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Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SILKROUTE CORPORATION |
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Registered Office : |
2501 David Street, San Leandro, CA 94577 |
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Country : |
United States |
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Date of Incorporation : |
01.11.1979 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Subject imports antiques, hand woven rugs, furniture, and accessories. |
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No. of Employees : |
10 |
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 : |
Slow |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
United States - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful economy in the
world, with a per capita GDP of $49,800. In this market-oriented economy,
private individuals and business firms make most of the decisions, and the
federal and state governments buy needed goods and services predominantly in
the private marketplace. US business firms enjoy greater flexibility than their
counterparts in Western Europe and Japan in decisions to expand capital plant,
to lay off surplus workers, and to develop new products. At the same time, they
face higher barriers to enter their rivals'' home markets than foreign firms
face entering US markets. US firms are at or near the forefront in
technological advances, especially in computers and in medical, aerospace, and
military equipment; their advantage has narrowed since the end of World War II.
The onrush of technology largely explains the gradual development of a
"two-tier labor market" in which those at the bottom lack the
education and the professional/technical skills of those at the top and, more
and more, fail to get comparable pay raises, health insurance coverage, and
other benefits. Since 1975, practically all the gains in household income have
gone to the top 20% of households. Since 1996, dividends and capital gains have
grown faster than wages or any other category of after-tax income. Imported oil
accounts for nearly 55% of US consumption. Crude oil prices doubled between
2001 and 2006, the year home prices peaked; higher gasoline prices ate into
consumers'' budgets and many individuals fell behind in their mortgage
payments. Oil prices climbed another 50% between 2006 and 2008, and bank
foreclosures more than doubled in the same period. Besides dampening the
housing market, soaring oil prices caused a drop in the value of the dollar and
a deterioration in the US merchandise trade deficit, which peaked at $840
billion in 2008. The sub-prime mortgage crisis, falling home prices, investment
bank failures, tight credit, and the global economic downturn pushed the United
States into a recession by mid-2008. GDP contracted until the third quarter of
2009, making this the deepest and longest downturn since the Great Depression.
To help stabilize financial markets, in October 2008 the US Congress
established a $700 billion Troubled Asset Relief Program (TARP). The government
used some of these funds to purchase equity in US banks and industrial
corporations, much of which had been returned to the government by early 2011.
In January 2009 the US Congress passed and President Barack OBAMA signed a bill
providing an additional $787 billion fiscal stimulus to be used over 10 years -
two-thirds on additional spending and one-third on tax cuts - to create jobs
and to help the economy recover. In 2010 and 2011, the federal budget deficit
reached nearly 9% of GDP. In 2012 the federal government reduced the growth of
spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan
required major shifts in national resources from civilian to military purposes
and contributed to the growth of the budget deficit and public debt. Through
2011, the direct costs of the wars totaled nearly $900 billion, according to US
government figures. US revenues from taxes and other sources are lower, as a
percentage of GDP, than those of most other countries. In March 2010, President
OBAMA signed into law the Patient Protection and Affordable Care Act, a health
insurance reform that will extend coverage to an additional 32 million American
citizens by 2016, through private health insurance for the general population
and Medicaid for the impoverished. Total spending on health care - public plus
private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the
president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act,
a law designed to promote financial stability by protecting consumers from
financial abuses, ending taxpayer bailouts of financial firms, dealing with
troubled banks that are "too big to fail," and improving
accountability and transparency in the financial system - in particular, by
requiring certain financial derivatives to be traded in markets that are
subject to government regulation and oversight. In December 2012, the Federal
Reserve Board announced plans to purchase $85 billion per month of mortgage-backed
and Treasury securities in an effort to hold down long-term interest rates, and
to keep short term rates near zero until unemployment drops to 6.5% from the
December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems
include stagnation of wages for lower-income families, inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, energy shortages, and sizable current account and budget
deficits - including significant budget shortages for state governments.
|
Source : CIA |
Company name: SILKROUTE CORPORATION
Address: 2501 David Street, San
Leandro, CA 94577 - USA
Telephone: +1
510-562-7110
Fax: +1 510-562-7112
Website: www.shopsilkroute.com
Corporate ID#: C0965785
State: California
Judicial form: Corporation – Profit
Date incorporated: November
1, 1979
Stock: -
Value: -
Name of manager: Abdul IBRAHIMI
Business:
Silkroute imports antiques, hand woven rugs, furniture, and accessories
from Afghanistan, Africa, India, Nepal, Pakistan and Tibet.
Silkroute has recently begun carrying lines from China, Peru, and
Brazil. Several times a year, owners, Abdul and Ferozan travel to all of these
countries to hand select each unique piece. Silkroute is also supplying
thousands of retailers and interior designers all over the United States,
Canada, and Mexico.
The Company imports mainly from Nepal, India, Afghanistan,
Peru and Pakistan.
EIN: -
Staff: 10
Operations & branches:
At the headquarters, we
find a warehouse and office, on 65,000 sq. feet, owned.
Parcel ID# 79A-591-8
Shareholders:
- Abdul IBRAHIMI
- Ms. Ferozan IBRAHIMI
Management:
Abdul IBRAHIMI, President,
Director and CEO
Ms. Ferozan IBRAHIMI,
Director.
As far as we know, they are involved in other corporations, including:
DIRECT SOURCE HOME
FURNISHING, LLC
2501 David Street, San Leandro, CA 94577
Incorporated in California
on 08-14-2008
ID# 200822810286
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody accepted
to answer our questions.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2012 in the range of
USD 2,000,000=
The business is said to be
profitable.
Banks: Wells Fargo Bank
...
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File number: 12-7330216499
Date filed: 09-25-2012
Lapse date: 09-25-2017
Secured Party: SHOWPLACE AC
I, LLC
211 East
Commerce Avenue, High Point, NC 27260