MIRA INFORM
REPORT
|
Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SLADE INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
27.04.1992 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Manufacturer of Graphite Yarns. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Slade Inc |
||
|
Address in the order: |
|
||
|
Legal Name: |
Slade Inc |
||
|
Legal Address |
|
||
|
Operative Address |
|
||
|
Telephone: |
+1 (704) 873-1366 |
ID : |
0306986 |
|
Fax: |
+1 (704) 873-1399 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
1992 |
|
|
Manager: |
Ward Crosier, CEO |
Date Incorporated: |
May 27, 1992 |
|
Staff: |
25 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Manufacturer of graphite yarns. |
||
BANKS
|
Name of the Bank |
BRANCH BANKING AND TRUST COMPANY |
|
|
|
|
Name of the Bank |
LASALLE BANK NATIONAL |
BUSINESS
|
|
|
HISTORY |
|
|
|
The company was created in the year 1992. |
|
PRINCIPAL ACTIVITY |
|
|
|
This is a private company that manufactures graphite yarns, which are
protected by US & EU patents. This product was developed to conduct heat
like steel alloys, to transfer the heat away from the shaft. |
|
Products/Services description: |
|
|
|
Pump Packings Valve Packings Gaskets Marine Applications |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Various Industries |
|
Operations area: |
|
|
|
National |
|
The company imports from worldwide |
|
|
The company export to worldwide |
|
|
Trade References: |
|
|
|
The person contacted refused to provide the names of their suppliers for
us to check the trade references. |
|
The subject employs 25 employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a privately held company. |
|
Management: |
|
|
|
Robert Crosier, Founder Ward Crosier, President Greg Raty, VP, Domestic & International Sales James Evans, Plant Manager Rene Dussaq, International Sales Terry Stukbauer, Accounting |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted Brooke who refused to provide us any financial
data on grounds of confidentiality. |
|
Legal Fillings |
|
There are 15 UCC** files listed
with the Secretary of State of North Carolina. 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
|
Local credit bureau gave a Low credit rate. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
|
|
Final Opinion |
|
|
|
This company has been incorporated for business for 18 years; it has a
staff of 25 employees which makes it a medium sized company. There were no legal filings found against the company or its legal
representatives and we did found payment experience. However, no financial
data was found. Therefore, we suggest working with GUARANTEES. |
SUMMARY
|
|
|
||
|
Profitability |
N.A. |
Public Records |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
N.A. |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Brooke |
|
Position |
|
|
|
Receptionist |
|
Comments |
|
|
|
Brooke provided us with much useful information. However, she refused
to share financial data on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.63.81 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Company |
---- |
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.