MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRIGHTON-BEST INTERNATIONAL, INC. |
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Registered Office : |
1665 Heraeus Blvd,
Buford, GA 30518 |
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Country : |
United States |
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Date of Incorporation : |
07.19.2007 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer and Wholesaler of Hardware, Industrial Fasteners
including Nuts, Bolts, Screws, etc; Manufactures Bolts, Nuts, Rivets and Washers,
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 600,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
BRIGHTON-BEST INTERNATIONAL, INC.
Address
1665 Heraeus Blvd, Buford, GA 30518 – USA
Telephone : 678-288-1000
Fax : 678-288-1015
Website : www.brightonbest.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
C2922701 California Corporation – Profit 07-19-2007 - - CEO: Robert SHIEH |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
On January 2, 2008,
BRIGHTON-BEST SOCKET SCREW MFG, INC. (incorporated in New York State on
09-21-1965) was purchased by a consortium of investors from Taiwan headed by
Robert SHIEH, President of TA CHEN INTERNATIONAL, INC. The new Company is named
BRIGHTON-BEST INTERNATIONAL INC. The Company is manufacturer and wholesaler of hardware, industrial
fasteners including nuts, bolts, screws, etc; manufactures bolts, nuts, rivets
& washers, and related products. 500+ |
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Operations & branches: |
At above address, we find
a large manufacture, warehouse and office, owned. The Company maintains 19
branches in the U.S. and subsidiaries in Canada, Brazil, Australia, New
Zealand, and UK. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
TA CHEN INTERNATIONAL INC. 5855 Obispo Avenue, Long
Beach, CA 90805 – USA Ph: 562-808-8000 Fx: 562-808-8011 Ta Chen International provides the most complete inventory of
stainless steel. It offers sheet, plate and diamond tread plate stainless
steel products, as well as 150 PSI fitting, welded fitting, welded pipe and
valves. Ta Chen is also utilizes a certified ISO 9001:2000 quality management
system in the manufacture of its stainless steel pipes, square tubing and
butt-welding pipe fittings. |
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Management : |
Robert SHIEH is the
President and CEO. Ed CHERNICHKIN is Vice
President of Operations. |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in excess of USD 25,000,000=
The business is said to be
profitable.
Banks
Wells Fargo 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 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, 94% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a regular account.
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 600,000 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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%)