MIRA INFORM
REPORT
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Report Date : |
13.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AMG VANADIUM, INC. |
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Registered Office : |
Metallurg Vanadium Corporation |
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Country : |
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Date of Incorporation : |
25.04.2007 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplier of products and services for the metals, manufacturing,
refinery and petrochemical industries |
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 : |
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: |
AMG Vanadium Inc |
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Address in the order: |
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Legal Name: |
AMG Vanadium, Inc. |
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Legal Address |
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Operative Address |
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Telephone: |
(740) 435-4600 |
ID : |
4340513 |
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Fax: |
(740) 432-5937 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
Hoy E. Frakes Jr., President |
Date Incorporated: |
April, 25th. 2007 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of products and services for the metals, manufacturing,
refinery and petrochemical industries |
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BANKS
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Name of the Bank |
U.S. BANK NATIONAL ASSOCIATION |
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Name of the Bank |
WACHOVIA BANK, NATIONAL ASSOCIATION |
BUSINESS
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HISTORY |
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The company has recently changed its name from “Metallurg Vanadium Corporation”
to “AMG Vanadium, INC.” |
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PRINCIPAL ACTIVITY |
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Supplier of products and services for the metals, manufacturing,
refinery and petrochemical industries |
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Products/Services description: |
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The company provides services and products such as: -Spent Catalyst Services -Roaster services -Ferovan -FeNiMoly -Calcium Aluminate Synthetic slag REVAN -Titanium master Alloys -Vanadium chemicals The company was incorporated in |
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Sales are: |
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Wholesale |
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Brands: |
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-Ferovan -FeNiMoly -Calcium Aluminate Synthetic slag REVAN |
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Clients: |
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Professinals of the industry, mainly metals, manufacturing, refinery
and petrochemical industries |
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Operations area: |
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National, International |
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LOCATION |
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Headquarters |
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The legal address of the company is Corporation Trust Center 1209
Orange Street - However, it is headquartered at: |
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 “AMG Advanced
Metallurgical Group N.V.” |
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Management: |
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-Hoy E. Frakes Jr., President -R. James Carter, Vice President International Sales -Colleen Heacock, Director of Organizational Development and
Purchasing -Sandy Birch, Senior Customer Service Representative -Ed Forshey, Plant Manager -Dave Lewis, Technical Director -David Wardle, Quality Manager -Deena Schlosser, Customer Service Representative |
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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Legal Fillings |
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There are 6 UCC** files listed
with the Secretary of State of Ohio. 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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The company has been in business for more
than 3 years. We don't have any financial data, nor do we
have any payments 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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Sally |
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Position |
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Operator of the company |
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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.45.16 |
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1 |
Rs.70.64 |
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Euro |
1 |
Rs.58.68 |
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.