MIRA INFORM REPORT

 

 

Report Date :           

06.07.2011

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL ENVIROTECH INC

 

 

Registered Office :

P O Box 1287,  Alvin, Tx 77512-1287

 

 

Country :

United States 

 

 

Date of Incorporation :

11.05.1998

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturers and supplies offline of specialty oil field additives

 

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 25,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Global Envirotech Inc

Address in the order:

P O Box 2329 Alvin Texas 77512

Comments on data supplied:

The phone numbers provided is the one for an associated company: Global AM-TX, Inc.

The address is the mailing address for the company. You will find below the company’s correct addresses.

Legal Name:

Global Envirotech Inc

 

 

Legal Address

 

PO BOX 1287

ALVIN, TX 77512-1287, USA

 

Operative Address

120 Crouch Street

Alvin, TX 77511, USA

Telephone:

(281) 331 0155

File Number :

0149048500

Fax:

(281) 756 8960

Legal Form:

Corporation for Profit

Email:

gloenv@gloenv.com

Registered in:

Texas

Website:

http://gloenv.com

Date Created:

NA

Manager:

Eddie W Woods

Date Incorporated:

May 11, 1998

Staff:

9 (est.)

Stock:

NA

 

 

Value:

NA

Activity:

Manufacturers and supplies offline of specialty oil field additives.

 

 

BANK

 

Name of the Bank                BANK OF AMERICA

 

 

BUSINESS

 

HISTORY

 

Global Envirotech in Alvin, TX is a private company categorized under Oil Field Equipment. Our show it was established in 2007 and incorporated in Texas.

 

PRINCIPAL ACTIVITY

 

The company provides a full line of specialty additives.

Products/Services description:

 

Drilling Fluid Additives

Cement Additives

Enviromental Products

Polymers

Treating Chemicals

 

 

 

 

Operations area:

 

National, International

Trade References:

 

Despite our long searches we were unable to confirm the company’s trade references.

 

PAYMENTS

Regular

 

Comments on location:

 

Single Location

 




Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Marie Woods, Owner.

 

 

 

Management:

 

Ed Woods,    Principal.

Related Companies:

 

Global AM-TX, Inc

Strategic Minerals

Global Drilling de Mexico

 



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

$2.5 to 5 million

 


Legal Fillings

 There are no UCC** files listed with the Secretary of State of Texas.

 

There are no legal filings listed with the District Court.

 

The last annual report was filed on 2010.

 

 

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 records on financial obligations (including IRS liens) incurred by individuals (in business as a sole proprietor), business entities and corporations.

 

 

Rating

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

This a small company  that has been operating for several years

 

We did not find any specific adverse record against the company during the investigation.

 

Its income is correct for its size.

 

We advise a credit line in the range of USD 25,000

 

 






APPENDIX

 

Comments

 

We contacted the company but the person did not provided any information on grounds of confidentiality.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.50

UK Pound

1

Rs.71.25

Euro

1

Rs.64.40

 

 

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

----

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%)

 

 

 

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.