MIRA
INFORM REPORT
|
Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MACQUARIE COTTON
INTERNATIONAL INC. |
|
|
|
|
Registered Office : |
465 West Coleman
Boulevard Ste 202, Mount Pleasant, South Carolina, 29464 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
28/07/2004 |
|
|
|
|
Legal Form : |
Corporation –
Private |
|
|
|
|
Line of Business : |
Engaged as a buyer
and seller of physical cotton. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: MACQUARIE
COTTON INTERNATIONAL INC.
Address: 465
WEST COLEMAN BOULEVARD STE 202
City: MOUNT PLEASANT
State/Province: SOUTH
CAROLINA
Zip Code: 29464
Country: UNITED
STATES
Telephone: 843
284-0330
Facsimile: 843
284-0338
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
8
Legal Form: Corporation
- Private
Website: www.macquarie.com.au
Maj.
Shareholder: MACQUARIE BANK LIMITED
Business Activity: MACQUARIE COTTON INTERNATIONAL INC. is
engaged as a buyer and seller of
physical
cotton.
NOTE TO CLIENT
General information
for this report was provided by Mr. Steve Dyer, President.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 28/07/2004
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The subject is
incorporated in Delaware:
File Number: 3835213
Incorporation Date /
Formation Date: 07/28/2004
(mm/dd/yyyy)
Entity Name: MACQUARIE
COTTON INTERNATIONAL INC.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE
STREET
City: WILMINGTON
County: NEW CASTLE
State: DE
Postal Code: 19801
Phone: (302)658-7581
The subject is
qualified in South Carolina:
Information
for: MACQUARIE
COTTON INTERNATIONAL INC.
DOMESTIC /
FOREIGN: Foreign
STATUS: Good
Standing
STATE OF
INCORPORATION / ORGANIZATION: DELAWARE
REGISTERED AGENT INFORMATION
REGISTERED AGENT NAME: CT
CORPORATION SYSTEM
ADDRESS: 75
BEATTIE PLACE
CITY: GREENVILLE
STATE: SC
ZIP: 29601
SECOND ADDRESS:
FILE DATE: 09/29/2004
EFFECTIVE DATE: 09/29/2004
Managers/Key
Personnel
Mr. Steve Dyer President
OWNERS
MACQUARIE BANK
LIMITED % Majority
AFFILIATED ENTITIES
There are no
subsidiaries or divisions.
Parent Companies
Parent Company: MACQUARIE BANK LIMITED
Level 15, No. 1 Martin Place
SYDNEY
NSW 2000
AUSTRALIA
The parent company
is publicly traded on the (ASX) Australian Securities Exchange under the code
(MBL). Below is a recent stock quote in AUD:
Recent: $89.05
Select Consolidated
Financial figures are shown below in Millions of AUD
52 Weeks eneding
March 31, 2006 2005
Total revenue from
operating activities 7,923 6,755
Operating profit
before income tax 1,287 1,158
Income tax
(expense)/benefit
(290) (288)
Profit from ordinary
activities after income tax 997
870
Total equity 5,337 4,425
Total liabilities 100,874 63,555
Total assets 106,211 67,980
BANKS
MACQUARIE BANK
LIMITED
Level 15, No. 1
Martin Place
Sydney NSW 2000
Telephone: (02) 8232
3333
Facsimile: (02) 8232
4300
Account Number:
Account Manager:
The bank is the
Parent Company which is located in Australia.
PAYMENT HISTORY
No significant
payment record was found.
FINANCIAL INFORMATION
No financial figures
regarding the subject company could be obtained directly from management or
from outside sources at the time of this report.
CURRENT OPERATIONS
NAICS Code: 422
Wholesale Trade, Nondurable Goods
Number of
Employees: 8
Business Activity:
MACQUARIE COTTON
INTERNATIONAL INC. is engaged as a buyer and seller of physical cotton. The heading address is the headquarters and
sole location for the subject company.
TRADE REFERENCES
Trade references
were declined.
PUBLIC RECORD
No liens, judgments or
bankruptcy filings were found.
GENERAL COMMENTS
MACQUARIE COTTON
INTERNATIONAL INC. is relatively new with operations dating from 2004. The
operation history is clear and the subject is considered to be responsible for
normal business transactions at this time.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)