MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PENTEL OF AMERICA LTD |
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Registered Office : |
2715 Columbia st. Torrance, California, 90503 |
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Country : |
United States |
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Date of Incorporation : |
16.12.1965 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Writing Instrument Company |
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 500,000 |
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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 - CANADA
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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: |
Pentel of America Ltd |
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Address in the order: |
4000 East, Airport Drive, Ontario, CA 91761 |
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Comments on data supplied: |
Dear client: The address you provided us that of a non incorporated business unit.
It corresponds to the Marketing Department of Pentel of America Ltd. located
in 2715 Columbia st. Torrance, California, 90503. USA , that is why we
proceed on making the report under that address. |
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Legal Name: |
Pentel of America Ltd |
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Legal Address |
2715 Columbia st. Torrance, California, 90503. USA. |
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Operative Address |
2715 Columbia st. Torrance, California, 90503. USA. |
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Telephone: |
+1 310 320 3831 |
ID : |
46034864 |
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Fax: |
+1 310 533 0697 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Illinois |
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Website: |
Date Created: |
1965 |
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Manager: |
Kenji Kobayashi, Chief Executive Officer |
Date Incorporated: |
December 16th, 1965 |
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Staff: |
150 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Writing Instrument company. |
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BANKS
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Name of the Bank |
The Bank of Tokyo |
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Location |
Los Angeles |
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Name of the Bank |
Union Bank Of California, N.A. |
BUSINESS
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HISTORY |
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This company was created in the year 1965. |
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PRINCIPAL ACTIVITY |
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This company offers superior quality with innovations in roller ball
technology and market leadership in automatic pencils, leads, and other
writing instruments. |
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Products/Services description: |
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Non Refillable Roller Pens Permanent Ink Roller Pens Refillable Roller Pens Gel Ink Pens Liquid Gel Rollers: EnerGel® Ball Point Pens Automatic Pencil Automatic Drafting Pencil Pencil Refills Pen Refills EnerGel® Refills Porous Point Pens Erasers Eraser Refills Color Pens, Highlighters & Markers Liquid Adhesive Correction Products Among others. |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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EnerGel® Lancelot |
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Clients: |
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General clientele Various industries |
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The company imports from Worldwide |
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LOCATION |
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Headquarters |
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The company is headquartered at 2715 Columbia st. Torrance,
California, 90503. USA. |
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Comments on location: |
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The company is incorporated in Illinois but headquartered at
California. There was no address found with the secretary of state of Illinois |
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Branches: |
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The company has the following branches: -1250 Arthur Ave, Elk Grove Village, IL 60007 -Marketing Department: C/O National Handwriting Day 4000 E. Airport
Drive, Suite C Ontario, CA 91761. |
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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Kenji Kobayashi, Chief Executive Officer Marty Furman, Chief Operating Officer Steven Koch, Purchasing Agent Isseki Nakayama, President |
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Related Companies: |
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The company also operates worldwide: Euro Pentel SA, France Pentel Co LTD, Japan Pentel Australia PTY LTD, Australia Pentel Stationery of Canada Ltd, Canada |
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 a male representative who refused to provide his name
or any information about the company without knowing the exact 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 |
35,000,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
20.9 M |
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The cash flow is |
0 |
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Legal Fillings |
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There are 29 UCC files listed with the
Secretary of State of Illinois. There are no legal filings listed with the
District Court. The last annual report was filed on
12/14/2010. 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
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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 worldwide company that has been in business for 46 years. It
has a staff of 150 employees which makes it a medium sized company. There were no legal filings found against the company or its legal
representatives. Although the representative refused to provide us any information
about the company, our financial sources provided us with the revenue for the
year 2010. The company's revenue increased significantly on a 40%. Therefore a credit line may be considered for USD 500,000 |
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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Male Representative |
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Comments |
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He refused to provide his name or any information about the company
without knowing the exact 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.44.38 |
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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.