MIRA INFORM REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SCOUGAL RUBBER CORPORATION |
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Registered Office : |
925 Fourth Avenue Ste 2900,
Seattle Wa 98104-1158 |
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Country : |
United States |
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Date of Incorporation : |
31.10.1973 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Production of rubber products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 170,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
Comments on the rating: A Credit line maybe considered
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: |
Scougal Rubber Corporation |
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Address in the order: |
885, Denmark Dr Suite No 103 Mccarran NV 89434 Oakland |
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Comments on data supplied: |
The address given bye the client is the Headquarter. |
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Legal Name: |
Scougal Rubber Corporation |
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Legal Address |
925 FOURTH AVENUE STE 2900, SEATTLE WA 98104-1158, USA (Registered Agent ) |
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Operative Address |
Scougal Rubber Corporation 885 Denmark Drive, Suite 103, McCarran, NV 89434, USA |
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Telephone: |
775-284-8500 |
UBI Number : |
600115400 |
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Fax: |
775-284-8501 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
WA |
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Website: |
Date Created: |
1916, |
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Manager: |
Matt Bowman General Manager |
Date Incorporated: |
October 31,1973 |
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Staff: |
67 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Production of rubber products |
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BANKS
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Name of the Bank |
WELLS FARGO BANK |
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Name of the Bank |
WASHINGTON MUTUAL BANK |
BUSINESS
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HISTORY |
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Scougal Rubber Corporation started doing business in 1916, when rubber
was a high tech industry. Over the years the company has grown along with the
region, evolving new product offerings to suit the changing needs of
industry, whether in pulp and paper, aerospace, automotive, etc. They incorporated in 1973 and is headquarters in McCarran, Nevada. |
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PRINCIPAL ACTIVITY |
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To provide hard rubber and molded rubber products. |
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Products/Services description: |
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Bearing Pads Industrial Products Rubber products |
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Sales are: |
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Wholesale, Retail |
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Operations area: |
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National, International |
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The company export to Canada |
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Trade References: |
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Despite our long search we were not able to identify the company’s
trade references. |
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The subject employs 67 employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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Headquartered in Nevada, but also has offices in Washington. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Despite our long efforts we couldn’t confirm the Shareholders of the
company. |
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Management: |
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Matt Bowman President Rob Anderson Vice
President P. Krishnamoorthy Quality
Manager Tom Nielsen Operations
Manager Greg Frost Controller |
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 |
10,500,000. |
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Legal Fillings |
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There are 3 UCC** files listed with the Secretary
of State of Washington Filing Number: 201017459885 Filing Date: 06-23-2010 Secured Party: CNC ASSOCIATES, INC. Filing Number: 200434867471 Filing Date: 12-13-2004 Secured Party: WELLS FARGO BANK, NATIONAL ASSOCIATION Filing Number: 992920234 Filing Date: 10-19-1999 Secured Party: WASHINGTON MUTUAL BANK DBA 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 67
employees. We did not found any adverse situation
during the investigation. The turnover is correct for the company
size Therefore we suggest a credit line for USD
170,000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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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.44.13 |
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UK Pound |
1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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.