MIRA INFORM REPORT
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Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PARR INSTRUMENT COMPANY |
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Registered Office : |
211 53rd St Moline Il 61265 |
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Country : |
United States |
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Date of Incorporation : |
24.03.2006 |
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Com. Reg. No.: |
64746502 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacture and sale of equipment for laboratories |
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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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: |
Parr Instruments Co |
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Address in the order: |
211-53Rd Street Moline IL 61265 United States |
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Comments on data supplied: |
The correct name of the company is PARR
INSTRUMENT COMPANY. |
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Legal Name: |
PARR INSTRUMENT COMPANY |
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Legal Address |
211 53RD ST MOLINE IL 61265 USA |
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Operative Address |
211 53RD ST MOLINE IL 61265 USA |
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Telephone: |
(309) 762-7716 |
Registration Number : |
64746502 |
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Fax: |
(309) 762-9453 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Illinois |
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Website: |
Date Created: |
1899 |
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Manager: |
MICHAEL R STEFFENSON - President |
Date Incorporated: |
March 24, 2006 |
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Staff: |
105 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacture and sale of equipment for laboratories. |
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BANKS
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Name of the Bank |
Fifth Third Bank |
BUSINESS
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HISTORY |
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The company was founded in 1899 at Champaign, Illinois as the Standard
Calorimeter Company by S.W. Parr, a professor at the University of Illinois. It was first incorporated in 1932 in Illinois, then reincorporated in
2006. |
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PRINCIPAL ACTIVITY |
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It is engaged in the manufacture and sale of combustion bombs,
calorimeters, chemical reactors, pressure vessels, and related equipment
developed specifically for laboratory use. |
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Products/Services description: |
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Calorimeters Stirred reactors and pressure vessels Continuous flow tubular reactors Cutoms reactor systems Cell disruption vessels Acid Digestion vessels Oxygen combustion bombs Hydrogenation equipment ... |
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Sales are: |
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Wholesale |
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Brands: |
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Parr |
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Clients: |
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Laboratories Local dealers International Dealers |
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Operations area: |
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National, International |
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The company export to worldwide (South America, Australia, Europe,
etc...) |
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The subject employs 105 employee(s) |
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LOCATION |
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Headquarters |
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211 Fifty Third Street Moline, Illinois 61265 |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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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. |
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Management: |
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MICHAEL R STEFFENSON - President |
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Related Companies: |
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The company operates a foreign sales office in Frankfurt A/M Germany. It has not been possible to identify under which company name it
operates in Germany. |
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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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 |
25,610,000 |
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Legal Fillings |
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There are 2 non cative UCC** files listed
with the Secretary of State of Illinois. There are no legal filings listed with the
District Court. The last annual report was filed on
04/07/2011. 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 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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The company has 112 years experience in the business. it is a medium size company. No adverse record has been found and the company has been developing
in good ways. A credit line may be considered. |
SUMMARY
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Profitability |
N.A. |
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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Comments |
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The operator refused to answer our questions and kept transferring us
to answering machines. As of today, nobody has returned our calls. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.05 |
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UK Pound |
1 |
Rs.71.92 |
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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.