MIRA INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BELLWETHER INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.08.1975 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of industrial power tool fixtures |
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 35,000. |
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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 – 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: |
Bellwether Inc |
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Address in the order: |
P O Box No. |
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Legal Name: |
Bellwether Inc |
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Trade Name: |
Bellwether Inc |
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Legal Address |
PO |
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Operative Address |
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Telephone: |
+1 (770) 957-6651 |
ID : |
H505265 |
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Fax: |
+1 (770) 957-6666 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1974 |
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Manager: |
Robert W Jenkins, President |
Date Incorporated: |
August 1, 1975 |
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Staff: |
21 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of industrial power tool fixtures. |
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BANKS
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Name of the Bank |
THE FIRST STATE BANK |
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Location |
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BUSINESS
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HISTORY |
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The company was created in 1974. |
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PRINCIPAL ACTIVITY |
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The company is a manufacturer of industrial power tool fixtures for
ergonomic solutions. |
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Products/Services description: |
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Nutwrenches Polishers Saws Screwdrivers Tooling jigs and fixtures Special tools Forming dies and punches |
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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 21 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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The company is privately held. Robert Jenkins is the main shareholder. |
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Management: |
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Robert Jenkins, President; CEO James Jenkins, Director Patricia Lunsford, Human Resources Executive |
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 but 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 |
2010 |
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Turnover |
2,100,000 |
Legal Fillings |
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There are 9 UCC** files listed with the
Secretary of State of Georgia. 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 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 35 years; it has a staff of 21 employees which makes it a small
sized company. There were no legal filings found against
the company or its legal representatives. Therefore, a credit line may be considered
for USD 35,000. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
CORRECT |
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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 person refused to provide any 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.45.21 |
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1 |
Rs.72.55 |
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Euro |
1 |
Rs.62.43 |
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.