MIRA
INFORM REPORT
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Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
CONTROL CONCEPTS CORPORATION |
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Registered Office : |
664 State Street, Beaver,
PA 15009 |
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Country : |
United States |
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Date of Incorporation : |
19.11.1976 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer and
Wholesaler of Control Systems Regulators, Switches, Relays, Starters, Pilot
Devices, and related products |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
CONTROL CONCEPTS CORPORATION
Address
664 State Street, Beaver, PA 15009 – USA
Telephone : 724-775-7926
Fax : 724-775-5283
Website : www.c3controls.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
0831324 Delaware Corporation – Profit 11-19-1976 - - Geoffrey M. TAYLOR |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Company is a
manufacturer and wholesaler of control systems regulators, switches, relays,
starters, pilot devices, and related products. C 3 CONTROLS is a
fictitious name registered in Pennsylvania on March 11, 2002, under ID#
3058524. 30 |
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Operations & branches: |
At above address, we find
a manufacture, warehouse and office, onwed. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. |
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Management : |
Geoffrey M. TAYLOR is the
President and CEO. Carolyn A. RENNINGE is
Secretary. As far as we know, 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, nobody
was available to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of USD 8,000,000=
The business is said to be
profitable.
Banks
First National of
Pennsylvania
Huntington National Bank
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 States,
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, 76% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 15 to 20 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 banks 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.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 100,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)