MIRA
INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
EVANS MACTAVISH AGRICRAFT INC |
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Formerly Known As : |
Evans Machinery and Metal Fabrication, Inc |
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Registered Office : |
5123 Ivy Court, Wilson, NC, 27893 |
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Country : |
United States |
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Date of Incorporation : |
06.04.1995 |
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Com. Reg. No.: |
0366286 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Farm Machinery and Equipment Manufacturing |
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 : |
180 000 USD. |
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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: |
IDENTIFICATION
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Ordered as: |
Evans Mactavish Agricaraft Inc |
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Address in the order: |
P O Box 3408 27895 5123 Lvy Court Wilson NC 27893 |
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Comments on data supplied: |
The correct addresses are below. |
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Legal Name: |
EVANS MACTAVISH AGRICRAFT INC |
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Legal Address |
5123 Ivy Court, Wilson, NC, 27893, USA. |
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Mailing Address |
P O Box 3408, Wilson, NC, 27895, NC, USA. |
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Telephone: |
+1 (252) 243 4006 |
Registration Number : |
0366286 |
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Fax: |
+1 (252) 243 0298 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
North Carolina |
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Website: |
Date Created: |
1979 |
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Manager: |
Donald Evans, President |
Date Incorporated: |
April 6, 1995 |
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Staff: |
68 |
Stock: |
500,000 |
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Value: |
$ 1 Par Value |
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Activity: |
Farm Machinery and Equipment Manufacturing. |
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BANKS
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Name of the Bank |
CENTURA BANK |
BUSINESS
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HISTORY |
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The company has changed the legal name from "Evans Machinery and
Metal Fabrication, Inc" to the actual "Evans MacTavish Agricraft,
Inc". |
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PRINCIPAL ACTIVITY |
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Evans-MacTavish supplies a range of lab equipment including the
Quality Control Stem Tester and Quality Control Degradation Shaker
manufactured in their own shop. |
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Products/Services description: |
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Products and services offered among others: Econosep Multisep Counterflow Thresher Regulating Feeder Sweep Feed Proportional Feeder Fan Vibrating Conveyor Screening Separator Among others. |
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Sales are: |
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Wholesale |
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Clients: |
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Tobaco leaf process companies. |
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Operations area: |
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National, International |
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The company imports from worldwide. |
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The company export to worldwide. |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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Competitors: |
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Nucor Corporation Commercial Metals Company Mcdermott International, Inc Harsco Corporation |
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The subject employs 68 employee(s) |
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PAYMENTS |
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made on a 45 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at the above address. |
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Branches: |
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Other offices: 7429F Whitepine Road Richmond, VA, USA. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Management: |
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Donald Evans, President Bobby Evans, Vice President Francis Smith, Manager Sam Levy, Vice President-Sales & Marketing Charles Evans, Vice President-Engineering Bev Lanham, Sales Administrator Larry Jordan, Sales Engineer Donald Fulghum, Sales Engineer |
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 tried to contact the company several times, but no member of the accounting
department was able to take our call. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
8,440,000 |
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Operating Income |
754,000 |
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Net Income |
612,000 |
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Net worth |
2,000,000 |
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Bank liabilities |
600,000 |
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The cash flow is |
NORMAL |
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DATE |
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USD |
2008 |
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Turnover |
8,500,000 |
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The cash flow is |
NORMAL |
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Legal Fillings |
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There is one UCC file listed with the Secretary
of State of North Carolina. There are no legal filings listed with the
District Court. Last annual report filed: 3/29/2010. For information: 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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The company has 32 years in the business. It is a medium sized company, evolving in
a stable sector. Profitability is good, indebtedness is
medium, cash is normal and payments are regular. We did not find a specific adverse record
against the subject. A credit line may be considered for 180
000 USD. |
SUMMARY
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Profitability |
GOOD |
Public Records |
NO |
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Indebtedness |
MEDIUM |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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The receptionist confirmed us some information but refused to provide
us with any financial data 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.44.45 |
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UK Pound |
1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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 |
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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.