MIRA INFORM REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
GRINDING AND SIZING COMPANY LLC |
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Registered Office : |
C/O National Registered Agents, Inc., 160 Greentree Drive Suite 101,
Dover Kent, De 19904 |
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Country : |
United States |
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Date of Incorporation : |
30.01.2009 |
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Com. Reg. No.: |
4650271 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Production of fillers for the large wood products industry |
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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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 |
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: |
Grinding & Sizing Co Llc |
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Address in the order: |
7707 Walliville Road, Houston, Texas 77020 |
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Comments on data supplied: |
The address provided in the order is that of a non incorporated plant. |
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Legal Name: |
GRINDING AND SIZING COMPANY LLC |
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Legal Address |
C/O NATIONAL REGISTERED AGENTS, INC. 160 GREENTREE DRIVE SUITE 101 DOVER KENT DE 19904 (registered agent\'s address) |
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Operative Address |
307 Webber, Lufkin, TX 75904 USA |
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Telephone: |
936-634-7718 |
Registration Number : |
4650271 |
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Fax: |
936-634-8793 |
Legal Form: |
Limited Liability Company |
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Email: |
info@grindsize.com |
Registered in: |
Delaware |
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Website: |
www.grindsize.com |
Date Created: |
1947 |
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Manager: |
RONALD A ROSE SR - CEO |
Date Incorporated: |
January 30, 2009 |
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Staff: |
40 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Production of fillers for the large wood products industry |
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BANKS
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Name of the Bank |
WELLS FARGO BANK |
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Location |
1000 LOUISIANA ST FL 9 HOUSTON
TX 77002 |
BUSINESS
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HISTORY |
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Grinding and Sizing Company was founded in 1947 in Lufkin, Texas. As a complement to the main Lufkin location, a custom bagging and
blending facility, Grinding & Sizing - Houston Plant, was opened in 1994. The Reliable Equipment Plant was created in 1997. For Quality control and product development purposes, Payzone Testing
Lab was created in 2001. |
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PRINCIPAL ACTIVITY |
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The primary focus of the company was the production of extenders for
plastics; this evolved into producing fillers for the large wood products
industry in East Texas. Over the years, that focus has broadened considerably to the point
where Grinding and Sizing Company has become a preferred wholesale
manufacturer for many industries. |
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Products/Services description: |
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The largest part of Grinding and Sizing Company's business is the
production of materials that go into the drilling fluid segment of the
petroleum industry. The Lufkin facility is dedicated to the grinding, drying, sizing,
blending and bagging of numerous private label drilling fluids products that
are used for seepage and lost circulation control. The Houston Plant, is a custom blender and bagger of powder and
granular products. Reliable produces top quality equipment for Grinding and Sizing
Company's plants as well as maintaining service on this equipment. In
addition to this function, Reliable Equipment Plant is available to fabricate
custom equipment to meet customer specifications for grinding, blending, and
bagging processes. |
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Sales are: |
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Wholesale |
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Clients: |
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The Drilling Fluids sector of the Petroleum Industry |
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Operations area: |
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National |
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The subject employs 40 employee(s) |
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Comments on staff: |
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We believe the staff of 40 may be just for the headquarters location. We could not verify the total staff number. |
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LOCATION |
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Headquarters |
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307 Webber, Lufkin, TX 75904 |
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Comments on location: |
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The subject is incorporated in Delaware for tax purposes. However, it is headquartered in Texas. |
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Branches: |
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LUFKIN PLANT 515 Industrial Blvd. Lufkin, Texas 75904 HOUSTON PLANT 7707 Wallisville Road, Houston, Texas 77020 RELIABLE EQUIPMENT PLANT Hillside Drive @ Hilltop Loop, Lufkin, Texas 75904 |
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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Despite our long searches it has not been possible to identify the
shareholders. The person contacted at the company refused to provide that
information on grounds of confidentiality. |
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Management: |
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RONALD A ROSE SR - CEO HARVEY OYLER - PRESIDENT DOC EZELL - VP SALES AND MARKETING ROBERT (BUZZ) PIKE - DIRECTOR OF TECHNOLOGY |
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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Legal Fillings |
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There
are several UCC** files listed with the Secretary of State of Delaware. 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 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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The subject has 64 years experience in the
business. It is a smell size company operating on a
national market. No adverse record has been found. A credit line may be considered. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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The person contacted refused to provide any information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.61 |
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UK Pound |
1 |
Rs.73.28 |
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Euro |
1 |
Rs.65.47 |
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.