MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
NEPCO INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20/07/1978 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged as a
provider of steel valves, oilfield equipment, locomotive and transit
castings. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: NEPCO
INC
Trade Name(s): Nepco
International
Address:
City:
State/Province:
Zip Code: 77469
Country: UNITED
STATES
Telephone: 281
342 5511
Facsimile: 281
342 0913
In KUSD As of:
31/12/2006
Sales /
Revenue: 9,100
Net Income:
Total Equity:
Number of Employees
: 140
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Subject is engaged as a provider of
steel valves, oilfield equipment, locomotive, and
transit
castings.
NOTE TO CLIENT
Person contacted:
Mr. Trani Miller, Accounts Manager
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Nepco International
is a trade name for Nepco, Inc. on which the report follows.
--
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 20/07/1978
State/Province of
Incorporation: TX
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Company
Information: NEPCO INC
Registered
Agent: MICHAEL M FIELDS
5401 MITCHELDALE
State of
File Number: 0044320700
Charter/COA
Date: July 20, 1978
Charter/COA
Type: Charter
Taxpayer
Number: 30003756431
Managers/Key
Personnel
Mr. Pat Sowell Plant
Manager
Mr. Jason Leeba Manager
AFFILIATED ENTITIES
As far as can be
determined, no other affiliated companies or subsidiaries appear to exist.
Parent Companies
Parent Company: Matrix Metals, LLC
According to outside
sources, Matrix Metals, LLC had reported annual revenue of $US 37.8 million.
Management was not certain as to the correctness of this figure.
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales
/ Revenues 9,100 - -
Management stated
that annual revenue is in the US$ 9.1 million. They deferred financial
statements and outside sources could not add any insight into the condition of
the Firm.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Number of Employees:
140
Business Activity:
The Subject is
engaged as a provider of steel valves, oilfield equipment, locomotive, and
transit castings. This address is the headquarters
for the Company. Branches exist throughout
PUBLIC RECORD
No liens, legal
issues, Uniform Commercial Codes or bankruptcies were found in the Company's
name.
GENERAL COMMENTS
NEPCO INC. DBA: Nepco
International, incorporated in 1978, engaged as a provider of steel valves,
oilfield equipment, locomotive, and
transit castings. A payment record could
not be developed for the Firm and no public were traced to the Firm.
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. |
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%)