MIRA INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
AWI ACQUISITION COMPANY |
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Registered Office : |
13207 Bradley Ave, Sylmar, Ca 91342 |
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Country : |
United States |
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Date of Incorporation : |
28.09.19952 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Hand tools and cargo management products |
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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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 |
Comments on the rating:
A Credit line maybe considered
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: |
Allied International |
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Address in the order: |
13207 Bradley Avenue PH-818 364 2333
Sylmar CA 91342 |
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Comments on data supplied: |
The name given by the client is the trade name.
The legal name is listed below with the correct address. |
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Legal Name: |
AWI ACQUISITION COMPANY |
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Trade Name: |
Allied International, Allied International
Tool CO |
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Legal Address |
13207 BRADLEY AVE, SYLMAR, CA 91342, USA |
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Telephone: |
(800) 533-8333 |
Entity
number : |
C1839416 |
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Fax: |
(818) 362-9066 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
California |
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Website: |
Date Created: |
1962 |
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Manager: |
Timothy Florian President |
Date Incorporated: |
September 28,1992 |
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Staff: |
20-49 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Hand tools and cargo management products. |
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BANKS
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Name of the Bank |
CITIBANK |
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Name of the Bank |
UNION BANK OF CALIFORNIA |
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Name of the Bank |
CALIFORNIA BANK & TRUST |
BUSINESS
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HISTORY |
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Allied International was founded in 1962 as an import distributor of
hardware products. It is based in California |
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PRINCIPAL ACTIVITY |
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Wholesale Hardware. |
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Products/Services description: |
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Anchors Truck Hardware &
Tow Hooks Automotive Tools Bike Storage Bungee Cords Cable Ties Cargo Organizers Clamping Tools Cutting Tools Driving Tools Electrical &
Electronics Hobby Tools Home Hardware Impact Sockets &
Accessories Lighting Measuring &
Layout Tools Multi Function Tools Power Tools Safety Products Screwdrivers Shop Accessories Sockets &
Accessories Straps Striking Tools Tarp / Canopy
Accessories Tie Downs Tool Sets Wrenches |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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The company imports from Asia |
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The company export to Asia |
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Trade References: |
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Despite our efforts, we were unable to confirm any trade reference. |
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The subject employs 20-49 employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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The company is based in California , but also has offices in: Allied Asia #136 Jen Ai Road Ste. # 807 8F, Section 3 Taipei, Taiwan Allied Asia (Taichung) No. 22-1, Lane 492, Section 2 Shanxi Road — Beitun District Taichung, Taiwan Allied China No. 1299 Jingban Road Bacheng Town Kunshan City, Jiangsu |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Despite our efforts we were unable to confirm the shareholders. |
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Management: |
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Timothy Florian President Melissa Berninger Finance Executive
Richard Ramsey Sales
Executive |
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 |
$5 to 10 million |
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Legal Fillings |
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There are UCC** files listed with the
Secretary of State of California. Filing Number: 087172934314 Filing Date: 09-23-2008 Secured Party: CITIBANK, N.A. Debtor:
AWI ACQUISITION COMPANY There are no legal filings listed with the
District Court. The last annual report was filed on2010. 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 small company with 20-49
employees, and 18 years of operation. The turnover is correct for the company
size. We did not find any adverse record against
the company during our investigation. We believe that the company’s sector of
activity is still in a medium state. We nevertheless estimate that the company
can handle a credit line. A business connection can be conducted. We suggest a review within 10 months for
monitoring purposes. |
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.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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.