MIRA
INFORM REPORT
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Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALLOY MACHINE WORKS INC. |
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Registered Office : |
18102 E Hardy Rd, Houston, TX 77073-3908 |
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Country : |
United States |
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Date of Incorporation : |
25.03.1998 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Stainless
Steel Well Screens and Filters |
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 175,000 |
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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 |
175,000 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: |
ALLOY MACHINE WORKS INC. |
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Address: |
18102 E Hardy
Rd, Houston, TX
77073-3908, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (281) 233-0214 + 1 (281) 233-0487 0148414400 Texas James E. Jackson,
President |
Date founded: |
March 25, 1998
Corporation for Profit N.A. N.A. 75 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures stainless steel well screens and filters |
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BANKS
Post Oak Bank
Lone Star Bank
BUSINESS
Operations & Business:
Alloy Machine Works, Inc. is a private company located in Houston, Texas.
Alloy Machine Works, Inc's line of business is manufacturer of stainless steel
well screen and filters.
Industry Overview:
The US primary metals industry includes 5,000 companies with combined annual
sales of about $140 billion. Large companies include Nucor and US Steel
(steel); Alcoa (aluminum); and Phelps Dodge (copper). The industry is highly
concentrated: the 50 largest producers hold more than 90 percent of the raw
steel market. Secondary production of products from raw steel and other metals
is also concentrated.
Demand comes largely from the manufacturers of durable goods like motor
vehicles, machinery, containers, and construction steel. The profitability of
individual companies depends largely on efficient operations, because most
products are commodities sold based on price. Big companies have large
economies of scale in production. Accordingly, most producers of secondary
products buy raw metal from the large producers. Small companies can compete by
operating efficient local mini-mills or producing specialty products. The
industry is highly automated: average annual revenue per worker is close to
$300,000.
The industry includes manufacturers and processors of steel, iron,
aluminum, copper, and specialty metals like titanium, molybdenum, and
beryllium. Steel products account for about 50 percent of the market. Companies
are involved in three major types of activities. Primary processing is the
separation of metal from ores in a furnace to produce slabs or ingots of metal.
Secondary processing involves mainly the rolling or drawing of metal slabs into
sheets, plates, foil, bars, and wire. Foundry operations produce metal shapes
by pouring molten metal into casts or molds. Some producers have fully
integrated operations, from mining raw materials to manufacturing finished
products, but most operate in just one type of activity.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
James E. Jackson,
President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Alloy Machine Works, Inc. does not publish
any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In CAD |
12/31/2007 |
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Turnover |
8,700,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
2 UCC Filings in 2007 by
Post Oak Bank securing Accounts & Proceeds. Amount: NA
2 UCC Filings in 2007 by Lone
Star Bank securing All Assets. Amount:
NA
2 UCC Filings in 2008 by
Sterling Bank securing equipment. Amount: NA
All previous UCC Filings
have been Cleared.
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 good.
Our final opinion:
This is a medium 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 |
See above Regular |
ADVISED
CREDIT
175,000 USD
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.23 |
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UK Pound |
1 |
Rs.83.88 |
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Euro |
1 |
Rs.66.41 |
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%)