MIRA INFORM REPORT
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Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
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Name : |
LANDOLL CORPORATION |
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Formerly Known As : |
Quick Service Welding Company |
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Registered Office : |
1900 North St, Marysville, Ks
66508 |
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Country : |
United States |
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Date of Incorporation : |
02.12.1975 |
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Com. Reg. No.: |
0422972 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Aircraft Equipment Parts and Supplies-Manufacturers |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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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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Ordered as: |
Landoll Corporation |
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Address in the order: |
1900 North Street Marsville KS 66508 |
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Legal Name: |
Landoll Corporation |
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Legal Address |
1900 NORTH ST, MARYSVILLE, KS 66508, USA |
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Mailing Address |
PO BOX 111, MARYSVILLE, KS 66508,
USA |
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Telephone: |
+ 1 (785) 562-5381 |
Business Entity Number : |
0422972 |
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Fax: |
+ 1 (785) 562-3240 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
kansas |
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Website: |
Date Created: |
1963 |
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Manager: |
Donald R Landol |
Date Incorporated: |
December 02,1975 |
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Staff: |
460 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Aircraft Equipment Parts and Supplies-Manufacturers |
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BANKS
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Name of the Bank |
Kansas States Bank |
BUSINESS
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HISTORY |
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The company was formerly known as Quick Service Welding Company and
changed its name to Landoll Corporation in 1975. The company was founded in
1963 and is headquartered in Marysville, Kansas,USA |
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PRINCIPAL ACTIVITY |
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The company engages in designing, manufacturing, and marketing
equipment for agriculture, transportation, material handling, OEM, and
government industries in the United States and internationally. The Company sells its products through a network of dealers and
sellers in the United States, Canada, and Europe |
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Products/Services description: |
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It offers tillage equipment, including row crop cultivators, field
cultivators, trucks, and trailers. The company also provides forklifts, fabrication equipment, welding
equipment, powder coat painting systems, transportation equipment, and parts. In addition, it offers financial products to purchase its equipment |
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Sales are: |
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Wholesale |
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Operations area: |
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Trade References: |
National, International Despite our long searches we could not confirm the company’s trade
references with the staff. |
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The company export to Canada & Europe |
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The subject employs 460
employee(s) |
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PAYMENTS |
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To be monitored |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Don R Landoll is among the main shareholders. |
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Management: |
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Donald R Landoll Chief
Executive Officer Dan Caffery Treasurer Ramona Wienck Human
Resources Executive |
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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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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 |
$20 to 50 million |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Kansas. Filing Number: 20110411587A Filing Date: 06-10-2011 Secured Party: LANDOLL CORPORATION Filing Number: 98641864 Filing Date: 06-27-2011 Secured Party: KANSAS STATE BANK Filing Number: OH00151166880 Filing Date: 06-24-2011 Secured Party: LANDOLL CORPORATION Filing Number: 016381586 Filing Date: 06-23-2011 Secured Party: LANDOLL CORPORATION Filing Number: 016357219 Filing Date: 06-15-2011 Secured Party: LANDOLL CORPORATION 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 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 company with 460
employees and 47 years of experience. The company’s income is medium for the
business’ size. We suggest monitoring for the company’s
length of payment. A credit line may be considered for USD
100,000 at this time. A review within 10 months and an increase
in the business’ profitability would allow an increase in the credit line
granted. |
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SUMMARY
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Profitability |
MEDIUM |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.69 |
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UK Pound |
1 |
Rs.70.87 |
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Euro |
1 |
Rs.62.26 |
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 |
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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.