MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BL HARBERT INTERNATIONAL LLC |
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Registered Office : |
820 Shades Creek Parkway Suite 3000, Birmingham, Alabama 35209 |
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Country : |
United States |
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Date of Incorporation : |
20/08/1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provides heavy construction services to customers worldwide. |
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : BL HARBERT
INTERNATIONAL LLC
Address :
820 SHADES CREEK PARKWAY SUITE 3000
City :
BIRMINGHAM
State/Province :
ALABAMA
Zip Code :
35209
Country :
UNITED STATES
Telephone : 205
802-2800
Facsimile :
205 802-2801
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 650
Legal Form :
Limited Liability Company
Website :
www.blharbert.com
Business Activity : BL
Harbert International LLC, provides heavy construction services to customers
worldwide.
Its services include: pipeline, industrial and building construction.
NOTE TO CLIENT
Contact Person : Ms. Kathy George
Position :
Financial Controller
LEGAL
Legal Form :
Limited Liability Company
Since (D/M/Y) :
20/08/1999
State/Province of Incorporation :
DE
Status :
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was organized in Delaware under the following registration:
File Number: 3086282
Formation Date:
08/20/1999
Entity Name: B.
L. HARBERT INTERNATIONAL, L.L.C.
Entity Kind: LIMITED LIABILITY COMPANY (LLC)
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT
INFORMATION
Name: NATIONAL REGISTERED AGENTS, INC.
Address: 160 GREENTREE DRIVE SUITE 101
City: DOVER
County: KENT
State: DE
Postal Code: 19904
Phone: (302)674-4089
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The Company is authorized to conduct business in Alabama under the
following registration:
Legal Name: B.L. Harbert International, L.L.C.
State Of Reg: Delaware
Reg Date....: 08-30-1999
Formed Date.: 08-20-1999
Reg Agent...: NAITONAL REGISTERED AGENTS INC
Address: 150 SOUTH PERRY STREET
MONTGOMERY,
AL 36104
Prin Address: 820 SHADES CREEK PARKWAY
BIRMINGHAM, AL 35209
Nat Of Bus..: GENERAL CONTRACTING & CONSTRUCTION BUSINESS
Managers/Key
Personnel
Mr. Billy L. Harbert
President & CEO
Mr. James O. Rein
Executive Vice
President
Mr. R. Alan Hall
Senior Vice President
Mr. Andrew N. Edge
Controller
Mr. Gary Savage
Vice President and
Controller
Mr. William A. Lalor Vice President - Manufacturing
AFFILIATED ENTITIES
The following companies are affiliated to BL Harbert International LLC:
B. L. Harbert Holdings, LLC
B. L. Harbert International Contractors, LLC
Harbert International Est Sdn. Bhd.
Parent Companies
Parent Company: B.L. Harbert
International Group
AL
UNITED STATES
BANKS
AL
