MIRA INFORM REPORT

 

 

Report Date :           

06.04.2011

 

IDENTIFICATION DETAILS

 

Name :

BRIGHTON-BEST INTERNATIONAL, INC.

 

 

Formerly Known As :

Brighton-Best Socket Screw Manufacturing

 

 

Registered Office :

5855 Obispo Ave, Long Beach CA 90805

 

 

Country :

United States 

 

 

Date of Incorporation :

19.07.2007

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Socket Screw Products Manufacturer and Distributor

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 900,000

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Brighton Best International Inc USA

Address in the order:

Chicago, 250 Keroe Doulevard Caralstream, IL 60188

Comments on data supplied:

Please note that the address provided is that of a company`s branch.

Legal Name:

BRIGHTON-BEST INTERNATIONAL, INC.

 

 

Legal Address

5855 Obispo Ave, Long Beach CA 90805, USA

 

 

Telephone:

(562) 808-8000

ID :

C2922701

Fax:

(562) 808-8137

Legal Form:

Corporation for Profit

Email:

chicago@brightonbest.com

Registered in:

California

Website:

http://www.brightonbest.com/

Date Created:

1965

Manager:

Robert Shieh, President

Date Incorporated:

July 19th, 2007

Staff:

260

Stock:

NA

 

 

Value:

NA

Activity:

Socket screw products manufaturer and distributor.

 

 

BANKS

 

Name of the Bank

EAST WEST BANK

Location                                   

9300 FLAIR DR FL 6TH EL MONTE  CA   91731- 2851

Name of the Bank

UNITED COMMERCIAL BANK

Location                                   

555 MONTGOMERY ST SAN FRANCISCO  CA   94111- 2541

 

 

BUSINESS

 

HISTORY

 

The company was founded in 1965.

 

The company was formerly known as Brighton-Best Socket Screw Manufacturing and changed its name to Brighton-Best International, Inc. in 2008, when it was acquired by Ta Chen International, Inc.

 

The company has presence worldwide.

PRINCIPAL ACTIVITY

 

The company manufactures and distributes socket screw products.

Products/Services description:

 

The company manufactures and distributes the following products: socket screws, set screws, pins, keys, hex cap screws, fastening systems, bolts, washers, and threaded rods.

Sales are:

 

Wholesale

Operations area:

 

National, International

The subject employs 260 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at: 5855 Obispo Ave, Long Beach CA 90805, USA

Branches:

 

The company has branches nationwide

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held.

 

Ta Chen International, Inc. (Taiwan) is the mother company of Brighton-Best International, Inc.

Management:

 

Robert Shieh, President

Peggy Hsieh, Executive Operations Manager

Jun Xu, Director of Purchasing



Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

We have contacted the company that refused to provide us any financial data, without knowing the name of the inquiring party.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

 

Currency

DATE

USD

2009

Turnover

62,393,219

The cash flow is

normal

 

Legal Fillings

 There are several UCC** files listed with the Secretary of State of California.

 

There are no legal filings listed with the District Court.

 

THE COMPANY IS NOT LISTED ON THE OFAC LIST.*

 

For information:

 

* The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

 

** The Uniform Commercial Code (UCC) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America. 

 

The UCC deals primarily with transactions involving personal property (movable property), not real property (immovable property).

 

It allows a creditor to notify other creditors about a debtor’s assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.

 

The Uniform Commercial Code Bureau files and maintains on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.



Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

This is a medium sized American company. It employs 260 people and has been in business for 45 years.

 

A credit line may be considered for USD 900,000

 




SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 



APPENDIX

 

Person Interviewed

 

Operator

Comments

 

The person contacted refused to provide any kind of information on the company and ended the call before we could ask for her name.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.45

UK Pound

1

Rs.71.59

Euro

1

Rs.63.01

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

 

d generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.