MIRA INFORM REPORT

 

Report Date :

28.01.2011

 

IDENTIFICATION DETAILS

 

Name :

TEXTILEATHER CORP

 

 

Registered Office :

Corporation Trust Center 1209 Orange Street Wilmington De 19801

 

 

Country :

United States 

 

 

Date of Incorporation :

08.05.1990

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufactures Automotive Vinyl Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 500.000

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Textileather Corp

Address in the order:

3729 Twining Street, P.O. Box 875, Toledo, Ohio 43697

Comments on data supplied:

Dear Client: The address provided in the order 3729 Twining Street, P. O: box 875, Toledo, Ohio 43697 is that of a non incorporated business unit, we have learned that the headquarters are at3729 Twining Street

Toledo, OH 43608.

Legal Name:

Textileather Corp

Legal Address

CORPORATION TRUST CENTER 1209 ORANGE STREET WILMINGTON DE 19801(Reg agent)

Operative Address

3729 Twining Street, P.O. Box 875, Toledo, Ohio 43697

Telephone:

+1 (419) 729-3731

ID  :

2229997

Fax:

+1 (419) 729-7529

Legal Form:

Corporation for Profit

Email:

-

Registered in:

Delaware

Website:

-

Date Created:

1909

Manager:

Robert Cristinzio, President

Date Incorporated:

May 08th, 1990

Staff:

385

Stock:

N/A

 

 

Value:

N/A

Activity:

Manufactures Automotive Vinyl Products

 

 

BANKS

 

Name of the Bank

Fifth Third Bank

Name of the Bank

Pullman Bank

Name of the Bank

First National Bank

 

BUSINESS

 

HISTORY

 

This company was founded in 1909.

PRINCIPAL ACTIVITY

 

Textileather Corp is categorized under Leather-Artificial Manufacturers.

Sales are:

 

Retail

Clients:

 

General Clientele

Operations area:

 

National, International, Local

PAYMENTS

 

regular

LOCATION

Headquarters

 

This company is headquartered at 3729 Twining Street Toledo, OH 43608-1315

Comments on location:

 

This Company is incorporated in Delaware for tax purposes. However, it is headquartered in Ohio.

 



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This company is a wholly owned subsidiary of General-Tower Limited which is on Canada. 

Management:

 

Robert Cristinzio, President.

Tom Allen, President.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

USD

2010

Turnover

63,100,000

 

Legal Fillings

 There are 66 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 United States citizens and permanent residents are prohibited from doing business.

 

** 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 United States of America. 

 

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

 

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.

 

 

 Final Opinion

 

This company has been in business for 102 years; it has a staff of 385 employees which makes it a large sized company. There were no legal filings found against the company or its legal representatives.

this company also works as a subsidiary of a Canadian Company.

 

A credit line may be considered for USD 500.000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

N.A.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.57

UK Pound

1

Rs.72.50

Euro

1

Rs.62.46

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.