MIRA INFORM REPORT
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Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ATKINS MACHINERY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.12.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Textile Machinery & Parts |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 15.000 |
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Status : |
Small Company |
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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: |
Atkins Machinery |
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Address in the order: |
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Legal Name: |
Atkins Machinery inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (864) 574-8433 |
ID : |
358433 |
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Fax: |
+1 (864) 574-1466 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1983 |
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Manager: |
Greg Atkins, owner |
Date Incorporated: |
December 09, 2004 |
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Staff: |
20 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Textile Machinery & Parts. |
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BANKS
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Name of the Bank |
BRANCH BANKING AND TRUST |
BUSINESS
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HISTORY |
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The company was founded in 1983 by Robert and Susan Atkins. |
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PRINCIPAL ACTIVITY |
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This company provides a source for preo wned textile machinery at
reasonable prices. |
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Products/Services description: |
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Cotton Waste Preparation Equipment Laboratory Equipment Yarn Spinning Equipment Air Compressor Equipment |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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The subject employs 20 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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The company is headquartered at |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. |
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Management: |
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Greg Atkins, Owner Robert Atkin, President; CEO Christopher Wilkinson, Sales; Latin America; Far East; |
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 receptionist 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 |
2008 |
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Turnover |
3.600.000 |
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Legal Fillings |
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There are 26 UCC file listed with the
Secretary of State of South Carolina. 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 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 company has been incorporated for business
for 26 years; it has a staff of 20 employees which makes it a small sized
company. There were no legal fillings found against
the company or its legal representatives. However, the numerous UCC found
demonstrate relative trust from the financial institutions. Therefore,
a credit line may be considered for USD 15.000. |
SUMMARY
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Profitability |
CORRECT |
Public
Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
CORRECT |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.13 |
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.