MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL BAG & BURLAP CO |
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Registered Office : |
5601 N Logan Street, Denver, CO
80216 |
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Country : |
United States |
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Date of Incorporation : |
01.02.1980 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales and
Manufactures Paper and Textile Goods. |
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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Maximum Credit Limit : |
USD 45,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
45,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
CENTRAL BAG & BURLAP CO. Dba International Polytrading; AAA-1 Bag Company. |
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Address: |
5601 N Logan
Street, Denver, CO 80216, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (303) 297-9955 + 1 (303) 297-9960 19871388763 Colorado Elly Zussman, President |
Date founded: |
01/02/1980
Corporation for Profit N.A. N.A. 9 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales and manufactures paper and textile goods. |
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BANKS
Bank of America
BUSINESS
Business & Operations:
Central Bag & Burlap Co. also does business as International Polytrading; AAA-1 Bag Company.
Central Bag & Burlap Co. is a private company located in Denver,
Colorado. International Polytrading's line of business is wholesaler manufactures paper and textile goods.
Industry Overview:
About 4,000 companies manufacture paper products in the US, with combined
annual product revenue of $160 billion. Large companies include International
Paper, Kimberly-Clark, Georgia-Pacific, Avery Dennison, and MeadWestvaco. The
industry is only moderately concentrated as a whole, but is highly concentrated
in specific product segments, where the largest 50 companies often hold close
to 70 percent of the market. A typical manufacturer of paper products has 150
employees, a single plant, and $40 million of annual sales.
Demand is driven by general commercial activity and population growth.
The profitability of individual companies depends on efficient operations, as
products are sold mainly based on price. Big companies have advantages in
distribution and can supply large customers. There are few economies of scale
in manufacturing; large and small producers operate the same kinds of
plants--large producers just have more of them. Small companies can compete
successfully by making specialty products or serving a small geographical
market. The industry is capital-intensive: average annual revenue per worker is
close to $300,000, although the figure varies by product segment.
Major product categories are paperboard containers, coated papers,
tissue products, stationery, and paper bags. Paperboard containers include
single-layer boxes and multi-layer corrugated boxes and account for about 30
percent of industry revenue. Coated papers account for 15 percent of revenue,
tissue products for 5 percent, stationery for 5 percent. Tens of thousands of
different paper products are produced, but most manufacturers concentrate on a
very limited product line.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Elly Zussman, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS AND
FORECAST
Central Bag & Burlap Co. does not
publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
2,200,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a small company
working in the US.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
45,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.00 |
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UK Pound |
1 |
Rs.82.14 |
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Euro |
1 |
Rs.65.09 |
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%)