MIRA
INFORM REPORT
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Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
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Name : |
COMTRADE INTERNATIONAL, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.12.1988 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importing and distribution of cotton yarn and textile products |
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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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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Comments on data supplied: |
Please note that the correct legal name and address of the company are
listed below. |
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Legal Name: |
COMTRADE INTERNATIONAL, INC. |
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Legal Address |
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Telephone: |
(201) 337-0014 |
ID : |
0100398745 |
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Fax: |
(201) 337-7860 |
Legal Form: |
Corporation for Profit |
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Email: |
comtrade.intl@gmail.com |
Registered in: |
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Website: |
http://www.comtradeintl.com/ |
Date Created: |
1988 |
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Manager: |
Satesh Agrawal, Chief Executive Officer |
Date Incorporated: |
December 12th, 1988 |
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Staff: |
3 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Importing and distribution of cotton yarn and textile products |
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BANKS
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Name of the Bank |
THE BANK OF |
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Location |
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Name of the Bank |
WELLS FARGO BANK, NATIONAL ASSOCIATION |
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Location |
100 PARK AVE FL 3 |
BUSINESS
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HISTORY |
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The company was created in 1988. |
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PRINCIPAL ACTIVITY |
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The company is engaged in importing and distribution of cotton yarn
and textile products, such as Ring Spun and Open End Yarn, and other Textile
Products. |
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Products/Services description: |
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The company distributes the following products: Ring Spun and Open End Yarn: Combed cotton, Carded cotton, and
Polyester, among others. Additional Textile Products Include: Gray fabrics and Canvas, Denim
Fabrics and Jeans, and Socks, among others. |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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Ramtex Schivas Royale |
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Clients: |
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Fabric manufacturers |
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Operations area: |
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National, International |
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The company imports from |
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The company export to |
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Competitors: |
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Other importers / distributors |
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The subject employs 3 employee(s) |
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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: |
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 Agrawal 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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Satesh Agrawal, Chief Executive Officer Rupa Agrawal, Manager Monika Pacia, Accountant |
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 Satesh Agrawal, Chief Executive Officer, who 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 |
380,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are 2 UCC** files listed
with the Secretary of State of New Jersey. There are no legal filings listed with the District Court. The last annual report was filed on 11/12/2010. 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 ** 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 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. |
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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 3 people and has
been in business for 22 years. 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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Person Interviewed |
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Satesh Agrawal |
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Position |
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Chief Executive Officer |
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Comments |
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The person contacted refused to provide any kind of information on
grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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1 |
Rs.72.97 |
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Euro |
1 |
Rs.63.57 |
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 |
-- |
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.