MIRA INFORM REPORT

 

 

Report Date :

17.06.2008

 

IDENTIFICATION DETAILS

 

Name :

DIXIE INDUSTRIES INC

 

 

Registered Office :

3510 N Orchard Knob, Chattanooga, TN  37406

 

 

Country :

United States

 

 

Date of Incorporation :

18.02.1910

 

 

Legal Form :

Company for Profit

 

 

Line of Business :

Wholesaler of Material Handling Products.

 

 

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

 


None

 

CURRENCY

 

BRANCH SITUATION

 

USD 100  = EUR 64

 

Satisfying

 

 

IDENTIFICATION

 

 

Company Name:

 
 
Dixie Industries Inc.
 

Address: 

 

3510 N Orchard Knob,

Chattanooga, TN  37406,

USA

 

Phone:

 

Facsimile:

 

 

ID:

 

State:

 

Managers:

 

 423-698-3323

 

 423-622-3058

 

 

 0009162

 

 Tennessee

 

Loyd Bagot, President

 

Date founded:

 

 

February 18, 1910


 

Company for Profit

 

 

N.A.

 

Employees:  27

 

Legal form:

 

Stock:

 

 

Staff:

Business: 

   Wholesaler of material handling products.

 

 

BANKS

 

-          SUN TRUST BANK,

-          AMSOUTH BANK.

 

 

BUSINESS

 

Operations:

 

At the above address, we find the offices of the company Dixie Industries Inc.

 

Business:

 

Dixie Industries Inc is a wholesaler of material handling products.

 

Products include hoists, cranes, chain and forged attachments.

 

The company is the exclusive distributor of Columbus McKinnon Corporation based in New York.

 

It supplies the US market.

 

 

SHAREHOLDERS – SUBSIDIARIES – MANAGERS

 

The directors of the company are:

 

-          Loyd Bagot, President,

-          Clarence Foret, Director,

-          Joel Richardson, Director,

-          Daniel Bagot, Director.

 

 

FINANCIALS – COMMERCIAL TRENDS AND FORECAST

 

Dixie Industries does not publish any financials.

 

However, our financial sources could provide us with the following figures:

 

 

Fiscal Year

In USD

 

12/31/2007

Turnover

6,870,000

Operating profit

421,000

Net income

310,000

Net worth

1,000,000

Liabilities

400,000

 

                                                                 

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.

 

-        The cash is good.

-        Payments are made on 34 days nets.

 

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

 

 

FINANCIAL SUMMARY

 

 

DEBT COLLECTIONS AND PAYMENTS

PROFITABILITY

 

INDEBTNESS

 

CASH

 

Average

 

Controlled

 

Good

PUBLIC

 

PAYMENTS

 

 

No

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions