MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
HH Technologies,
Inc. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02/12/1978 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Manufacturer of
heating and cooling products. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: HH
Technologies, Inc.
Trade Name(s): Hired
Hand
Address:
City: BREMAN
State/Province:
Zip Code: 35033
Country: UNITED
STATES
Telephone: 256
287-1000
Facsimile: 256
287-2000
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
350
Legal Form: Corporation
- Private
Website: www.hired-hand.com
Business Activity: The Company is a manufacturer of
heating and cooling products.
NOTE TO CLIENT
Person Contacted:
Mr. Shawn Crider, President
Management gave some
information and agreed to a written request for more information. He declined
all financial information over the phone. If pertinent information is returned,
the report will be amended.
--
NOTE:
The correct legal
name of the Company is HH Technologies, Inc. Hired Hand Manufacturing is a DBA
for the Company.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 02/12/1978
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Corporation D/C
-054-449
Legal Name: HH
Technologies, Inc.
Place Of Inc:
Date Of Inc.: 12-22-1978
Reg Agent...: CRIDER,
SHAWN JEFFERY
Capital Amt.: $3,000
Authorized $2,000 Paid In
Nat Of Bus..: CATTLE
FARMING OPERATIONS
Managers/Key
Personnel
Mr. Shawn
Crider President
AFFILIATED ENTITIES
According to
management, no affiliates or subsidiaries exist.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The Company appears
to use several banks, but management declined to tell us which bank is the
primary one.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ELEC DISTR 07-07 00-00 VARIED 0
0 0 0 0 0 0
FINCL SVCS 07-07 07-06 VARIED 17700
6500 100 0 0
0 0
FRGHT FWRD 07-05 07-05 VARIED 2200
2200 100 0 0
0 0
SAFTY PROD 07-05 00-00 NET 30 100
0 0 0
0 0 0
CUST 7 YR
SERVICES
07-07 07-07 NET 30 327800 210700
100 0 0 0 0
MANUFCTRNG 06-05 06-02 VARIED 0
0 0 0
0 0 0
CURRENT QUARTER 347800 219400
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 6 0 229000 100 0
0 0 0
20070600
0 6 0 233900 100 0
0 0 0
20070500
0 6 0 238800 100 0
0 0 0
20070400
0 7 0 245000 100 0
0 0 0
20070300
0 7 0 253400
100 0 0 0 0
20070200
0 7 0 261000 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 233900 100 0
0 0 0
First
2007 0 253100 100 0
0 0 0
Fourth
2006 0 284900 97
3 0 0 0
Third
2006 0 303100 100 0
0 0 0
Second
2006 0 323300 100 0
0 0 0
FINANCIAL INFORMATION
Management declined
to provide financial information and outside sources could not provide any
insight into the financial condition of the Company.
HISTORY
1982
The Power Unit
Hired-Hand brings
its second product to the agricultural market with the release of the first line
of curtain machines, the Power Unit.
1983
Super Saver Heaters
First line of Super
Saver Heaters was introduced.
1988
The First Line of
Electronic Environmental Controllers
Hired-Hand
introduced their first line of electronic environmental controller
1991
Hired-Hand Enters
the Ventilation Market
The release of their
first line of fans.
1995
Expansion Into New
Markets
Horticulture
Commercial
Industrial
2004
Hired-Hand,
Hired-Hand Green, and Rollseal combine and develop HH Technologies
CURRENT OPERATIONS
NAICS Code: 3353
Electrical Equipment Manufacturing
Number of
Employees: 350
Business Activity:
The Company is a
manufacturer of heating and cooling products.
The Company website describes their specialties to be manufacturing the
following:
Ventilation
Heating
Evaporative Cooling
Controllers
Structures
Curtain Machines
RollSeal Systems
HH2O Drinkers
This is the sole
location for HH Technologies, Inc.
PUBLIC RECORD
Filing Number: 200042175
Filing Date: 10/18/2005
Filing Time: 5:00PM
Expiration
Date: 10/25/2010
Total Number of
Pages: 001
Filing Type: CONTINUATION
Filing Date of
Related Filing: 10/25/2000
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): HH TECHNOLOGIES INC
P O
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): REGIONS BANK
-----
Filing Number: 60471269
Filing Date: 05/24/2006
Filing Time: 5:00PM
Expiration
Date: 05/24/2011
Total Number of
Pages: 001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): HH TECHNOLOGIES
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): TRUMPF INC
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Filing Number: 60218761
Filing Date: 02/24/2006
Filing Time: 5:00PM
Expiration
Date: 02/24/2011
Total Number of
Pages: 003
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): HH TECHNOLOGIES INC
TBS CATTLE FARM LLP
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): COLONIAL BANK NA
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Information Current
Through: 07-05-2007
Database Updated:
08-02-2007
Update Frequency:
Weekly
Current Date:
08/02/2007
Source: AL SECRETARY OF STATE
FILING INFORMATION
Filing Number: 60471223
Filing Date: 05/24/2006
Filing Time: 5:00PM
Expiration
Date: 05/24/2011
Total Number of
Pages: 001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): HH TECHNOLOGIES INC
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): WACHOVIA BANK NA
ONE WEST FOURTH
STREET 3RD FLR NC697
GENERAL COMMENTS
Since 1978, the Company
has been incorporated and engaged primarily as a manufacturer of cooling and
heating products. they have a satisfactory payment record and no derogatory
information on the Company has been found in it's name.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)