MIRA
INFORM REPORT
|
Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD TEXTILE CO INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1940 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Textile Manufacturers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 800,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Legal Name: |
Standard Textile Co Inc |
|||
|
Legal Address |
|
|||
|
Operative Address |
|
|||
|
Telephone: |
+1 (513) 761-9255 |
ID : |
140 - 172 |
|
|
Fax: |
+1 (513) 761-0467 |
Legal Form: |
Corporation for Profit |
|
|
Email: |
Registered in: |
|
||
|
Website: |
Date Created: |
1940 |
||
|
Manager: |
Gary Heiman, CEO |
Date Incorporated: |
November 14th, 1990 |
|
|
Staff: |
2,000 (At group level) |
Stock: |
N/A |
|
|
|
|
Value: |
N/A |
|
|
Activity: |
Textile Manufacturers |
|||
BANKS
|
Name of the Bank |
Provident Bank |
|
|
Name of the Bank |
Republic Bank |
|
BUSINESS
|
||
|
HISTORY |
||
|
|
This company was created in the year 1940. |
|
|
PRINCIPAL ACTIVITY |
||
|
|
The company is categorized under textile manufacturer. |
|
|
Products/Services description: |
||
|
|
Blinds & Shades Cubicle Curtains Cushions Drapery Top of the Bed Top Treatments Shower Curtains Upholstery |
|
|
Sales are: |
||
|
|
Wholesale, Retail |
|
|
Brands: |
||
|
|
Impact’ Technology Crypton® Green Crypton In & Out |
|
|
Clients: |
||
|
|
General clientele Various industries |
|
|
Operations area: |
||
|
|
National, Local |
|
|
The company imports from Asia and |
||
|
The company does not export |
||
|
Comments on staff: |
||
|
|
The company has 2,000 employees at group level. |
|
|
PAYMENTS |
||
|
|
regular |
|
|
LOCATION |
||
|
Headquarters |
||
|
|
The company is headquartered at |
|
|
Comments on location: |
||
|
|
The company is incorporated in |
|
|
Branches: |
||
|
|
There were no branches found for this company. |
|
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
||
|
|
This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
|
|
Management: |
||
|
|
Gary Heiman, CEO Chris Bopp, CFO Edward Frankel, CAO |
|
|
Related Companies: |
||
|
|
The company has the following related company. Tweebruggenlaan, 1 B-9800 Deinze P 32.9.381.5151 F 32.9.380.3717 infoEU@standardtextile.com |
|
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|||
|
We have contacted the company but got an answering machine. We left a
voice mail though we didn't get an answer yet. |
|||
|
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. |
|||
|
Currency |
DATE |
|
|
|
USD |
2010 |
|
|
|
Turnover |
111,200,000 |
|
|
|
Legal Fillings |
|
|
There are 25 UCC** files listed
with the Secretary of State of Alabama. 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 ** 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
|
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. |
||
|
Final Opinion |
||
|
|
This is a large sized company with 2,000 employees at group level and
61 years of experience. There were no legal filings found against the company or its legal
representatives. The company gave a correct profitability for the year 2010. Therefore a credit line may be considered for USD 800,000 |
|
SUMMARY
|
|
|
|||
|
Profitability |
CORRECT |
Public Records |
NO |
|
|
Indebtedness |
|
Payments |
REGULAR |
|
|
Cash |
|
|
|
|
APPENDIX
|
Comments |
||
|
|
We have contacted the company but got an answering machine. We left a
voice mail though we didn't get an answer yet. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.29 |
|
|
1 |
Rs.73.84 |
|
Euro |
1 |
Rs.64.18 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.