MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MGK INTERNATIONAL INC |
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Registered Office : |
230 Fifth Avenue, Suite 1913, New York, New York, 10010 |
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Country : |
United States |
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Date of Incorporation : |
05.07.2007 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Recyclable Material Supplier |
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 7.000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Legal Name: |
MGK INTERNATIONAL INC |
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Legal Address |
230 Fifth Avenue, Suite 1913, New York, New York, 10010, USA. |
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Operative Address |
13 Roszel Road, C-201, Princeton, New Jersey 08540, USA. |
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Telephone: |
+1 (201) 332-5645 |
ID : |
3539849 |
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Fax: |
+1 (646) 843-4704 |
Legal Form: |
Corporation for Profit |
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Email: |
datta@mgkint.com |
Registered in: |
New York |
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Website: |
http://www.mgkint.com/ |
Date Created: |
2007 |
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Manager: |
Sailesh Datta, CEO |
Date Incorporated: |
July 5th, 2007 |
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Staff: |
6 |
Stock: |
200 |
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Value: |
No Par Value |
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Activity: |
Recyclable Material Supplier |
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BANKS
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Name of the Bank |
HSBC Bank USA |
BUSINESS
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HISTORY |
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The company was created in the 2007 |
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PRINCIPAL ACTIVITY |
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This company is categorized under a Recyclable Material Supplier. |
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Products/Services description: |
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The company offers the following range of products: Albar Precious Metal Refining, Waste Materials, Toxic Waste Materials,
Solid Waste Materials, Scrap Metal Refinery. |
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Sales are: |
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Wholesale. |
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Clients: |
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Various industries. |
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Operations area: |
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National, International. |
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The company export to India |
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The subject employs 6 employees |
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PAYMENTS |
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Made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at the following address: 13 Roszel Road, C-201, Princeton, New Jersey 08540, USA. |
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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This company is a wholly owned subsidiary of MTC Business Pvt. Ltd. 301-302, Vertex Vikas, 'A' Wing, Andheri (E), Mumbai - 400 069, India. Tel: 0091-22-67872900 Fax:0091-22-26844681 / 67410875 |
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Management: |
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Hitendra Jain, President. Sailesh Datta, CEO. |
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 accountant of the company who refused to tell us
his name and to provide us with 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
(estimates): |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
470,000 |
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The cash flow is |
NORMAL |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
360,000 |
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The
cash flow is |
NORMAL |
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Legal Fillings |
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There are several UCC files listed in 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
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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 which employs 6 people and has 4
years of experience in the industry. The company is active and in good standing. We have found several payment experiences recorded. A credit line may be considered for USD 7.000 |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Accounting representative |
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Comments |
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He refused to provide us with his name or any other financial
information witout knowing the name of te inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.87 |
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1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.53 |
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.