MIRA INFORM REPORT
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Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
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Name : |
GIBBS INTERNATIONAL INC |
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Registered Office : |
9855 Warren Abernathy Hwy, Spratanburg,
South Carolina 29301 |
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Country : |
United States |
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Date of Incorporation : |
30.05.1974 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Textile Wholesaler |
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 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: 100 USD = 69 EUR |
IDENTIFICATION
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Ordered as: |
Gibbs International Inc |
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Address in the order: |
Post Box No. 1727, 9855 Warren H Abernathy Highway Spartanburg, South
Carolina USA SC 29301, United States |
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Legal Name: |
Gibbs International Inc |
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Legal Address |
9855 Warren Abernathy Hwy, Spratanburg,
South Carolina 29301, USA |
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Mailing Address |
P.O. Box 1727 Spartanburg, South Carolina 29304 USA |
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Telephone: |
+1 (864) 439-0296 |
ID : |
218159 |
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Fax: |
+1 (864) 439-7544 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
South Carolina |
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Website: |
Date Created: |
1974 |
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Manager: |
JIMMY I GIBBS, PRESIDENT |
Date Incorporated: |
May 30th, 1974 |
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Staff: |
30 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Textile wholesaler. |
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BANKS
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Name of the Bank |
Carolina Alliance Bank |
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Name of the Bank |
US Bancorp |
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Name of the Bank |
Bank Of America |
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Name of the Bank |
Wachowia Bank |
BUSINESS
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HISTORY |
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This company was created in 1974. |
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PRINCIPAL ACTIVITY |
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This company is a trader of textile companies with a secondary
business in industrial real estate. In the past 5 years, the company through its associates and
international agents has become engaged in global investments including
renewable energy, power generation, oil exploration, currency and commodity
hedging, as well as public infrastructure improvement projects. |
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Products/Services description: |
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Textile Alternative Energy Solutions Real Estate Alternative Financial/Leasing Infrastructure Medical Miscellaneous |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, International |
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The company does not import |
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The company does not export |
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Trade References: |
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The trade references were not confirmed with the staff. |
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The subject employs 30 employee(s) |
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PAYMENTS |
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regular |
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Branches: |
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There were no branches found for this company |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held company, and has Mr
Jim Gibbs as the main shareholder. |
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Management: |
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Jimmy I. Gibbs - President & CEO J. Brian Honeycutt - Executive VP - Finance & Administration Greg Boozer - Logistics John H. Gieser - VP - Mergers, Acquisitions
& Real Estate Al Clark - VP - International and Domestic Sales Arlis Owen - Sales/Special Projects Gerardo Lastiri - Sales Director, Latin
America John McInnish - Domestic Sales Richard "Butch" Genoble- Real
Estate Sales, Leasing and Development Bill Bridges - Director of Marketing/Special Projects Mark Smith - Auxiliary Sales Pierre Kuehnel - International Sales
(Europe) Sandra Huber - Sales Assistant (Europe) Raymond Hargreaves - International Sales Rick Glow - Parts Sales Warren Battle - International Sales (Asia) Kellie McInnis - Sales Assistant Mary Lou Mann - Sales Assistant Sherry Cook - Sales Assistant Lynn Arnone - Sales Assistant |
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 a female representative who refused to provide us
any financial data on grounds of confidentiality. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
6,100,000 |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
9,420,000 |
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Operating Income |
218,000 |
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Net Income |
162,000 |
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Net worth |
2,000,000 |
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Bank liabilities |
550,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There
are 139 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. |
Rating
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Local credit bureau gave a medium credit rate. |
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