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the primary bank.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 06-12 0000000 22200
22200 100 0 0
0 0 CUST 15 YR
AIR TRANS
06-11 00-00 NET 30 5400 4900
97 0 1 0 2
CUST 14 YR
BLDG MATRL 07-02 06-11 NET 30 10600
0 0 0
0 0 0
BLDG MATRL 07-02 07-03 VARIED 43700
100 83 17
0 0 0 CUST 1 YR
BLDG MATRL 06-12 00-00 VARIED 95000
0 0 0
0 0 0
BLDG MATRL 07-02 07-02 VARIED 2100
500 100 0 0
0 0 CUST 10 YR
BLDG MATRL 07-01 00-00 2/10PRX 800 0
0 0 0 0 0
BLDG MATRL 07-01 00-00 CREDIT 10000
0 0 0
0 0 0
BUREAU
07-01 07-01 NET30 400 200
82 18 0 0 0
CUST 3 YR
BUS SERVCS 07-02 00-00 NET 7 9000
9000 100 0 0
0 0
CHEMICALS
07-02 00-00 NET 30 600 100
0 0 0 0 100
COMPUTERS
07-01 04-05 CREDIT 0 0 0 0 0
0 0 ACCTCLOSED
CONSTRUCTN 07-02 07-01 NET 30 200
100 100 0 0
0 0
DISTRIBUTR 07-02 00-00 NET30 11800
5900 3 0
0 0 97
ELEC EQUIP 07-02 07-02 VARIED 2500
300 100 0 0
0 0 CUST 6 YR
ELEC SUPLR 07-03 00-00 N10PRXO 234500 73200
95 5 0 0 0
EQUIPMENT
06-12 06-11 NET 30 10900 900
1 0 85 14 0
EQUIPMENT
07-03 00-00 VARIED 8600 900
100 0 0 0
0 CUST 11 YR
EQUIPMENT
07-02 00-00 NET 30 0 0 0 0 0
0 0
FACTOR
07-01 00-00 NET 0
0 0 0
0 0 0 CUST 7 YR
FINCL SVCS 07-03 07-02 NET 30 5000
3600 56 44
0 0 0
FINCL SVCS 07-02 07-01 VARIED 2500
200 100 0 0
0 0 CUST 6 YR
HEATNG& A/C 07-01 00-00 NET 30 541600
19000 100 0 0
0 0
LUMBR& WOOD 07-01 06-11 NET 10 3300
800 0 49
47 0 4
MACH DISTR 07-01 03-10 1/10N30 0 0 0 0 0
0 0 CUST 3 YR
MACHINERY
07-02 07-02 NET 30 0 0 0 0 0
0 0
MED EQUIP
07-02 00-00 ROI 18500 100
0 100 0 0
0
MISC MANUF 07-01 07-02 VARIED 824700
201100 34 64
2 0 0
OFFC SUPPL 07-01 01-08 CREDIT 4100
0 0 0
0 0 0 ACCTCLOSED
OFFC SUPPL 07-01 05-03 CREDIT 10000
2600 100 0 0
0 0 ACCTCLOSED
OFFC SUPPL 07-01 03-09 CREDIT 10000
300 100 0 0
0 0 ACCTCLOSED
PACKAGING
07-01 06-12 NET 30 800 800
100 0 0 0
0 CUST 6 YR
PAINTS
07-02 06-11 1/10PRX 2600
0 0 0 0
0 0
PLUMBING
07-01 06-09 NET 30 35100 100
0 0 0 0 100
PLUMBING
07-02 07-02 NET 10 205600 29600
86 14 0 0 0
TEMP HELP
07-02 00-00 NET 7 54000 1500
0 70 30 0 0
TELECOM
07-02 00-00 NET 30 600 300 50 50
0 0 0 DISPUTE
TELECOM
07-02 00-00 NET 30 1400 800
99 1 0 0 0
DISPUTE
TRNS EQUIP 07-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 13 YR
TRUCK DLR
07-02 00-00 CONTRCT 2100
0 0 0 0 0
0
UTILITY
07-02 00-00 NET 15 400 300
66 0 33 1 0
WAREHOUSE
07-02 01-05 VARIED 0 0 0 0 0
0 0 ACCTCLOSED
WATER PROD 07-01 00-00 NET 30 193000
15700 0 0
0 0 100
WHLSE TRAD 06-12 00-00 NET 30 81500
6900 100 0 0
0 0
AUTO PARTS 05-04 05-03 NET10TH 100 100
0 100 0 0
0 CUST 1 YR
BLDG MATRL 06-02 04-05 VARIED 0
0 0 0
0 0 0 CUST 8 YR
BLDG MATRL 06-09 06-04 VARIED 44900
0 0 0 0 0
0
BLDG MATRL 04-06 00-00 0 0 0 0
0 0 0
BLDG MATRL 06-09 00-00 N15PRXO 101900 86300
69 31 0 0 0
CELLUL/PAG 04-05 04-04 NET 30 0
0 0 0
0 0 0 CUST 5 YR
CELLUL/PAG 04-06 04-04 NET 30 200
0 0 0
0 0 0 CUST 2 YR
COMMUN EQP 04-06 00-00 NET 30 100
0 0 0
0 0 0
COMMUN SVC 05-01 00-00 NET 20 0
0 0 0
0 0 0
