MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
TIRE GROUP INTERNATIONAL INC. |
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Registered Office : |
3400 Nw 74th Ave, Miami, FL 33122-1201, |
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Country : |
United States |
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Date of Incorporation : |
28.02. 1992 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Auto Parts and
Supplies |
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 160,000 |
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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 |
160,000 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: |
TIRE GROUP
INTERNATIONAL INC. |
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Address: |
3400 Nw 74th Ave, Miami, FL 33122-1201, United States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (305) 696-0096 + 1 (305) 696-5926 V17564 Florida Antonio R Gonzalez,
President |
Date founded: |
Feb 28, 1992
Corporation for Profit N.A. Employees 40 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales auto parts and supplies |
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BANKS
HAMILTON BANK
BUSINESS
Business & Operations:
Tire Group International, Inc. is a company which specializes in the trade
of tires and tubes on a worldwide basis conducting business in over 70
countries. It is headquartered in Miami, Florida with associate offices in San
Juan, Puerto Rico, Hidalgo Texas, and Leon, Mexico.
TGI, carries over 40 different brands of tires, covering the entire
spectrum of the tire industry, as well as several brands of tubes and various
lines of automotive wheels and repair products. Besides TGI's large inventory,
it also has access to literally millions of tires worldwide, ready for direct
shipment to any destination.
The main component of TGI's business is the targeted distribution of
these products to distributors, retailers and end-users all over the world.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Antonio R Gonzalez,
President,
Joachim Gonzalez, Chief Operating Officer.
They are also the main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Tire Group International 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 |
4,800,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2007 by Cooper Tire & Rubber
Company securing Accounts Receivable. Amount :NA
2 UCC Security Filings in
2007 by Greater Bay Bank 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.
The last annual report was filed in January 25, 2008.
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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
160,000 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%)