MIRA
INFORM REPORT
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Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
A & I PRODUCTS, INC. |
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Registered Office : |
1020 22nd Avenue Rock Valley, IA 51247 |
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Country : |
United States |
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Date of Incorporation : |
01.10.1987 |
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Legal Form : |
Company for Profit |
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Line of Business : |
Manufactures and
Wholesales Farm and Garden Machinery. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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 Satisfying |
IDENTIFICATION
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Company Name: |
A & I Products, Inc. |
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Address:
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1020 22nd
Avenue Rock Valley,
IA 51247 USA |
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Phone: Facsimile: ID: State: Managers: |
712-476-5119 NA 117204 Iowa Anden Van Beek, President |
Date founded: |
October 1, 1987
Company for Profit N.A. N.A. Employees: 270 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures &
Wholesales Farm & Garden Machinery. |
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BANK
- American State Bank.
BUSINESS
Operations:
At the above address, we find the offices of the company A & I
Products, Inc.
Activity:
A & I Products manufactures and wholesales farm and garden
machinery.
The company also offers Tractors equipment and parts.
It supplies the US market.
Business
Overview:
The output of US motor vehicle parts manufacturing is forecast to grow
at an annual compounded rate of 5.4 percent between 2007 and 2012.
Demand for auto parts is driven by new car sales, which are strongly
affected by interest rates, and by the replacement market. The profitability of
a company in the industry depends partly on how difficult it is to manufacture
its products and partly on the volume of demand, since many costs are fixed.
Small companies can compete successfully with large ones by focusing on a small
number of products, or some highly technical ones.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Anden Van Beek, President.
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
A & I Products does not publish any
financials.
However,
our financial sources could provide us with the following figures:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
70,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007
by Productivity Inc securing Equipment. Amount: NA
1 UCC Filing by IBMN
Credit LLC securing Equipment.
Amount:NA
All previous UCC
filings have been cleared
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
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.
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The cash is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a small company working primarily on the US market.
We estimate that the company does not present any risk.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Sufficient Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
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%)