MIRA INFORM REPORT

 

 

Report Date :

16.08.2011

 

IDENTIFICATION DETAILS

 

Name :

BLUE BIRD BODY COMPANY (REQUESTED AS BLUE BIRD FORT VALLEY)

 

 

Registered Office :

PO Box 937, Fort Valley, GA 31030-0937

 

 

Country :

United States

 

 

Year of Establishment :

1927

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Designs and manufactures school and activity buses in various options and configurations.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

USD 20,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Normal

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Legal Name:

Blue Bird Body Company (requested as Blue Bird Fort Valley)

 

 

Legal Address

PO Box 937, Fort Valley, GA 31030-0937, USA

Operative Address

402 Blue Bird Blvd, Fort Valley, GA 31030, USA

Telephone:

+1 (478) 825-2021

ID :

J406529

Fax:

+1 (478) 822-2457

Legal Form:

Corporation for Profit

Email:

info@blue-bird.com

Registered in:

Georgia

Website:

http://www.blue-bird.com/

Date Created:

1927

Manager:

Phil Horlock, CEO and President

Date Incorporated:

July 1st, 1958

Staff:

1200

Stock:

NA

 

 

Value:

NA

Activity:

Designs and manufactures school and activity buses in various options and configurations.

 

 

BANKS

 

Name of the Bank

LASALLE BANK NATIONAL

 

BUSINESS

 

HISTORY

 

The company was created in 1927.

PRINCIPAL ACTIVITY

 

Designs and manufactures school and activity buses in various options and configurations.

Products/Services description:

 

The company offers a complete line of Type A, C and D school buses in a variety of options and configurations. Additionally, Blue Bird provides comprehensive financial solutions through Blue Bird Capital Services.

It operates from two offices in the United States, and another one in Canada.

Sales are:

 

Wholesale

Clients:

 

Public school districts, private schools, state and local governments, various municipal authorities, commercial school bus contractors, and the United States government.

Operations area:

 

National, International

The company export to Africa, Asia, the Caribbean, Latin America, Europe and the Middle East

The subject employs 1200 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 402 Blue Bird Blvd, Fort Valley, GA 31030, USA.

Branches:

 

Blue Bird South

6144 Hwy. 341 S.

Fort Valley, GA 31030

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This company is a wholly owned subsidiary of Traxis Group B.V. Gothenburg, Sweden.

Management:

 

Phil Horlock, CEO and President

John Kwapis, Chief Operating Officer  

Dan Clarke, Executive Vice President, Commercial and Business Development

Steve Girardin, President and CEO, Micro Bird Inc.

Vice Presidents:

Dean Coulson – Vice President Material Planning / Logistics

Bill Danner – Vice President North America Sales

Trey Jenkins – Vice President Purchasing

Travis Kelly – Vice President Finance

Paul Marcela – Vice President General Council & Secretary

Mike McCurdy – Vice President Human Resources

Don Nichols – Vice President Aftermarket Parts / Customer Service

Jeff Sanfrey – Vice President Manufacturing Engineering

Ron Sheldon – Vice President International Sales

Dave Whelan – Vice President Manufacturing & Quality

Dennis Whitaker – Vice President Product Engineering

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

 

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

 

We have contacted the company several times during business hours and we were transferred to an automatic voicemail. We left a message and nobody replied it yet.

 

Legal Fillings

 

 There are several UCCs files listed with the Secretary of State of Georgia.

 

There are no legal filings listed with the District Court.

 

The last annual report was filed on February 17th, 2011.

 

 

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

 

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.

 

 

 Final Opinion

 

The subject is a big sized US company as it currently has a staff of 1200 employees.

 

It was incorporated for business in 1927. Therefore, it has more than 83 years of experience.

 

The company designs and manufactures school and activity buses in various options and configurations. It operates within the United States and internationally.

 

BLUE BIRD CORPORATION is a subsidiary of Traxis Group B.V., a company located in Gothenburg, Sweden.

 

There were no legal filings found against the company or its legal representatives.

 

Due to the fact that there is payment experience recorded, a credit line may be considered for USD 20,000-.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public Records

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company several times during business hours and we were transferred to an automatic voicemail. We left a message and nobody replied it yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.53

Euro

1

Rs.64.36

 

 

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

--

NB

                                       New Business

 

--

 

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.