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About TX Rail Products
From its filings with the US Securities and Exchange Commission
TX Rail Products is based in Ashland, Kentucky and is incorporated in Georgia. Its shares trade on OTC under the ticker TXRP. The SEC classifies its business as wholesale-industrial machinery & equipment. In the fiscal year to 30 September 2019, it reported revenue of $3.9m and net income of $42,444. At that date it held total assets of $2.1m and shareholders' equity of −$2.0m.
TX Holdings, Inc., a Georgia corporation ("TX Holdings," the "Company," “we,” “our,” or “us”), is a supplier and distributor of drill bits, related tools and other mining supplies and rail products directly and through other suppliers to United States’ coal mining companies and operators for use in their extraction and transportation processes.
Our products are supplied to us by certain manufacturers and suppliers and warehoused and distributed from the Company’s principal business location in Ashland, Kentucky.
Since November 2011, Mr. Shrewsbury, our CEO, has provided financing to us that, in addition to a bank term loan, we have relied upon to fund and expand our business operations. On February 25, 2014, Mr. Shrewsbury agreed to consolidate and restructure this indebtedness and we issued in exchange for such indebtedness a Consolidated Secured Promissory Note (the “Consolidated Note”) in the principal amount of $2,000,000. The Consolidated Note bears interest at the rate of 5% per annum or prime rate if higher than 5% per annum is repayable in full ten years from the date of issuance and is subject to certain events of default. Payment of the Consolidated Note is secured by the death benefit proceeds of a $2 million key man term life insurance policy purchased by the Company on the life of Mr. Shrewsbury which has been assigned to Mr. Shrewsbury. In addition, in consideration of Mr. Shrewsbury agreeing to consolidate the indebtedness, the Company granted to Mr.
Quoted from its 10-K, filed 9 Dec 2019. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 20 Jun 2002
- Employees
- 3
- Website
- txholdings.com ↗
- Head office
- P. O. BOX 1425, ASHLAND, KY, 41105
- Incorporated in
- GA
- Classification
- Wholesale-Industrial Machinery & Equipment
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. William ShrewsburyChairman of the Board, Chief Executive Officer, since 2007$24,000
- Mr. Jose FuentesChief Financial Officer, Director, since 2008$104,000
- Dr. James GranetoDirector$3,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- TX Holdings Inc. possesses several strengths that contribute to its success and competitive advantage in the market.
- TX Holdings Inc. boasts a robust financial position, enabling it to make strategic investments, weather economic downturns, and drive sustainable growth.
- The company offers a wide range of products, catering to various customer needs and preferences. This diversification minimizes dependence on a single market segment and enhances revenue streams.
- TX Holdings Inc. has built a reputable brand image, recognized for its quality, reliability, and customer satisfaction. This brand equity attracts loyal customers and facilitates market expansion initiatives.
Weaknesses
- Despite its strengths, TX Holdings Inc. also faces certain weaknesses that pose challenges to its growth and market positioning.
- The company's operations are primarily concentrated within the domestic market, limiting its exposure to international market opportunities and potential expansion avenues.
- TX Holdings Inc. has a smaller market share compared to some of its larger competitors. This could restrict its bargaining power, pricing flexibility, and overall market influence.
- The company relies heavily on a few key suppliers for essential raw materials. Any disruptions in the supply chain or changes in supplier relationships could adversely impact production and operations.
Opportunities
- TX Holdings Inc. operates in an environment with several potential opportunities that can be leveraged to drive growth and enhance market standing.
- The company can explore expansion opportunities in emerging markets, capitalizing on rising consumer demand, favorable economic conditions, and untapped market potential.
- Rapid changes in technology present opportunities for TX Holdings Inc. to innovate its product offerings, improve operational efficiency, and gain a competitive edge in the market.
- Forming strategic alliances and partnerships with complementary businesses can enable TX Holdings Inc. to access new distribution channels, enhance its product portfolio, and reach a wider customer base.
Threats
- TX Holdings Inc. operates in a dynamic market landscape that poses various threats and challenges to its business operations and sustainability.
- The market is highly competitive, with numerous players vying for market share. TX Holdings Inc. must continuously innovate, differentiate its offerings, and adapt to changing customer preferences to stay ahead of competitors.
- Adherence to regulations, industry standards, and compliance requirements increases operational complexity and exposes the company to legal risks, penalties, and reputational damage if not managed effectively.
- Economic fluctuations, recessions, and currency exchange rate fluctuations can significantly impact consumer spending, market demand, and overall business performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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