MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PINNACLE METALS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28/03/2007 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturing of stainless steel and nickel alloy wire and bar. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: PINNACLE METALS, INC.
Address:
City:
State/Province:
Zip Code: 61032
Country: UNITED STATES
Telephone: 815-232-1600
Facsimile: 815-232-1122
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 9
Legal Form: Corporation - Private
Website: pinnaclemetals.com
Maj. Shareholder: MR. GARY L. ROMIG, JR.
Business Activity: PINNACLE
METALS, INC. is engaged in the manufacturing of stainless steel and nickel
alloy
wire and bar.
NOTE TO CLIENT
The information in this report was provided by MR. NICKOLUS R. PIGOTT,
Vice President. We have requested additional information from the subject
company and await a response. If a response is received this report will be
updated immediately.
REQUESTED NAME: PINNACLE METALS INC.
LEGAL NAME: PINNACLE METALS, INC.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 28/03/2007
State/Province of Incorporation: IL
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity Name PINNACLE METALS, INC.
File Number 65360667
Status GOODSTANDING
Entity Type CORPORATION
Type of Corp DOMESTIC BCA
Incorporation Date (Domestic) 03/28/2007
State
Agent Name G. MICHAEL SCHEURICH
Agent Change Date 03/28/2007
Agent Street Address 2601 REID FARM RD
Agent Zip 61114
Duration Date PERPETUAL
Managers/Key
Personnel
MR. GARY L. ROMIG, JR.
President
MR. KURT PAYTON
Vice President
MR. NICKOLUS R. PIGOTT
Vice President
MR. WILLIAM D. PIGOTT, II
Vice President
MR. NEIL BLACK
Controller
OWNERS
MR. GARY L. ROMIG, JR. % Majority
AFFILIATED ENTITIES
There are no subsidiaries, divisions or parent companies.
Other Affiliates
UNITED STATES
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
A faxed request for a banking reference has been sent. If a response is
received this report will be updated immediately, however it our experience
that these requests take several days to be received in our office.
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: 331222 Steel Wire Drawing
SIC Code: 3315
Number of Employees:
9
Business Activity:
PINNACLE METALS, INC. is engaged in the manufacturing of stainless steel
and nickel alloy wire and bar. The heading address is the headquarters and sole
location for the subject company.
TRADE REFERENCES
Trade references could not be obtained at the time of this report.
PUBLIC RECORD
No liens, judgments or bankruptcy filings were found.
GENERAL COMMENTS
PINNACLE METALS, INC. is relatively new with operations dating from
March of 2007. The operations history is clear. The subject is considered to be
responsible for normal business transactions at this time.
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%)