MIRA INFORM REPORT
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Report Date : |
14.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAVIS-STANDARD LLC. |
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Registered Office : |
46 North First Street, Fulton, NY 13069 |
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Country : |
United States |
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Date of Incorporation : |
31.03.2005 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of Paper Converting 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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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: |
DAVIS-STANDARD,
LLC. Dba BLACK CLAWSON CONVERTING MACHINERY, INC. |
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Address: |
46 North First Street, Fulton, NY
13069, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (315) 598-7121 + 1 (315) 593-0396 3948066 Delaware Mark Panozzo, Director |
Date founded: |
03/31/2005
N.A. N.A. 115
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufacturer of
paper converting machinery. |
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BANKS
Chase Bank
Bank of America
BUSINESS
Business &
Operations:
At the above address
we find the office of the company DAVIS-STANDARD, LLC.
The company also
does business as BLACK CLAWSON CONVERTING MACHINERY, INC.
Davis-Standard, LLC is working in the design, development and
manufacturing of extrusion systems, feedscrews, barrels and process controls
for the flexible web converting, plastics processing and rubber industries.
The company manufactures extruders and extrusion processing equipment
for blown film, blow molding, cast film, compounding and pelletizing,
elastomer, extrusion coating and laminating, fiber, laboratory, pipe, profile
and tubing, reclaim, sheet, wire and cable, and wood fiber applications.
The company and its parent company, Davis-Standard Corporation are working worldwide.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
One of the company’s
director is:
Mark Panozzo, Director
The parent company is:
Davis-Standard Corporation
1 Extrusion Dr,
Pawcatuck, CT 06379-2313,
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, DAVIS-STANDARD,
LLC. 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 |
26,700,000 |
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Operating Profit |
3,800,000 |
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Net Income |
3,100,000 |
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Net Worth |
5,000,000 |
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Liabilities |
6,000,000 |
There is no active UCC file
listed in the state of Delaware for the requested.
There are several UCC for
the parent company.
No legal file was found.
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 35
days basis.
The cash is correct.
Our final opinion:
This is a medium business
working worldwide.
The company is well established
and its parent company is a big group.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Sufficient Controlled Correct |
PUBLIC PAYMENTS |
No Regular |
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ADVISED CREDIT |
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800,000 USD |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)