MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Name :

COTTON VALLEY LLC

 

 

Registered Office :

96 Distribution Blvd, Edison, NJ, Zip Code 08817

 

 

Country :

United States 

 

 

Date of Incorporation :

17.09.2002

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesales of General Goods

 

 

No. of Employees :

25

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United States 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company Name & Contact Details

 

Verified

 

Company Name:

Cotton Valley LLC

Address:

96 Distribution Blvd

City:

Edison

State/province:

NJ

Zip/postal code:

08817

Country:

United States of America

Telephone:

+1 (732) 248-4276

Fax:

 

Website:

 

Remarks:

Trade name Uni Cot

 

 

Credit Observation

 

Analysis

·         Well Established

·         Positive Payment Trend

·         No Derogatory Items on Record.

 

 

Company History

 

Capital Stock:

100% by Partner

Business Structure:

Limited Liability Company

Business Started:

2002

Management Control:

2002

Line of Business:

Wholesales of General Goods

 

Company Registration & Status

           

Date registered:

September 17 2002

Legal form:

Limited Liability Company

Registration no:

Not Published

Jurisdiction

NJ

Registry status:

Active

 

 

Company Management/Officers

 

No of Employees:

25

Name & Title:

Mohammad Jaween, Member

 

 

Legal Findings

 

Suits:

None

Court Judgements:

None

NSF Reported:

None

 Liens / Collection:

None

Security Filings:

9 UCC Filings exist for leased equipment and assets.  These secured creditors would take precedence in the unlikely event of asset liquidation.

Trade Payment Experience

 

Date Reported March 2012

High Credit : 750

Now Owing : Zero

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

Date Reported March 2012

High Credit : 50

Now Owing : Zero

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

Date Reported February 2012

High Credit : 100

Now Owing : 100

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

 

 

 

 

 

Payment Behaviour:

Business Demonstrates Positive Payment Trend

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.