MIRA INFORM REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SOUTHERN TEA
LLC |
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Registered Office : |
108 West 13th Street, Wilmington 19801, Delaware |
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Country : |
United States |
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Date of Incorporation : |
03.06.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer and importer of Tea, food and beverage |
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 500.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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: |
Southern Tea LLC |
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Address in the order: |
1267 Cobb Industrial Drive Marietta GA 30066 |
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Legal Name: |
Southern Tea
LLC |
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Legal Address |
108 West 13th Street, Wilmington 19801, Delaware, Usa |
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Operative Address |
1267 Cobb Industrial Dr, Marietta, Georgia 30066, Usa |
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Telephone: |
+1 (770) 428-5555 |
ID : |
3536947 |
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Fax: |
+1 (770) 428-5555 |
Legal Form: |
Limited Liability Company |
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Email: |
info@southerntea.com |
Registered in: |
Delaware |
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Website: |
http://www.southerntea.com/ |
Date Created: |
NA |
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Manager: |
Bruce Klodt, CEO |
Date Incorporated: |
June 03, 2002 |
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Staff: |
200 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer and importer of Tea, food and
beverage. |
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BANKS
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Name of the Bank |
Wells Fargo |
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Name of the Bank |
First National Bank |
BUSINESS
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PRINCIPAL ACTIVITY |
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This is a private company that manufactures and imports Tea, food and
beverage. |
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Products/Services description: |
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Tea Coffee Food |
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Sales are: |
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Wholesale |
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Clients: |
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General Clientele |
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Operations area: |
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National |
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The company imports from Asia |
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The company does not export |
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The subject employs 200 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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This company is incorporated in Delaware for tax purposes; however it
is headquartered in Georgia. The legal address belongs to the registered agent: 108 West 13th Street, Wilmington 19801, Delaware, Usa The company is headquartered in Georgia: 1267 Cobb Industrial Dr, Marietta, Georgia 30066, Usa |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This Is A Private Company And It Is Subsidiary Of Harris Freeman &
Co., Inc. 3110 E MIRALOMA AVE, Anaheim, California 92806,USA Phone: (714) 765-1190 |
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Management: |
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Bruce Klodt, CEO Maria Roberts, CFO John Langston, 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 without knowing the name of the inquiring party. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
48,000,000 |
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The cash flow is |
Normal |
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Comments on the financial data: It has not been
possible to find financial data for the year 2010. |
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Legal Fillings |
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There are 4 UCC’s files listed with the
Secretary of State of Delaware. There are no legal filings listed with the
District Court. For information: 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 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 medium sized company with 200
employees and 8 years in business. No legal filings have been found against
the company. A credit line may be considered for USD
500.000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Mandy |
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Position |
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Receptionist |
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Comments |
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We contacted the company. The receptionist verified some of the
information such as the address, and the export and import activity. However,
she refused to provide us with other 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.44.59 |
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UK Pound |
1 |
Rs.73.42 |
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Euro |
1 |
Rs.66.04 |
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.