MIRA
INFORM REPORT
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Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHIEF INDUSTRIES, INC. |
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Registered Office : |
The Corporation Trust Company 1209 Orange Street, Wilmington, DE 19801 |
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Country : |
United States |
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Date of Incorporation : |
18.04.1972 |
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Com. Reg. No.: |
Delaware 0785128 |
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Legal Form : |
The Corporation Trust Company |
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Line of Business : |
Fabrication and Sale of Steel Products, the Manufacture and Distribution of Factory-Built Homes and Recreational Vehicles and the production and Sale of Ethanol |
RATING &
COMMENTS
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MIRAs Rating : |
Ba |
|
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 2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
CHIEF INDUSTRIES, INC.
Company acronym:
Contact Information
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Address |
3942 West Old Highway 30 USA |
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Telephone |
308-389-7200 |
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Fax |
308-389-7221 |
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Website |
www.chiefind.com |
Registration Data
|
Date of Registration |
09-18-1972 |
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Registration number |
Delaware 0785128 |
|
Legal address |
The Corporation Trust Company 1209 Orange Street, Wilmington, DE 19801 - USA |
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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% |
|
Private |
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Board/Executive
|
Name |
Robert G. EIHUSEN |
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Position within the company |
President and CEO |
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Name |
Linda BERNEY |
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Position within the company |
Director and Treasurer |
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Name |
D.J. EIHUSEN |
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Position within the company |
Director and Secretary |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Chief Industries, Inc. founded in 1954, is engaged in the fabrication
and sale of steel products, the manufacture and distribution of factory-built
homes and recreational vehicles and the production and sale of ethanol. The
steel fabrication business includes the manufacture and distribution of grain
drying and storage bins, bin accessories, crop-drying fans, heaters, aeration
systems, correctional products, pre-engineered commercial and agricultural
buildings, wastewater treatment systems, electronic display signage and
intermodal chassis. In addition, the company is a contract carrier subsidiary
and has two general contractor construction divisions.
Staff
|
Number of staff employed |
1,645 |
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 |
- |
Facilities
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Owned |
Manufacture, warehouse and office |
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Premises Size |
50,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
- |
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Subsidiaries |
Arrowhead
Steel Fabricators |
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Affiliates |
- |
Branches
|
Address |
Manufacturing, distribution, and engineering facilities are located in
Grand Island, Aurora, Kearney, Hastings, Omaha, Ogallala, Lincoln, Nebraska;
Rensselaer, Indiana; Fort Dodge, Iowa; Janesville, Wisconsin; Maldon, Essex,
England and Rousies, France. |
Bankers
|
Bank |
Bank One |
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 |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
184,800,000 |
Reporter Comments
|
Comments |
No complementary information could be obtained
from the Company |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 89% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to 10 days beyond terms. |
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MAX CREDIT |
USD 2,000,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 2,000,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
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 SCs 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%)