MIRA
INFORM REPORT
|
Report Date : |
03.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CHROMATECH
INC. |
|
|
|
|
Registered Office : |
7723 Market Drive, Canton, MI
48187 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
20.05.1986 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Manufactures Crudes
Intermediate Dyes and Wholesales Paints |
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 |
|
Maximum Credit Limit : |
USD 40,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
REQUIRED CREDIT |
ADVISED CREDIT |
|
MAXIMUM |
40,000 USD |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
|
Company Name: |
Chromatech Inc. |
||
|
Address: |
7723 Market
Drive, Canton, MI 48187, USA |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (734) 451-1230 + 1 (734) 451-8552 142123 Michigan Roy Perlove, President |
Date founded: |
May 20, 1986
Corporation for Profit N.A. N.A. 20
employees |
|
Legal form: |
|||
|
Stock: Value: |
|||
|
Staff: |
|||
|
Business: |
Manufactures crudes intermediate dyes and wholesales paints |
||
BANKS
National City Bank
Greater Bay Bank
BUSINESS
Business & Operations:
Chromatech Incorporated is headquartered in Canton, Michigan, with sales
offices in Muncie, Indiana and Irvine, California and warehouses in Michigan and
California. Globally registered colorants are available.
The company is focusing its action on:
-Easy use of liquid format,
-High quality colorants,
-Professional support staff,
-Prompt shipping.
They comply with the requirements of the strictest quality and
environmental standard: the ISO 14000. Nearly all of their dyes, colorants and
pigments are non-hazardous, non-toxic and environmentally friendly.
The company is related to Chromatech Europe, B.V. headquartered in Honselersdijk
(Netherlands).
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Roy Perlove, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Chromatech Inc. does not publish any financials.
However our source provide us with the following information :
|
Fiscal Year USD |
12/31/2007 |
|
||
|
Turnover
|
1,900,000 |
||
LEGALS
0 Suits
0 Judgments
1 Lien in 2008 by CA Franchise
Tax Board. Reason State Tax Amount $1,035
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 by
National City Bank securing Inventory.
Amount: NA
1 UCC Filing in 2006 by
Greater Bay Bank securing Equipment.
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 only that all
local and federal taxes were paid on due date.
Payments are made on a
regular basis.
The cash is correct.
Our final opinion:
This is a small business
working in worldwide.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above Regular |
ADVISED
CREDIT
40,000 USD
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.96 |
|
UK Pound |
1 |
Rs.83.91 |
|
Euro |
1 |
Rs.66.36 |
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 |
|
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%)