MIRA
INFORM REPORT
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Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHURCH ENERGY SERVICES
LTD |
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Registered Office : |
2810 Washington Drive Houston, TX 77038 |
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Country : |
United States |
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Date of Incorporation : |
08.01.2002 |
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Com. Reg. No.: |
0800044668 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures Oil Field Equipment and Machinery |
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 50,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
CHURCH ENERGY SERVICES LTD
Company acronym:
--
Contact Information
|
Address |
2810 Washington
Drive Houston, TX
77038 USA |
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Telephone |
281-931-1400 |
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Fax |
281-931-8700 |
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Website |
www.church-energy.com |
Registration Data
|
Date of Registration |
January 8, 2002 |
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Registration number |
0800044668 |
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Legal address |
2810 Washington Drive Houston, TX 77038 USA |
|
Legal Form |
Corporation – Profit |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Daniel CHURCH |
n/a |
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Richard CHURCH |
n/a |
Board/Executive
|
Name |
Daniel CHURCH |
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Position within the company |
Director |
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Name |
Richard CHURCH |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Manufactures oil field equipment & machinery Well measurement and logging equipment, Fixturing and test equipment, Perforating
equipment, Well testing equipment, Slickline equipment, Production systems
equipment, Coiled tubing equipment, Seismic equipment, Oil country tubular
goods, Drilling and workover rigs and equipment.
(Brochure on attachment)
Staff
|
Number of staff employed |
25 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
Europe, South America |
Facilities
|
Rented |
Manufacture, warehouse and office |
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Premises Size |
10,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Sister company |
CHURCH ENERGY LLC Incorporated in Texas on November 26, 2001 ID# 0800030020 |
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Branches
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Address |
- |
Bankers
|
Bank |
Allied Houston Bank, Houston, TX |
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Bank |
Partners Bank of Texas, Houston, TX |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Allied Houston Bank |
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Figures are |
Estimate |
|
Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
2,000,000 |
Reporter Comments
|
Comments |
On a direct call, nobody was available to answer
our questions. |
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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 5 days
beyond terms. |
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MAX CREDIT |
USD 50,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 50,000= |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
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%)