MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
GTP GREENVILLE, INC. |
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Registered Office : |
300 E Mcbee St Greenville Sc 29601 |
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Country : |
United States |
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Date of Incorporation : |
23.10.1970 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of accessories for weaving performance |
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 400.000. |
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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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United States |
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: |
Global Textile Partner Greenville Inc |
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Address in the order: |
Post Office Box 1867 Greenville SC 29602, U.S. |
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Legal Name: |
GTP GREENVILLE, INC. |
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Legal Address |
300 E MCBEE ST GREENVILLE SC 29601, U.S. |
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Operative Address |
1801 Rutherford Road Greenville, SC 29609-1901, U.S. |
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Mailing Address |
Post Office Box 1867 Greenville SC 29602, U.S. |
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Telephone: |
(864) 288-5475 |
ID : |
322324 |
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Fax: |
(864) 297-5081 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
South Carolina |
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Website: |
Date Created: |
NA |
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Manager: |
Doug Justus, CIO |
Date Incorporated: |
October 23, 1970 |
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Staff: |
303 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of accessories for weaving performance |
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BANKS
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Name of the Bank |
CAROLINA FIRST BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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GTP Global Textile Partner delivers world wide top accessories for
better weaving performance. |
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Sales are: |
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Wholesale |
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Brands: |
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Steel Heddle, Burcklé and Te Strake Textile |
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Clients: |
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Various Industries |
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Operations area: |
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National, International |
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The company imports from Asia and Europe |
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The company export to Worldwide |
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The subject employs 303 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 1801 Rutherford Road Greenville, SC 29609-1901 |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders |
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Management: |
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Chief Information Officer Doug Justus Chief Technology Officer William Rogers Vice President Jerry Miller |
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 but refused to provide us any financial
data on grounds of confidentiality. |
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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 |
27.000.000 |
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Legal Fillings |
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There are 2 UCC's files listed with the Secretary
of State of South Carolina. 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 records 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 that has
303 employees and has been in business for 40 years. The company has many years of experience
in this industry. There were no legal fillings found against
the company or its legal representatives, which makes it a more reliable
company. The profitability is correct, and the cash
flow is normal. According to all this information, a
credit line should be considered for USD 400.000. |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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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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We contacted the company but the operator was really disrespectful and
dropped the call. We tried calling again but nobody took the call. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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.