MIRA INFORM
REPORT
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Report Date : |
14.01.2011 |
IDENTIFICATION DETAILS
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Name : |
CANNON INSTRUMENT COMPANY |
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Registered Office : |
2139, |
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Country : |
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Date of Incorporation : |
25.08.1959 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Industrial Process Instruments |
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 : |
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: |
Cannon Instrument Company |
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Address in the order: |
2139, |
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Legal Name: |
Cannon Instrument Company |
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Legal Address |
2139, |
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Operative Address |
2139, |
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Telephone: |
+1 (814) 353-8000 +1 (800)-676-6232 |
ID : |
55082 |
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Fax: |
+1(814)353-8007 +1(800)353-8006 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1938 |
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Manager: |
Charles Maggi, President |
Date Incorporated: |
August 25th 1959 |
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Staff: |
90 |
Stock:N/A |
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Value:N/A |
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Activity: |
Industrial Process Instruments |
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BUSINESS
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HISTORY |
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The company was founded in 1938 though it was established in 1959
incorporated in |
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PRINCIPAL ACTIVITY |
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The company is categorized under Tank Measuring Devices Manufacturers
and production of test equipment. |
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Products/Services description: |
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Automated viscometers, bending beam rheometers, constant temp baths, digital
vacuum regulators, general apparatus, glass viscometers, distillation packing
products, rotary viscometers, software, thermometers, petroleum testers, fuel
stability analyzers, and accessories |
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Sales are: |
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Wholesale |
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Brands: |
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TEBBR TEBBRACC |
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Clients: |
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General Industries |
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Operations area: |
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National, International, Local |
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The company does not import |
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The company export to Worldwide |
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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 2139, |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders |
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Management: |
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Pat Maggi, President Frank Saylor. Vice President of sales |
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 Kimberly who refused to
provide us any financial data on grounds of confidentiality without knowing
the name of the inquiring party. |
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Legal Fillings |
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There
are no UCC** files listed with the Secretary of State of Pennsylvania. 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 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 company has been in business for
years; It has a staff of 90 employees which makes a medium company. As there were no financial transactions
for this company we strongly suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.13 |
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1 |
Rs.71.05 |
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Euro |
1 |
Rs.59.10 |
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.