MIRA INFORM REPORT
|
Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
|
Correct Name : |
THE CORPORATION TRUST COMPANY |
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|
|
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Registered Office : |
1209 Orange
Street, Wilmington, DE 19801 |
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Country : |
United States |
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Date of Incorporation : |
27.03.1907 |
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Com. Reg. No.: |
0015003 |
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Legal Form : |
Corporation –
Profit |
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|
|
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Line of Business : |
Provider of
compliance and governance workflow tools and services to corporate legal departments
and law firms. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
USD 500,000 |
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|
|
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
THE CORPORATION TRUST COMPANY
Company
acronym
CT CORPORATION SYSTEM
Contact Information
|
Address |
111 8th
Avenue, Suite 13 New York, NY 10011 USA |
|
Telephone |
212-894-8940 |
|
Fax |
212-590-9060 |
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Website |
www.ctadvantage.com |
Registration Data
|
Date of Registration |
03-27-1907 |
|
Registration number |
0015003 |
|
Legal address |
1209 Orange Street Wilmington, DE
19801- USA Ph: 302-658-7581 |
|
Legal Form |
Corporation – Profit |
|
Share Capital |
1,500 shares
common, no par value |
|
Other Registration
Data |
- |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Wolters Kluwer Financial Services Inc. 2700 Lake Cook Road Riverwoods, IL 60015 |
100 |
Board/Executive
|
Name |
Gene LANDOE |
|
Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
CT Corporation System
is the company that works for you. Having pioneered the corporate legal
services industry in 1892, CT Corporation, a Wolters Kluwer company, is a
provider of compliance and governance workflow tools and services to corporate
legal departments and law firms. CT helps corporate legal professionals more
efficiently manage corporate compliance, governance, and litigation workflows,
and implement cost controls in collaboration with the law firms that serve
them. The company s services and intelligent workflow tools help its customers
to complete essential compliance and governance activities including corporate
management and SEC reporting, annual report filing, other business entity and
UCC filings and equity compensation plan management. Through its recent
acquisition of TyMetrix, the corporation also provides matter management and
e-billing tools and services.
Staff
|
Number of staff employed |
1,563 |
Facilities
|
Rented |
Office |
|
Premises Size |
5,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
Wolters Kluwer Financial Services Inc. |
Branches
|
Address |
Numerous branches
in the U.S. |
Bankers
|
Bank |
Bank of America Citibank … |
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 |
135,300,000= |
Reporter Comments
|
Comments |
The report was controlled with the marketing assistant.. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low
Trade Risk and to be fair. According to our
credit analysts, during the last 6 months, 96% of trade experience indicates
a regular payment. Payments of
imports are currently made on terms. |
|
MAX CREDIT |
USD 500,000= |
|
CREDIT
REQUIRED |
MAXIMUM
CREDIT |
|
Maximum |
USD 500,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
|
UK Pound |
1 |
Rs.73.03 |
|
Euro |
1 |
Rs.63.14 |
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 |
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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 |
|
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%)