MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
H-W FAIRWAY INTERNATIONAL, INC. |
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Registered Office : |
716 North Mantua Street, P.O. Box 782, Kent, Ohio 44240, United States |
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Country : |
United States |
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Date of Incorporation : |
13.11.1990 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufactures laser and incadesent guidelighs that can be
used as an alignment or positioning guide. |
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 : H-W FAIRWAY INTERNATIONAL, INC.
Address : 716 NORTH MANTUA STREET, P.O. BOX 782
City : KENT
State/Province : OHIO
Zip Code : 44240
Country : UNITED STATES
Telephone : 330 673-9546
Facsimile : 330 673-0120
Legal Form : Corporation - Private
Website : www.hwfairway.com
@rating Opinion :
Business Activity : The Company manufactures laser and incadesent guidelighs that can be used as an
alignment or positioning guide.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Contact person: Mr. Lee Strange, President.
Mr. Strange declined to provide information for this report. Please note, the information in this report was not confirmed.
We were unable to determine to the exact number of employees. A third party source places this number between 50-99.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 13/11/1990
State/Province of Incorporation : OH
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of Ohio.
Business Name Charter
H-W FAIRWAY INTERNATIONAL, INC.
Registration Number : 784122
Type : Corporation For Profit
Original Filing Date : Nov 13 1990
Status : Active
Location / County / State : Kent / Portage / Ohio
Managers/Key Personnel
Mr. Lee Strange President
AFFILIATED ENTITIES
As far as we could determine, the Company has no affiliated companies or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Strange declined to provide the Company's banking information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0
0 0 CUST 4 YR
BLDG MATRL 07-01 05-04 CREDIT 5000
0 0 0
0 0 0
FINCL SVCS 07-02 00-00 VARIED 0
0 0 0
0 0 0
PACKAGING
07-01 06-11 NET 30 100 0
0 0 0 0 0
CUST 2 YR
TRUCK DLR
07-02 00-00 CONTRCT 500
500 100 0 0
0 0
COMPUTERS
05-02 00-00 200 100
100 0 0 0
0 CUST 1 YR
ELEC EQUIP 06-05 00-00 NET 30 400
400 0 100 0
0 0
ELEC MFG
04-03 03-11 NET 30 700 0
0 0 0 0 0
MED SUPPLY 06-04 00-00 VARIED 200
0 0 0
0 0 0
OFFC SUPPL 06-04 06-03 NET 30 400
100 100 0 0
0 0 CUST 24 YR
TRANSPORTN 04-11 00-00 VARIED 0
0 0 0
0 0 0
CURRENT QUARTER 5600
500 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $
% 30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 4 0 0 0 0
0 0 0
20070100
0 4 0 100 100
0 0
0 0
20061200
0 4 0 0 0 0
0 0 0
20061100
0 3 0 0 0 0
0 0 0
20061000
0 3 0 0 0 0
0 0 0
20060900
0 3 0 0 0 0
0 0 0
Payment History -
Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 0 0 0 0 0
0 0
Third
2006 0 0 0 0 0
0 0
Second
2006 0 0 0 0 0
0 0
First
2006 0 0 0 0 0
0 0
Fourth
2005 25 300 18 41 41
0 0
FINANCIAL INFORMATION
Mr. Strange declined to provide the Company's financials.
CURRENT OPERATIONS
NAICS Code: 3332 Industrial Machinery Manufacturing
Business Activity
The Company manufactures laser and incadesent guidelighs that can be used as an alignment or positioning guide.
The Subject manufactures laser and guide lighting devices used as a visual guide for any type of alignment or positioning. The Company's product line includes mounting brackets, laser line/dot 1044, laser line 1049, 1053 extra bright, 1052 cross hair, model 1004 and various switches.
The heading address is the sole location.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Company manufactures laser and guide lighting devices. Payment history indicates that the Subject is efficient with its payments. Legal indicate no negative litigation taken against the Subject. The Company is considered to be responsible for normal business transactions.
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%)