MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAVID
C POOLE COMPANY, INC. |
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Registered Office : |
7 B Cleveland Court, Greenville, SC
29607 |
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Country : |
United States |
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Date of Incorporation : |
30.07.1973 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Nondurable
Goods. |
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 250,000 |
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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 |
250,000 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: |
David C Poole Company,
Inc. |
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Address: |
7 B Cleveland
Court, Greenville,
SC 29607, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (864) 271-9935 + 1 (864) 232-9416 325617 South Carolina David C Poole, President |
Date founded: |
July 30,
1973
N.A. N.A. 33
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales nondurable goods. |
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BANKS
Wachovia
BUSINESS
Operations & Business:
David C. Poole Company, Inc. is a distributor of synthetic staple
fibers, such as polyester, rayon, and polypropylene.
Poole Company is also a major supplier for pet bottle grade resins. Both staple fibers and pet resins are
supplied to domestic as well as international markets by direct sale or
international agents.
Poole Company has a technical support group with a diversity of
experience in fiber and PET resin manufacturing, monofilament and multifilament
yarn manufacturing, as well as in textile processing for both spun yarn
processes and non-woven applications.
David C. Poole Company receives, inspects and segregates fibers into groups
that are designed to comply with customer's manufacturing operations and meet
their end product specifications, with continuity.
The management of Poole Company is composed of managers and executives
each having a background with major producers of synthetic fibers, polymers,
and textile yarns and fabrics.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
David C. Poole, President.
He is one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, David
C Poole Company, 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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7,560,000 |
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Operating
Profit |
75,000 |
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Net
Income |
62,000 |
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Net
Worth |
100,000 |
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Liabilities |
57,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
4 UCC Filings in 2007 by
Branch Banking & Trust securing Inventory & Equipment. Amount:NA
RATING
Local credit bureau gave a
good 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 43
days basis.
Cash is good.
Our final opinion:
This is a small company
working worldwide.
This company is well
established.
A credit line can be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Low Controlled Good |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
250,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)