MIRA
INFORM REPORT
|
Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
THE LINTERN CORPORATION |
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Registered Office : |
8685 Station Street, Mentor, OH 44060 |
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Country : |
United States |
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Date of Incorporation : |
10.06.1936 |
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Com. Reg. No.: |
167012 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Air Conditioning Industry |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
THE LINTERN CORPORATION
Company acronym: --
Contact Information
|
Address |
8685 Station Street Mentor, OH 44060 USA |
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Telephone |
440-255-9333 |
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Fax |
440-255-6427 |
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Website |
www.lintern.com |
Registration Data
|
Date of Registration |
June 10, 1936 |
|
Registration number |
167012 |
|
Legal address |
8685 Station Street Mentor, OH 44060 USA |
|
Legal Form |
Corporation - Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
This is a privately held and managed company. |
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Board/Executive
|
Name |
Richard D. K. LINTERN |
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Position within the company |
President |
|
Name |
Patricia BRYNER |
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Position within the company |
CFO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Lintern Corporation is a privately-held firm that pioneered the severe-duty
air conditioning industry over 60 years ago, and continues to lead the
industry, worldwide.
Headquartered in Mentor, Ohio, we have sales offices in the United
States and in several countries around the world. All Lintern products are
engineered to ensure efficient operation and long-term reliability in
applications subjected to intense heat, heavy dirt loading, vibration and
corrosive environments.
Staff
|
Number of staff employed |
30 |
Export/Import
(Countries,
goods and total values for the period)
|
Imports From |
Europe, Far East |
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Exports To |
- |
Facilities
|
Owned |
Manufacture, warehouse and office |
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Premises Size |
10,000 sq.feet |
Bankers
|
Bank |
Fifth Third Bank |
|
Address |
600 Superior Avenue, Cleveland, OH 44114 |
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 |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
10,243,884= |
Reporter Comments
|
Comments |
On a direct call, a
financial assistant controlled the present report. |
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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, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5
days beyond terms. |
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MAX CREDIT |
USD 250,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 250,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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 |
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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 |
|
<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%)