MIRA
INFORM REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SOUTHWEST STAINLESS LP |
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Registered Office : |
3411 |
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Country : |
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Date of Incorporation : |
06.05.1996 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Supplier of stainless steel, alumimum, super alloys, brass
and bronze products. |
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 : |
No Complaints |
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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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Note : |
The address you provided us doesn’t exist. We think that
you probably meant 3885 "Air" Park, Memphis TN, but we've found no
companies there. From our searches, we found that the subject company had a
branch location at a similar address: 3665 Air Park Memphis, TN 38118, but the operator of the company
confirmed us that it's a former location. We found "SOUTHWEST STAINLESS, L.P." in
Tennessee at the following address: 3930 Air Park Street - Memphis, TN 38118,
which belongs to a branch location of the subject company. |
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Legal Name: |
Southwest Stainless LP |
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Legal Address |
3411 Silverside Road Rodney Building #104 - Wilmington -
New Castle - DE - USA (Registered Agent address) |
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Operative Address |
8505 Monroe Road - Houston, Texas 77061 - USA
(Headquarters) |
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Telephone: |
(901) 375-1608 |
ID : |
2620918 |
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Fax: |
(901) 360-1995 |
Legal Form: |
Limited Partnership |
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Email: |
NA |
Registered in: |
Delaware |
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Website: |
http://www.sw-stainless.com/ |
Date Created: |
NA |
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Manager: |
Michael Stanwood, Partner |
Date Incorporated: |
May, 6th. 1996 |
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Staff: |
724 (at group level) |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of stainless steel, alumimum, super alloys, brass
and bronze products. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK, N.A. |
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Name of the Bank |
WACHOVIA BANK, N.A. |
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Name of the Bank |
CITIBANK, N.A. |
BUSINESS
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PRINCIPAL ACTIVITY |
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Supplier of stainless steel, alumimum, super alloys, brass
and bronze products. |
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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 pulp and paper, mining,
petrochemical, food and beverage, power, water/wastewater treatment and oil
and gas refinery industries. |
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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 724 (at group level) employee(s) |
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Comments
on staff: |
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The company employs 6 persons at the Tennessee branch
location. |
LOCATION
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Headquarters |
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The company is headquartered at: 8505 Monroe Road Houston, Texas 77061 - USA |
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Comments
on location: |
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The company was incorporated in Delaware due to tax
purposes |
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Branches: |
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The company has branch locations in Georgia, Ohio,
Illinois, Tennessee, Louisiana and Missouri |
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, which is a subsidiary of HD
Supply, Inc. |
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Management: |
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Michael Stanwood, Partner Terry Mc Kee, Branch Manager |
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 Mrs. Sherry, from the accounting department,
who refused to provide us any financial data without knowing the name of the
inquiring party. |
Legal Fillings
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There are several
UCC** files listed with the Secretary of State of Texas. 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. 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 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 big sized American company which employs 724 persons
at group level and has over 14 years of experience in the market. There were no legal filings found against the company or
its representatives. For the company requested, we have no financial
information, nor do we have any payment experience. Therefore, we suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
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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Person Interviewed |
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Mrs. Sherry |
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Position |
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Accounting department |
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Comments |
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The person contacted refused to provide 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.