MIRA
INFORM REPORT
|
Report Date : |
01.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LADDS CORPORATION |
|
|
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Registered Office : |
516 North Charles Street, Baltimore, MD 21201 |
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|
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Country : |
United States |
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|
|
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Date of Incorporation : |
27.06.1986 |
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|
|
|
Legal Form : |
Corporation – Profit |
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|
|
|
Line of Business : |
Manufacturer and Wholesaler of Linens (towels, sponge, pads, Tshirts,
boxers, uniforms…) |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 30,000 |
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|
|
|
Status : |
Small Company |
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|
|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Credit Report
Company Name: LADDS CORPORATION
Company acronym:
--
Contact Information
|
Address |
12670 Jebbia Lane Stafford, TX 77477 USA |
|
Telephone |
281-495-5200 |
|
Fax |
281-495-5212 |
|
Website |
www.laddscorp.com |
Registration Data
|
Date of Registration |
06-27-1986 |
|
Registration number |
Maryland |
|
Legal address |
Maryland Corporation 516 North Charles Street, Baltimore, MD 21201 - USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Private |
100 |
Board/Executive
|
Name |
Noorali HUSSEIN |
|
Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Manufacture and wholesale linens (towels, sponge, pads, Tshirts, boxers,
uniforms…)
Staff
|
Number of staff employed |
100 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe, Far East |
|
Exports To |
- |
Facilities
|
Owned |
Manufacture, warehouse and office |
|
Premises Size |
20,000 sq. feet |
Branches
|
Address |
Manufacture 3930 Westholme Drive, Houston Texas 77063 |
Bankers
|
Bank |
Metrobank |
|
Address |
9600 Bellaire Bank, Houston, TX 77036 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Declared |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
1,300,000= |
Reporter Comments
|
Comments |
No information could be
obtained from the Company. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 86% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 to
15 days beyond terms. |
|
MAX CREDIT |
USD 30,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 30,000= |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.09 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.63.48 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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. |
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 |
|
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%)