MIRA
INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
A&B EQUIPMENT INC. |
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Registered Office : |
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Country : |
United Sates |
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Date of Incorporation : |
08.13.1987 |
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Com. Reg. No.: |
0192781 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Farm Machinery and Equipment Manufacturing |
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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small company |
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Payment Behaviour : |
Unknown |
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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 – March 31st, 2010
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Sates |
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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Legal Name: |
A&B EQUIPMENT INC. |
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Trade Name: |
A&B EAGLELINE EQUIPMENT |
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Legal Address |
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Telephone: |
+ 1 (423) 337-2390 |
Registration Number : |
0192781 |
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Fax: |
NA |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
Elizabeth Lauth, President |
Date Incorporated: |
08/13/1987 |
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Staff: |
2 employees |
Stock: |
2,000 shares |
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Value: |
NA |
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Activity: |
Farm Machinery and Equipment Manufacturing |
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BANKS
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Name of the Bank |
MEIGS COUNTY BANK |
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BUSINESS
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PRINCIPAL ACTIVITY |
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The company operates in the Farm Machinery and Equipment
Manufacturing. A&B EQUIPMENT INC. is a family owned business located in
Sweetwater The subject is also doing business as A&B EAGLELINE
EQUIPMENT. The company has been providing category 1 and category 2 farm
equipment for numerous years. The subject claims worldwide business partners. This is a very well established business. We called the company. We reached Mr Michael Lauth co-owner of the company who confirmed all
the information reported. |
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Products/Services description: |
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LANDSCAPE BOX WITH WELDED A-FRAME ALL WELDED CLEVIS HITCH LANDSCAPE BOX STANDARD LANDSCAPE BOX FLOATING REAR MOLDBOARD BOX 3 POSITION ROLLOVER LANDSCAPE BOX... |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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We were unable to confirm the trade references with the staff. |
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The subject employs 2 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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Single Location: 2315 Highway 11 S, |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The Lauth family is the main
shareholder. |
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Management: |
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Elizabeth Lauth, President, Michael Lauth, Vice President. |
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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 Mr Michael Lauth co-owner of the company who confirmed all the
information reported. He confirmed the
sales figures less than USD 500,000 for the year 2010 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
353 000 |
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Net Income |
18 000 |
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Liabilities |
20 000 |
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The cash flow is |
20 |
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Comments on the financial data: As a private
company, the subject does not publish any financial statements. |
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Legal Fillings |
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There are several UCC files
listed with the Secretary of State of Tennessee. 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 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 just 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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The business has experience. This is a small size company. The company presents small income. We believe that the credit line previously granted can be maintained. We suggest monitoring for the length of payment. Considering all the information listed we are reviewing the company's
rating. we suggest a review within 6 to 8 months |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
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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.45.29 |
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1 |
Rs.73.84 |
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Euro |
1 |
Rs.64.18 |
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.