MIRA INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SSP FITTINGS CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.09.1926 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer and distributor of Pipe Fittings. |
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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Status : |
Moderate |
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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: |
SSP FITTING |
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Address in the order: |
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Legal Name: |
SSP Fittings Corporation |
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Legal Address |
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Operative Address |
8250 Bolye Parkway Twinsburg OH, |
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Telephone: |
+1 (330) 425-4250 |
ID : |
123178 |
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Fax: |
+1 (330) 425-8106 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1926 |
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Manager: |
Raymond W King Jr, President |
Date Incorporated: |
September 25, 1926 |
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Staff: |
150 |
Stock: |
1000 |
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Value: |
100.00 |
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Activity: |
Manufacturer and distributor of Pipe Fittings. |
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BANKS
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Name of the Bank |
JPMORGAN CHASE BANK, N.A |
BUSINESS
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HISTORY |
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The company was founded in the year 1926 in |
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PRINCIPAL ACTIVITY |
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The company designs, manufactures and distributes hydraulic and
instrumentation tube, hose and pipe fittings. All these products are made
from stainless steel, and other nickel alloys. |
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Products/Services description: |
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Tube fittings Pipe fittings Hose fittings Valves Tooling |
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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 |
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The company does not import |
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The company export to Worldwide |
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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 150 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 privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Raymond W King Jr, President Jeff King, Chairman David King, Controller Tony Lucarell, Treasurer |
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Related Companies: |
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In the year 2000, The New Force. SSP acquires Flolok Valve and enters
the instrumentation valve marketplace. |
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 who
refused to provide us any financial data on grounds of confidentiality. |
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Legal Fillings |
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There are 37 UCC** files listed with the
Secretary of State of Ohio. 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 Low 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 medium sized company with 150
employees, and 84 years of experience. Even though we do have payment experience,
no trade references were provided. No financial information could be
gathered. Therefore, we suggest working with
GUARANTEES. |
SUMMARY
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Profitability |
LOW |
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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Receptionist |
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Comments |
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The person contacted refused to provide 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.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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.