MIRA INFORM
REPORT
|
Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
TYOGA CONTAINER COMPANY INC |
|
|
|
|
Registered Office : |
9 Fish St , Tioga PA 16946-0, Tioga |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
23.09.1970 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Corrugated and Solid Fiber Box Manufacturing |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 80,000. |
|
Status : |
Satisfactory |
|
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 |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Tyoga Container Company Inc |
||
|
Address in the order: |
9 Fish Street, Tioga, PA 16946 |
||
|
|
|
||
|
Legal Name: |
Tyoga Container Company Inc |
||
|
|
|
||
|
Legal Address |
9 Fish St Tioga PA 16946-0 Tioga USA |
||
|
|
|
||
|
Telephone: |
+1 (570) 835-5295 |
ID : |
366010 |
|
Fax: |
+1 (570) 835-5045 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
Pennsylvania |
|
|
Website: |
Date Created: |
NA |
|
|
Manager: |
Charlie Frysinger, President |
Date Incorporated: |
September, 23rd. 1970 |
|
Staff: |
48 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Corrugated and Solid
Fiber Box Manufacturing |
||
BANKS
|
Name of the Bank |
CITIZENS AND NORTHERN BANK |
BUSINESS
|
PRINCIPAL ACTIVITY |
|
|
|
Corrugated and Solid
Fiber Box Manufacturing |
|
Products/Services description: |
|
|
|
The company is engaged in
providing: Air Bag Applications Air Bag Void Fillers Corrugated Dunnage Bulkhead Void Fillers Foldable Bulkhead Spacer Side-to-Side Void Fillers Drop Void Fillers Load Divider Panels Custom Foam Products Corrugated Containers Packaging Supplies FIBC Bulk Bags |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of the industry |
|
Suppliers: |
|
|
|
The person contacted refused
to provide the name of the suppliers for us to check trade references. |
|
Operations area: |
|
|
|
National, Local |
|
The company does not
export |
|
|
The subject employs 48
employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is
headquartered at the address listed above. |
|
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. Mr. Charlie Frysinger is the main shareholder. |
|
Management: |
|
|
|
Charlie Frysinger -
(President) Kim Drake - (Office
Manager) Tom Bauman - (Customer
Service) Tammy Frank - (Customer Service) Kevin Lapoint - (Shipping Supervisor) |
Financials - COMMERCIAL TRENDS AND
FORECAST
|
As a private company the
subject does not publish any financial statements. |
|
We have contacted
Johanna, operator of the company, who refused to provide us any
financial data without knowing the name of the inquiring party. |
|
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. |
|
Currency |
DATE |
|
USD |
2010 |
|
Turnover |
5,300,000 |
|
The cash flow is |
Normal |
|
Legal Fillings |
|
There are several UCC** files
listed with the Secretary of State of Pennsylvania. 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 Correct 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 employs 48 people and has
been incorporated for business since 1970. There were no legal filings found against the company or its legal
representatives. The company has the following international certification: ISO
9001:2000. A credit line may be considered for USD 80,000.- |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Ms. Johanna |
|
Position |
|
|
|
Operator |
|
Comments |
|
|
|
The person contacted
provided us with the information stated in the report. Nevertheless, she refused
to provide us any financial data on grounds of confidentiality. She was kind and
cooperative. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.61 |
|
UK Pound |
1 |
Rs.73.28 |
|
Euro |
1 |
Rs.65.47 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.