MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
FORD-ATLANTIC
FASTENER CORP. |
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Registered Office : |
P O Box 773, 339 Changebridge Road, Pine Brooke, NJ 07058 |
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Country : |
United States |
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Date of Incorporation : |
28.03.1982 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Hardware. |
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: |
Ford-Atlantic Fastener Corp. |
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Address: |
P O Box 773, 339 Changebridge
Road, Pine Brooke,
NJ 07058, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (973) 882-1191 + 1 (973) 882-3884 0100159860 New Jersey Tony
Innamarato, President |
Date founded: |
March 28, 1982
Corporation for Profit N.A. N.A. 50
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales hardware. |
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BANKS
Bank of America
BUSINESS
Operations:
Ford-Atlantic Fastener Corp
is a well-established company doing business in New Jersey.
Ford-Atlantic Fastener Corp
is a wholesaler of hardware working worldwide.
This is a medium size
company.
Industry Overview:
Demand is strongly affected
by the level of business activity. The profitability of individual companies
depends on merchandising and efficient operations. Large companies have
economies of scale in purchasing. Smaller companies can compete effectively by
offering specialty products or superior service. The industry is highly
automated: annual revenue per employee is about $600,000.
Major products include
computers, packaged software, copiers, data drives, and printers. Computers
account for 25 percent of industry revenue, packaged software for 10 percent,
copiers for 10 percent, data drives for 10 percent, and printers for 5 percent.
Other products include a large number of peripheral computer devices and
supplies, such as networking equipment, scanners, and ink cartridges.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Tony Innamarato, President,
Glenn Earhardt, Vice
President,
Jaonn Dura, Manager.
They are also among the
main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Ford-Atlantic Fastener Corp 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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3,000,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing 2007 by Toyota
Motor Credit 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.
Cash is correct.
Our final opinion:
This is a medium business
working worldwide.
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 |
Correct Controlled Correct |
PUBLIC PAYMENTS |
No Regular |
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%)