MIRA INFORM REPORT
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Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SPIRIT INTERNATIONAL INC |
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Registered Office : |
2711 Centerville Road Suite 400 Wilmington New Castle DE 19808. |
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Country : |
United States |
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Date of Incorporation : |
12.01.1996 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Partitions Manufacturers |
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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United States |
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: |
Spirit International |
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Address in the order: |
Spirit International |
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Legal Name: |
Spirit International Inc |
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Legal Address |
2711 Centerville Road Suite 400 Wilmington New Castle DE 19808. (Registered
agent) |
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Operative Address |
1200 Valwood Parkway, Carrollton TX 75006 |
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Telephone: |
+1 (972) 444-8400 |
ID : |
2581654 |
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Fax: |
+1 (972) 444-8424 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
1996 |
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Manager: |
Judy Stewart, CEO |
Date Incorporated: |
January 12th, 1996 |
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Staff: |
80 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Partitions Manufacturers |
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BANKS
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Name of the Bank |
Amegy Bank National |
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Name of the Bank |
Jpmorgan Chase Bank, N.A. |
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Name of the Bank |
Bank One, Texas,
N.A. |
BUSINESS
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HISTORY |
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The company was created in the year 1996. |
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PRINCIPAL ACTIVITY |
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The company is categorized under Partitions Manufacturers and other
related products. |
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Products/Services description: |
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Jewelry Displays Packaging, that includes Paper, Plastic, Wood, Metal and Porcelain
Packaging. Countertops, including Cross Merchandiser Counter Unit, Jewelry
Counter Tops, Seasonal Goods Modular Display. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries. |
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Operations area: |
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National, International, Local |
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The company does not export |
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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 1200 Valwood Parkway, Carrollton TX
75006. |
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Comments on location: |
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The company is incorporated in Delaware for tax purposes; However it
is headquartered in Texas |
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Branches: |
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There were no branches found for this company. |
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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Judy Stewart, CEO Mark Byars, Chief Finance Officer Michelle Ramirez, Director of accounting Glenn Stewart, President |
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 Donna who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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Legal Fillings |
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There
are 20 UCC** files listed with the Secretary of State of Delaware. 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 company has 15 years of experience and
80 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. There was no financial information found
for this company. We've contacted them but they refused to provide us any
financial information on grounds of confidentiality. Due to the fact that there was no
financial information found, We suggest working with GUARANTEES. |
SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Donna |
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Position |
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Accounts payable. |
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Comments |
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She refused to provide us any financial 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.44.34 |
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UK Pound |
1 |
Rs.73.70 |
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Euro |
1 |
Rs.65.75 |
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 |
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NB |
New Business |
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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.