|
Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
JUST FUNKY LLC |
|
|
|
|
Registered Office : |
146 E. Liberty Street, Ste 230, Worcester, OH 44691 |
|
|
|
|
Country : |
United States |
|
|
|
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Date of Incorporation : |
22.07.2011 |
|
|
|
|
Legal Form : |
LLC |
|
|
|
|
Line of Business : |
Importer,
exporter and wholesaler of clothing apparel and accessories. |
|
|
|
|
No. of Employees : |
08 |
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 : |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
JUST FUNKY LLC
Address: 146 E. Liberty Street, Ste 230, Worcester, OH 44691 - USA
Telephone: +1 234-249-0145
Fax: +1 234-249-0146
Website: www.just-funky.com
Corporate ID#: 2036507
State: Ohio
Judicial form: LLC
Date incorporated: 07-22-2011
Stock: -
Value: -
Name of
manager: Rajnish ARORA
Business:
Importer,
exporter and wholesaler of clothing apparel and accessories.
The Company is also doing business as SUGGARDADDY, a business name registered in Ohio on 07-29-2011 under ID# 2112351.
Suppliers include:
J Tech Corp (HK) Limited
Hong Kong
EIN: -
Staff: 8
Operations
& branches:
At the
headquarters, we find the corporate office, on lease.
Shareholders:
- Rajnish ARORA
- Shirama ARORA
Management:
- Rajnish ARORA
- Shirama ARORA
As far as we know, they are not involved in other local corporations.
Subsidiaries
And partnership: None
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.
However,
sales estimate for year 2012 is in the range of USD 1,200,000=
Banks: Crestmar Bank
…
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
File
number: OH00170436896
Date filed:
09-19-2013
Lapse date:
09-19-2018
Secured
Party: Fidelity Capital Partners LLC
7700 Irvine Center Drive, Irvine, CA 92618
File number:
OH00170358264
Date filed:
09-17-2013
Lapse date:
09-17-2018
Secured
Party: Firstlease, Inc.
1300
Virginia Drive, Fort Washington, PA 19034
File
number: OH00168348330
Date filed:
06-26-2013
Lapse date:
06-26-2018
Secured
Party: Crestmark Bank
1500 Gateway
Blvd, Boynton Beach, FL 33426
File
number: OH00165364169
Date filed:
03-08-2013
Lapse date:
03-08-2018
Secured
Party: US Bank
777 E.
Wisconsin Avenue, Milwaukee, WI 53202
Haut du formulaire
Trade
references:
Date reported: August 2013
High
credit: USD 10,000
Now owing: 0
Past due: 0
Last
purchase: July 2013
Line of
business: Office supply
Paying
status: 3 days beyond terms
Date
reported: August 2013
High
credit: USD 5,000+
Now owing: 0
Past due: 0
Last purchase:
July 2013
Line of
business: Payroll
Paying
status: As agreed
Date
reported: August 2013
High
credit: USD 300
Now owing: 0
Past due: 0
Last
purchase: July 2013
Line of
business: Telecommunications
Paying
status: 2 days beyond terms
Domestic
credit history:
National
Credit Bureaus gave a correct credit rating.
According to our credit analysts, during the last 6 months, domestic payments were made with an average of 2 to 5 days beyond terms.
International credit history:
Payments of imports are currently made on terms.
Other
comments:
The Company
maintains its business.
The Company
is in good standing.
This means
that all local and federal taxes were paid on due date.
The risk is
medium/low.
Our
opinion:
A business
connection may be conducted but we suggest you to check regularly the way of
payments.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.