COMPUTERS
06-06 06-05 0000000 9300
8500 0 2
97 1 0
CONSTRUCTN 06-07 06-05 N15PRXO 203300 0
0 0 0 0 0
CONST MACH 05-01 04-10 VARIED 5200
100 0 0
100 0 0 CUST
4 YR
CRED CARD
07-03 07-02 REVOLVE 6500
2700 100 0 0
0 0 CUST 11 YR
CRED CARD
07-01 07-01 N30PRXO 1200
300 100 0 0
0 0 CUST 7 YR
DISTRIBUTR 05-01 04-12 VARIED 100
100 100 0 0
0 0
ELEC EQUIP 04-03 04-02 CONTRCT 100 100
0 100 0 0
0
ELEC MFG
04-03 03-12 NET 30 1100 200
100 0 0 0 0
ELEC SUPLR 04-06 99-09 2/10N30 0 0 0 0 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 3400
0 0 0
0 0 0
FINCL SVCS 06-07 00-00 NET 20 11300
3300 100 0 0
0 0
FREIGHT
06-09 06-08 VARIED 52200 12900
100 0 0 0
0
FRGHT FWRD 06-10 06-10 VARIED 900
200 100 0 0
0 0
FUEL DISTR 06-02 06-02 NET 25 300
300 100 0 0
0 0 CUST 3 YR
GENERAL
05-02 99-12 NET 60 0 0 0 0 0
0 0 CUST 16 YR
INDUS SUPL 06-06 06-06 VARIED 47200
15800 100 0 0
0 0 CUST 10 YR
LEASING
04-10 04-09 N30 1500 100
0 0 100 0 0 CUST
4 YR
LUMBR& WOOD 05-02 00-00 NET 10 0
0 0 0
0 0 0
MANUFCTRNG 05-04 05-04 NET 30 12500
12500 100 0 0
0 0 CUST 1 YR
MANUFCTRNG 05-05 05-04 VARIED 2500
0 0 0
0 0 0 CUST 3 YR
MED SUPPLY 06-04 00-00 VARIED 0
0 0 0
0 0 0
MISC MANUF 06-08 00-00 VARIED 9300
0 0 0
0 0 0
NEWSPAPERS 06-05 00-00 NET 30 0
0 0 0
0 0 0
OFFC SUPPL 05-06 05-06 NET 30 400
400 100 0 0
0 0 CUST 6 YR
OFFC EQUIP 06-06 06-06 NET 30 1000
100 100 0 0
0 0 CUST 8 YR
PAINTS
04-12 00-00 VARIED 6600
6600 100 0 0
0 0
PETROLEUM
04-10 00-10 NET 30 0 0 0 0 0
0 0 CUST 6 YR
RENTALS
06-10 00-00 NET 10 2700 2700
42 56 1 1 0
SAFTY PROD 06-03 00-00 NET 30 1000
0 0
0 0 0 0 CUST
1 YR
TELECOM
05-07 05-06 NET 30 100 100
100 0 0 0
0 EXLENT ACC
TELECOM
05-08 05-06 NET 30 700 0
0 0 0 0 0
ACCTCLOSED
TELECOM
06-01 05-07 NET 30 100 0
0 0 0 0 0
CUST 14 YR
TELECOM
06-10 00-00 ROI 9300 8900
51 42 7 0 0
CUST 3 YR
UTILITY
06-10 00-00 VARIED 200 200
100 0 0 0
0
UTILITY
06-07 06-07 NET 300 100
100 0 0 0
0 PROMPT
WHLSE TRAD 04-04 00-00 VARIED 8400
7500 83 16 0 0
1
WHLSE TRAD 05-09 05-07 N10PRXO 11500 3600
1 33 1 65 0
CUST 8 YR
CURRENT QUARTER 2465100
402000 59 35
1 0 5
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200
0 6 14 411600 53 36
4 2 5
20070100
0 6 17 355600 72 10 3
6 9
20061200
0 7 17 382000 60 20
11 1 8
20061100
0 7 31 642200 37 29
1 28 5
20061000
0 6 25 500500 48 7
36 6 3
20060900
0 6 11 1263300 49 46
0 4 1
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 24 459200 52 22 4
15 7
Third
2006 14 955600 49 38 6
5 2
Second
2006 9 1437900 51 43 5 1 0
First
2006 25 1053300 49 20 4
27 0
Fourth
2005 6 601400 80 13 5
2 0
FINANCIAL INFORMATION
Ms. Kathy George stated that BL Harbert International LLC financial
information was consolidated into its parent Company, B.L. Harbert
International Group. B.L. Harbert International Group annual sales as of year
end 2005 was US$ 185 million. She deferred all other financial details
including a balance sheet and income statement.
