MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
LUCY'S TIRE, INC. |
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Registered Office : |
12950 NW South River Road Miami, FL
33178 |
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Country : |
United States |
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Date of Incorporation : |
04.04. 1985 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Tires |
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: |
LUCY'S TIRE, INC. |
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Address: |
12950 NW South River Road Miami, FL
33178 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (305) 593-2028 + 1 (305) 593-2391 M13632 Florida Jose Rios, President |
Date founded: |
April 4, 1985
Corporation for Profit N.A. Employees 24 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesaler of tires |
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BANKS
OCEAN BANK
SUNTRUST BANK
BUSINESS
Business, Operations & History:
Lucy's Tire Inc is a private company located in Miami, Florida. Lucy's
Tire Inc's line of business is exports tires and tubes.
Lucy's Tire was founded in Miami Florida in April 1985. They specialize in
farm tires, industrial tires, and related products for export to Latin America
and the Carribean.
During the 1990's they have added more product lines such as:
- Light Truck
-Truck
-Passenger Tires...
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Jose Rios, President,
Lucy Rios Secretary.
The Rios family is the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Lucy’s Tire, 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 |
34,570,320 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2007 by Goodyear Tire & Rubber Company securing Inventory. Amount
:NA
1 UCC Security Filing in
2007 by Bankunited securing Vehicles. Amount NA
1 UCC Security Filing in
2006 by DeLage Landen Financial securing Euipment. 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.
The last annual report was files in March 21, 2007.
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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 small 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%)