MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
VALLEY INDUSTRIES, LLC |
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Registered Office : |
123 Industrial Loop East,
Paynesville, MN 56362 |
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Country : |
United States |
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Date of Incorporation : |
09.24.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Industrial Instrument Manufacturer of Gauges and Gages for the Farm
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
VALLEY INDUSTRIES, LLC
Address
123 Industrial Loop East,
Paynesville, MN 56362 - USA
Telephone : 320-243-8500
Fax : 320-243-8030
Website : www.valleyind.com
summary
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Corporate
ID# : State : Judicial
form : Date founded : Stock : Value: Name of manager: |
34207-LLC Minnesota LLC 09-24-2002 - - Jeffrey SAVAGE |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
Business started by
Lester MILLS in 1957. Present control succeeded
in 1998 and the Company was incorporated in 2002. Valley Industries is an industrial instrument manufacturer of gauges
and gages for the farm equipment. Products include pressure gauges from 1.5”
to 6.0” with capabilities in pressure from low pressure applications (inches
of water) to high pressure applications. Custom pressure gauges are available with special calibration, custom
logos, special pressure ranges, unique color coding or any other special
feature the customer may require. 14 |
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Operations & branches: |
At above address, we find
a manufacture, warehouse and office, on 21,200 sq. feet, owned. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. The members are: - Jeffrey SAVAGE - Brian SAVAGE - Greg SAVAGE |
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Management : |
Jeffrey SAVAGE is the
Manager. As far as we know, he is
they are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, no
Executice was available to answer our questions.
However, sales estimate for
year 2007 is in the range of USD 850,000=
Sales declined during last
3 years.
Banks
Farmers & Merchants State Bank
125 E James St, Paynesville, MN 56362
Ph: 320-243-3702
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
None |
MARKET
ANALYSIS & FORECAST
In the United State, during
the year 2007:
- 92% of the corporations
in same branch were developing the business on a medium risk of late payment,
- 8% on a high risk of late payment.
- 28% of them saw sales stable
versus last 3 years
- 72% declining
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market appears to be
slow.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 82% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 15 days beyond
terms.
The Company is improving
its payments, but the cash is low, due to high inventories and bad conditions
of the market.
The bank and financial
institutions confirmed a low account.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)