MIRA
INFORM REPORT
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Report Date : |
02.07.2011 |
IDENTIFICATION DETAILS
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Name : |
MASTERMANS LLP |
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Registered Office : |
11 C Street - Auburn - MA
01501-0000 |
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Country : |
United States |
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Date of Incorporation : |
03.05.1996 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Protection supplies saler |
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 75,000 |
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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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Legal Name: |
Mastermans LLP |
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Legal Address |
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Telephone: |
+1 (800) 525.3313 |
ID : |
042899654 |
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Fax: |
+1 (800) 525.0396 |
Legal Form: |
Limited Liability Partnership |
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Email: |
cs@mastermans.com |
Registered in: |
Masachusetts |
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Website: |
http://www.mastermans.com |
Date Created: |
NA |
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Manager: |
Ben Masterman, Owner |
Date Incorporated: |
May, 3rd. 1996 |
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Staff: |
25 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Protection supplies saler |
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BANKS
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Name of the Bank |
FLEET NATIONAL BANK |
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Name of the Bank |
Bank of America |
BUSINESS
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PRINCIPAL ACTIVITY |
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Protection supplies saler |
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Products/Services description: |
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The company is engaged in
providing the following categories of products: Carts - Trucks -
Dollies Communication
Systems Confined Space Containment Dock Equipment Drum Handling Ergonomics Eye Protection Facilities
Maintenance Fall Protection First Aid Foot Protection Hand Protection Head and Face
Protection Hearing Protection Janitorial Matting Protective Clothing Respiratory
Protection Seasonal Shelving - Racking Shipping Supplies Specials Storage - Bins Traffic Safety Washroom Welding Workspace |
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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, Local |
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The subject employs 25
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 listed above. |
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Surface area: |
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Branches: |
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The company has no branch
locations. |
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. Ben Masterman is the main shareholder. |
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Management: |
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Ben Masterman, Owner Kevin Landry, IT
Executive Dick Taylor, Finance
Executive Cindy Dwelly, Human
Resources Executive Kristen Dadah Wall,
Marketing Executive |
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 |
4,500,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are 5 UCC** files listed with the
Secretary of State of Massachusetts. 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 small sized
American company which employs 25 people and has been incorporated for
business for 15 years. 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 75,000.- |
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.