MIRA
INFORM REPORT
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Report Date : |
18.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRINTWARE, LLC. |
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Registered
Office : |
2935 Waters
Road #160, Saint Paul, MN 55121 |
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Country : |
United States |
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Date of
Incorporation : |
28.09. 2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business
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Manufactures Printing Machines and Equipment |
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 300,000 |
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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: |
Printware, Llc. |
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Address: |
2935 Waters
Road #160, Saint Paul,
MN 55121, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (651)
456-1400 + 1 (651) 454-3684 25106 Minnesota Stanley Goldberg, Member |
Date founded: |
Sept 28, 2001
Limited Liability Company N.A. N.A. 80
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures printing machines and equipment. |
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BANKS
Hamilton Bank
JP Morgan Chase Bank
BUSINESS
Business & Operations:
Printware, Llc. is a private company located in Saint Paul, Minessota. Printware, Llc. manufactures printing machine and equipment. The company is specialized in offering different kind d of printers with advanced settings.
Industry Overview:
The US
manufacturing sector consists of about 300,000 companies with combined annual
sales of over $4.5 trillion. Major manufacturers include GM, Ford, Boeing, GE,
IBM, Hewlett-Packard, Tyson Foods, Procter & Gamble, Pfizer, DuPont, and
Caterpillar. Although fragmented into many industries served by numerous
competitors, the manufacturing sector is concentrated at the top: the largest
50 companies produce more than 25 percent of total sales. Demand ultimately
depends on consumer spending, but changes in demand often aren't felt
immediately because most manufacturers make intermediate products.
The profitability
of individual companies depends on efficient production and distribution. Large
companies often have large economies of scale in purchasing, production, and
marketing. Small companies can compete effectively by producing specialized
products. The industry is capital-intensive and highly automated: annual
revenue per employee varies greatly due to the large variety of production
operations but averages more than $350,000.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the company are:
Tim Murphy, President,
Bill Frederick, Director of Sales Operations,
Lori Fisher, Director of Operations.
They are also among the main shareholders.
FINANCIALS – COMMERCIAL TRENDS AND FORECAST
As a private company, Printware, 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
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16,811,371 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims Reported
0 NSF Cheques Reported
5 UCC Filings in
2007 by Hamilton Bank securing Inventory.
Amount: NA
1 UCC Filing in 2007 by JP Morgan Chase Bank 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 medium Company working worldwide.
The company is pretty well established with very good sales.
A credit line may be considered.
A business connection may e conducted.
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
300,000 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%)