MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.09.1974 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Technology-Based Solutions Designing. |
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 750,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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: |
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Address in the order: |
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Legal Name: |
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Legal Address |
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Telephone: |
(916) 786-3800 |
ID : |
C0721580 |
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Fax: |
(916) 786-7565 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1964 |
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Manager: |
Paul A. Stokstad, President |
Date Incorporated: |
September 3rd, 1974 |
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Staff: |
200 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Technology-based solutions designing. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK, NATIONAL ASSOCIATION |
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Location |
1 FRONT ST FL 21 |
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Name of the Bank |
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Location |
1310 |
BUSINESS
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HISTORY |
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The company was created in 1964. |
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PRINCIPAL ACTIVITY |
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The company is engaged in designing, developing, and supporting
technology-based solutions for teaching and learning science. |
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Products/Services description: |
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The company`s products include SPARK Science Learning System, PASPORT
Probeware and ScienceWorkshop. |
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Brands: |
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SPARK Science Learning System MultiMeasure Sensors |
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Clients: |
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Educators and students. |
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Operations area: |
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National |
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The subject employs 200 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
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Comments on location: |
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Headquarters and operative location. |
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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The company is privately held. Mr. Paul A. Stokstad appears to be the major shareholder. However, this
information was not verified by the company. |
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Management: |
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Paul A. Stokstad, President John Delury, Chief Financial Officer Joe Balestrini, Vice President |
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Related Companies: |
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Affiliated: |
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 the company that refused
to provide us any financial data without knowing the name of the inquiring
party. |
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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. |
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Comments on the financial data: The company`s estimated
annual revenue is between USD 50 and 100 million. |
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Legal Fillings |
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There are 5 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 ** 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 correct 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 a medium sized American company. It
employs 200 people and has been in business for 46 years. A credit line may be considered for USD
750,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Operator |
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Comments |
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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.