MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL PURCHASING LLC |
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Registered Office : |
3491 Mission Oaks Blvd,
Camarillo, CA 93011 |
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Country : |
United States |
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Date of Incorporation : |
1968 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Offer Tools and Equipment Items |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
CENTRAL PURCHASING LLC
Address
3491 Mission Oaks Blvd, Camarillo, CA 93011 – USA
Telephone : 805-388-1000
Fax : 805-445-4925
Website : www.harborfreight.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
200418410022 California LLC 06-30-2004 - - CEO: Eric SMIDT |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
Business started in 1968. The Company is better
known as HARBOR FREIGHT TOOLS. Harbor Freight Tools offers more than 7,000 tools and equipment items,
including products marketed under such brands as Central Machinery, Chicago
Electric, DeWalt, Makita, Pittsburgh, and
Stanley. The company also sells via the Internet and through a network of more than 280 retail stores in
more than 40 states. The company supplies automotive components, outdoor products, shop
equipment, and hand, air and power tools. It also has tools for metalworking,
welding and woodworking. 1,600 |
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Operations & branches: |
At above address, we find
a large showroom, warehouse and office, owned. The company maintains 280
retails store in the United States, including the one located: 1440 3rd Street,
Oxnard, CA 9300 Ph: 805-385-5100 |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Alan SMIDT is the
Chairman. Eric SMIDT is the
President and CEO. Bob GLICKMAN is the CFO. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, an
Officer controlled the present report.
Sales declared for year
ending July 2007 is USD 278,900,000=
The business is profitable.
Banks
Wells Fargo Bank
Bank of America
…
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
There are numerous UCC
files. |
MARKET
ANALYSIS & FORECAST
The industry is driven mainly by residential real estate construction
and renovation. Large chains have
expanded rapidly in recent years by focusing on the home improvement
market, with contractor sales as a
sideline.
US residential construction spending, a driver of demand for building
material supplies, fell 20.9 percent in January 2008 compared to January 2007.
Experts cite declining availability of loans and slowing demand throughout the
economy as key reasons for the decline.
Fears of a possible recession may lead to further declines in
residential construction spending.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 88% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 15 to 20 days
beyond terms.
The Company is improving
its payments, but the cash is low, due to high inventories and bad conditions
of the market.
The banks and financial
institutions confirmed a low account but the Company remains strong.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)