MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
LANCASTER THREADED PRODUCTS, INC. |
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Registered Office : |
2200 Hathaway Road,
Lancaster, PA 17602 |
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Country : |
United States |
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Date of Incorporation : |
1977 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures Threaded
Rods, Steel Anchor Rods, Nuts and Washers, Angles and Flats, Steel Rounds,
Square Keystock, 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 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
LANCASTER THREADED PRODUCTS, INC.
Address
2200 Hathaway Road, Lancaster, PA 17602 – USA
Telephone : 717-392-8502
Fax : 717-397-5185
Website : www.lancasterthreaded.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
3305287 Pennsylvania Corporation – Profit May 10, 2005 - - Russell ROBINSON |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
Business started in 1977 On June 2005, LTP Russell Robinson and two partners purchased
Lancaster Threaded Products, Inc. (LTP) from former owners Craig Womeldorf
and Ken Hoover. The Company manufactures
threaded rods, steel anchor rods, nuts and washers, angles and flats, steel
rounds, square keystock, and related products. 24 |
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Operations & branches: |
At above address, we find
a manufacture, warehouse and office, on 24,000 sq. feet, owned. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. The managers are also the shareholders. |
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Management : |
Russell ROBINSON is the
President and CEO. Robert ALYANAKIAN is Vice
President. 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 5,000,000=
The business is said to be
profitable.
Banks
FULTON BANK
1 Penn Square, Lancaster , PA 17602
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 in favour of the bank. |
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, 92% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 days beyond
terms.
The Company maintains a
regular business.
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 150,000= |
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%)