MIRA
INFORM REPORT
|
Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
CARRUTH DOGGETT INC. |
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Registered Office : |
7110 North Freeway Houston, TX 77076 |
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Country : |
United States |
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Date of Incorporation : |
15.11.1991 |
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Com. Reg. No.: |
0121177000 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Offers a wide range of Toyota Lift Trucks, such as Cushion Tire,
Pneumatic Tire, Electric Motor Rider, Electric Motor Walkie |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
CARRUTH DOGGETT INC.
Company acronym:
TOYOTALIFT
OF HOUSTON
Contact Information
|
Address |
7110 North Freeway Houston, TX 77076 USA |
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Telephone |
713-675-7000 |
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Fax |
713-675-7939 |
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Website |
www.toyotalift.com |
Registration Data
|
Date of Registration |
11-15-1991 |
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Registration number |
0121177000 |
|
Legal address |
7110 North Freeway Houston, TX 77076 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
TOYOTA MOTOR SALES USA INC. 19001 s. Western Avenue, Torrance, CA 90501 |
100 |
Toyota Motor Sales, U.S.A. was established in 1957. Its headquarters is in
Torrance, Calif., and it has regional sales offices in California, Colorado,
Illinois, Maryland, Massachusetts, Missouri, New Jersey, Ohio and Oregon.
Toyota automobiles United States sales and marketing arm, the company
oversees sales and other operations in 49 states. TMS regional offices
coordinate Toyota and Scion vehicle sales, parts and service for dealers in 10
regional areas, with two additional regions being served by private
distributors. There are 1,200-plus Toyota dealers located throughout the U.S.,
and more than 850 of them are also authorized to sell Scion vehicles. Nearly
two-thirds of all Toyota vehicles sold in the United States are built in North
America and sourced with parts from more than 400 North American suppliers.
Toyota had its best year ever in 2004 when it sold more than 2 million vehicles
in the U.S.
Board/Executive
|
Name |
William LESLIE DOGGETT |
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Position within the company |
President, Director and
Treasurer |
|
Name |
Stephen DORR |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Toyota Lift of Houston is an exclusive Toyota industrial equipment
dealership for the south Texas region. It offers a wide range of Toyota lift trucks,
such as cushion tire, pneumatic tire, electric motor rider, electric motor
walkie, hand pallet, and reach trucks and order picker trucks. It also offers
various equipment, including electric trucks, skid steer loader, telescopic
handler, telehandlers, trailer mounted, tow tractor, litter vacuum, rider
scrubbers and sweepers, and utility and tow vehicles. Additionally, it provides
storage and conveyor systems that include containers, dock equipments, racking,
shelving and plant equipments. The dealership provides a variety of services
that include rental, service and repair, maintenance, parts, mobile tire press,
fleet management, safety service and training, and finance and leasing options.
The dealership is located in Houston.
Staff
|
Number of staff employed |
107 |
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
|
Owned |
Warehouse and office |
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Premises Size |
10,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
TOYOTA MOTOR SALES USA INC. |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
|
Address |
The Company maintains branches in San Antonio, Austin, Laredo, Corpus Christi, Pharr, El Paso, all in Texas |
Bankers
|
Bank |
Us Bank Bank of America … |
Suppliers,
Partners
|
Suppliers |
Toyota - … |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
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 |
34,000,000= |
Reporter Comments
|
Comments |
The report was controlled with a financial
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, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days beyond terms. |
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MAX CREDIT |
USD 1,000,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 1,000,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.94 |
|
UK Pound |
1 |
Rs.72.07 |
|
Euro |
1 |
Rs.64.70 |
RATING
EXPLANATIONS
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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 |
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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%)