MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HARDY INDUSTRIAL TECHNOLOGIES LLC |
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Formerly Known As : |
TWIN RIVERS TECHNOLOGIES - |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.10.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer and distribution
of Industrial Organic Chemicals oleo chemicals |
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 350.000 |
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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: |
Hardy Industrial Technologies |
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Address in the order: |
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Legal Name: |
HARDY INDUSTRIAL TECHNOLOGIES LLC (Hardy Industrial Technologies) |
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Trade Name: |
Hardy Industrial Technologies |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (440) 350-6300 |
ID : |
3580977 |
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Fax: |
+1 (440) 350-6320 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
2002 |
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Manager: |
Eric Lofquist, CEO |
Date Incorporated: |
October 17th 2002 |
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Staff: |
70 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer and distribution of Industrial Organic Chemicals oleo
chemicals |
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BANKS
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Name of the Bank |
FIRSTMERIT BANK |
BUSINESS
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HISTORY |
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This company was created in the year 2002. The company was formerly known as TWIN RIVERS TECHNOLOGIES - |
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PRINCIPAL ACTIVITY |
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The company engages as Manufacturer and distribution of Industrial
Organic Chemicals oleo chemicals |
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Products/Services description: |
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This company engages in Chemicals, Reagent Grade: Refined From
Technical Grade |
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Sales are: |
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Retail |
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Clients: |
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Industries in General |
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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 |
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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 |
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The property is: |
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Owned |
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Comments on location: |
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This company is incorporated in However, it is headquartered in |
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Branches: |
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There were no branches found for this company. |
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 |
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 Kristen who refused to provide us any financial data
on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
$72,500,000 |
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Legal Fillings |
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There are 7 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 company has been in business for 7 years;
it has a staff of 70 employees. There are no legal proceedings against this
company or its legal representatives. A credit line may be considered for USD
350.000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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kristen |
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Position |
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Receptionist |
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Comments |
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Refused to provide us with information due to confidentiality reasons. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.59 |
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1 |
Rs.72.31 |
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Euro |
1 |
Rs.60.73 |
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.