey. There are no legal filings listed with the
District Court. 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
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This company has been in business for 28
years. It has a staff of 10 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. The company gave a correct profitability
for the year 2010. The company's revenue decreased almost on
a 20 % for the year 2010. A credit line may be considered for USD 5,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We have contacted the company, but we were unable to speak a
representative, as we got an answering machine. We left a message, but we
didn't get an answer yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.