MIRA INFORM REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TULSTAR PRODUCTS, INC |
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Registered Office : |
2533 N Carson Street,
Carson City, NV, |
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Country : |
United States |
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Date of Incorporation : |
26.12.2003 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Global Chemical Distributor |
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 15,000 |
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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 |
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: |
Tulstar Products Inc |
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Address in the order: |
5510 S. Lewis Ave. Tulsa, OK 74105, USA |
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Legal Name: |
TULSTAR PRODUCTS, INC |
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Legal Address |
2533 N CARSON STREET, CARSON
CITY, NV, USA (incorporators) |
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Operative Address |
5510 S. Lewis Ave. Tulsa,
OK 74105, USA (headquarters) |
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Telephone: |
917-749-9060 |
ID : |
NV20031557678 |
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Fax: |
918-231-9045 |
Legal Form: |
Corporation for Profit |
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Email: |
mfletcher@tulstar.com |
Registered in: |
Nevada |
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Website: |
http://www.tulstar.com |
Date Created: |
1986 |
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Manager: |
WALTER MARK NAGLE, President |
Date Incorporated: |
December 26th, 2003 |
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Staff: |
13 |
Stock: |
500.00 |
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Value: |
$ 1.00 |
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Activity: |
Global Chemical Distributor |
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BANKS
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Name of the Bank |
CHASE BANK |
BUSINESS
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HISTORY |
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The company was created
in 1986 |
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PRINCIPAL ACTIVITY |
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global chemical distributor |
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Products/Services description: |
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Tulstar is an ISO
9001:2008 global wholesale distributor of oils, chemicals, and refrigerant
gases. |
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Sales are: |
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Wholesale |
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The subject employs 13
employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company was
registered in Neveda for tax purposes. The legal address is that
of the registered agent: 2533 N CARSON STREET, CARSON CITY, NV, USA However, the company is
headquartered at: 5510 S. Lewis Ave. Tulsa, OK 74105, USA |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private
company. W MARK NAGLE is the main shareholder. |
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Management: |
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W MARK NAGLE, President DIANA L NAGLE, Treasuerer PHILLIP L BATES, Director MARK FLETCHER, Vice
President |
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 DIANA L
NAGLE, Treasuerer, who refused to provide us any financial data without
knowing the name of the inquiring party. |
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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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Comments on the financial data: The company has an estimated revenue of about USD 1 to 2,5 million. |
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Legal Fillings |
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There are 22 UCC** files listed
with the Secretary of State of Nevada 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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This is a small sized American company, which employs 13 people and
has 24 years of experience in the market. The company has recent payment experience. Profitability per employee is correct. A credit line may be considered for USD 15,000 |
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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APPENDIX
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Person Interviewed |
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DIANA L NAGLE |
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Position |
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Secretary |
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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.