MIRA
INFORM REPORT
|
Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HOPE HAVEN, INCORPORATED |
|
|
|
|
Registered Office : |
1800 19th St,
Rock Valley, IA 51247-1037 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
28.04.1965 |
|
|
|
|
Legal Form : |
Corporation for profit |
|
|
|
|
Line of Business : |
Job Training and Related Services |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
|
Company name: |
HOPE
HAVEN, INCORPORATED Dba Parkview Industries; Double H H Manufacturing; Hope
Haven International Minis |
||
|
Address: |
1800 19th St, Rock Valley, IA
51247-1037, United
States |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (712) 476-2737 + 1 (712) 476-3110 58699 Iowa David Vanningen, President |
Date founded: |
April 28, 1965 Corporation for profit N.A. 500 employees |
|
Legal form: |
|||
|
Stock: |
|||
|
Staff: |
|||
|
Business: |
Job training and
related services |
||
BANKS
U.S. BANK NATIONAL ASSOCIATION
BUSINESS
Operations &
Business:
Hope Haven Incorporated also does business as Parkview Industries;
Double H H Manufacturing; Hope Haven International Minis.
Hope Haven Incorporated is a private company headquartered in Rock
Valley, Iowa. Parkview Industries's line of business is job training and
related services.
Industry Overview:
The education and training services industry includes about 45,000
companies and 300,000 self-employed individuals with combined annual revenue of
nearly $30 billion. Major companies include Kaplan; Career Education
Corporation (CEC); ITT Technical Service; and Sylvan Learning. The industry is
highly fragmented: depending on the segment, the 50 largest companies represent
only 15 to 40 percent of total revenue.
Education and training services is a broad category that encompasses
job-specific certification; professional training; and classes emphasizing
self-fulfillment, leisure, and hobbies. Many of the industry’s programs,
classes, and training services fall under the category of Career and Technical
Education (CTE), historically known as vocational education, or "vo-tech.”
High schools, community colleges, universities, and educational support
services aren't included in this industry.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company is:
David Vanningen, President.
He is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Hope Haven Incorporated does not publish any
financial statement.
However
our financial sources could provide us with the following information:
|
Fiscal Year In USD |
12/31/2007 |
|
Turnover |
21,241,713 |
There is no legal filling listed with the District Court.
There is 1 active UCC file listed with the Secretary of State of Iowa.
Filing Number: X044546
Filing Date: 03-09-2005
Filing Expiration Date:
03-09-2010
Filing Location: SECRETARY OF
STATE/UCC DIVISION
STATE HOUSE
DES MOINES IA 50319
Filing Type: ORIGINAL
--------------------------------------------------------------------------------
Debtor: HOPE HAVEN, INCORPORATED
Address: 1800 19TH STREET
ROCK VALLEY IA 51247
Secured Party: U.S. BANK NATIONAL ASSOCIATION
Address: 400 CITY CENTER
OSHKOSH WI 54901
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.
-
The cash flow is correct.
-
Payments are made on a regular basis.
Our final opinion:
This is a large company working in the US.
A credit line may be considered.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above regular |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)