MIRA INFORM REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HOPE HAVEN INCORPORATED |
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Registered Office : |
1800 19th St, Rock Valley, IA 51247-1037 |
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Country : |
United States |
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Date of Incorporation : |
28.04.1965 |
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Legal Form : |
Corporation Not for Profit |
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Line of Business : |
Manufactures and distributes agricultural equipment hardware
components |
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 : |
300,000 USD |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Exists |
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 = 70 EUR |
IDENTIFICATION
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Ordered as: |
Dourle HH Manufacturing |
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Address in the order: |
P O Box 176, 207 Westvien Drive, Rock Valiey Iowa 51247 0176 |
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Comments on data supplied: |
The address you provided is one of the company's branch. |
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Legal Name: |
Hope Haven Incorporated |
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Trade Name: |
Double HH Manufacturing |
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Legal Address |
1800 19th St, Rock Valley, IA 51247-1037, United States |
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Mailing Address |
P O Box 176, Rock Valley Iowa 51247-0176, USA |
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Telephone: |
+ 1 (712) 476-2737 |
ID : |
58699 |
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Fax: |
+ 1 (712) 476-2802 |
Legal Form: |
Corporation Not for Profit |
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Email: |
doublehh@doublehh.com |
Registered in: |
Iowa |
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Website: |
http://www.doublehh.com |
Date Created: |
NA |
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Manager: |
David Van Ningen, Executive Director |
Date Incorporated: |
April 28, 1965 |
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Staff: |
50 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufactures and distributes agricultural equipment hardware
components |
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BANKS
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Name of the Bank |
BANK OF AMERICA |
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Name of the Bank |
CITIBANK |
BUSINESS
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HISTORY |
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For 40 years, Hope Haven has been serving people with disabilities in
the Midwest and has a record of successfully developing and implementing new
services in response to needs; today we have 22 programs in 42
communities. Vocational and employment Services
have been a major focus of Hope Haven for many years. One of Hope Haven's most unique ventures is Double HH Manufacturing,
located in Rock Valley's Westview Industrial Park. |
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PRINCIPAL ACTIVITY |
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Hope Haven provides: Adult Living Services and Support Vocational Evaluation and Job Placement Psychiatric Rehabilitation Vocational and Employment Services Children and Family Services Hope Haven International Ministries The general climate of Double HH Manufacturing is that of a highly sophisticated
manufacturing industry operating as an entrepreneurial enterprise. Double HH Manufacturing manufactures and
distributes agricultural equipment hardware components and specializes in
contract machining for numerous businesses throughout the United States. Agricultural and industrial equipment
manufacturers, heavy-duty truck equipment manufacturers, vehicle hitch
manufacturers, and metal fabricators all depend on Double HH's high standard
of excellence and dependable service.
Individuals with and without disabilities are hired as employees of
the business. This integrated work
setting offers individual job related supports to persons with disabilities
who may require support to attain and retain employment. |
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Operations area: |
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National, International |
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Trade References: |
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The company's trade references were not confirmed with the staff. |
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PAYMENTS |
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regular |
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Branches: |
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207 Westvien Drive, Rock Valley Iowa, 51247-0176, USA |
Shareholders – Manager – Related Companies
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Shareholders Parent Company(ies): |
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The company’ shareholders were not confirmed with the staff. |
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Management: |
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EKNES, DR. KENT – President GRANSTRA, CHAR – Secretary ZOMER, MARK – Treasurer |
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 |
24,110,000 |
The company’s 2008 financials were not confirmed with the staff.
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Legal Fillings |
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There are UCC files listed with the
Secretary of State of Iowa. There are legal filings listed with the
District Court. For information: 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. 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 well-established US company. The structure presents income above average
for its size. No specific adverse record related to the
business' name has been found. The company can bear a credit line. A business connection can be granted. We are updating our rating according to
our new rating scale. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
YES |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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ADVISED CREDIT |
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300,000 USD |
APPENDIX
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Comments |
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Staff non cooperative. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
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.