MIRA INFORM
REPORT
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Report Date : |
15.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
EP CLEVELAND INC |
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Formerly Known As : |
Europower Cleveland Inc |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.11.2009 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Hydraulic Equipment 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 : |
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: |
Europower Inc |
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Address in the order: |
7621 |
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Comments on data supplied: |
Dear client, The correct name of the company was “Europower Cleveland Inc”, but it has
changed its name to “EP Cleveland Inc.” |
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Legal Name: |
EP Cleveland Inc (formerly known as Europower Cleveland Inc) |
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Trade Name: |
Europower Cleveland Inc |
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Legal Address |
Corporation Trust Center |
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Operative Address |
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Telephone: |
(216) 447-0898 |
ID : |
4753253 |
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Fax: |
(216) 447-0898 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1969 |
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Manager: |
Richard Krause, President |
Date Incorporated: |
November, 13th. 2009 |
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Staff: |
30 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Hydraulic Equipment supplier |
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BUSINESS
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HISTORY |
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The company was created in 1969 |
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PRINCIPAL ACTIVITY |
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Hydraulic equipments supplier |
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Products/Services description: |
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The company provides these products: -Hoses -Hose Ends -Tube and Tube Fittings -Adapters -Accessories & Miscellaneous (Among others) |
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Sales are: |
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Wholesale |
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Clients: |
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The person contacted refused to provide with the name of the suppliers
for us to check trade references. |
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Operations area: |
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Local |
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The subject employs 30 employee(s) |
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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: |
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Comments on location: |
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The company is incorporated in |
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. It is a subsidiary of Fluid Routing
Solutions, Inc. |
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Management: |
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Richard Krause, 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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We have contacted Mrs. Lee Myers, from the
accounting department, who 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 5 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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This is a small sized American company
which employs 30 persons and has 41 years of experience in the market. 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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Mrs. Lee Mayers |
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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 us 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.45.30 |
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1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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.