MIRA INFORM
REPORT
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Report Date : |
03.01.2011 |
IDENTIFICATION DETAILS
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Name : |
WESTERN FORMS, INC |
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Registered Office : |
600 West Main - Jefferson City MO 65102 - |
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Country : |
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Date of Incorporation : |
10.09.1958 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Plate and sheet metal
work manufacturers and distributors |
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 750,000 |
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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: |
Western Forms Inc |
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Address in the order: |
6200 Equitable Road, |
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Comments on data supplied: |
The address provided is that of an operative location |
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Legal Name: |
Western Forms, INC |
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Legal Address |
600 West Main - Jefferson City MO 65102 - |
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Operative Address |
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Telephone: |
(816) 241-0477 |
ID : |
00092908 |
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Fax: |
(816) 241-6877 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1958 |
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Manager: |
Ron Ward, CEO |
Date Incorporated: |
September, 10th. 1958 |
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Staff: |
290 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Plate and sheet metal work manufacturers and distributors |
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BANKS
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Name of the Bank |
FIRST AMERICAN BANK |
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Name of the Bank |
HILLCREST BANK |
BUSINESS
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HISTORY |
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The company was created in 1958 |
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PRINCIPAL ACTIVITY |
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Plate and sheet metal work manufacturers and distributors |
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Products/Services description: |
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Western Forms, Inc. delivers performance concrete form panels,
hardware, tools, and concrete form accessories. They provide many services. One of them is the “Engineering service”:
they convert architectural plans to a 3D-modeled shell. |
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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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Operations area: |
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National, International |
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The subject employs 290 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The legal address of the company is 600 West However, it is headquartered at: |
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Comments on location: |
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The company has other locations in Miami (USA) and |
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. The Ward family is the main shareholder of the company. |
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Management: |
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- Ron Ward, Chief Executive Officer - Chris Ward, National Sales Manager - Dan Ward, Credit Manager - Brian Ward, Executive 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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Our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
50,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Missouri. There are no legal filings listed with the
District Court. The last annual report was filed on 2010. 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 medium sized American company
which employs 290 persons and has 52 years of experience in the market. A credit line may be consider for USD
750,000.- |
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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Accounting department's voicemail |
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Comments |
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We tried to reach a member of the company, but no one answered the
telephone. We were able to get to the accounting department's voicemail and left
a message in order to get further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.81 |
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1 |
Rs.59.81 |
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Euro |
1 |
Rs.69.29 |
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.