MIRA
INFORM REPORT
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Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
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Name : |
EDGE TECH LLC |
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Registered Office : |
7108 Crossroads Blvd, Suite 307, Brentwood, TN 37027 |
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Country : |
United States |
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Date of Incorporation : |
04.12.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Polyester Broadwoven Fabrics |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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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Legal Name: |
EDGE TECH LLC |
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Legal Address |
7108 CROSSROADS BLVD, SUITE 307, BRENTWOOD, TN 37027, USA |
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Telephone: |
(615) 724-0967 |
ID : |
535383 |
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Fax: |
(615) 370-0677 |
Legal Form: |
Limited Liability Company |
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Email: |
info@edgetechproducts.com |
Registered in: |
Tennessee |
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Website: |
http://www.edgetechproducts.com (under construction) |
Date Created: |
NA |
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Manager: |
Stephen Stock |
Date Incorporated: |
December 4, 2006 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Polyester Broadwoven Fabrics |
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BUSINESS
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PRINCIPAL ACTIVITY |
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The company operates as a Global Supplier of Geosynthetics and
Geotechnical-related products. |
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Products/Services description: |
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It offers full supply-chain management. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Operations area: |
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National, Local |
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Trade References: |
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We could not contact any representative of the subject company that could
provide us the names of their suppliers for us to check trade references. |
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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 is headquartered at: 7108 Crossroads Blvd, Suite 307, Brentwood, TN 37027, USA |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches we could not
identify the main shareholder and we could not contact any representative of the
subject that could provide us this information. |
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Management: |
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Stephen Stock, Manager |
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 the company but we were transferred into the
voicemail of Stephen Stock. We left him a message explaining the reason for
our calling and providing our contact information but nobody has called us
back yet. |
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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 |
130,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are no UCC** files listed with the Secretary of State of
Tennessee. There are no legal filings listed with the District Court. The last annual report was filed on 03/21/2011 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 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 small sized company, with 2
employees and over 5 years of experience. We have called the company but we were
transferred into the voicemail of Stephen Stock who has not returned our
call. Through our sources we could gather the
estimated range of revenue for 2010. Income is just fair for its size. There
is no recent payment history. In addition, the legal form of the company
does not allow to go after the owner's personal assets. Taking into consideration the small sized and
history of the company and that it is not yet well known in the market, we
suggest working with GUARANTEES and a follow up report in 8 months. |
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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Stephen Stock |
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Position |
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Member |
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Comments |
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We left him a message explaining the reason for our calling and
providing our contact information but nobody has called us back yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.87 |
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1 |
Rs.72.83 |
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Euro |
1 |
Rs.64.37 |
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.