MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
NUCEDAR MILLS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21/12/2005 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Manufactures
architectural siding, trim and millwork for the custom home and multi-family
segments. |
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/normal. |
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: NUCEDAR MILLS, INC.
Address:
City:
State/Province:
Zip Code: 01022
Country: UNITED
STATES
Telephone: 413
593-8883
Facsimile: 413
593-8955
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of
Employees: 15
Legal Form: Corporation
- Private
Website: www.nucedar.com
Maj.
Shareholder: Jain
(
Business Activity: The Subject manufactures architectural
siding, trim and millwork for the custom home
and
multi-family segments.
NOTE TO CLIENT
Contacted
person; Mr. Murali Ramantan, Executive
Vice President (Parent company).
Mr. Murali Ramantan
provided and confirmed general business information about the Company. He
declined to provide banking or financial details.
LEGAL
Legal Form: Corporation
– Private
Since (D/M/Y): 21/12/2005
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal
Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated is in the State of
Entity Details
File Number:
4082381
Incorporation Date:
12/21/2005
Entity Name:
NUCEDAR MILLS, INC.
Entity Kind:
CORPORATION
Entity Type:
GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: CORPORATION
SERVICE COMPANY
Address:
City:
County: NEW CASTLE
State: DE
Postal Code: 19808
======================================================================
The Company is
qualified in the State of:
The exact name of
the Foreign Corporation: NUCEDAR MILLS,
INC.
Entity Type: Foreign Corporation
Identification
Number: 000932132
Date of
Registration in
The is organized
under the laws of:
State: DE
Country:
on: 12/21/2005
Principal office:
No. and Street:
City or Town:
State: MA
Zip: 01022
Country:
Registered Agent:
Name: THOMAS LOPER
No. and
Street:
City or Town:
State: MA
Zip: 01022
Country:
Managers/Key
Personnel
MR. THOMAS
LOPER President
MR. ANDREW
SEARS Treasurer
OWNERS
Jain (
AFFILIATED ENTITIES
We believe the
Company has affiliates. However, we were unable to obtain any names.
Parent Companies
Parent
Company: Jain (
OH
UNITED STATES
Ultimate
Parent: Jain Irrigation Systems Ltd.
OH
UNITED STATES
There are no known
subsidiaries.
BANKS
MA
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Management declined
to provide banking information.
PAYMENT HISTORY
We found no payment
history for the Subject.
FINANCIAL INFORMATION
Management declined
to provide financial information.
HISTORY
In 2006, the parent
company; Jain (
CURRENT OPERATIONS
NAICS Code: 32
Mfg - Wood, Paper, Petroleum, Chemical, Plastics
Number of Employees
: 15
Business Activity:
The Subject
manufactures architectural siding, trim and millwork for the custom home and
multi-family segments. The heading address is the headquarters and sole
location of the Subject.
PUBLIC RECORD
Below are the UCC
filings for the Subject.
Name Searched:
NUCEDAR MILLS INC.
Debtors: NUCEDAR
MILLS, INC.
History: DATE
FILING# DOCUMENT SUMMARY
12/18/2006
200653330350 TYPE: UCC-1 ORIGINAL
DEBT: NUCEDAR
MILLS, INC.
SECD: TOYOTA MOTOR
CREDIT CORP.
Original Filing
Number: 200653330350
Secured Party:
TOYOTA MOTOR CREDIT CORP.
Status: ACTIVE
Name Searched:
NUCEDAR MILLS INC.
Debtors: NUCEDAR
MILLS, INC.
History: DATE
FILING# DOCUMENT SUMMARY
1/18/2007
200754063300 TYPE: UCC-1 ORIGINAL
DEBT: NUCEDAR
MILLS, INC.
SECD: TOYOTA MOTOR
CREDIT CORPORATION
Original Filing
Number: 200754063300
Secured Party:
TOYOTA MOTOR CREDIT CORPORATION
Status: ACTIVE
A search of bankruptcy courts revealed no
record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject
manufactures architectural siding, trim and millwork for the custom home and multi-family
segments. We found no payment history for the Company. Legal indicate no negative litigation taken
against the Subject.
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%)