MIRA INFORM REPORT

 

 

Report Date :

31.05.2011

 

Note:  As explained in the report, we suggest caution as it is not possible to reach the company.

 

IDENTIFICATION DETAILS

 

Correct Name :

FIELDTURF USA, INC.

 

 

Registered Office :

175 N. Industrial Blvd, Calhoun GA 30701

 

 

Country :

United States

 

 

Date of Incorporation :

06.11.1996

 

 

Com. Reg. No.:

P96000091255

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturer and installer of turf

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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)

United States

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


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

Legal Name:

FIELDTURF USA, INC.

 

 

Legal Address

175 N. INDUSTRIAL BLVD

CALHOUN GA 30701 US

Operative Address

175 N. INDUSTRIAL BLVD

CALHOUN GA 30701 US

Mailing Address

8088 MONTVIEW ROAD

MONTREAL, QUEBEC CA H4P2L-7 CA

Telephone:

(706) 217-2995 / (514) 340-1900

Registration Number :

P96000091255

Fax:

-

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

Florida

Website:

www.fieldturf.com

Date Created:

N.A.

Manager:

Joe Fields - CEO

Date Incorporated:

November 6, 1996

Staff:

63

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Manufacturer and installer of turf

 

 

BANKS

 

Name of the Bank

THE TORONTO DOMINION BANK

Location                                   

3590 ST. LAURENT BLVD. MONTREAL QUEBEC CANADA

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The subject commercializes the turf manufactured by its affiliated company: FIELDTURF INC. in Canada.

 

The FieldTurf is an infill-based artificial turf made of ground rubber (including shoe manufacturing byproducts), synthetic fibers of polyethylene and polypropylene, and sand. FieldTurf can be found on football, soccer, baseball, lacrosse, and rugby fields.

The company imports from Canada

The subject employs 63 employee(s)

 

 

 

LOCATION

Headquarters

 

175 N. INDUSTRIAL BLVD

CALHOUN GA 30701 US

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

TARKETT INC.   - Main shareholder

1001 RUE YAMASKA EST,                    

FARNHAM, QUEBEC, J2N 1J7, CANADA

 

Management:

 

Joe Fields - CEO

DALIERE, ERIC - CEO of the group

Related Companies:

 

FIELDTURF INC.

8088 CHEMIN MONTVIEW, MONT-ROYAL, QUÉBEC,

H4P 2L7,

CANADA

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

Legal Fillings

 There are several UCC** files listed with the Secretary of State of Florida.

 

There are no legal filings listed with the District Court.

 

The last annual report was filed on 01/11/2011.

 

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

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

The subject is a medium size company part of a Canadian group for which it distributes the products in the USA.

 

no adverse record has been found.

 

The company operates on a niche market.

 

The number that we found for the company in Georgia has been disconnected.

We contacted the offices of the group in Canada, but they refused to answer our questions.

 

We therefore suggest caution and keeping an eye close to the evolution of the company.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.10

UK Pound

1

Rs.74.27

Euro

1

Rs.64.35

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.