MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RESEARCH ELECTRONICS INTERNATIONAL, L.L.C. |
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Registered Office : |
455 Security Pl, Cookeville, TN 38506-4941 |
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Country : |
United States |
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Date of Incorporation : |
30.01.1995 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures Electrical
Equipment and Supplies |
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 65,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
65,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
RESEARCH
ELECTRONICS INTERNATIONAL, L.L.C. |
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Address: |
455 Security Pl,
Cookeville, TN
38506-4941, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (931) 537-6032 + 1 (931) 537-6089 0289900 Tennessee Tom Jones, General
Manager |
Date founded: |
Jan 30 , 1995
Limited Liability Company N.A. N.A. 41 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures electrical equipment and supplies |
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BANKS
First Tennessee Bank
BUSINESS
Business & Operations:
Research Electronics International, Llc. is a private company located in
Cookeville, Tennessee. Research Electronics International, Llc's line of
business is manufacturer of electrical equipment
and supplies.
Industry Overview:
The security systems services industry in the US includes about 5,000 companies
with total annual revenue of about $10 billion. Large companies include ADT
Security Services, Brink’s Home Security, and Honeywell. The industry has
become consolidated at the top. The 20 largest companies hold more than half
the market. A typical large regional company operates four branches and has $20
million of annual revenue.
Demand is driven partly by home sales, new home construction, and new
commercial and office construction. The profitability of monitoring companies
depends on the volume of customers, as most costs are fixed. Large companies
have advantages of scale in operating monitoring centers and in national
advertising and brand recognition. Small companies often compete by selling
customer contracts to the large monitoring companies, or reselling the
monitoring companies’ services, which they buy wholesale.
Major products are the manufacture, sales, installation and monitoring
of electrical security systems. The industry consists of commercial and
residential segments, each of which uses different types of equipment and
monitoring. Most companies operate in only one segment. The commercial segment
accounts for about 60 percent of industry revenue. The main components of a
security system are door, window and motion sensors, control keypads, alarms,
and communications modules.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Tom Jones, General Manager.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Research Electronics International, Llc.
does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
3,100,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a regular
basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
ADVISED
CREDIT
65,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)