MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AIR ROUTING
INTERNATIONAL |
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Registered Office : |
2925 Briarpark Drive, Suite 710 Houston, TX 77042 |
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Country : |
United States |
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Date of Incorporation : |
02.06. 2002 |
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Com. Reg. No.: |
0800089467 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Corporate Flight Operations for Domestic and International Trips |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
AIR ROUTING INTERNATIONAL
Company acronym:
--
Contact Information
|
Address |
2925 Briarpark Drive, Suite 710 Houston, TX 77042 USA |
|
Telephone |
713-430-7200 |
|
Fax |
713-430-7016 |
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Website |
www.ar-group.com |
Registration Data
|
Date of Registration |
June 2nd, 2002 |
|
Registration number |
0800089467 |
|
Legal address |
2925 Briarpark Drive, Suite 710 Houston, TX 77042 USA |
|
Legal Form |
Limited Partnership |
|
Share Capital |
- |
|
Other Registration Data |
- |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
AR-GROUP INC. 2925 Briarpark Drive, Suite 710 Houston, TX 77042 |
100 |
Board/Executive
|
Name |
Thomas J. BALOUSEK |
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Position within the company |
President & CEO |
|
Name |
Richard AGEE |
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Position within the company |
CFO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Air Routing International, a subsidiary of the Air Routing Group (AR
GROUP INC.), handles corporate flight operations for domestic and international
trips. The company offers a range of services, such as diplomatic clearances,
overflight and landing permits, flight planning and filing, weather briefs and
warnings, ground services and customs assistance. In addition, the company
operates various Global credit facilities worldwide. It offers flight following
and tracking fuel arrangement and hotel reservation services. The company
offers charter and leasing services for a variety of commercial aircrafts,
boats, helicopters and vehicles. In addition, the company provides Tickets for
various sporting events. It offers visa services as per its clients requirements.
Air Routing International additionally offers a photo identity card program
that entitles its member to discount rates at participating hotels and car
rental agencies worldwide.
Staff
|
Number of staff employed |
150 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Wordwide |
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Exports To |
Worldwide |
Facilities
|
Rented |
Office |
|
Premises Size |
3,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
AR-GROUP INC. |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
|
Address |
- |
Bankers
|
Bank |
JP Morgan Chase Bank |
|
Address |
712 Main Street, Houston, TX 77002 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation, Remarks
on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Financial Assistant |
|
Figures are |
Declared |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
10,000,000 |
Reporter Comments
|
Comments |
The present report was
controlled with a financial assistant. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days
beyond terms. |
|
MAX CREDIT |
USD 200,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 200,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)