MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
FREUDENBERG HOUSEHOLD
PRODUCTS LP. |
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Registered Office : |
505 N Railroad Ave, Melrose Park, IL 60164-1652 |
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Country : |
United States |
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Date of Incorporation : |
12.04.1997 |
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Com. Reg. No.: |
USD 1,500,000 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Wholesaler of Household Cleaning Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1,500,000 |
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Status : |
Good |
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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 |
1,500,000 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 100 = EUR 64 Correct |
IDENTIFICATION
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Company Name: |
FREUDENBERG HOUSEHOLD PRODUCTS LP. |
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Address: |
505 N Railroad
Ave, Melrose Park, IL
60164-1652, United
States |
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Phone: Facsimile: ID: State: Managers: |
(708) 452-4100 (708) 452-4101 2828991 Delaware Ron Tillery |
Date founded: |
12/04/1997
Limited Partnership N.A. Employees: 229 |
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Legal form: |
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Stock: Staff: |
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Business: |
Wholesaler of
household cleaning products. |
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BANKS
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JP MORGAN CHASE BANK
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FIRST AMERICAN BANK
BUSINESS
Operations:
At the above address, we find the headquarters of the company
FREUDENBERG HOUSEHOLD PRODUCTS LP.
Activity:
FREUDENBERG HOUSEHOLD
PRODUCTS LP wholesales household cleaning products.
The company’s brands are Vileda, Roll-O-Matic and O-Cedar.
The company has a strong presence in grocery, hardware, drug chains,
mass merchandisers and home centers.
It works worldwide.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Mr. Ron Tillery, Managing
Partner.
Freudenberg Household
Products (FHP) is a division of The Freudenberg Group, a 150-year-old,
worldwide, privately-held company. Headquartered in Weinheim, Germany, with
operations in 43 countries, Freudenberg sales exceed $4B in a variety of
industries, from automotive and flooring to garment and homecare.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
FREUDENBERG HOUSEHOLD PRODUCTS LP 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 |
51,000,000 |
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Operating profit |
3,500,000 |
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Net income |
2,100,000 |
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Net worth |
7,000,000 |
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Liabilities |
3,000,000 |
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Current assets |
35,000,000 |
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Fixed assets |
6,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a good credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is good.
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Payments are made on 56 days nets as monitored during the past 12
months.
Our final opinion:
This is a medium size
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 |
Good Controlled Good |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
1,500,000 USD
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%)