MIRA INFORM REPORT
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Report Date : |
02.03.2011 |
IDENTIFICATION DETAILS
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Name : |
AJINOMOTO HEARTLAND LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.10.1984 |
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Com. Reg. No.: |
3642549 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Production of amino acid |
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 300,000. |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: |
Ajinomoto Heartland LLC |
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Address in the order: |
8430 West Bryn nAWR aVK, |
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Legal Name: |
AJINOMOTO HEARTLAND LLC |
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Legal Address |
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Operative Address |
8430 W, Bryn Mawr Ave. Suite 650, Chicago, IL 60631-3421, USA |
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Telephone: |
+ 1 (773)-380-70 00 |
Registration Number : |
3642549 |
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Fax: |
+ 1 (773)-380-70 06 |
Legal Form: |
Limited Liability Company |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
October 1st , 1984 |
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Manager: |
Tommy Teshima, President |
Date Incorporated: |
April 1st, 2003 |
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Staff: |
180 employees |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Production of amino acid. |
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BANKS
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Name of the Bank |
FIRST BANK |
BUSINESS
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HISTORY |
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AJINOMOTO HEARTLAND LLC is a private company created in 1984. Production started at the Eddyville Plant in August 1986. |
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PRINCIPAL ACTIVITY |
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The company is engaged in the production of Amino Acid. The main product is Feed grade Lysine. Sales agents: - Bill Barr & Company Inc - The Buffalo Company Inc - Kindstrom-Schmoll Inc - Specialty Ingredients Company - Halchemix Canada Inc |
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Products/Services description: |
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The company offers also a huge portfolio of mono acid products. |
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Sales are: |
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Wholesale |
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Clients: |
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Healthcare companies |
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Operations area: |
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National, International |
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The company does not import |
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The company export to Worlwide |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 180 employee(s) |
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PAYMENTS |
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Regular |
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LOCATION |
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Headquarters |
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It is headquartered and does business in |
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Comments on location: |
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The company is incorporated in |
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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The company is working as subsidiary of Ajinomoto Co Inc headquartered
in |
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Management: |
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Tommy Teshima, President James Usry, Ph. D, Director of Technical Services |
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Related Companies: |
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- Ajinomoto Interamericana Industria e Comercio Ltda. - Ajinomoto Biolatina Industria e Comercio Ltda. Ajinomoto - Ajinomoto U.S.A., Inc. - AJINOMOTO EUROPE S.A.S - AJINOMOTO PHILIPPINES CORPORATION - Ajinomoto Co., ( |
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 |
2009 |
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Turnover |
47,500,000 |
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The cash flow is |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
46,700,000 |
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The cash flow is |
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Legal Fillings |
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There are no UCC files listed with the
Secretary of State of Illinois. There are no legal filings listed with the
District Court. For information: 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 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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The company has 25 years experience in the
business. It is a medium sized company part of a
large group. The profitability is correct and the payment
trend remains regular. A credit line may be considered for a
maximum of USD 300,000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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James Usry |
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Position |
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Director of Technical Services |
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Comments |
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He was able to confirm us all the information included in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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 |
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.