MIRA INFORM REPORT
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Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
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Name : |
THRACE LINQ INC |
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Formerly Known As : |
Linq Industrial Fabrics |
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Registered Office : |
5 Exchange St Charleston, SC 29401 |
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Country : |
United States |
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Date of Incorporation : |
23.03.2007 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Polypropylene Broadwoven Fabrics |
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 130,000 |
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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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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: |
Thrace Linq Inc |
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Address in the order: |
2550 West Fifth North Street, Summerville 29483-9699 |
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Legal Name: |
Thrace Linq Inc |
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Legal Address |
5 Exchange St Charleston, SC 29401 (Registered agent) |
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Operative Address |
2550 W 5th North Street edit Summerville, SC 29483 |
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Telephone: |
+1 (843) 875-8148 |
ID : |
472884 |
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Fax: |
+1 (843) 873-5800 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
South Carolina |
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Website: |
Date Created: |
2007 |
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Manager: |
Scott Womack, President |
Date Incorporated: |
March 23rd, 2007 |
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Staff: |
66 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Polypropylene Broadwoven Fabrics. |
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BANKS
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Name of the Bank |
Carol Miller |
BUSINESS
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HISTORY |
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The company was created in the year 2007. The company was formerly
known as Linq Industrial Fabrics and changed its name in the year 2007. |
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PRINCIPAL ACTIVITY |
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The subject operates as a manufacturer and supplier of geosynthetics,
woven and nonwoven polypropylene-based geosynthetic for a wide variety of
applications. The company’s products
are used in various applications, such as filtration, erosion control,
reinforcement/stabilization, agriculture, protection, separation, and
drainage. |
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Sales are: |
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Wholesale |
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Clients: |
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technical textile industries And other related industries |
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Operations area: |
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National, International, Local |
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The company imports from Worldwide |
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The subject employs 66 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 2550 W 5th North Street edit
Summerville, SC 29483 |
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Branches: |
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There were no branches found for this company. |
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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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Scott Womack, President Davis Taylor, Manager Daniel Selender, Operations Executive Deral Heiland, IT director |
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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 Carol Miller who refused to provide us any financial
data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
7,800,000 |
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Legal Fillings |
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There is one UCC** files listed with the
Secretary of State of South 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 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 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 company has been in business for 4
years. It has a staff of 66 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. We've contacted the company but they
refused to provide us any financial information per security purposes. A credit line may be considered for USD
130,000 |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Carol Miller |
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Position |
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Accountant |
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Comments |
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She refused to provide us any financial data on grounds of confidentiality. |
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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.44.73 |
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UK Pound |
1 |
Rs.73.21 |
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Euro |
1 |
Rs.63.90 |
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.