MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
EAGLE BRASS COMPANY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.02.1990 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Strip, Copper and Copper Alloy distribution. |
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 115,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 Economic Risk: Nil |
Currency: USD |
IDENTIFICATION
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Legal Name: |
EAGLE BRASS COMPANY |
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Legal Address |
1243 Old Bernville Rd., Leesport, PA. 19533-9605, USA |
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Telephone: |
(610) 926-4111 |
ID : |
1552125 |
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Fax: |
(610) 926-4198 |
Legal Form: |
Corporation for Profit |
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Email: |
sales@eaglebrass.com |
Registered in: |
Pennsylvania |
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Website: |
http://www.eaglebrass.com |
Date Created: |
1990 |
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Manager: |
Charles J Bernard, President |
Date Incorporated: |
February 16th, 1990 |
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Staff: |
52 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Strip, Copper and Copper Alloy distribution. |
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BANKS
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Name of the Bank |
VIST BANK |
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Location |
PO BOX 741 LEESPORT
PA 19533- 0741 |
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BUSINESS
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HISTORY |
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The company was created in 1990. |
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PRINCIPAL
ACTIVITY |
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The company is engaged in Strip, Copper and Copper Alloy
distribution. |
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Products/Services
description: |
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The company provides the following products and services:
Foil & Thin Gauge (copper alloys), Finishes, Edges, Rolling, Annealing,
Slitting, Tension Leveling, Plating, Traverse Winding & Multicoil. |
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Sales
are: |
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Wholesale, Retail |
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Operations
area: |
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National |
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The subject employs 52 employee(s) |
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PAYMENTS |
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regular |
LOCATION
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Headquarters |
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1243 Old Bernville Rd., Leesport, PA. 19533-9605, USA |
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Comments on location: |
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Headquarters and operative location. |
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 privately held. Despite our long searches,
we could not identify the shareholders and the person contacted refused to
provide that information. |
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Management: |
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Charles J Bernard, President Randall Hamlin, IT Manager Richard Detweiller, Director Of Purchasing Eugene Lilley, Treasurer |
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 that refused to provide us
any financial data without knowing the name of the inquiring party. |
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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 |
7,700,000 |
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The cash flow is |
normal |
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Legal Fillings
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There are several
UCC** files listed with the Secretary of State of Pennsylvania. 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. |
Final Opinion
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This is a medium sized American company. It employs 52 people
and has been in business for 20 years. A credit line may be considered for USD 115,000 |
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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Position |
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Accounts Payable Department |
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Comments |
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The person contacted refused to provide any kind of
information 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.44.99 |
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1 |
Rs.73.23 |
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Euro |
1 |
Rs.62.80 |
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.