MIRA INFORM REPORT

 

 

Report Date :           

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

INDUSTRIAL PRODUCTS INTERNATIONAL, INC.

 

 

Registered Office :

600 Galleria Parkway, Suite 900, Atlanta Ga 30339

 

 

Country :

United States 

 

 

Date of Incorporation :

21.02.1989

 

 

Com. Reg. No.:

J903774

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Importer & distributor of forgings, castings, stampings, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Small Company 

 

 

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


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Industrial Products International Inc

Address in the order:

600, Galleria Parkway, Suite 900, Atlanta, GA 30339

United States

 

 

Legal Name:

INDUSTRIAL PRODUCTS INTERNATIONAL, INC.

Trade Name:

IPI

Legal Address

600 Galleria Parkway

Suite 900

ATLANTA GA 30339

Operative Address

600 Galleria Parkway

Suite 900

ATLANTA GA 30339

Telephone:

(770) 612-8500      

Registration Number :

J903774

Fax:

(770) 612-8446

Legal Form:

Corporation for Profit

Email:

info@ipi-atlanta.com

Registered in:

Georgia

Website:

www.industrialproducts-ipi.com

Date Created:

1989

Manager:

BERNARD MALKA - CEO

Date Incorporated:

February 21, 1989

Staff:

14

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Importer & distributor of forgings, castings, stampings, etc...

 

 

BANKS

 

Name of the Bank

THE SUMMIT NATIONAL BANK

Location                                   

            4360 CHAMBLEE DUNWOODY RD ATLANTA  GA   30341

 

BUSINESS

 

HISTORY

 

Industrial Products International, Inc. was established in 1989.

PRINCIPAL ACTIVITY

 

The company is an importer and distributor of forgings, castings, stampings, fabrications, machined products and fasteners.

Sales are:

 

Wholesale

Clients:

 

IPI serves the following industries:

 

- Heavy Truck OEM

- Petrochemical & Valve Industries

- General & Heavy Engineering Industries

The subject employs 14 employee(s)

LOCATION

Headquarters

 

600 Galleria Parkway

Suite 900

Atlanta GA 30339

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

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.

Management:

 

BERNARD MALKA - CEO and CFO

TERRIE SMITH - Secretary

Related Companies:

 

IPI India

IPI China



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

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

2,100,000



Legal Fillings

 There are no active UCC** files listed with the Secretary of State of Georgia.

 

There are no legal filings listed with the District Court.

 

The last annual report was filed on 1/28/2011.

 

 

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

 

The company is in Good Standing. This means that all local and federal taxes were paid on  PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

 


due date.

 

 Final Opinion

The subject has about 22 years experience in the business.

 

It is a small size company.

 

No adverse record has been found.

 

A credit line may be considered for USD 20,000.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORM

AL

 

 

 

 

APPENDIX

 

Comments

 

The operator transferred us to the answering machine of Terrie Smith.

As of today, she has not returned our calls.

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.

4

5.05

UK Pound

1

Rs.

7

1

.92

1

Rs.64.37

Euro

 

 

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%)