MIRA
INFORM REPORT
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Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
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Name : |
Apogee Pharma Inc. |
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Registered Office : |
20 Corrielle Street, Fords, NJ 08863 |
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Country : |
United States |
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Date of Incorporation : |
August, 1998 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacture and Wholesale of Sundries Drugs and other Raw
Materials for the Chemical Industry |
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No. of Employees : |
2 |
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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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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Ordered as: |
Apogee Pharma Inc |
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Address in the order: |
1979 Marcus Avenue Suit 210 Lake
Sucsses NY 11042 |
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Legal Name: |
APOGEE PHARMA INC |
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Legal Address |
20 Corrielle Street, Fords, NJ 08863. |
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Operative Address |
1979 Marcus Ave #210, North New Hyde Park, NY 11042. |
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Telephone: |
+1 (516) 622-2208 |
ID : |
0100756232 |
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Fax: |
+1 (516) 622-2209 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
New Jersey |
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Website: |
www.apogeepharma.com (under construction) |
Date Created: |
- |
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Manager: |
Mayur Doshi, President |
Date Incorporated: |
August 1998 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Chemical industry. |
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BUSINESS
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HISTORY |
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This company was incorporated in the year 1998. |
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PRINCIPAL ACTIVITY |
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The company engages in the manufacture and wholesale of sundries
drugs and other raw materials for the chemical industry. |
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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, Local |
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The company imports from Worldwide |
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The company export to Worldwide depending on the
demand |
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Trade
References: |
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The person contacted refused to provide the names of their
suppliers on grounds of confidentiality. |
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The subject employs 2 employee(s) |
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PAYMENTS |
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Regular |
LOCATION
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Headquarters |
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The company is headquartered at 1979 Marcus Ave #210,
North New Hyde Park, NY 11042. |
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Comments
on location: |
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Although the company is incorporated in New Jersey, its headquarters
are located in New York at the address mentioned above. |
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Branches: |
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The company has a branch located at 20 Corrielle Street,
Fords, NJ 08863. |
Shareholders - Manager - Related Companies
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Shareholders
Parent Company(ies): |
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This is a privately held company. Despite our long
searches it has not been possible to identify the shareholders. |
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Management: |
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Mayur Doshi, President Dr. Meena Rani, Director (Regulatory) Mr. Michael Pappalardo, Director (Technical Services) Mr. Sreedhar Venkatraman, Controller |
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 Mayur Doshi, President who refused to
provide us 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. 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 |
210,000 |
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The cash flow is |
Normal |
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Comments on the financial data:
This financial information could not be confirmed with the staff. |
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Legal
Fillings |
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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 2011. 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 company with 2 employees and 14
years of experience since its incorporation. The subject being a small sized structure has the advantage
to trade internationally, due to the nature of its business. There were no legal filings found against the company or
its legal representatives. In addition, the income per employee for this company is
correct for its size. At this point, based on the information analyzed. |
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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Person Interviewed |
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Mayur Doshi |
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Position |
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President |
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Comments |
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He provided us the state of incorporation anf confirmed
the company's headquarters. However he refused to provide us any further information
about this company on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.12 |
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1 |
Rs.77.84 |
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Euro |
1 |
Rs.64.74 |
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.