MIRA INFORM REPORT

 

 

 

Report Date :

12.06.2013

 

IDENTIFICATION DETAILS

 

Name :

Solar Impex Inc

 

 

Registered Office :

21315 Heartwood Oak Trail Cypress, TX 77433

 

 

Country :

United States

 

 

Date of Incorporation :

09.01.1995

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Synthetic Organic Dye and Pigment Manufacturing Metal Service Centers and Other Metal Resellers

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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 Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

Ordered as:

Solar Impex Inc

Address in the order:

21315 Heartwood Oak Trail Cypress, TX 77433

Legal Name:

Solar Impex Inc

Legal Address

21315 Heartwood Oak Trl Cypress, Texas 77433 USA

Telephone:

+1 (281) 256-2988

ID :

0133960500

Fax:

+1 (281) 256-2988

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Texas

Website:

NA

Date Created:

1995

Manager:

DILIP D DADHICH, PRESIDENT

Date Incorporated:

January  9th, 1995

Staff:

4

Stock:

NA

 

 

Value:

NA

Activity:

Synthetic Organic Dye and Pigment Manufacturing Metal Service Centers and Other Metal Resellers

 

 

BUSINESS

 

HISTORY

 

This company was created in the year 1995.

PRINCIPAL ACTIVITY

 

This company is categorized under Iron and Steel (Ferrous) Products wholesaler and manufacturer.

 

 

 synthetic Organic Dye and Pigment Manufacturing

Metal Service Centers and Other Metal Seller.

Products/Services description:

 

synthetic Organic Dye

Pigment Manufacturing

Metal Service Centers

Metal Seller.

Sales are:

 

Wholesale

Clients:

 

Various Industries

The company imports from China, Malaysia, Russia, Iran and India.

The company export to Worldwide

PAYMENTS

 

regular

LOCATION

Headquarters

 

This company is headquartered at 21315 Heartwood Oak Trail Cypress, TX 77433.

Branches:

 

There were no branches found for this company

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company. Despite our long searches it has not been possible to identify the shareholders.

Management:

 

Dilip D Dadhich, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

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

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.

Currency

DATE

 

USD

2008

 

Turnover

5 M

 

 

 

 

Legal Fillings

 There are no UCC files listed with the Secretary of State of Texas.

 

 

There are no legal filings listed with the District Court.

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 gave a Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

This is a small sized company that has 4 employees and has been in business for 14 years. There were no legal filings found against this company or its legal representatives.

There were no financial figures found for this company, and the accountant refused to disclose any information about the company.

 

We suggest caution.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Robert

Position

 

Accountant

Comments

 

Refused to provide us with information due to confidentiality reasons.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.92

UK Pound

1

Rs.91.80

Euro

1

Rs.78.18

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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 Company

----

 

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.