MIRA INFORM REPORT

 

 

 

 

Report Date :

06.08.2011

 

IDENTIFICATION DETAILS

 

Name :

COKER & ASSOCIATES OF SOUTH CAROLINA LLC

 

 

Registered Office :

200 Lois Street, Greenville, South Carolina 29601

 

 

Country :

United States

 

 

Date of Incorporation :

25.05.2006

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Textile Machinery Wholesalers.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown 

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D



Comments on the rating:

We suggest caution

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Normal

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Coker & Associates of SC LLC

Address in the order:

201 Brookside Way Greenville SC 29605

Comments on data supplied:

We couldn't verify the addresses because the person contacted refused to give out information in grounds of confidentiality.

Legal Name:

Coker & Associates Of South Carolina, LLC

 

 

Legal Address

745 Landers Rd, Spartanburg, SC 29303, USA (Provided by the South Carolina Secretary of State)

 

 

Telephone:

+1 (864) 320-9268

ID :

439804

Fax:

+1 (864) 123-1234

Legal Form:

Limited Liability Company

Email:

NA

Registered in:

South Carolina

Website:

NA

Date Created:

-

Manager:

Jackson R Coker, CEO

Date Incorporated:

May 25th 2006

Staff:

NA

Stock:

NA

 

 

Value:

NA

Activity:

It is a textile machinery wholesaler.

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Coker & Associates Of South Carolina LLC is a textile machinery wholesaler.

Products/Services description:

 

Picanol Model Omni F-2-R Air Jet Dobby Looms, 190-cm Wide, 2-Color, Staubli Model 2580RS Dobby, Electronic Let-Off, 6-Bank Stop Motion Detector, Fill Bobbin Stand, (2) Filling Feeders, Electrical Weft Cutters, Off Loom Take-Up, and Picanol.

Sales are:

 

Wholesale

Clients:

 

Textile Industries

Operations area:

 

National

The company imports from India

The company export to

LOCATION

Headquarters

 

According to the South Carolina Secretary of State, the company is now headquartered at 745 Landers Rd, Spartanburg, SC 29303, USA

 

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This company is privately held. Jackson Coker is the shareholder.

Management:

 

Jackson Coker, CEO

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted a male representative who refused to provide us any financial data on grounds of confidentiality.

Legal Fillings

 There are no UCC files listed with the Secretary of State of South Carolina.

 

 

There are no legal filings listed with the District Court.

 

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 records on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

Rating

 

Local credit bureau gave a Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

We contacted the company, but they refused to provide any information on grounds of confidentiality. The person contacted refused even to provide us with his name.

 

We don’t have any payment experience, no trade references were provided.

 

The primary information was obtained through the South Carolina Secretary of State.

 

However, the company is listed as GOOD STANDING in the Secretary of State.

 

We suggest a monitoring report within 6 months, in order to check the evolution.

 

In the meantime, we advice working with guarantees.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

 

APPENDIX

 

Comments

 

We contacted a male representative at the company's and he refused to give any information in grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.54

UK Pound

1

Rs.71.40

Euro

1

Rs.60.75

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.