MIRA INFORM REPORT

 

 

 

Report Date :

13.12.2008

 

IDENTIFICATION DETAILS

 

Name :

GENERAL FOUNDRIES, INC.

 

 

Registered Office :

154-05 Northern Blvd, Flushing, NY 11354

 

 

Country :

United States

 

 

Date of Incorporation :

06.09.1983

 

 

Legal Form :

Corporation – Profit

 

 

Line of Business :

Manufacturer and wholesaler Gray iron, ductile iron & brass castings & miscellaneous metals Antimony, Cadmium, Non ferrous alloy, Ferrous alloy, Iron, Lead, Tin, Indium, Palladium etc

 

 

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

 

Maximum Credit Limit :

USD 120,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Company Name         

 

GENERAL FOUNDRIES, INC.

Company acronym:     --

 

 

Contact Information

 

Address

1160 State Street

Perth Amboy, NJ 08861

USA

Telephone

732-697-9000

Fax

732-376-9000

 

Registration Data

 

Date of Registration

September 6, 1983

Registration number

New York State does not issue organizational ID number

Legal address

154-05 Northern Blvd

Flushing, NY 11354

Legal Form

Corporation – Profit

 

Shareholders with Shares

 

Shareholder Names

Share%

This is a privately held and managed company.

100

 

Board/Executive

 

Name

Ms. Rita JALEN

Position within the company

President & CEO

 

 

Changes in Registration Data

 

None recorded

 

 

Activities (realistic and officials)

 

Manufacturer and wholesaler Gray iron, ductile iron & brass castings & miscellaneous metals Antimony, Cadmium, Non ferrous alloy, Ferrous alloy, Iron, Lead, Tin, Indium, Palladium, Zinc, Slag or ash, Natural graphite, Steel, Aluminum, Nickel, Bismuth, Permanent mold castings, Shell mold castings…

 

 

Staff

 

Number of staff employed

18

 

 

Export/Import

(Countries, goods and total values for the period)

 

Imports From

Far East

 

Exports To

-

 

 

 

Branches

 

Address

154-05 Northern Blvd

Flushing, NY 11354

 

 

Bankers

 

Bank

The Bank of New York

JP Morgan Chase Bank

 

 

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

 

5,400,000=

 

Reporter Comments

 

Comments

The Company is active and in good standing.

 

Local Reputation

The company being investigated is believed by local reporters to be a Medium Trade Risk and to be fair.

The market is actually slow.

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 10 to 15   days beyond terms.

 

 

MAX CREDIT

USD 120,000=

 

 

 

CREDIT REQUIRED

 

MAXIMUM CREDIT

 

Maximum

 

 

USD 120,000=

 

 

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

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions