MIRA INFORM
REPORT
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Report Date : |
08.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SOUTHERN AVIONICS COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.08.1962 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Navigational products manufacturer and supplier |
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 : |
Small Company |
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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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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: |
Southern Avionics Company |
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Address in the order: |
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Comments on data supplied: |
The address provided is that of the mailing address of the company. |
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Legal Name: |
Southern Avionics Company |
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Legal Address |
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Mailing Address |
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Telephone: |
(800) 648-6158 / (409) 842-1717 |
ID : |
0018625200 |
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Fax: |
(409) 842-2987 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1962 |
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Manager: |
John B Goodhue II, President |
Date Incorporated: |
August, 16th. 1962 |
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Staff: |
40 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Navigational products manufacturer and supplier |
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BANKS
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Name of the Bank |
WACHOVIA BANK,N.A |
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Name of the Bank |
NATIONSBANK, N.A |
BUSINESS
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HISTORY |
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The company was created in 1962 |
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PRINCIPAL ACTIVITY |
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Navigational products manufacturer and supplier |
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Products/Services description: |
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Some of their products are: NDB
Transmitters, NDB Couplers, NDB Antennas, Optional NDB Equipment. Some of their services are: Maintenance,
Onsite Assistance, Testing & Inspection, Equipment Upgrades, Training,
Technical Support, Installation |
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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 40 employee(s) |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
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Surface area: |
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30,000-ft2. |
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Comments on location: |
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Single location |
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. |
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Management: |
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· John B. Goodhue (President) · Jennifer Manriquez (Finance Executive) · Royce Everitt (Sales Executive) |
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 a person from the Acconting
Department (she refused to provide us with her name), who also refused
to provide us any financial data without knowing the name of the inquiring
party. |
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Legal Fillings |
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There are 3 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 ** 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 40 persons and has 48 years of experience in the market. We don't have any financial information,
nor do we have any payments experience. 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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Position |
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Woman from the Accounting Department |
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Comments |
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The person contacted refused to provide us any information on grounds
of confidentiality and refused to tell us her name. She transferred us to
Mrs. Angela's voicemail (from the accounting department as well), who would
apparently be willing to provide us with the information. Therefore, we left
her a message. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.70.38 |
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Euro |
1 |
Rs.58.93 |
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.