MIRA INFORM REPORT
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Report Date : |
19.03.2011 |
IDENTIFICATION DETAILS
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Name : |
HOFFMEYER COMPANY, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19.04.1991 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Conveyor belting and conveyor components distributor |
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 150,000 |
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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: |
Ronald Yob Hoffmeyer Company Inc |
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Address in the order: |
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Comments on data supplied: |
Dear client, Please note that the correct company`s name is HOFFMEYER COMPANY, INC. The address provided is that of a company`s branch location. The
headquarters` address is detailed below. |
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Legal Name: |
HOFFMEYER COMPANY, INC. |
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Legal Address |
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Telephone: |
(510) 895-9955 |
ID : |
C1574020 |
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Fax: |
(510) 895-9014 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1991 |
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Manager: |
Frederick Oshay, President |
Date Incorporated: |
April 19th, 1991 |
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Staff: |
46 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Conveyor belting and conveyor components distributor. |
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BUSINESS
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HISTORY |
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The company was created in 1991. The company evolved from the 1986 merger of Hoffmeyer Corp. and Cook
Rubber Co. |
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PRINCIPAL ACTIVITY |
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The company is engaged in conveyor belting and conveyor components
distribution. |
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Products/Services description: |
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The company distributes: Conveyor Belting & Conveyor Components Industrial Hose and Fittings Hydraulic Hose and Fittings Packing & Seals Sheet Rubber & Gaskets and Gasket Materials Industrial Rubber Products Power Transmission Products |
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Sales are: |
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Wholesale |
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Operations area: |
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National |
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The subject employs 46 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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Branches: |
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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. Mr. Frederick OShay is the major shareholder. |
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Management: |
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Frederick OShay, President |
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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 Helen, Accounting Department, who provided us
with the following data: |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
10,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of California. 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 is a small sized American company. It
employs 46 people and has been in business for 19 years. A credit line
may be considered for USD 150,000 |
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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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Ms. Helen |
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Position |
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Accounting Department |
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Comments |
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The person contacted provided the following information: Address Creation date Number of employees Activity President`s name Shareholders Branches Estimated annual revenue |
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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.45.09 |
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1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.43 |
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.