MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
INDUSTRIAL PARTS DEPOT LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.06.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Industrial Machinery Wholesalers |
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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Maximum Credit Limit : |
USD 300,000 |
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Status : |
Satisfactory |
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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: |
IPD LLC |
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Address in the order: |
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Legal Name: |
Industrial Parts Depot LLC |
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Trade Name: |
IPD LLC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (310) 530-1900 |
ID : |
200416610084 |
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Fax: |
+1 (310) 530-2708 |
Legal Form: |
Corporation for Profit |
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Email: |
- |
Registered in: |
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Website: |
Date Created: |
1955 |
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Manager: |
Robert Rasmussen, Chairman |
Date Incorporated: |
June 10th, 2004 |
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Staff: |
70 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Industrial Machinery Wholesalers |
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BANKS
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Name of the Bank |
CITIBANK N A |
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Name of the Bank |
WELLS FARGO BANK |
BUSINESS
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HISTORY |
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This company was created in the year 1955. |
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PRINCIPAL ACTIVITY |
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The subject manufactures heavy-duty diesel and natural gas engine
parts. |
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Products/Services description: |
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Valves Gasket materials Cylinder liner packaging Water pump kits Components to heavy duty engine and equipment industry. |
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Sales are: |
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Wholesale |
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Brands: |
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Cummins Caterpillar |
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Clients: |
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Various industries. |
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Suppliers: |
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Cummins Caterpillar |
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Operations area: |
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International, Local |
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The company imports from Worldwide |
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The company export to |
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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 |
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Branches: |
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IPD IPD IPD |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is wholly own subsidiary of Storm Industries, Inc: |
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Management: |
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Chairman Robert Rasmussen, Chairman President Yossi Zekri, President Richard Grishaber, Vice President |
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 company, though our agent kept getting an
answering machine, so we were unable to reach a representative. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
23,100,000 |
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Legal Fillings |
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There
are 31 UCC** files listed with the Secretary of State of California. 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 records 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 company has been in business for 56
years. It has a staff of 70 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. It showed a correct profitability for the
year 2010. A credit line may be considered for USD
300,000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Comments |
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Our agent tried several times to contact the company, though we kept getting
an answering machine. We left a message but we haven't talk to them yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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.