MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABBY FOODS, LLC |
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Registered Office : |
1900 The Exchange, Suite 385
Atlanta, GA 30339 |
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Country : |
United States |
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Date of Incorporation : |
07.07. 1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of Canned
Mushrooms |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 7,000 |
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Status : |
Small Company |
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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 |
7,000 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 100 = EUR 64 Satisfying |
IDENTIFICATION
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Company Name: |
ABBY FOODS, LLC |
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Address: |
1900
The Exchange, Suite 385 Atlanta, GA 30339 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (770) 850-1043 + 1 (770) 850-1043 K927715 Georgia Mike Bryar, President. |
Date founded: |
July 7, 1999
Limited Liability Company N.A. 2 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesaler of canned mushrooms. |
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BANK
BANK OF AMERICA
BUSINESS
Operations:
Abby Foods Llc. is a private company, located in Atlanta, Georgia. Abby
Foods Llc's line of business is wholesaler of canned mushrooms.
Business overview:
The
fruit and vegetable processing industry in the US includes about 2,000
companies with combined annual revenue of $40 billion. Large companies include
Heinz, McCain, Del Monte, JR Simplot, grower cooperatives like Ocean Spray and
Diamond, and divisions of large food companies like ConAgra and General Mills.
The industry is highly concentrated: the 50 largest companies hold more than 75
percent of the market. Smaller companies have local or regional operations that
don't require the large distribution systems of the big companies. Demand is
driven by food consumption, which depends on population growth. The
profitability of individual companies depends on efficient operations because
products are commodities subject to intense price competition. Companies compete
largely based on cost and their ability to distribute the finished product.
Large companies have advantages in distribution operations. Small companies can
compete effectively in local or regional markets.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Mike Bryar, President.
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Abby Foods 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 |
210,000 |
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Operating Profit |
25,000 |
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Net income |
16,000 |
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Net worth |
45,000 |
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Liabilities |
0 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 by
Paul J Hollenstein. Security and Amount
: NA
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 37 days basis.
Our final opinion:
This is a small company working in the US.
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 None Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
7,000 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%)