MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALLOY FASTENERS, INC. |
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Registered Office : |
15 Amflex Drive,
Cranston, RI 02921 |
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Country : |
United States |
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Date of Incorporation : |
16.01.1992 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures and Distributes a Variety of Fastening 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 800,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
ALLOY FASTENERS, INC.
Address
15 Amflex Drive, Cranston, RI 02921 – USA
Telephone : 401-943-0639
Fax : 401-942-7810
Website : www.alloyfasteners.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
0066638 Rhode Island Corporation – Profit 01-16-1992 10,000 shares common USD 1= Robert ROTONDO |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Alloy Fasteners Company manufactures and distributes a variety of
fastening products. Its products include screws, nuts, bolts and washers. Alloy Fasteners
Company also distributes fastening products of other companies and offers a
range of inventory management services that include blanket orders with
scheduled releases and multiple location bar coded bin stocking. The company
provides online price quotations and order tracking services. Additionally,
its Web site provides information on the dimensions of its products. Alloy
Fasteners Company is ISO 9001:2000-certified. 100 |
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Operations & branches: |
The company maintains its corporate office in Cranston, R.I., on 69,000 sq. feet, and warehouse locations in Rhode Island, Tennessee,
Missouri, North Carolina and California. - 4440 W. Farm Rd.130, Springfield, MO 65802 - 201 East Williams, Sanford, NC 27331 - 1731 West 16th St., Merced, CA 95340 - 1217 Middlesettlements, Maryville, TN 37801 |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. |
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Management : |
Robert ROTONDO is the
President and CEO. Chris ROTONDO is Vice
President of Operations. Joseph SMITH Jr. is the
CFO. |
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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 25,000,000=
The business is said to be
profitable.
Banks
Bank Rhode Island
One Turk Head Place
Providence, RI 02903
Ph: 401-456-5000
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) : |
There are several UCC
files listed with the Secretary of State of Rhode Island. |
MARKET
ANALYSIS & FORECAST
In the United State, during
the year 2007:
- 80% of the corporations
in same branch were developing the business on a medium risk of late payment,
- 20% on a high risk of
late payment.
- 80% of them saw sales
stable versus last 3 years
- 4% declining
- 16% growing
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
stable.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 days beyond
terms.
The Company maintains a
regular business.
The bank and financial
institutions confirmed a correct credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 800,000= |
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%)