MIRA
INFORM REPORT
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Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
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Name : |
AUTHENTIC PERSIAN CARPET AND RUG INC |
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Registered Office : |
550 South Colorado Blvd. Denver, CO 80246. |
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Country : |
United States |
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Year of Establishment : |
1984 |
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Legal Form : |
Corporation for Profit |
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LINE OF BUSINESS : |
THE
COMPANY IS ENGAGED IN THE IMPORT AND DISTRIBUTION OF RUGS. |
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No. of Employees : |
9 |
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 : |
Moderate |
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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: |
Authentic Persian And Oriental Rugs |
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Address in the order: |
550 South Colorado Boulevard Denver colorado 80246 |
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Legal Name: |
AUTHENTIC PERSIAN CARPET AND RUG INC |
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Trade Name: |
Authentic Persian And Oriental Rugs |
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Legal Address |
550 South Colorado Blvd. Denver, CO 80246. |
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Operative Address |
550 South Colorado Blvd. Denver, CO 80246. |
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Telephone: |
+1 (303) 321-8786 |
ID : |
20021315277 |
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Fax: |
+1 (303) 329-3999 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Colorado |
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Website: |
Date Created: |
1984 |
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Manager: |
Abbas Kholghi, President |
Date Incorporated: |
November 13th, 2002 |
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Staff: |
9 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Rugs importer and distributor. |
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BANKS
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Name of the Bank |
FIRST COMMUNITY BANK |
BUSINESS
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HISTORY |
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This company was created in the year 1984. |
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PRINCIPAL ACTIVITY |
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AUTHENTIC PERSIAN CARPET AND RUG INC is a private company
located and headquartered in Colorado. The subject is also doing business as Authentic Persian
And Oriental Rugs. Please take notice we found this company DELINQUENT with
the secretary of state of Colorado: ID Number: 20021315277 Name: AUTHENTIC PERSIAN CARPET AND RUG INC. Registered Agent: GHOLAMABBAS KHAYATE KHOLGHI Registered Agent Street Address: 641 S HARRISON LN,
DENVER, CO 80209, United States. Principal Street Address: 550 S COLORADO BLVD, GLENDALE ,
CO 80246, United States Status: Delinquent Form: Corporation Jurisdiction: Colorado Formation Date: 11/13/2002 Term of Duration: Perpetual Periodic Report Month: November DELINQUENT since: 02/01/2011 for failure to file periodic
report. Periodic report due: 2011/04/30. Our agent contacted the company talked to a male
representative who was unwilling to talk to us and disconnected the call. The company is engaged in the import and distribution of
rugs. |
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Products/Services description: |
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Cleaning Repairs Restoration Appraisals Delivery & In-Home Consultations Interior Design Among others. |
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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 China, India, Iran, Pakistan, and
Nepal. |
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The company does not export |
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Trade
References: |
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Due to the lack of cooperation when calling the company we
were unable to get the name of their suppliers. |
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The subject employs 9 employee(s) |
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Comments
on staff: |
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This information was not confirmed with the staff. |
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PAYMENTS |
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To be monitored. |
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LOCATION |
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Headquarters |
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The company is headquartered at 550 South Colorado Blvd. Denver,
CO 80246. |
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Branches: |
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There were no branches found for this company. This information was not confirmed with the staff. |
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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Abbas Kholghi, President |
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 a male representative who refused to
provide us any financial data on grounds of confidentiality. |
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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 |
2,200,000 |
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The cash flow is |
Normal |
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Comments on the financial data: The financial data was not
confirmed with the staff. |
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Legal Fillings |
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There are two UCC**
files listed with the Secretary of State of Colorado. 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 low 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 but well established company with 9
employees and 28 years of experience. Due to the nature of its business the subject has a solid
business relation with its Asian suppliers. There were no legal filings found against the company or
its legal representatives. Based on the financial data obtained through our sources,
the income per employee is really good for its size. However the company shows DELINQUENT as listed on the
secretary of state of Colorado for failure to pay its annual report. We tried to contact the company but the person contacted
was unwilling to cooperate. At this point, considering the positive and general
features, but keeping in mind the DELINQUENT status we can only suggest
extreme caution. We suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
TO BE MONITORED |
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Cash |
N.A. |
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APPENDIX
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Person
Interviewed |
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Male representative |
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Comments |
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He was uwilling to cooperate with the call anf hung up on
us. |
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.