MIRA
INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Name : |
THERMAL CARE INC |
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Registered Office : |
7720 N Lehigh Ave Niles, IL 60714-3408 |
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Country : |
United States |
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Year of Establishment : |
1880 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other general purpose machinery |
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 : |
$25,000 (USD) |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
Company name and address
Thermal Care Inc
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Business
Description
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Thermal Care manufactures process cooling equipment for industries
worldwide. Skillfully engineered temperature controllers, portable and central
chillers, cooling towers and pump/reservoirs, provides its customers with a
wide range of process cooling solutions from off-the-shelf models to
integrated, customized systems. Thermal Care's parent company, MFRI, began in
the 1930's in Chicago, founded by two graduate engineers from the University
of Illinois. Many years, technical milestones and achievements later, MFRI
now manufactures and sells custom tailored products for infrastructure
development and industry worldwide. Thermal Care is headquartered in Niles,
Ill., with sales offices located throughout the world. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2452 - Fixed Space Heating, Cooling and
Ventilation Equipment Manufacturing |
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NACE 2002: |
292 - Manufacture of other general purpose
machinery |
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NAICS 2002: |
33341 - Ventilation, Heating, A/C, and
Commercial Refrigeration Equipment Manufacturing |
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UK SIC 2003: |
292 - Manufacture of other general purpose
machinery |
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US SIC 1987: |
3433 - Heating Equipment, Except Electric
and Warm Air Furnaces |
Key Executives (Emails Available)
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1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Corporate Structure News
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Thermal Care Inc
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Niles, IL |
United States |
Miscellaneous Capital Goods |
218.6 |
1,123 |
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Subsidiary |
Winchester, VA |
United States |
Miscellaneous Fabricated Products |
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664 |
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Subsidiary |
Winchester, VA |
United States |
Miscellaneous Capital Goods |
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250 |
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Subsidiary |
Bolingbrook, IL |
United States |
Miscellaneous Capital Goods |
28.2 |
115 |
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Division |
Niles, IL |
United States |
Miscellaneous Fabricated Products |
5.0 |
100 |
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Subsidiary |
Niles, IL |
United States |
Miscellaneous Capital Goods |
5.0 |
80 |
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Subsidiary |
Niles, IL |
United States |
Miscellaneous Fabricated Products |
50.0 |
40 |
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Branch |
Lebanon, TN |
United States |
Miscellaneous Fabricated Products |
45.0 |
200 |
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Branch |
New Iberia, LA |
United States |
Miscellaneous Fabricated Products |
7.2 |
32 |
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Subsidiary |
Niles, IL |
United States |
Miscellaneous Capital Goods |
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8 |
Executives Report
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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.49.22 |
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1 |
Rs.76.07 |
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Euro |
1 |
Rs.65.06 |
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 |
-- |
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.