MIRA
INFORM REPORT
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Report Date : |
01.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
AGRI PACIFIC INC. |
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Registered Office : |
9410 Harley John Road, Riverside CA 95204 |
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Country : |
United States |
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Date of Incorporation : |
02.03.1992 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Farm and
Garden Machinery. |
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 100,000 |
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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 |
100,000 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: |
Agri Pacific Inc. |
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Address: |
9960 Indiana Ave
Suite 12 Also:
9410 Harley John Road Riverside CA
95203 Riverside CA 95204 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (951) 782-7500 + 1 (951) 782-7530 C1702617 California Tobias S Sanders, President |
Date founded: |
02/03/1992
Corporation for Profit N.A. N.A. 10 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales
farm and garden machinery. |
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BANKS
Guaranty Bank of
California
BUSINESS
Operations & Business:
Agri Pacific, Inc. is a private company, located in Riverside,
California.
Agri Pacific, Inc's line of business is wholesaler of farm and garden
machinery.
Industry
Overview:
The distribution of farm and garden equipment in the US is handled by
about 1,400 wholesalers and 5,000 dealers, with combined annual revenue of $40 billion.
The typical distributor is privately held and has less than $10 million in
annual sales. The industry is fragmented: the 50 largest distributors hold
about 35 percent of the market. Only a few distributors operate more than one
location.
Demand is driven by the health of the farming sector, which is tied to
crop prices. The profitability of individual companies depends on good
merchandising and efficient operations. Large distributors have few economies
of scale but can offer customers a wider range of products. Small distributors
can compete successfully by holding exclusive territory rights to popular
products. The industry is only moderately automated: average annual sales per
employee are about $350,000.
Large manufacturers of farm equipment, like John Deere and AGCO, mainly
bypass wholesalers and sell directly to networks of local dealers.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Tobias S Sanders,
President.
He is also one of the ain
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, Agri
Pacific Inc. does not publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover
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5,082,549 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
4 UCC Filings in 2008 by
Guaranty Bank of California securing Inventory. Amount : NA
All Previous UCC 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.
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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 on the global market.
The company is pretty well established.
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 Above Regular |
ADVISED CREDIT
100,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)