MIRA INFORM REPORT

 

 

Report Date :           

14.05.2011

 

IDENTIFICATION DETAILS

 

Name :

HUDSON FINANCIAL PARTNERS LLC (HUDSON TRADING GROUP)

 

 

Registered Office :

3500 South Dupont Highway Dover Kent DE 19901

 

 

Country :

United States 

 

 

Date of Incorporation :

06.06.2007

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import and distribution of specialty products

 

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 :

Slow

 

 

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

 

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

 

Ordered as:

Hudson Trading Group

Address in the order:

228, Park Avenue South ECM# 19870, New York 10003

Comments on data supplied:

Dear Client,

Your order was on Hudson Trading Group at address: 228, Park Avenue South ECM# 19870, New York, NY 10003. We could find a company active in the Secretary of State of New York, under the name Hudson Trading Group LLC and at the same time under the name Hudson Financial Partners LLC. This last name appears as registered in the Secretary of State of New York under the ID 3538047 but incorporated in Delaware under the ID 4365129. That is why we proceed on making this report on Hudson Financial Partners LLC.

Legal Name:

Hudson Financial Partners LLC (Hudson Trading Group)

Trade Name:

Hudson Trading Group

Legal Address

3500 South Dupont Highway Dover Kent DE 19901 USA (Reg. Agent Address)

Operative Address

228, Park Avenue South ECM# 19870, New York, NY 10003 USA (Headquarters)

Telephone:

+1 (201) 917-3044

ID :

4365129

Fax:

+1 (201) 699-0346

Legal Form:

Limited Liability Company

Email:

inquiry@hudsontraders.com

Registered in:

Delaware

Website:

http://www.hudsontraders.com/

Date Created:

-

Manager:

Justin Nadi, President

Date Incorporated:

June 6th 2007

Staff:

1

Stock:

NA

 

 

Value:

NA

Activity:

Import and distribution of specialty products.

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The company engages in the import and distribution ef specialty products.

Products/Services description:

 

The company is engaged in providing:

 

Fresh Vegetables

Herbs

Spices

Flavors

Sweetners

Sales are:

 

Wholesale

Clients:

 

Markets

Specialty food retailers

Food industry

Operations area:

 

National, Local

The company imports from Asia and Europe

The company does not export

The subject employs 1 employee(s)

LOCATION

Headquarters

 

The company is headquartered at 228 Park Avenue South ECM #19870 New York NY 10003 USA

Comments on location:

 

It is incorporated in Delaware due to tax purposes.

Branches:

 

The company has no branch locations.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held by Justin Nadi

Management:

 

Justin Nadi, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted Mr. Nadi who refused to provide us any financial data without knowing the name of the inquiring party.

No financial information was gathered for the year 2010. We believe that the subject company has maintained the same trained as the year 2009.

 

Currency

DATE

USD

2009

Turnover

180 000

The cash flow is

Normal

 

 

Legal Fillings

 There is 1 UCC** file 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

 

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.

 

 

 Final Opinion

 

This American company has been in business for 3 years; it has one employee only, which makes it a small sized company.

 

We contacted Mr. Nadi who refused to provide us with any information regarding his company. We could not gather financial information for the year 2010, but we believe that the subject company is in the same trend.

 

Since this is a Limited Liability Company, no action could succeed against the owner's personal assets.

 

Due to a low profit for the year 2009 we strongly recommend working with GUARANTEES.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

LOW

Public Records

NO

 

Indebtedness

N.A.

Payments

TO BE MONITORED

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Nadi

Position

 

President

Comments

 

The person contacted refused to provide us any information on grounds of confidentiality.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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.