MIRA INFORM REPORT
|
Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC RUGS INC |
|
|
|
|
Registered Office : |
12115 Parklawn Dr Unit Q Rockville, MD 20852 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
17.06.1998 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Rugs retailer and wholesaler |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Dynamic Rugs |
||
|
Address in the order: |
4845 Governors Way Frederick Maryland-21704 |
||
|
|
|
||
|
Legal Name: |
Dynamic Rugs Inc |
||
|
Legal Address |
12115 Parklawn Dr Unit Q Rockville, MD 20852 (Registered agent) |
||
|
Operative Address |
4845 Governors Way Frederick, Maryland 21704 |
||
|
Telephone: |
+1 (240) 405-1360 |
ID : |
D05016506 |
|
Fax: |
+1 (240) 405-1370 |
Legal Form: |
Corporation for Profit |
|
Email: |
sales@dynamicrugs.com |
Registered in: |
Maryland |
|
Website: |
www.dynamicrugs.com |
Date Created: |
1994 |
|
Manager: |
Matthew Rouhanian, CEO |
Date Incorporated: |
June 17th, 1998 |
|
Staff: |
25 (At group level) |
Stock: |
N/A |
|
|
|
Value: |
N/A |
|
Activity: |
Rugs retailer and wholesaler. |
||
BANKS
|
Name of the Bank |
Bank Of America, N.A. |
BUSINESS
|
HISTORY |
|
|
|
This company was created in the year 1994. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company is categorized under rugr importer, retailer and
wholesaler. |
|
Products/Services description: |
|
|
|
Hand made Machine made Roll runners Broadloom |
|
Sales are: |
|
|
|
Wholesale, Retail |
|
Operations area: |
|
|
|
National, International, Local |
|
The company imports from India, China, Turkey Romania and Belgium |
|
|
Comments on staff: |
|
|
|
The company has 25 employees at group level. |
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at 4845 Governors Way Frederick, Maryland
21704 |
|
Branches: |
|
|
|
There were no branches found for this company. |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
|
Management: |
|
|
|
Matthew Rouhanian, CEO Jill Harbour, Accountant |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted a male representative who confirmed basic
information; However he 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 |
3,800,000 |
|
Legal Fillings |
|
There are 3 UCC** files listed with the Secretary
of State of Maryland. 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 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 medium sized company with 25
employees and 17 years of experience. There were no legal filings found against
the company or its legal representatives. We've contacted the company; Although the
representative kindly confirmed basic information. he refused to provide us
any financial data per security purposes. Our financial sources though, provided us
with the financial figures for the year 2010. The company gave a correct profitability
for that year. A credit line may be considered for USD
60,000 |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
|
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Male representative |
|
Comments |
|
|
|
He confirmed basic information, such as the company's address and its employees;
However he refused to provide us any financial data without knowing the name
of the inquiring party. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.58 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.