MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
EUROPACKAGING, LLC. |
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Registered Office : |
14 Garabedian Dr, Salem, NH 03079-4245 |
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Country : |
United States |
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Date of Incorporation : |
27.06.2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures Unsupported
Plastic Film, Sheet and Wholesales of
Non-Durable Goods |
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 350,000 |
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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 |
350,000 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: |
EUROPACKAGING,
LLC. |
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Address: |
14 Garabedian
Dr, Salem, NH
03079-4245, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (603) 893-5351 + 1 (603) 893-3139 437888 New Hampshire Harj Gill, Director |
Date founded: |
June 27, 2003
Limited Liability Company N.A. 100 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufactures unsupported plastic film, sheet and wholesales of non-durable goods |
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BANKS
Lloyds TSB Bank PLC
BUSINESS
Operations & Operations:
Europackaging Llc. is a private company located in Salem, New Hampshire.
Europackaging Llc's line of business is manufacturing unsupported plastic film,
sheet and wholesaler of nondurable goods.
Industry Overview:
Demand is driven by general commercial activity and population growth. The
profitability of individual companies depends on efficient operations, as
products are sold mainly based on price. Big companies have advantages in
distribution and can supply large customers.
There are few economies of scale in manufacturing; large and small
producers operate the same kinds of plants--large producers just have more of
them. Small companies can compete successfully by making specialty products or
serving a small geographical market. The industry is capital-intensive: average
annual revenue per worker is close to $300,000, although the figure.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Harj Gill, Director,
Arnold Raffel, Director,
Darcy Anderson, Purchasing
department,
Other Frank Lawson,
Director of sales.
The parent company is EP
USA Ltd.
EP USA Ltd.
Birmingham
United Kingdom
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Europackaging Llc. 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 |
29,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2006 by
Lloyds TSBbBank TSB securing All Assets. 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 correct.
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 |
None Regular |
ADVISED
CREDIT
350,000 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%)