MIRA INFORM REPORT

 

 

Report Date :

25.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MONARCH INTERNATIONAL CORPORATION

 

 

Registered Office :

4570 Eucalyptus Avenue Suite D, Chino CA 91710

 

 

Country :

United States

 

 

Date of Incorporation :

31.01.2001

 

 

Com. Reg. No.:

C2329911

 

 

Legal Form :

Corporation

 

 

Line of Business :

Wholesales of Gifts and Novelties

 

 

No. of Employees :

10

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

$50,000 USD

 

 

Status :

Satisfactory

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

Company Name:

Monarch International Corporation

Address:

4570 Eucalyptus Avenue Suite D

City:

Chino

State/province:

California

Zip/postal code:

91710

Country:

United States Of America

Telephone:

+1 (909) 606-2880

 

 

Credit Recommendation & Observation

 

Current Credit Limit:  $50,000 USD

Current Credit Observation:  There is no Immediate Risk in doing Business with this company

 

Analysis

 Well Established, Sales of  $4,500,000

Limited North American Trade Payment Activity

No Derogatory Items on Record.

 

Company History

 

 

 

Premises:

Leases premises in a building

Business Structure:

Corporation

Line of Business:

Wholesales of Gifts and Novelties

Branches: 

Single Location

 

 

Company Registration & Status

 

Date registered:

January 31 2001

Legal form:

Corporation

Registration no:

C2329911

Jurisdiction

California

Registry status:

Active

 

 

 

Company Management

 

No of Employees:

10

Name & Title:

Meera Verma, Officer

Name & Title:

Vinaya Kajla, Officer

 

 

Legal Findings

 

Suits:

None

Court Judgements:

None

NSF Reported:

None

 Liens / Collection:

None

Security Filings:

No 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 January 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

 

Date Reported January 2012

High Credit : 250

Now Owing : 250

Terms :  Net 30 Days

Past Due 1-30 days – 250

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: Slow 30

 

 

Payment Behaviour:

Limited North American Trade Payment Activity

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.06

UK Pound

1

Rs.77.19

Euro

1

Rs.65.57

 

 

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.