MIRA
INFORM REPORT
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Report Date : |
14.07.2011 |
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Tel. No.: |
704-864-5495 |
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Fax No.: |
704-836-3143 |
IDENTIFICATION DETAILS
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Name : |
RADICISPANDEX CORPORATION |
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Registered Office : |
3145 Northwest Boulevard Gastonia, NC 28052 |
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Country : |
United State |
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Date of Incorporation : |
29.11.1989 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
RadiciSpandex Corp. produces and distributes a line of elastane/spandex fibers for stretch or elastic fabric applications. |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 State |
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 |
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IDENTIFICATION
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Legal Name: |
Radicispandex Corporation |
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Legal Address |
300 East Mcbee Ave. - Greenville SC 29601 - USA |
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Operative Address |
3145 Northwest Boulevard Gastonia, NC 28052 USA |
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Telephone: |
+1 (704) 864-5495 |
ID : |
186614 |
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Fax: |
+1 (704) 836-3143 |
Legal Form: |
Corporation for Profit |
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Email: |
info@radicigroup.com |
Registered in: |
South Carolina |
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Website: |
www.radicigroup.com |
Date Created: |
1945 |
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Manager: |
Mr. Marty Moran, CEO |
Date Incorporated: |
November, 29th. 1989 |
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Staff: |
309 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
RadiciSpandex Corp. produces and distributes a line of
elastane/spandex fibers for stretch or elastic fabric applications. |
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BANKS
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Name of the Bank |
CITIBANK, N.A. |
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BUSINESS
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HISTORY |
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RadiciSpandex Corp. was founded in 1945 as Globe Manufacturing
Corporation and changed its name to RadiciSpandex Corp. in March, 2001. The
company is based in Gastonia, North Carolina. |
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PRINCIPAL ACTIVITY |
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RadiciSpandex Corp. produces and distributes a line of
elastane/spandex fibers for stretch or elastic fabric applications. |
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Products/Services description: |
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The company offers performance products, such as underwear waistbands,
diaper elastics, tire cord, conveyor belts, and nylon fibers. Its elastane
fibers are used in active-wear, swim-wear, sporting, and outdoor activity
apparel fabrics and athletic-wear, as well as in body shaping garments, sheer
hosiery, socks, dresses, suits, footwear, lining fabrics, and outerwear. The company’s engineered elastic fiber products provide fit and
functionality in disposable personal care products, such as baby diapers,
fem-care and adult incontinence garments, protective masks, and other
disposable medical and industrial garments and appliances. (Among others) |
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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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Operations area: |
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National, International, Local |
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The company export to worldwide |
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The subject employs 309 employee(s) |
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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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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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As of March 30, 2001, RadiciSpandex Corp. operates as a subsidiary of
Radici Group. Radici Partecipazioni SpA A company subject to the activity of management and coordination, Ex.
Art 2497 cc, and following, by Radicifin S.p.A. having its legal address in Bergamo. Via Ugo Foscolo 152 IT - 24024 Gandino (BG) Phone: +39 035 715411 - Fax: +39 035 715477 |
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Management: |
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Mr. Marty Moran, CEO Mr. Lawrence R. Walsh, Vice President of Finance and Administration Mr. Bill Girrier, Vice President of Sales and Marketing Mr. Kevin T. Cardullo, Vice President of Finance and Information
Technology |
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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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We have contacted the 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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Legal Fillings |
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There are several UCC** files listed with the Secretary of State of
South Carolina. 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. |
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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 sized American company which employs 309 people and has 66 years of experience in the market. |
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There were no legal filings found against
the company or its legal representatives. As of March 30, 2001, RadiciSpandex Corp.
operates as a subsidiary of Radici Group. For the company requested, we don't have
any payment experience nor do we have any financial information. Nevertheless, it seems to be established. We suggest working with GUARANTEES.- |
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SUMMARY
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Profitability |
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NO |
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Indebtedness |
N.A.
Cash
N.A.
APPENDIX
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Position |
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Comments
The person contacted refused to
provide us any information on grounds of confidentiality.
FOREIGN
EXCHANGE RATES
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Currency |
US Dollar
1
Rs.44.59
1
Rs.71.07
Euro
1
Rs.62.40
RATING EXPLANATIONS
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RATING |
>86
Aaa
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums
Unlimited