MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMERICAN INTERNATIONAL CHEMICAL, INC. |
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Registered Office : |
135 Newbury Street, Framingham, MA 01701 |
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Country : |
United States |
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Date of Incorporation : |
21.08.1972 |
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Com. Reg. No.: |
042504173 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Importers, Marketers and Distributors of Chemicals |
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 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Name
AMERICAN INTERNATIONAL CHEMICAL, INC.
Company
acronym
---
Contact Information
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Address |
135 Newbury Street Framingham, MA 01701 USA |
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Telephone |
508-270-1800 |
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Fax |
508-270-1859 |
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Website |
Registration Data
|
Date of Registration |
08-21-1972 |
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Registration number |
042504173 |
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Legal address |
135 Newbury Street Framingham, MA 01701 USA |
|
Legal Form |
Corporation - Profit |
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Share Capital |
7,500 shares common, no par value |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Michael D. SCHRAGE |
50+ |
Board/Executive
|
Name |
Michael D. SCHRAGE |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
American International Chemical is one of the leading importers, marketers
and distributors of chemicals. It has been in business since 1972. AIC employs
sales force throughout the country. AIC is ISO-9001: 2000 certified and is a
member of the National Association of Chemical Distributors. AIC has
established working partnerships with many manufacturing companies worldwide to
market their products in the United States.
Some of the partners are Algry, Barker Industries, Bayer, Dabeer,
Sintefina and Solvay.
It provides services to various industries such as food, pharmaceuticals,
personal care and nutraceutical.
Staff
|
Number of staff
employed |
33 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
- |
Facilities
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Owned |
Warehouse and office |
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Premises Size |
10,000 sq. feet |
Bankers
|
Bank |
First National Bank |
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|
Fleet National Bank |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
6,600,000= |
Reporter Comments
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Comments |
The present report was controlled with a
Secretary. |
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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, 82% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 15 days
beyond terms. |
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MAX CREDIT |
USD 150,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 150,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)