MIRA
INFORM REPORT
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Report Date : |
02.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CHICK MASTER INCUBATOR COMPANY |
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Registered Office : |
1375 E 9th St 20th Fl Cleveland,OH
44114 |
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Country : |
United States |
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Date of Incorporation : |
25.01.1974 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Plumbing, Heating, and Air-Conditioning
Contractors and Farm Machinery and Equipment Manufacturing |
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 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
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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Comments on data supplied: |
Dear client, The address provided is
that of a branch location. |
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Legal Name: |
Chick Master Incubator Company |
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Legal Address |
1375 E 9th St 20th Fl Cleveland,OH 44114 USA |
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Operative Address |
25 Rockwood Place, Suite
335, Englewood, New Jersey, 07631, USA |
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Telephone: |
+1 (201) 871-8810 |
ID : |
448940 |
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Fax: |
+1 (201) 871-8814 |
Legal Form: |
Corporation for Profit |
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Email: |
info@chickmaster.com |
Registered in: |
Ohio |
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Website: |
http://www.chickmaster.com |
Date Created: |
1948 |
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Manager: |
Robert B Holzer, Chairman
Of The Board |
Date Incorporated: |
January, 25th. 1974 |
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Staff: |
118 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Plumbing, Heating, and
Air-Conditioning Contractors Farm Machinery and
Equipment Manufacturing |
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BANKS
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Name of the Bank |
FIRSTMERIT BANK, N.A. |
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Name of the Bank |
PNC BANK, NA |
BUSINESS
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HISTORY |
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The company was founded
in 1948. |
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PRINCIPAL ACTIVITY |
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Plumbing, Heating, and
Air-Conditioning Contractors Farm Machinery and Equipment
Manufacturing |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted
refused to provide the name of the suppliers for us to check trade
references. |
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Operations area: |
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National, International |
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The subject employs 118
employee(s) |
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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 the address lsited above. |
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Branches: |
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The company has a branch
location in Ohio. |
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. Despite our long searches, we could not identify the main shareholders. |
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Management: |
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Robert B Holzer, Chairman
Of The Board |
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 the operator
of the company, who refused to provide us any financial data without
knowing the name of the inquiring party. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
18,700,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are several UCC** files listed with the
Secretary of State of Ohio and New Jersey. 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
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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 medium sized
American company which employs 118 people and has 53 years of experience
in the market. There were no legal
filings found against the company or its legal representatives. The income per employee
remains pretty fair for the company's size. A credit line may be
considered for USD 300,000.- |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Operator |
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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.44.58 |
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1 |
Rs.71.75 |
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Euro |
1 |
Rs.64.80 |
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 |
-- |
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.