MIRA
INFORM REPORT
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Name :
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DIRECT DISTRIBUTORS, INC.
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Formerly Known As :
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DIRECT DISTRIBUTORS
INCORPORATED OF NORTH CAROLINA
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Registered Office :
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632 Highway 70 West, Garner,
NC 27529
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Country :
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United States
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Date of Incorporation :
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07.05.1970
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Legal Form :
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Corporation – Profit
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Line of Business :
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importer and wholesaler of farm equipment and
supplies
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No. of Employees :
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35 employees
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RATING
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STATUS
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PROPOSED CREDIT LINE
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal
commitments.
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Satisfactory
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Status :
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Satisfactory
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Payment Behaviour :
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No Complaints
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Litigation :
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Clear
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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 – June 30th, 2012
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Country Name
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Previous Rating
(31.03.2012)
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Current Rating
(30.06.2012)
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United States
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A1
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A1
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Risk Category
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ECGC
Classification
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Insignificant
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A1
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Low
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A2
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Moderate
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B1
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High
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B2
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Very High
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C1
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Restricted
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C2
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Off-credit
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D
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United States - ECONOMIC OVERVIEW
The US
has the largest and most technologically powerful economy in the world, with a per
capita GDP of $48,100. In this market-oriented economy, private individuals and
business firms make most of the decisions, and the federal and state
governments buy needed goods and services predominantly in the private
marketplace. US business firms enjoy greater flexibility than their
counterparts in Western Europe and Japan in decisions to expand
capital plant, to lay off surplus workers, and to develop new products. At the
same time, they face higher barriers to enter their rivals' home markets than
foreign firms face entering US
markets. US firms are at or near the forefront in technological advances,
especially in computers and in medical, aerospace, and military equipment;
their advantage has narrowed since the end of World War II. The onrush of technology
largely explains the gradual development of a "two-tier labor market"
in which those at the bottom lack the education and the professional/technical
skills of those at the top and, more and more, fail to get comparable pay
raises, health insurance coverage, and other benefits. Since 1975, practically
all the gains in household income have gone to the top 20% of households. Since
1996, dividends and capital gains have grown faster than wages or any other
category of after-tax income. Imported oil accounts for nearly 55% of US consumption.
Oil prices doubled between 2001 and 2006, the year home prices peaked; higher
gasoline prices ate into consumers' budgets and many individuals fell behind in
their mortgage payments. Oil prices increased another 50% between 2006 and
2008. In 2008, soaring oil prices threatened inflation and caused a
deterioration in the US
merchandise trade deficit, which peaked at $840 billion. In 2009, with the
global recession deepening, oil prices dropped 40% and the US trade deficit shrank, as US domestic
demand declined, but in 2011 the trade deficit ramped back up to $803 billion,
as oil prices climbed once more. The global economic downturn, the sub-prime
mortgage crisis, investment bank failures, falling home prices, and tight
credit pushed the United
States into a recession by mid-2008. GDP
contracted until the third quarter of 2009, making this the deepest and longest
downturn since the Great Depression. To help stabilize financial markets, in
October 2008 the US Congress established a $700 billion Troubled Asset Relief
Program (TARP). The government used some of these funds to purchase equity in
US banks and industrial corporations, much of which had been returned to the
government by early 2011. In January 2009 the US Congress passed and President
Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus
to be used over 10 years - two-thirds on additional spending and one-third on
tax cuts - to create jobs and to help the economy recover. In 2010 and 2011,
the federal budget deficit reached nearly 9% of GDP; total government revenues
from taxes and other sources are lower, as a percentage of GDP, than that of
most other developed countries. The wars in Iraq
and Afghanistan required
major shifts in national resources from civilian to military purposes and
contributed to the growth of the US budget deficit and public debt -
through 2011, the direct costs of the wars totaled nearly $900 billion,
according to US government figures. In March 2010, President OBAMA signed into
law the Patient Protection and Affordable Care Act, a health insurance reform
bill that will extend coverage to an additional 32 million American citizens by
2016, through private health insurance for the general population and Medicaid for
the impoverished. Total spending on health care - public plus private - rose
from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed
the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed
to promote financial stability by protecting consumers from financial abuses,
ending taxpayer bailouts of financial firms, dealing with troubled banks that
are "too big to fail," and improving accountability and transparency
in the financial system - in particular, by requiring certain financial
derivatives to be traded in markets that are subject to government regulation
and oversight. Long-term problems include inadequate investment in
deteriorating infrastructure, rapidly rising medical and pension costs of an
aging population, sizable current account and budget deficits - including
significant budget shortages for state governments - energy shortages, and
stagnation of wages for lower-income families.
Company name & address
Company name: DIRECT DISTRIBUTORS, INC.
Address: 632 Highway 70 West, Garner, NC 27529 - USA
Telephone: +1
919-772-8625
Fax: +1 919-772-3435
Website: www.agrisupply.com
Company summary
Corporate ID#: 0041583
State: North Carolina
Judicial form: Corporation
– Profit
Date incorporated: May 7,
1970
Stock: 1,000,000
shares common
Value: USD
1= par value
Name of manager: Barry
W. PARTLO
ACTIVITIES
& OPERATIONS
History:
On October 1988, name
changed from DIRECT DISTRIBUTORS INCORPORATED OF NORTH CAROLINA.
IST
Business:
The Company is importer and wholesaler of farm equipment and supplies.
Imports mainly from Asia and sells to retailers in the U.S.
EIN: -
Staff: 35
Operations & branches:
At the headquarters, we
find a large warehouse and office, on lease.
The Company maintains
branches located:
578 Lowell Mill
Rd,
Selma, NC 27576
1215 S
Brightleaf Blvd,
Smithfield, NC 27577
SHAREHOLDERS & MANAGERS
Shareholders:
Barry W. PARTLO is a major
shareholder.
Management:
Barry W. PARTLO is the
President and CEO.
Graduated in 1981 with a BS
in Biological
& Agricultural Engineering, from the North Carolina State
University
Graduated in 1984 with a MBA from the University of North Carolina
He is also the President of
other local corporations, including:
AGRI SUPPLY COMPANY
632 Highway 70 West, Garner,
NC 27529
Incorporated in North Carolina
on 09-28-1962
ID# 0002948
PARTLO VALDOSTA,
LLC
632 Highway 70 West, Garner,
NC 27529
Incorporated in North Carolina
on 12-03-2010
ID# 1178324
He is also a Director the North State Bank.
Herb LOZNICKA is the CFO.
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report but deferred any financials.
We sent a fax but no answer
received.
Outside sources (bank) gave
estimate sales for year 2011 in the range of
USD 20,000,000+
The business is said to be
profitable.
Banks: North State Bank
835
Highway 70 West Garner, NC 27529
Ph: 919-661-2265
LEGAL FILINGS
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts summary (UCC):
None