MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Correct Name : |
S&S INTERNATIONAL PRODUCTS & MANUFACTURING, INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1992 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Auto Parts Supplies
Business and Consulting Services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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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: |
S&S INTERNATIONAL PRODUCTS & MANUFACTURING, INC. |
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Address: |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (201) 784-0021 + 1 (201) 784-3881 0100486561 Shashi Malhotra, President |
Date founded: |
1992
Corporation for Profit N.A. N.A. 5 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesaler of auto parts supplies
business and consulting services. |
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Dear Client,
Your request was on:
World Wide Auto Parts Llc.
We did find two registration numbers in the
secretary of state of
WORLD WIDE AUTO PARTS, INC. 0100254076
WORLDWIDE AUTO PARTS INC. 0400059463
Nevertheless at the address provided, our source
indicated the following registered company:
S&S INTERNATIONAL PRODUCTS & MANUFACTURING,
INC. 0100486561
We tried to call the company to establish a link
between the two businesses but we reached an answering machine.
We are doing the report on the last company cited.
BANKS
Bank of
BUSINESS
Business & Operations:
S & S International Products & Manufacturing Inc. is a private
company, located in
S & S International Products & Manufacturing Inc's
line of business is wholesaler of auto parts, supplies business and consulting
services.
Industry Overview:
The wholesale and retail auto parts industry includes approximately
45,000 companies with combined annual revenue of $135 billion. Top companies
include Genuine Parts, AutoZone, Advance Auto Parts, CSK Auto, and The Pep
Boys, all with annual sales over $1 billion. About 25 wholesalers and 40
retailers each have annual sales over $100 million. Many large firms operate
both wholesale distribution centers and retail stores.
The industry is concentrated at the top: the 50 largest wholesalers hold
over 50 percent of the wholesale segment. The retail segment is a bit less
concentrated, with the top 50 companies holding about 40 percent of the
segment. The used parts segment is highly fragmented.
Demand for aftermarket parts is driven by the age and mileage of
vehicles, generally increasing when fewer new cars are sold.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Shashi Malhotra, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company S&S INTERNATIONAL PRODUCTS & MANUFACTURING, 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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530,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims Reported
0 NSF Cheques Reported
0 UCC Filings
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 small Company working on the global market.
A credit line may be considered.
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.49.29 |
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1 |
Rs.80.40 |
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Euro |
1 |
Rs.63.35 |
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%)