MIRA
INFORM REPORT
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Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
JACK ENGLE & CO |
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Registered Office : |
8440 S Alameda Street Los Angeles, CA 90001 |
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Country : |
United States |
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Date of Incorporation : |
01.12.1966 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Scrap Metals and Iron wholesaler |
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 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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: |
Jack Engle & Co |
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Legal Address |
8440 S Alameda Street Los Angeles, CA 90001 |
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Mailing Address |
PO Box 01705 Los Angeles, California 90001 |
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Telephone: |
+1 (323) 589-8111 |
ID : |
C0518686 |
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Fax: |
+1 (323) 589-9189 |
Legal Form: |
Corporation for Profit |
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Email: |
info@jackengleco.com |
Registered in: |
California |
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Website: |
www.jackengleco.com |
Date Created: |
1965 |
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Manager: |
Alan Engle, President and CEO |
Date Incorporated: |
December 1st, 1966 |
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Staff: |
55 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Scrap Metals and Iron wholesaler. |
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BANKS
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Name of the Bank |
U.S. Bank National |
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Name of the Bank |
City National Bank |
BUSINESS
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HISTORY |
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This company was created in the year 1965. |
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PRINCIPAL ACTIVITY |
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This company manufactures ferrous and nonferrous scrap metals,
stainless steel, and high temperature alloys. The company purchases ferrous and nonferrous scrap metals from
industrial scrap generators and dealers worldwide. It also provides containers in customized sizes and shapes to store
scrap materials. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company imports from Worldwide |
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The company does not export |
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The subject employs 55 employee(s) |
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PAYMENTS |
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regular |
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Branches: |
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The company has the following branches: -11570 Hillguard Road Dallas, TX 75243 -4696 Towerwood Brownsville, TX 78526 -Jack Engle De Mexico S. De R.L. De C.V Calle 7 Norte #112 Ciudad Industrial C.P. 22444 Tijuana, Baja California, Mexico |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Alan Engle, President and CEO Jason Engle, Vice President, COO Andrew C. Hyde, Vice President, Director of Trading & Risk
Management Alfred Gaspar, Director of Human Resources Karina Moreno, Office Manager Vebby Kwee, Accounts
Receivable Sabrina Robinson, Accounts Payable |
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 Wasu who refused to
provide us any financial data on grounds of confidentiality. |
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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 |
12,300,000 |
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Legal Fillings |
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There are 15 UCC** files listed
with the Secretary of State of California. 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 medium size company with 55 employees and 46 years of
experience. There were no legal filings found against the company or its legal
representatives. Our banking sources provided us with the revenue for the year 2010. The company gave a correct profitability for that year. A credit line may be considered for USD 200,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
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Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Wasu |
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Position |
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Representative |
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Comments |
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He agreed to confirm the company's address. however he refused to
provide us any financial data 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.44.90 |
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1 |
Rs.72.54 |
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Euro |
1 |
Rs.63.39 |
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 |
-- |
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.