MIRA INFORM
REPORT
|
Report Date : |
31.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
METGLAS, INC. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03.07.2003 |
|
|
|
|
Com. Reg. No.: |
3659830 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of magnetic products and electronic materials |
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 200,000 |
|
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) |
|
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Metglas Inc |
||
|
Address in the order: |
440, Allied Drive, |
||
|
Legal Name: |
Metglas, Inc. |
||
|
Legal Address |
CORPORATION TRUST CENTER 1209 ORANGE STREET, WILMINGTON DE 19801
(registered agent) |
||
|
Operative Address |
440, Allied Drive, |
||
|
Telephone: |
+1 800 581 7654 / 843 349 7319 |
Registration Number : |
3659830 |
|
Fax: |
+1 843 349 6815 |
Legal Form: |
Limited Liability Company |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
- |
|
|
Manager: |
Taiji Yamada, Chief Executif Officer |
Date Incorporated: |
July 3rd, 2003 |
|
Staff: |
200 |
Stock: |
N.A |
|
|
|
Value: |
N.A |
|
Activity: |
Manufacture of magnetic products and electronic materials. |
||
BANKS
|
Name of the Bank |
Bank of |
BUSINESS
|
HISTORY |
|
|
|
This company pioneered the development of amorphous metal alloys in
1970 and began commercialization in the early 1980’s. This company was
established on 2003. |
|
PRINCIPAL ACTIVITY |
|
|
|
This company produces proprietary alloys and products that exhibit
unique mechanical, electrical, and magnetic properties for use in electronic,
industrial and consumer-related applications. From small inductor cores used
in personal computers to industrial-size transformers found in power grid
distribution and large manufacturing plants, Metglas, Inc. |
|
Products/Services description: |
|
|
|
Electronic Components Pulse Power Cores Magnetic Materials Brazing Foils Emerging Technologies |
|
Sales are: |
|
|
|
Wholesale |
|
The company imports from Worldwide |
|
|
The company export to Worldwide |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
This company is headquartered at 440, Allied Drive, Conway SC 229529 |
|
Comments on location: |
|
|
|
This Company is incorporated in |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This company is a wholly owned subsidiary of Hitachi Metals America |
|
Management: |
|
|
|
Taiji Yamada, Chief Executif Officer |
|
Related Companies: |
|
|
|
More Eco-Products YSS Specialty Steel Scuba Aluminum Wheels |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted Jimmy Gordon who refused to provide us any financial
data on grounds of confidentiality. |
|
Currency |
DATE |
|
USD |
2008 |
|
Turnover |
45,800,000 |
|
Operating Income |
2,800,000 |
|
Net Income |
2,200,000 |
|
Net worth |
5,000,000 |
|
Liabilities |
900,000 |
|
The cash flow is |
7 |
|
Legal Fillings |
|
There are five UCC files listed with the
Secretary of State of South Carolina. 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
|
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 is a big company with 200 employees
which makes it a large sized company. It's a Manufacture of magnetic products
and electronic materials. There were no financial information found
for this company, and the representative refused to speak with us stating
that they did not apply for any credit line. There were no legal filings
found against this company or its legal representatives. Therefore, a credit line may be considered
for USD 200,000 |
SUMMARY
|
|
|
||
|
Profitability |
N.A. |
Public Records |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
N.A. |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Jimmy Gordon |
|
Position |
|
|
|
Representative |
|
Comments |
|
|
|
He stated they did not apply for any credit, and refused to give us
further information due to confidentiality reasons. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.74 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.62.73 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.