MIRA INFORM REPORT

 

 

Report Date :           

01.06.2011

 

 

IDENTIFICATION DETAILS

 

Name :

RASSPE AMERICAS LC

 

 

Registered Office :

502 W 1ST Ave, Durant, IA, 52747

 

 

Country :

United States 

 

 

Date of Incorporation :

24.02.2000

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Farm Machinery and Equipment Manufacturing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Usually Correct 

 

 

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

 

 Bottom of Form

 

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Rasspe Americas

Address in the order:

502 West 1st Ave, P.O. Box 608, Durant, IA 52747

 

 

Legal Name:

RASSPE AMERICAS LC

 

 

Legal Address

502 W 1ST Ave

Durant, IA, 52747

USA

 

 

Telephone:

+1 (563) 785-6209

ID :

238019

Fax:

+1 (563) 785-4426

Legal Form:

Limited Company

Email:

info@rasspe.com

Registered in:

Iowa

Website:

www.rasspe.com

Date Created:

NA

Manager:

Franz Greisbach, President

Date Incorporated:

February, 24th. 2000

Staff:

6

Stock:

NA

 

 

Value:

NA

Activity:

Farm Machinery and Equipment Manufacturing

 

 

BANKS

 

Name of the Bank

US BANK

 

 

BUSINESS

 

HISTORY

 

Rasspe Americas Lc was incorporated in 2000 and is headquartered in Durant, IA.

PRINCIPAL ACTIVITY

 

Rasspe Americas Lc is a manufacturer of Farm Machinery and Equipment.

Products/Services description:

 

It offers agricultural machinery parts Farming and Fishing and Forestry and Wildlife Machinery and Accessories, Tools and General Machinery

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry

Operations area:

 

National

The company imports from Germany

The subject employs 6 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The subject is headquartered at the above address.

Branches:

 

The company has no branch locations.



Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company. Franz Greisbach is the main shareholder.

 

Management:

 

Franz Greisbach, President

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We tried to contact the company, but nobody was able to take our call.

A previous agent was able to gather the following information.

 

Currency

DATE

USD

2009 (approximately)

Turnover

670,000

 

Legal Fillings

There are 2 UCC** files listed with the Secretary of State of Iowa.

 

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 Low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This is a small sized American company which empoys 6 people and has 11 years of experience in the market.

 

There were no legal filings found against the company or its legal representatives.

 

The profitability is low and payments are regular.

 

We suggest working with GUARANTEES.-

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

LOW

Public Records

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 



 

 

 

 

APPENDIX

 

Comments

 

We tried to reach the company, but nobody was available to take our call.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.03

UK Pound

1

Rs.74.43

Euro

1

Rs.64.75

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.