MIRA INFORM REPORT
|
Report Date : |
09.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SB INTERNATIONAL INC |
|
|
|
|
Registered Office : |
2108 Utopia Ave, Nashville, Tennessee |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
01.07.1982 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Supplier of cylinder head components |
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 150,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
S B International Inc |
||
|
Address in the order: |
3626 N Hall Suite # 910 Dalas Texas 75219 |
||
|
|
|
||
|
Legal Name: |
SB INTERNATIONAL INC |
||
|
Trade Name: |
TENNESSEE SB INTERNATIONAL INC |
||
|
Legal Address |
2108 UTOPIA AVE, Nashville, Tennessee, USA. |
||
|
|
|
||
|
Telephone: |
+ 1 (615) 248-6281 |
ID : |
000117986 |
|
Fax: |
+ 1 (615) 248-6377 |
Legal Form: |
Corporation for Profit |
|
Email: |
bregan@sbintl.com |
Registered in: |
Tennessee |
|
Website: |
http://www.sbintl.com |
Date Created: |
1982 |
|
Manager: |
CHRISTINE BARGGREN, CHAIRMAN OF THE BOARD |
Date Incorporated: |
July 1, 1982 |
|
Staff: |
20 - 50 employees |
Stock: |
2 000 |
|
|
|
Value: |
No Par Value |
|
Activity: |
Supplier of cylinder head components. |
||
BANKS
|
Name of the Bank |
AMSOUTH |
|
Name of the Bank |
FIRST TENNESSEE BANK |
|
Name of the Bank |
FIRST AMERICAN NATIONAL BANK |
BUSINESS
|
HISTORY |
|
|
|
The company was founded in 1982. In 2001 SBI acquired Ertel™, Ohio™ and Nylen™ brand valve guide
marketing rights to become the exclusive worldwide aftermarket distributor. In 2008, SBI and K-Line Industries signed an agreement making SBI Exclusive
Master Distributor of K-Line's renowned Bronze Bullet® valve guide liners and
guide-liner tooling. |
|
PRINCIPAL ACTIVITY |
|
|
|
Supplier of cylinder head components in the automotive aftermarket. Downwards, a list of the products offered: * Valve Seat Inserts * Valves * Valve Keepers * Valve Stem Seals * Valve Guides * Valve Springs * Lifters * Rocker Arm Components * Pushrods * Head Bolts * Head Saver Shims * Heat Tabs * Injector Tubes and Components * K-Line Bronze Valve Guide Liners and Miscellaneous Tooling SBI supplies worldwide to engine parts distributors, production
re-builders and specialty markets. Coverage includes automotive, light truck,
heavy duty truck and equipment, agricultural, marine and industrial engines. This infrastructure enables SBI to provide local support and
dependable availability for customer convenience. The company is member of the Engine Rebuilders Association and the
Automotive Aftermarket Industry Association. |
|
Sales are: |
|
|
|
Wholesale |
|
Trade references:
Despite our long searches we were unable to confirm the trade
references with the staff. |
|
|
PAYMENTS |
|
|
|
regular |
|
Comments on location: |
|
|
|
However, it has several distribution centers around the US: Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana,
Kansas, Massachusetts, Minnesota, Missouri, North Carolina, New York, Ohio,
etc. SBI has more than 40 factory warehouse distribution centers located
throughout United States and Canada They also have operative offices in Canada: Alberta, British Columbia, Manitoba, New Brunswick, Ontario and
Quebec. |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
Christine Barggren is the mayor shareholder. |
|
Management: |
|
|
|
Christine Barqqueren CEO B. Bender President John Corbin Director Hearstill Ragon Director |
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 |
|
Currency |
DATE |
|
USD |
2008 |
|
Turnover |
8 240 000 |
|
Operating Income |
172 000 |
|
Net Income |
97 000 |
|
Net worth |
700 000 |
|
Liabilities |
45 000 |
|
|
|
There are 23 UCC files listed with the
Secretary of State of Tennessee. Filing Number: 002952362 Filing Date: 02-27-1992 Secured Party: FIRST AMERICAN NATIONAL
BANK Filing Number: 91861689 Filing Date: 03-14-1991 Secured Party: AMSOUTH BANK Filing Number: 652058 Filing Date: 05-05-1989 Secured Party: FIRST TENNESSEE BANK Filing Number: 0005727 Filing Date: 02-03-1992 Secured Party: FIRST AMERICAN NATIONAL
BANK Filing Number: 309-039702 Filing Date: 07-27-2009 Secured Party: RAYMOND LEASING CORPORATION 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
|
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 |
|
|
|
Final opinion: This is a small US company, which employs
20-50 people and has 28 years of experience in the market. A credit line may be considered for USD
150,000 |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
NORMAL |
|
Cash |
NORMAL |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.