MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIGMA CORPORATION |
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Registered Office : |
700 Goldman Drive Creamridge, NJ
08514 |
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Country : |
United States |
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Date of Incorporation : |
26.02. 1987 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Industrial
Supplies and Pipe Fittings. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 800,000 |
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Status : |
Good |
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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 |
800,000 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: |
SIGMA CORPORATION |
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Address: |
700 Goldman Drive Creamridge, NJ
08514 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (609) 758-0800 + 1 (609) 758-1399 0100323846 New Jersey Victor Pais, President |
Date founded: |
Feb 26, 1987
Corporation for Profit N.A. 225 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesaler of industrial
supplies and pipe fittings. |
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BANK
PNC BANK
BUSINESS
Business & Operations:
SIGMA is a New Jersey, USA Corporation, in business since 1985. SIGMA’s
core products have been Waterworks pipe fittings and accessories, in CI and DI,
as per the AWWA/ANSI standards C110/A21.10 and C153/A21.53.
The company pioneered production of these pipe fittings in China
starting in 1985 and since then They have steadily grown to be the second
largest AWWA pipe fittings supplier in USA.
As part of the consolidation of the various operating companies, the SG
Companies Inc was created as a holding company that owns SIGMA Corporation,
Russell Pipe Sales Corporation, Russell Pipe & Foundry Inc., Miland Realty
Corporation as well as the UK joint venture called SAL Limited.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Victor Pais, President.
The parent company is:
SG Companies, Inc.
700 Goldman Dr,
Cream Ridge, NJ 08514-2528,
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Sigma Corporation 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 |
25,500,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2008 & 2007 by PNC Bank securing All Assets. Amount:NA
1 UCC Security in 2007 Ares
Capital Corp securing All Assets. Amount: NA
1 UCC Security Filing in 2006
by Doosan Infracore America securing Equipment. Amount :NA
All previous 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 company working in the 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
800,000 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%)