MIRA INFORM REPORT

 

Revised report

 

 

Report Date :

12.06.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

REXEL INC

 

 

Registered Office :

14951 Dallas Parkway Suite 1000, Dallas, TX, Zip Code 75254

 

 

Country :

United States 

 

 

Date of Incorporation :

02.03.1866

 

 

Com. Reg. No.:

17382

 

 

Legal Form :

Corporation

 

 

Line of Business :

Distribution of Electrical Communication Products

 

 

No. of Employees :

3300

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United States 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Important Note:

Kindly note that in the earlier report financial information was attached, there was a glitch in the system that prevented us from taking these financials out from the report.

 

The report is accurate and valid as was sent earlier. Except there should be no financials attached. Accordingly, sending herewith revised report without financials.

 

 

Company Name & Contact Details

 

Verified

 

Company Name:

Rexel Inc

Address:

14951 Dallas Parkway Suite 1000

City:

Dallas

State/province:

TX

Zip/postal code:

75254

Country:

United States of America

Telephone:

+1 (972) 387 - 3600

Fax:

+1 (972) 308 - 9831

Website:

www.rexelusa.com  

Remarks:

Legal Name is Different from what was Provided

 

Address provided was not tied to any operation as part of Rexel Inc.  Rexel Inc Registration in Georgia was withdrawn in 1995.

 

Parent Company is Rexel Holdings USA Corp, TX

 

 

Credit Observation

 

Current Credit Observation:  There is no Immediate Risk in doing Business with this company

 

Analysis

·         Well Established

Positive Payment Trend

No Derogatory Items on Record.

 

 

Company History

 

Capital Stock:

100% by Parent Company

Business Structure:

Corporation

Business Started:

1866

Management Control:

1866

Line of Business:

Distribution of Electrical Communication Products

          Branches: 

Multiple in the USA

 Affiliations / Subsidiaries:

Multiple in The USA

 

 

Company Registration & Status

 

Date registered:

March 2 1866

Legal form:

Corporation

Registration no:

17382

Jurisdiction

NY

Registry status:

Active

 

 

Company Management/Officers

 

No of Employees:

3300

Name & Title:

Christopher Hartmann, President

Name & Title:

Jeremy Brabant, V president

 

 

Legal Findings

 

Suits:

None

Court Judgements:

None

NSF Reported:

None

 Liens / Collection:

None

Security Filings:

128 UCC Filings exist for leased equipment and assets.  These secured creditors would take precedence in the unlikely event of asset liquidation.

 

Trade Payment Experience

 

Date Reported May 2012

High Credit : 500,000

Now Owing : 300,000

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

Date Reported May 2012

High Credit : 250,000

Now Owing : 200,000

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

 

Date Reported April 2012

High Credit : 400,000

Now Owing : 300,000

Terms :  Net 30 Days

Past Due 1-30 days – Zero

Past Due 31-60 days – Zero

Past Due 61-90 days – Zero

Payments Made: As Agreed

 

 

 

 

Payment Behaviour:

Business Demonstrates Positive Payment Trend

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.24

UK Pound

1

Rs.85.93

Euro

1

Rs.69.82

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.