HISTORY
Harbert International was founded in 1949 by brothers Bill and John
Harbert. The family-owned company is headed by Harbert's son, Billy Harbert
Jr., who serves as the company's president and CEO.
CURRENT OPERATIONS
NAICS Code: 23 Construction
NAICS Code: 2333 Nonresidential Building Construction
Number of Employees:
650
Business Activity:
BL Harbert International LLC, provides heavy construction services to
customers worldwide. Its services
include: pipeline, industrial and building construction. BL Harbert
International LLC's projects include: retail & commercial, institutional, hospitality & leisure, industrial & pharmaceutical, public & federal, energy, public works, international
public works.
The above address is the headquarters and sole location of the
Company. This addition, there are other
branches at the following address:
Post Office Box 531390
Birmingham, Alabama 35253-1390
Telephone: 205-802-2800
Fax: 205-802-2801
Email: Contact individuals for specific email addresses
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B.L. Harbert International - International Corporate Headquarters
1030 London Drive
Suite 400
Birmingham, Alabama 35211
Email: mainoffice@bharbert.com
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B. L. Harbert International, LLC
Ecuador Office
Manuel Tamayo # 540 y Víctor Martillo
Sector " El Edén"
Quito
Ecuador
Telephone: 593-23-281-191
Fax: 593-23-280-907
Email: robertsb@harbert.com.ec
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B. L. Harbert International Contractors, LLC
Aruba Office
L.G. Smith Boulevard 101, Noord
Aruba, Dutch Caribbean
Telephone: 011-297-865-585
Fax: 011-297-865-595
Email: eagnew@bharbert.com
PUBLIC RECORD
Filing Number: 4041370480
Filing Date: 04/13/2004
Filing Time: 9:49PM
Filing Type: ORIGINAL
Contract Type: LEASE
Filing Office: SECRETARY OF THE
COMMONWEALTH/UCC DIVISION
OLD FINANCE
BLDG CAPITOL SQUARE
RICHMOND, VA
23219
DEBTOR INFORMATION
Debtor(s): BL HARBERT
INTERNATIONAL LLC
820 SHADES
CREEK PKWY ST
BIRMINGHAM, AL
35209
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): IOS CAPITAL
1738
BASS RD
MACON, GA 31210-1043
COLLATERAL
INFORMATION
Collateral Type: LEASED BUSINESS
MACHINERY/EQUIPMENT INCLUDING PROCEEDS AND PRODUCT
Manufacturer: CANON
Model Description: CANON COLOR COPIER - 15CPM
Quantity: 1
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Filing Number: 4072672918
Filing Date: 07/26/2004
Filing Time: 10:27PM
Filing Type: ORIGINAL
Contract Type: LEASE
Filing Office: SECRETARY OF THE
COMMONWEALTH/UCC DIVISION
OLD FINANCE
BLDG CAPITOL SQUARE
RICHMOND, VA
23219
DEBTOR INFORMATION
Debtor(s): BL HARBERT
INTERNATIONAL LLC
820 SHADES
CREEK PKWY ST
BIRMINGHAM, AL
35209
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): IOS CAPITAL
1738 BASS RD
MACON, GA 31210-1043
COLLATERAL
INFORMATION
Collateral Type: LEASED BUSINESS
MACHINERY/EQUIPMENT INCLUDING PROCEEDS AND PRODUCTS
Manufacturer: RICOH
Quantity: 4
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A nationwide search of bankruptcy files revealed no bankruptcy petition
under the Subject's name.
GENERAL COMMENTS
BL Harbert International LLC, provides heavy construction services. The
Company is a large seeker of local trade credit, however, the payment history
is generally satisfactory, and there are no negative litigation taken against
the Subject. In addition, a nationwide
search of bankruptcy courts revealed no bankruptcy files.
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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%)