MIRA INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DANZER VENEER AMERICAS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.10.2006 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
processing high-quality woods for decorative
purposes |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Danzer Veneer Americas Inc |
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Address in the order: |
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Comments on data supplied: |
Dear client, David R. Webb Company, Inc. is located at the address you
provided. It was purchased in 1972 by
Mr. Karl Danzer, and the company became a key member of the Danzer Group of
Companies.
Considering the legal name you provided which is Danzer Veneer
Americas Inc, we did the report on this company, at the address where the
structure is legally registered and headquartered. |
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Legal Name: |
Danzer Veneer Americas Inc |
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Legal Address |
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Operative Address |
(Headquarters) |
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Telephone: |
724 827 8366 |
ID : |
4232184 |
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Fax: |
724 827 8373 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
Greg Lottes, President |
Date Incorporated: |
October, 10th. 2006 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The company is engaged in processing high-quality woods for decorative
purposes |
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BUSINESS
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HISTORY |
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The company was incorporated for business in the year 2006 |
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PRINCIPAL ACTIVITY |
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The company is engaged in processing high-quality woods for decorative
purposes |
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Products/Services description: |
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Danzer specializes in producing veneer and sawn timber for decorative purposes.
In addition, the company is involved in the timber trade and in forest
management |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references |
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Operations area: |
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National, International |
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The company imports from worldwide, depending on the demand. |
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The company export to worldwide, depending on the demand |
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LOCATION |
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Headquarters |
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The company is headquartered at the address listed above. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company, which belongs to de Danzer Group of
companies. |
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Management: |
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Greg Lottes, President |
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Related Companies: |
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David R. Webb Company, Inc Danzer Specialty Veneer, Inc. SIFORCO S.C.A.R.L. Danzer SINO |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Mr. Robert, from the
accounting department, who refused to provide us any financial data
without knowing the name of the inquiring party. |
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Legal Fillings |
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There are 2 UCC** files listed with the
Secretary of State of Delaware. 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 ** 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 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
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Local credit bureau gave a Low credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This is an American company which has been
incorporated for business since 2006. There were no legal filings found against
the company or its legal representative. We have found that it belongs to the
Danzer Group of companies. For the company requested, we don't have
any payment experience, nor do we have any financial figures. Therefore, we suggest working with
GUARANTEES.- |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Mr. Robert |
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Position |
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Accounting department |
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Comments |
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The person contacted refused to provide us with any information on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.25 |
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Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.