MIRA INFORM REPORT
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Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
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Name : |
VOLKIN ELECTRONICS INC |
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Registered Office : |
1060 Holland Drive Ste 3-A Boca Raton, FL 33487 |
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Country : |
United States |
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Date of Incorporation : |
22.11.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Electronic Equipment |
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 15,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
Volkin Electronics Inc |
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Address in the order: |
1060 Holand Drive Build 3-A Doca Raton Florida 33487 |
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Legal Name: |
Volkin Electronics Inc |
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Legal Address |
1060 Holland Drive Ste 3-A Boca Raton, FL 33487 |
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Operative Address |
1060 Holland Drive Ste 3-A Boca Raton, FL 33487 |
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Mailing Address |
PO Box 810461 Boca Raton, FL 33481 |
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Telephone: |
+1 (561) 988-1915 |
ID : |
P04000161050 |
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Fax: |
+1 (561) 880-6940 |
Legal Form: |
Corporation for Profit |
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Email: |
info@volkin.com |
Registered in: |
Florida |
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Website: |
www.volkin.com |
Date Created: |
2004 |
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Manager: |
Maher Moruff, Owner |
Date Incorporated: |
November 22nd, 2004 |
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Staff: |
5 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Electronic Equipment |
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BANKS
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Name of the Bank |
Hsbc Bank NA |
BUSINESS
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HISTORY |
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This company was created in the year 2004. |
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PRINCIPAL ACTIVITY |
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The company is categorized under Electronic Equipment and
Supplies-Manufacturers. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries |
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Operations area: |
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National, Local |
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The company imports from Asia |
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The company does not export |
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The subject employs 5 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 1060 Holand Drive Build 3-A Doca Raton
Florida 33487. |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privatly held, and has Maher Moruff as the main
shareholder. |
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Management: |
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Maher Moruff, Owner Ahmad Hamed, Manager Kaycie Hudson, Manager |
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; However we got an answering machine. We
left a message, though we didn't get an answer yet. |
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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 |
1,000,000 |
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Legal Fillings |
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There are no UCC** files listed with the Secretary
of State of Florida. 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 medium sized company with 5
employees and 7 years of experience. There were no legal filings found against
the company or its legal representatives. We've tried to contact the company;
However we got an answering machine. We left a message without receiving an
answer. our financial sources though, provided us
with the revenue for the year 2010. The company gave a correct profitability
for that year. Therefore a credit line may be considered
for USD 15,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
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Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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We have contacted the company; However we got an answering machine. We
left a message, though we didn't get an answer yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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UK Pound |
1 |
Rs.73.31 |
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Euro |
1 |
Rs.63.70 |
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.