MIRA INFORM REPORT
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Report Date : |
14.05.2011 |
IDENTIFICATION DETAILS
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Name : |
FD IMPORT&EXPORT CORP. |
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Registered Office : |
520 White Plains Rd, Suite 500, Tarrytown, New York, 10591 |
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Country : |
United States |
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Date of Incorporation : |
30.10.1996 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Grocery related products distribution. |
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 25,000 |
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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: |
F D Import & Export Corp |
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Address in the order: |
520 White Plains Rd., Suite 500, Tarrytown, NY 10591 |
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Legal Name: |
FD IMPORT&EXPORT CORP. |
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Legal Address |
520 WHITE PLAINS RD, SUITE 500, TARRYTOWN, NEW YORK, 10591, USA |
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Telephone: |
(914) 467-7877 |
ID : |
2079810 |
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Fax: |
(914) 467-7876 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
http://www.fdimpex.com/ |
Date Created: |
1996 |
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Manager: |
Igor Fruman, President |
Date Incorporated: |
October 30th, 1996 |
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Staff: |
7 |
Stock: |
200 |
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Value: |
No Par Value |
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Activity: |
Grocery related products distribution. |
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BANKS
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Name of the Bank |
CHASE BANK |
BUSINESS
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HISTORY |
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The company was created in 1996. The company is present in Ukraine. |
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PRINCIPAL ACTIVITY |
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The company is engaged in grocery related products distribution. |
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Products/Services description: |
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The company distributes grocery and grocery related products in
Ukraine. Its products include: Coffee, baby food, children's water, dairy products,
dry milk, juice, butter, tomato paste, cheese, ketchup, and sauce. The company has several partners in Ukraine. |
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Brands: |
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The company distributes the following brands: Sinyor Pomidor Laskava Lasunya Detolact Aqualaska Moo Spravzhniy Sik Yantar Nestle |
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Operations area: |
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International |
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The subject employs 7 employee(s) |
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PAYMENTS |
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made on a 40 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at: 520 White Plains Rd., Suite 500,
Tarrytown, NY 10591, USA |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. The Fruman family appears to be the major shareholder. However, this
information was not verified by the company. |
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Management: |
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Igor Fruman, President & CEO Steven Fruman, Vice-president Jakov Suslensky, Financial director Irina Gelfont, Bookkeeper |
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, that refused to provide us any
financial data without knowing the name of the inquiring party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1,050,000 |
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Operating Income |
76,000 |
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Net Income |
60,000 |
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Net worth |
350,000 |
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Bank liabilities |
40,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of New York. 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 is a small sized American company. It employs 7 people and has been
in business for 14 years. A credit line may be considered for USD 25,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Operator |
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Comments |
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The person contacted refused to provide any kind of information on
grounds of confidentiality and did not provide his name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.91 |
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UK Pound |
1 |
Rs.73.06 |
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Euro |
1 |
Rs.64.03 |
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.