MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
HOLMES EQUIPMENT CO |
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Registered Office : |
1809 Read |
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Country : |
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Date of Incorporation : |
20.07.1981 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Bakery Equipment Saler |
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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Maximum Credit Limit : |
USD 15,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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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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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
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Holmes Equipment Co |
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Address in the order: |
1809 Read ST |
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Legal Name: |
Holmes Equipment Co |
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Legal Address |
1809 Read |
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Telephone: |
(402) 457-6039 |
ID : |
0590045 |
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Fax: |
(402) 451-3022 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1980 |
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Manager: |
Tom Holmes, Owner |
Date Incorporated: |
July, 20th. 1981 |
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Staff: |
6 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Bakery equipment saler |
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BANKS
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Name of the Bank |
AMERICAN NATIONAL BANK |
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Name of the Bank |
FIRST NATIONAL BANK |
BUSINESS
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HISTORY |
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Holmes Equipment Company was founded in 1980 by Tom Holmes |
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PRINCIPAL ACTIVITY |
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Bakery equipment saler |
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Products/Services description: |
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These are the products the company currently offers: -Mixers: Continuous Mixers Horizontal Mixers Ingrediators Liquid Brew Systems Mixer Accessories Ribbon Blenders Vertical Mixers -Bread Equipment: Baggers Chunkers & Pumps Coolers Dividers Pan Oiler Pan Stack/Unstack Proofers Seeder/Splitter Sheeter - Moulders -Bun Equipment: Bun Dividers Coolers Depanners Pan-O-Mats Pan Shakers Pan Stack/Unstack Proofers Pumps Seeder/Splitter (Among others) |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry, mainly baking 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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The subject employs 6 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: 1809 Read Street |
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Surface area: |
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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. Tom Holmes is the main
shareholder. |
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Management: |
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Tom Holmes, Owner Patricia Holmes, Secretary |
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. |
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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 |
2009 |
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Turnover |
1,000,000 (estimates) |
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The cash flow is |
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Legal Fillings |
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There are 3 UCC** files listed with the
Secretary of State of Nebraska. 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 ** 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 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 sized American company which
employs 6 persons and has been in business for 30 years. There were no legal filings found against
the company or its representatives. The income per employee is pretty fair for
the company's size. A credit line may be consider for USD
15,000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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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 with 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.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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 |
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.