MIRA
INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
Rehan Spice Corporation |
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Registered Office : |
1308 Santa Anitaave Suite A South El Monte CA 91733 |
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Country : |
United Status |
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Date of Incorporation : |
26.09.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Specialty food distributor. |
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No. of Employees : |
02 |
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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Maximum Credit Limit : |
USD 3,000 |
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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 Status |
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: |
Rehan Spice Corporation |
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Address in the order: |
1308 Santa Anitaave Suite A South El Monte CA 91733 |
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Comments on data supplied: |
Please note that there was a spelling mistake on the
company name you provided. The company's actual name is REHAN SPICES
CORPORARION. That is why we proceed on making the report under that address. |
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Legal Name: |
REHAN SPICES CORPORARION |
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Legal Address |
1308 Santa Anita Ave Ste A South El Monte CA 91733 |
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Operative Address |
1308 Santa Anita Ave Ste A South El Monte CA 91733 |
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Telephone: |
+1 (626) 443-6232 |
ID : |
C2448207 |
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Fax: |
+1 (626) 443-6232 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
California |
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Website: |
NA |
Date Created: |
1982 |
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Manager: |
ISMAIL AVAID, PRESIDENT |
Date Incorporated: |
September 26th, 2002 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Specialty food distributor. |
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BUSINESS
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HISTORY |
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This company was created in the year 1982. |
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PRINCIPAL ACTIVITY |
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The company is categorized under Specialty Food Stores
distributor and wholesaler. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries in general. |
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Operations area: |
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National, Local |
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The company imports from Worldwide |
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The company does not export |
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Trade References: |
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As we olny got an answering machine, we were unable to get
the name of their suppliers for trade references. |
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The subject employs 2 employee(s) |
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Comments on staff: |
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This information could not be 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 1308 Santa Anita Ave Ste A
South El Monte CA 91733. |
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Branches: |
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There were no branches found for this company. This information could not be confirmed with the staff. |
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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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Ismail Avaid, President |
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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 tried to contact the company but we only got an
answering machine. |
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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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Legal Fillings |
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There are no UCC**
files listed with the Secretary of State of California. 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
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Local credit bureau gave a medium 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 29
years f experience. Due to the nature of its business, the subject would have
a solid an fluent business relation with its foreign supplier. There were no legal filings found against the company or
its legal representatives. Regarding the financial data we obtained, the income per
employee is fair for its size. Therefore we consider that the structure can handle a
small credit line. We suggest though, monitoring the length of payments. A credit line may be considered for USD 3,000. |
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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 |
NORMAL |
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APPENDIX
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Comments |
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Our agent tried to contact this company, but we only got
an answering machine. We left them a message with our contact information but
we didn't get an answer as of today. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.28 |
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1 |
Rs.77.60 |
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Euro |
1 |
Rs.64.66 |
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.