MIRA INFORM REPORT
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Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
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Name : |
THE DAYTON BAG & BURLAP CO |
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Registered Office : |
322 Davis Avenue, Dayton, OH 45403 |
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Country : |
United States |
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Date of Incorporation : |
02.01.1958 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of burlap and treated burlaps |
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 : |
300 000 USD |
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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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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: |
Dayton Bag & Burlap Co |
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Address in the order: |
322 Davis Avenue, P O Box No. 8, Dayton, Ohio-45401 |
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Legal Name: |
THE DAYTON BAG & BURLAP CO |
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Legal Address |
322 Davis Avenue, Dayton, OH
45403, USA |
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Telephone: |
+1 (937)-258-8000 |
Document Number : |
268279 |
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Fax: |
+1 (937)-258-0029 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Ohio |
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Website: |
http://daybag.com |
Date Created: |
1958 |
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Manager: |
Samuel Lumby, CEO |
Date Incorporated: |
January 02nd, 1958 |
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Staff: |
93 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of burlap and treated burlaps. |
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BANKS
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Name of the Bank |
JPMORGAN CHASE BANK |
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Name of the Bank |
KEYBANK NATIONAL ASSOCIATION |
BUSINESS
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HISTORY |
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THE DAYTON BAG & BURLAP CO is a private company created in 1958
and based in Ohio |
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PRINCIPAL ACTIVITY |
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THE DAYTON BAG & BURLAP CO is working as a manufacturer of burlap
and treated burlaps. The company is working with a wide variety of materials for all kinds
of applications. The company has 3 divisions: - Industrial
Division which covers all the industrial needs.( Burlap Products, Sandbags of
All types..) - Nursery
Division: (Burlap, Wire Baskets, Sack Race Bags ) - Die Cutting
Division |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial 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 does not export |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 93 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 the above address |
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Branches: |
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The company has several locations around the US |
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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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Despite our long searches we were not able to identify any company's
shareholders. |
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Management: |
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Samuel Lumby, CEO Sue Spiegel, Industrial Sales Manager |
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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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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 |
21,390,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There is one UCC files listed with the
Secretary of State of Ohio. 1.Filing Number: OH00145060626 Filing Date: 09-21-2010 Filing Jurisdiction: OHIO Filing Location: SECRETARY OF STATE/UCC DIVISION 180 E BROAD ST 16TH FLOOR COLUMBUS
OH 43215 Filing History: FILING TYPE FILING DATE INITIAL FILING 09-21-2010 Secured Party: JPMORGAN CHASE BANK, N.A. Secured Party Address: PO BOX 33035 LOUISVILLE
KY 40232- 3035 Debtor: THE
DAYTON BAG & BURLAP CO. Debtor Address: 322 DAVIS AVE 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 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 small size company with several
years in the business The company's income is satisfying for its
size. Moreover, the profitability is correct and
the payment trends are regular. At this time, we believe that the company
can bear a credit line in the range of 300 000 USD |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.73.44 |
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Euro |
1 |
Rs.64.81 |
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.