MIRA INFORM REPORT
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Report Date : |
10.03.2011 |
IDENTIFICATION DETAILS
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Name : |
SCHAEFER VENTILATION EQUIPMENT LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.01.2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Thermal Comfort Products |
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 180,000. |
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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: |
Schaefer Ventilation Equipment |
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Address in the order: |
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Legal Name: |
Schaefer Ventilation Equipment LLC |
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Trade Name: |
Schaefer Ventilation Equipment |
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Legal Address |
Sauk Rapids, |
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Operative Address |
Sauk Rapids, |
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Mailing Address |
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Telephone: |
+1 1.800.779.3267 / +1 320.251.8696 |
ID : |
14678-LLC |
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Fax: |
+1 320.251.2922 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
1951 |
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Manager: |
Steve White, Chief Executive Officer |
Date Incorporated: |
January 5, 2000 |
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Staff: |
35 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Thermal comfort products. |
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BANKS
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Name of the Bank |
SIGNATURE BANK |
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Location |
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Name of the Bank |
WELLS FARGO BANK NATIONAL |
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Location |
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Name of the Bank |
MARQUETTE CAPITAL BANK NA |
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Location |
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BUSINESS
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HISTORY |
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The company was created in 1951. |
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PRINCIPAL ACTIVITY |
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The company designs, manufactures and distributes thermal comfort
products for agricultural, horticultural, industrial, commercial and rental
applications. |
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Sales are: |
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Wholesale |
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Clients: |
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various industries |
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Operations area: |
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National, Local |
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Trade References: |
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The person contacted refused to provide the names of their
suppliers for us to check the trade
references. |
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The subject employs 35 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 us headquarted at |
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The property is: |
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Owned |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. Steve White is the owner and main
shareholder. |
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Management: |
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Steve White, CEO; Owner Neil Crocker, Mbr-pres Jim Schleper, CFO |
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 a receptionist who refused to provide us any
financial data on grounds of confidentiality/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 |
11,000,000 |
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Legal Fillings |
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There are 18 UCC** files listed with the
Secretary of State of Minnesota. 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 ** 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 debtors 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 is a small sized Therefore, a credit line may be considered
for USD 180,000. |
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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Position |
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Receptionist |
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Comments |
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The receptionist refused to provide us 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.45.02 |
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1 |
Rs.72.70 |
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Euro |
1 |
Rs.62.54 |
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.