MIRA INFORM REPORT

 

 

Report Date :

10.01.2012

 

IDENTIFICATION DETAILS

 

Name :

PELM PRODUCTS LLC

 

 

Registered Office :

19 Bryant Avenue, Roslyn, NY 11576

 

 

Country :

United States

 

 

Date of Incorporation :

08.09.2004

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Fabrics Distributors.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

 

 

GEOPOLITICS- UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of GovernmentGOVERNMENT

Federal

Currency

USD

Economic Risk

Nil

Branch Situation

Stable


IDENTIFICATION

 

Ordered as:

Pelm Product

Address in the order:

19 Brvant Avenue Roslyn NY 11576 New York 11576

 

 

Legal Name:

Pelm Products LLC

 

 

Legal Address:

19 BRYANT AVENUE, ROSLYN, NY 11576, USA.

Operative Address:

19 BRYANT AVENUE, ROSLYN, NY 11576, USA. (Not verified)

Telephone:

+1 (516) 978 6339

ID:

3099542

Fax:

-

Legal Form:

Limited Liability Company

Email:

-

Registerd In:

New York

Website:

-

Date Created:

2004

Manager:

-

Date Incorporated

September 08th. 2004

Staff:

-

Stock:

NA

 

 

Value:

NA

Activity:

Fabrics Distributors.

 

 

BUSINESS

 

 

 

PRINCIPAL ACTIVITY:

 

Fabrics Distributors.

SUPPLIER:

 

 

 

CTY TNHH DUC THIEN would be a supplier of our subject. This company is located at:


AP HOA LAN 2 LAND, THUAN GIAO VILLAGE, THUAN AN DIST, BINH DUONG PROVINCE VIETNAM 0650 3715908

ZHEJIANG METALS AND MATERIALS CO. would also be a supplier located at:



78 FENG QI ROAD HANGZHOU CHINA 0571-28908296


However, we could not check this information with the companies.

 

LOCATION

 

Headquarters:

 

 

The company would be headquartered at the address provided above.

 

 

Shareholders - Manager - Related

Companies

 

Listed at the stock exchange:

 

NO

 

Shareholders Parent Company(ies):

 

We could not have this information from the company.

Management:

 

We could not have this information from the company.

 

 

Financials - COMMERCIAL TRENDS AND

FORECAST

 

 

As a private company the subject does not publish any financial statements.

We have contacted a male representative�who refused to provide us any financial data without knowing the name of the inquiring party.

 

 

legal fillings

 

 



There are no UCC** files listed with 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

 

Local credit bureau did not rate this company.

FINAL OPINION:

We could not find information about the company to rate this subject.

Tha company appears to be active at the State of New York.

We suggest taking guarantees.

 

 

APPENDIX

 

 

Person Interviewed:

 

Male Representative.

Comments:

 


He said he was not going to give our agents any kind of information without knowing the name of the inquiring party.


He told us to tell our client to directly contact him to ask for any kind of information.

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.22

UK Pound

1

Rs.80.83

Euro

1

Rs.66.79

 

 

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.