MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARRAY HOLDINGS, INC. |
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Registered Office : |
4520 East Chandler Road Muskogee
OK 74403 |
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Country : |
United States |
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Date of Incorporation : |
19.10.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Oil Field
Products. |
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 1,000,000 |
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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 |
1,000,000 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: |
ARRAY HOLDINGS, INC. |
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Address: |
4520 East Chandler Road Muskogee
OK 74403 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (918) 682-7952 + 1 (918) 682-7904 4047620 Delaware Harry L Johnson,
President. |
Date founded: |
October 19, 2004
N.A. 125 employees |
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Legal form: |
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Stock: Staff: |
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Business: |
Wholesaler of oil field products. |
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BANK
WELLS FARGO BANK.
BUSINESS
Business, & Operations:
Array Holdings, Inc. is a private company, located in Muskogee,
Oklahoma. Array is a manufacturer and wholesaler of valves, actuators and
control systems for oil and natural gas wellheads and distribution
applications.
Array is a member of Array Holdings, a group of affiliated companies
proudly serving the domestic and international energy industry.
Array is able to manufacture or internationally source a manufacturing
capability for complete products built to their customers’ specifications and
requirements.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
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Harry L. Johnson, President
and Chief Executive Officer,
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Paula Cooper, Manager.
They are also the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Array Holdings, Inc. 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 |
39,284,213 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2007 by Wells Fargo HSBC securing All Assets. Amount:NA
1 UCC Security Filing in
2007 by Dell Financial Services securing Equipment. Amount NA
All Prior UCC Security
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.
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The cash flow is correct.
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Payments are made on a regular basis.
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 |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
1,000,000 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%)