MIRA
INFORM REPORT
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Report Date : |
24.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
MIDWEST TRUCK & AUTO PARTS, INC. |
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Registered Office : |
1001 W Exchange Ave Chicago, Ill
60609 |
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Country : |
United States |
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Date of Incorporation : |
30.09. 1964 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Auto Parts. |
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 2,000,000 |
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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 |
2,000,000 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: |
MIDWEST TRUCK
& AUTO PARTS, INC. |
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Address: |
1001 W Exchange Ave Chicago, Ill
60609 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (773) 247-3400 + 1 (800) 526-4885 44645831 Illinois Mark Chudacoff, President |
Date founded: |
Sept 30, 1964
Corporation for Profit N.A. Employees 112 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesaler of Auto Parts. |
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BANK
LASALLE NATIONAL BANK
BUSINESS
Business, Operations & History:
Midwest Truck & Auto
Parts, Inc. and its divisions are wholesale suppliers of automotive aftermarket
components and assemblies.
This company has been in
business since 1946 and has strengthened its position not only in the US market
but also internationally.
The company provides a wide
range of products, such as:
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Axles,
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Gears,
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Shifters,
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Hydraulics to brake parts
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Chains to gars oil....
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
-Mark Chudacoff, President,
-Tom Antonson, Vice
President,
-Don Chudacoff, Chief
Executive Officer,
-Orlando Serna, Manager.
They are also the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Midwest Truck & Auto Parts, 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 |
73,500,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2007 by Dolphin Capital Corp
securing Equipment. Amount :NA
1 UCC Security Filing in 2005
by IBM Credit LLC securing Leased 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 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
2,000,000 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%)