MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DALLAS SPRING CORP |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.08.1984 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Springs and Suspension Components. |
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 5,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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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: |
Dallas Spring corp |
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Address in the order: |
Chris Robinson Everetl Zeller 1605, Lakeway Drive Lewisville
Texas-75057-6007 |
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Comments on data supplied: |
Dear client: The address provided on the old report, is that of a non incorported
business unit. We have learned that the company's legal address is located in
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Legal Name: |
Dallas Spring Corporation |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (972) 219-8484 |
ID : |
0071632600 |
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Fax: |
+1 (972) 219-3994 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1984 |
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Manager: |
Mike Kaprelian, Manager |
Date Incorporated: |
August 13th, 1984 |
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Staff: |
22 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Springs and suspension components. |
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BANKS
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Name of the Bank |
Commerica Bank |
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Name of the Bank |
Bank Of |
BUSINESS
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HISTORY |
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The company was created in the year 1984. |
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PRINCIPAL ACTIVITY |
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The company engages as as a leading distributor of leaf springs and
suspension components servicing the heavy-duty aftermarket. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Suppliers: |
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Eagle Suspensions, Inc. |
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Operations area: |
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National, International, Local |
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The company does not import |
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The company export to |
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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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Branches: |
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The company has another branch located in: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. Despite our long searches, we could not
identify the shareholders. |
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Management: |
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Mike Kaprelian, Manager Wayne Robinson, Principal |
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Related Companies: |
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The company has an international location in The company is associated to its manufacturing company: Eagle Suspensions, Inc. |
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 Dan who 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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Currency |
DATE |
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USD |
2010 |
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Turnover |
270,000 |
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Legal Fillings |
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There are 17 UCC files listed
with the Secretary of State of Texas. There are no legal filings listed with the District Court. 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 company with 22 employees and 27 years of
experience. There were no legal filings found against the company or its legal
representatives. Although the representative refused to provide us any financial
figures per security purposes; our financial sources provided us with the
financial information for the year 2009 and 2010. The company's revenue increased on a 50% compared to the year 2009. The company gave a correct profitability for the year 2010. Therefore a credit line may be considered for USD 5,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Dan |
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Position |
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Representative |
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Comments |
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He confirmed some basic information about the company, but refused to
provide us any financial data without knowing the name of the inquiring
party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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-- |
NB |
New Business |
-- |
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.