MIRA
INFORM REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
CINCINNATI METALS COMPANY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.07.1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Stocking wire distributors in |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 Economic Risk: Nil |
Currency: USD |
IDENTIFICATION
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Legal Name: |
Cincinnati Metals Company INC |
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Legal Address |
7107 Kirkcalay Drive - West Chester,OH 45069 - USA
(Registered agent address) |
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Operative Address |
8261 Cornell Road Suite 620, Cincinnati OH45241 - USA
(Headquarters) |
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Telephone: |
(513) 755-9473 |
ID : |
618024 |
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Fax: |
(513) 755-9603 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Ohio |
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Website: |
Date Created: |
1983 |
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Manager: |
Bradford Franks, President |
Date Incorporated: |
July 28th., 1983 |
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Staff: |
14 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Stocking wire distributors in North America |
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BANKS
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Name of the Bank |
LCNB NATIONAL BANK |
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Name of the Bank |
CITIBANK, N.A. |
BUSINESS
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HISTORY |
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The company was founded in 1983. |
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PRINCIPAL ACTIVITY |
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Stocking wire distributors in North America. |
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Products/Services
description: |
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The company is engaged in providing the following
products: - Electro Polishing Quality T304 and T316 stainless steel
wire - Non-Ferrous Cold Heading Wire - Stainless Cold Heading Wire |
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Sales
are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted refused to provide the name of the
suppliers for us to check trade references |
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Operations
area: |
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National |
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The subject employs 14 employee(s) |
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Branches: |
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Its main distribution center is located in Chicago,
Illinois |
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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This is a private company, in which Mr. Bradford Franks is
the main shareholder. |
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Management: |
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Bradford Franks, President Elizabeth Goldman, Accountant |
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 the operator of the company who
refused to provide us any financial data without knowing the name of the
inquiring party. |
Legal Fillings
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There are 7 UCC**
files listed with the Secretary of State of Ohio. 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. |
Rating
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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. |
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Final Opinion
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This is a small sized American company, with 14 employees
and 27 years of experience. There were no legal filings found against the company or
its representatives, We don't have payment experience for this company, nor do
we have any financial information. Therefore, we suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide us any information
on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
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.