MIRA INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LYLE INDUSTRIES, INC. |
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Registered Office : |
1800 Kimberly Park Dr, Dalton Ga 30720 |
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Country : |
United States |
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Date of Incorporation : |
19.03.1981 |
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Com. Reg. No.: |
J103122 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of specialty automotive and transport carpeting |
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 : |
200,000 USD |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
Lyle Industries Inc |
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Address in the order: |
1800 Kimberly Park DR 30720 GA Dalton |
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Legal Name: |
LYLE INDUSTRIES, INC. |
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Legal Address |
1800 KIMBERLY PARK DR DALTON GA 30720 |
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Operative Address |
1800 KIMBERLY PARK DR DALTON GA 30720 |
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Telephone: |
(706)278-2500 |
Registration Number : |
J103122 |
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Fax: |
(706)217-6311 |
Legal Form: |
Corporation for Profit |
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Email: |
N.A. |
Registered in: |
Georgia |
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Website: |
www.lyleind.com |
Date Created: |
1981 |
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Manager: |
Lamar Lyle - CEO |
Date Incorporated: |
March 19, 1981 |
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Staff: |
100 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacturer of specialty automotive and transport carpeting |
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BANKS
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Name of the Bank |
BRANCH BANKING AND TRUST COMPANY |
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Location |
201 W WAUGH ST DALTON GA 30720 |
BUSINESS
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HISTORY |
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The company was founded in 1981 by Lamar and Loutrelle Lyle in Dalton,
Georgia. |
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PRINCIPAL ACTIVITY |
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It operates as a manufacturer of specialty automotive and transport
carpeting. It specializes in the materials that are used in throw-in floor mats,
cargo and truck mats, trim pieces for Class 8 heavy trucks and - more
recently carpeting for industrial rental mats. |
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Sales are: |
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Wholesale |
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Clients: |
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Honda Acura Legend Nissan Integra Mitsubishi Infiniti Q45 Lexus RX 300 Diamante Saab Subaru Toyota USA Toyota Japan Jaguar BMW USA BMW Europe Mercedes Landrover Hyundai Audi - Europe Porsche General Motors Ford Volkswagen - Mexico Freightliner |
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Operations area: |
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National, International |
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The subject employs 100 employee(s) |
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LOCATION |
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Headquarters |
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1800 KIMBERLY PARK DR DALTON GA 30720 |
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Surface area: |
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150,000 sq. ft. |
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Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Lamar and Loutrelle Lyle are the owners. |
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Management: |
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Lamar Lyle - President and CEO Amber Holt - CFO |
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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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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 |
13,900,000 |
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There are several UCC** files listed with the
Secretary of State of Georgia. There are no legal filings listed with the
District Court. The last annual report was filed on
3/17/2011. 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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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 subject has 30 years experience in the business. It is a medium size company, well established in its industry. No adverse record has been found. A credit line may be considered. |
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SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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ADVISED CREDIT |
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200,000 USD |
APPENDIX
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Comments |
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The operator informed us that per company policy they do not provide
any information. |
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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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UK Pound |
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.