MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TGI SYSTEMS CORPORATION |
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Registered Office : |
188 North Wells Street, Suite 202 Chicago, IL 60609 |
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Country : |
United States |
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Date of Incorporation : |
04.02..2005 |
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Com. Reg. No.: |
63971502 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Providing a full complement of services in need of Branding and Decor
Solutions. |
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
TGI SYSTEMS CORPORATION
Company acronym: --
Contact Information
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Address |
188 North Wells Street, Suite 202 Chicago, IL 60609 USA |
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Telephone |
312-977-1800 |
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Fax |
312-977-1092 |
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Website |
www.worldwidetgi.com |
Registration Data
|
Date of Registration |
February 4, 2005 |
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Registration number |
63971502 |
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Legal address |
188 North Wells Street, Suite 202 Chicago, IL 60609 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Patrick VENDRELY |
50+ |
Board/Executive
|
Name |
Patrick VENDRELY |
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Position within the company |
President & CEO |
He is graduated from
Goshen College, 1985.
Changes in
Registration Data
Name changed from TGI
ACQUISITIONS CORPORATION on November 22nd, 2005.
Activities (realistic
and officials)
Since its foundation in 1997, TGI Systems has catered to an
ever-expanding market, providing a full complement of services to clients in
need of branding and decor solutions.
From its headquarters in Chicago, TGI Systems has managed signage
projects for customers across the U.S. and in more than twenty countries
worldwide. TGI Systems' clientele includes corporations, agencies, professional
teams, stadium owners, and event rights' holders.
Although our history has been deeply rooted in the sport of soccer -
serving the needs of U.S. Soccer, Major League Soccer, Soccer United Marketing,
CONCACAF and FIFA - TGI Systems counts ice hockey, rugby, lacrosse, tennis,
basketball and baseball as some of its most intriguing customers. In addition,
we have supported advertising and marketing firms in the development and
implementation of décor projects for several multi-national corporations.
Staff
|
Number of staff employed |
16 |
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 |
Central and South America |
Facilities
|
Rented |
Office |
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Premises Size |
1,200 sq. feet |
Bankers
|
Bank |
MIDWEST BANK AND TRUST COMPANY |
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Address |
1001 Johnson Parkway, Buffalo Grove, IL
60089 |
Suppliers,
Partners
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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
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Source |
Bank |
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Figures are |
Estimate |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
7,000,000= |
Reporter Comments
|
Comments |
The Company maintains a regular business. |
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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 5 days
beyond terms. |
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MAX CREDIT |
USD 150,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 150,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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%)