MIRA INFORM REPORT
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Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
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Name : |
THE WESTERN STATES MACHINE COMPANY |
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Registered Office : |
530 North Third Street , Hamilton, Oh 45012 |
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Country : |
United States |
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Date of Incorporation : |
11.04.1917 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of centrifugals |
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 200,000. |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 GOVERNMENT |
Federal |
Currency |
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Economic Risk |
Nil |
Branch Situation |
Stable |
IDENTIFICATION
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Ordered as: |
The Western States
Machine Company |
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Address in the order: |
530 N Third ST P O Box
No. 327 Hamilton OH 450 12-0327 |
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Legal Name: |
THE WESTERN STATES
MACHINE COMPANY |
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Legal Address: |
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Telephone: |
+1 513-863-4758 |
ID: |
554123-0142 |
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Fax: |
+1 513-863-3846 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registerd In: |
Utah |
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Website: |
http://www.westernstates.com |
Date Created: |
1917 |
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Manager: |
Roger Fair President |
Date Incorporated |
April 11, 1917 |
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Staff: |
200-499 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of centrifugals |
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BANKS
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Name of the Bank |
COMERICA BANK |
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Name of the Bank |
FIFTH THIRD BANK |
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Name of the Bank |
PNC BANK |
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BUSINESS
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HISTORY: |
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The Western States Machine Company was founded in 1917 to develop and
manufacture improvements for centrifugals in the sugar industry. |
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PRINCIPAL ACTIVITY: |
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Supplier of centrifugals |
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Products/Services description: |
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The Western States Machine Company is a
manufacturer and designer of high-performance batch and continuous
centrifuges. It is a world-wide supplier of centrifugals. |
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Sales are: |
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Wholesale |
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Brands: |
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The company's trademarks include Monocut,Posilatch, Quadramatic,
Roberts, Stevens, TITAN, Western States, WS and WSMC. |
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Operations area: |
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National,InterNational, |
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The company export to Western Europe, Africa, Middle East, Asia,
Australia, Europe, Canada, Mexico. |
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The subject employs 57 employee(s) |
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Comments on staff: |
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At this location. |
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Payments : |
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made on a 55 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 Post Office Box 327, Hamilton, Ohio
45012-0327 USA |
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Comments on location: |
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The company is incorporated in Utah. However, it is headquartered at
Ohio. |
Shareholders - Manager
- Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held. Despite our
long searches we could not identify the names of the shareholders. |
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Management: |
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Roger Fair President |
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 Danny from accounts payable who refused to provide us
any financial data on grounds of confidentiality and hang up the phone. |
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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 |
2010 |
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Turnover |
$20,000,000. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
48,400,000 |
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Operating Income |
1,100,000 |
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Net Income |
715,000 |
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Net worth |
2,900,000 |
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Liabilities |
3,000,000 |
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The cash flow is
Normal |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
47,200,000 |
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Operating Income |
1,800,000 |
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Net Income |
1,000,000 |
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Net worth |
2,400,000 |
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Liabilities |
3,500,000 |
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The cash flow is Normal |
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legal fillings |
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Rating
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Local credit bureau gave a Correct credit
rate. |
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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 company has been in business for 93
years; it has a staff of 57 employees . ( For this location) |
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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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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APPENDIX
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Person Interviewed: |
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Danny |
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Position: |
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Accounts Payable |
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Comments: |
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The person contacted refused to provide or
verify any information 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.44.16 |
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UK Pound |
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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.