MIRA INFORM REPORT

 

 

Report Date :

08.07.2011

 

IDENTIFICATION DETAILS

 

Name :

WILSON OILFIELD SERVICES INC.

 

 

Registered Office :

377 Cement MT Road, Graham, Texas 76450

 

 

Country :

United States

 

 

Date of Incorporation :

04.11.2010

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Oil and Gas Field Services

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 35,000

 

 

Status :

Small Company

 

 

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

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Competitive

 

 

IDENTIFICATION

 

Legal Name:

Wilson Oilfield Services Inc.

 

 

Legal Address

377 Cement MT Road, Graham, Texas 76450, USA

 

 

Telephone:

+ 1 (940) 456-1504

File Number :

0801338790

Fax:

+ 1 (940) 521-0605

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Texas

Website:

NA

Date Created:

2008

Manager:

Samuel Earl Wilson Owner

Date Incorporated:

November 4 , 2010

Staff:

20-50 employees

Stock:

NA

 

 

Value:

NA

Activity:

Oil and Gas Field Services, N.E.C.

 

 

BUSINESS

 

HISTORY

 

WILSON OILFIELD SERVICE is in the Oil and Gas Field Services company.

 

The entity was created in 2008.

 

PRINCIPAL ACTIVITY

 

The company s working in the oil and gas services industry.

 

This is a young structure.

 

We hardly found information on the business.

Sales are:

 

Wholesale

Operations area:

 

National, International

Trade References:

 

Despite our long search we were not able to identify the company’s trade references.

 

PAYMENTS

Regular

 



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Samuel Earl Wilson  - Owner

Management:

 

Samuel Earl Wilson  - Officer



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

 5,000,000 to 9,999,999.

 

 


Legal Fillings

 There is 1 UCC** files listed with the Secretary of State of Texas.

 

Filing Number:  80023303968

Filing Date:  07-11-2008

Secured Party:  DEERE & COMPANY

 

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 records 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

 

The company is a small company that has been in business for 3 years.

 

It has a working staff of 20 people.

 

There are no legal incidences against this company.

 

Financial results for 2010 appear to be positive.

 

A credit line may be considered for USD 35,000.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 



APPENDIX

 

Person Interviewed

 

Mr-Samuel Earl Wilson

Position

 

Owner

Comments

 

We contacted Mr. Samuel Wilson the Owner. He was not cooperative.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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.