MIRA INFORM
REPORT
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Report Date : |
31.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
ALLIED FITTING L.P. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.01.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Industrial Supplies Merchant Wholesaler |
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 : |
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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: |
Allied Fitting L.P. ( |
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Address in the order: |
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Legal Name: |
Allied Fitting L.P. |
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Legal Address |
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Telephone: |
+1 (713) 799-1100 |
ID : |
17415015787 |
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Fax: |
+1 (713) 799-1007 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1988 |
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Manager: |
Marc Herzstein, President |
Date Incorporated: |
January 1st, 2000 |
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Staff: |
80 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Industrial Supplies Merchant wholesaler |
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BANKS
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Name of the Bank |
J P Morgan Chase |
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Name of the Bank |
Bank Of |
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Name of the Bank |
Bank One |
BUSINESS
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HISTORY |
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This company was created in the year 1988. |
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PRINCIPAL ACTIVITY |
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Allied Fitting, L.P.specializes in providing heavy wall, as well as
full range of 'non-common' schedule flanges, and large O.D. material. |
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Products/Services description: |
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Valves Pistons Fittings Flange |
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Sales are: |
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Wholesale |
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Brands: |
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ASTM ASME ANSI MSS NACE |
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Operations area: |
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National, International, Local |
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The company imports from |
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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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This company is headquartered at |
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Branches: |
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827 South Wanamaker, |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is a wholly owned subsidiary of Allied International
S.R.L. |
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Management: |
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Marc Herzstein, President Ricardo Ibarra, CFO |
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 a male receptionist 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 11 UCC** files listed with the
Secretary of State of Texas. There are no legal filings listed with the
District Court. There were a legal filing found for this
company, that finished on October 2006. 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 incorporated for business
for 11 years; it has a staff of 80 employees which makes it a small sized
company. There was a lawsuit against them,
that ended up on October 2006. As there were no financial information for
this company, we strongly suggest working with guarantees. |
SUMMARY
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Profitability |
N.A. |
Public Records |
YES |
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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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Receptionist |
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Comments |
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He refused to confirm the company's address, and refused to gie us any
further information about the company 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.45.74 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.62.73 |
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 |
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.