MIRA
INFORM REPORT
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Report Date : |
24.12.2008 |
IDENTIFICATION DETAILS
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Name : |
THE LINTERN CORPORATION |
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Registered Office : |
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Country : |
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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
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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 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
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Address |
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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
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Date of Registration |
June 10, 1936 |
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Registration number |
167012 |
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Legal address |
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Legal Form |
Corporation - Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
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This is a privately held and managed company. |
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Board/Executive
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Name |
Richard D. K. LINTERN |
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Position within the company |
President |
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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
Staff
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Number of staff employed |
30 |
Export/Import
(Countries, goods
and total values for the period)
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Imports From |
Europe, |
Facilities
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Owned |
Manufacture, warehouse and office |
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Premises Size |
10,000 sq.feet |
Bankers
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Bank |
Fifth Third Bank |
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Address |
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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 |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
10,243,884= |
Reporter Comments
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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= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 250,000= |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)