MIRA INFORM REPORT

 

 

Report Date :

17.05.2011

 

IDENTIFICATION DETAILS

 

Name :

WEAVE HUB LLC

 

 

Registered Office :

71 Barbour Place, Piscataway, NJ, 08854

 

 

Country :

United States

 

 

Year of Establishment :

2002

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Distribution of Products for home and auto-care.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 3,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

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

 

Legal Name:

WEAVE HUB LLC

 

 

Legal Address

71 Barbour Place, Piscataway, NJ, 08854, USA.

 

 

Mailing Address

P.O. Box 264, Piscataway, NJ 08854, USA

Telephone:

(732) 271-4298

ID :

0400264005

Fax:

(732) 271- 1171

Legal Form:

Limited Liability Company

Email:

inquiry@weavehub.com

Registered in:

New Jersey

Website:

http://www.weavehub.com/

Date Created:

2002

Manager:

Farheen Naviwala, Manager

Date Incorporated:

December 29th, 2008

Staff:

3

Stock:

NA

 

 

Value:

NA

Activity:

Distribution of Products for home and auto-care.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

HISTORY

 

The company was created in 2002.

 

The company has presence in Canada and Pakistan.

PRINCIPAL ACTIVITY

 

The company distributes products for home and auto-care.

Products/Services description:

 

The products distributed include: bath and kitchen towels, bath plastics, and automotive industry towels and sports socks.

Sales are:

 

Wholesale, Retail

Clients:

 

Retailers, wholesalers and distributors.

Operations area:

 

National, International

The subject employs 3 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at: 71 Barbour Place, Piscataway, NJ, 08854, USA.



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company.

 

The Naviwala family appears to be the major shareholder. However, this information was not verifie by the company.

Management:

 

Farheen Naviwala, Manager

Aisha Naviwala, Manager

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company, that refused to provide us any financial data without knowing the name of the inquiring party.

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.

Currency

DATE

 

USD

2010

 

Turnover

210,000

 

The cash flow is

normal

 

 

 

Legal Fillings

 There are no 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 11/08/2010.

 

For information:

 

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 is a small sized American company. It employs 3 people and has been in business for 8 years.

 

A credit line may be considered for USD 3,000

 



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Operator

Comments

 

The person contacted refused to provide any kind of information on grounds of confidentiality and did not provide his name.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.07

UK Pound

1

Rs.72.97

Euro

1

Rs.63.57

 

 

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.