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Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
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Name : |
CROWN FOOD INTERNATIONAL, LLC |
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Registered Office : |
3272 Gale Avenue, Long Island City, NY 11101 |
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Country : |
United States |
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Date of Incorporation : |
04.05.2010 |
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Legal Form : |
LLC |
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Line of Business : |
Importer and wholesaler rice basmati. |
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No. of Employees |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 was designed to 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 (Fed) 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 below 6.5% or inflation rises above 2.5%. In late 2013, the
Fed announced that it would begin scaling back long-term bond purchases to $75
billion per month in January 2014 and reduce them further as conditions
warranted; the Fed, however, would keep short-term rates near zero so long as
unemployment and inflation had not crossed the previously stated thresholds.
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
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Source
: CIA |
CROWN FOOD INTERNATIONAL, LLC
Address: 3272
Gale Avenue, Long Island City, NY 11101 - USA
Telephone: +1
917-416-6921
Fax: +1 718-472-2277
Website: www.crownbasmaticom
Corporate ID#: 3945467
State: New York State
Judicial form: LLC
Date incorporated: May 4,
2010
Stock Value: A
LLC has no stock
Name of manager: Salah CHAUDHRY
Business:
Importer and wholesaler
rice basmati.
Office
of the Foreign Assets Control (OFAC):
The company is not listed on the OFAC list.
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.
Suppliers include:
MARHABA LABORATORIES (PVT) LTD
142-MAIN QUAID-E-AZAM INDUSTRIAL ESTATE, LAHORE PAKISTAN
KEVAL EXPORTS PVT LTD
303, A.P.M.C.MARKET-1, PHASE-II, SECTOR-19,VASHI, NAVI MUMBAI 400703
INDIA
EIN: -
Staff: 2
Operations & branches:
At the headquarters, we
find the corporate office.
Shareholders:
Salah CHAUDHRY is the Member.
Management:
Salah CHAUDHRY is the Manager.
As far as we know, he is involved in other corporations, including:
RAWAL HEAVY MACHINERY, LLC
3272 Gale Avenue, Long Island City, NY 11101
Incorporated in New York State on 09-04-2009
ID# 3853161
ELITE LIMOUSINE PLUS INC.
3272 Gale Avenue, Long Island City, NY 11101
Incorporated in New York State on 06-24-1986
ID# 1093179
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
received.
Sales declared for year
2013 is in excess of USD 1,000,000+
The business is profitable.
Banks: Sterling National Bank
Legal filings & complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
Haut du formulaire
32-72 GALE AVENUE, LONG ISLAND CITY, NY
11101, USA |
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Secured Party Names: ISUZU FINANCE OF AMERICA, INC |
3020 WESTCHESTER AVE., SUITE 203, PURCHASE, NY
10577, USA