MIRA INFORM REPORT
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Report Date : |
13th May 2006 |
IDENTIFICATION DETAILS
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Name : |
M & R SALES AND SERVICE, INC |
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Registered Office : |
372 Main Street Glen Ellyn,Illinois 60137, United States |
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Date of Incorporation : |
23/12/1994 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturers of screen printing
equipment |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name: M & R SALES AND
SERVICE, INC.
Address: 372
MAIN STREET
City: GLEN
ELLYN
State/Province: ILLINOIS
Zip
Code: 60137
Country: UNITED
STATES
Telephone: 630
858-6101
Facsimile: 630
858-6134
Legal
Form: Corporation - Private
Website: www.mrprint.com
@rating
Opinion:
As
of: 31/12/2005
Sales /
Revenue: 88,000,000
Net
Income:
Total
Equity:
Number
of Employees: 400
Business
Activity:
The Firm
is a manufacturer of screenprinting equipment.
NOTE TO CLIENT
Person
Contacted: Mr. Michael Downs, Accounting Manager.
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 23/12/1994
State/Province
of Incorporation: DE
Status: ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The Firm
is incorporated in Delaware under the following:
File
Number: 2461334
Incorporation
Date: 12/23/1994
Entity
Name: M & R SALES AND SERVICE, INC.
Entity
Kind: CORPORATION
Entity
Type: GENERAL
Residency:
DOMESTIC
State:
DELAWARE
REGISTERED
AGENT INFORMATION
Name:
THE PRENTICE-HALL CORPORATION SYSTEM, INC.
Address:
2711 CENTERVILLE ROAD SUITE 400
City:
WILMINGTON
County:
NEW CASTLE
State:
DELAWARE
Postal
Code: 19808
Phone:
(302)636-5400
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The Firm
was qualified in Illinois under the following:
Entity
Name: M & R SALES AND SERVICE, INC.
File
Number: 61554513
Status:
GOODSTANDING
Entity
Type: CORPORATION
Type of
Corp: FOREIGN BCA
Qualification
Date: 03/23/2001
State:
DELAWARE
Agent
Name: C T CORPORATION SYSTEM
Agent
Change Date: 03/23/2001
Agent
Address: 208 SO LASALLE ST, SUITE 814
Agent
City: CHICAGO
Agent
Zip: 60604-1101
Duration
Date: PERPETUAL
For
Year: 2006
Managers/Key Personnel
Mr.
Richard Hoffman President
Mr.
Peter Seidler
Secretary
Mr.
Michael Downs Accounts
Manager
AFFILIATED ENTITIES
The
following companies are affiliated to the Firm:
AMSCOMATIC,
INC.
NUARC,
INC.
Parent Companies
Parent
Company: M & R PRINTING EQUIPMENT, INC.
DE
UNITED
STATES
BANKS
LaSalle
Bank NA
CA
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Policy
prohibits the bank from releasing information concerning the bank's commercial
customers.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE
TERMS $ $
% 30 60 90 91+ COMMENTS
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----- ----- ------- -------- -------- --- --- --- --- --- --------
CONST MACH
06-03 00-00 NET 30 200 0
0 0 0 0 0
CUST 6 YR
FREIGHT 06-04 06-04 VARIED 4600
1300 100 0 0
0 0
PACKAGING 06-04 00-00 NET 30 0 0 0 0 0
0 0 CUST 4 YR
AIR TRANS 05-09 05-09 100 0 0
0 0 0 0
AIR TRANS 05-12 00-00 NET 30 14000 7500 78
0 22 0 0 CUST 23 YR
FRGHT FWRD
03-11 00-00 NET 15 200 200
0 100 0 0
0
TRANSPORTN
03-12 03-12 VARIED 100 100
0 100 0 0
0
CURRENT
QUARTER 4800 1300
100 0 0 0
0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR
DBT DBT $ % 30 60
90 91+
-------- ---
--- --- -------- --- --- --- --- ---
20060400 0
5 18 500 25 54 21
0 0
20060300 0
6 1 1300 91 9 0
0 0
20060200 0
7 0 1100 100 0 0 0
0
20060100 0
5 0 1200 100 0 0 0
0
20051200 0
5 0 1200 100 0 0 0
0
20051100 0
5 0 1200 100 0 0 0
0
Payment
History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT
$ % 30
60 90 91+
--------
------ --- -------- --- --- --- --- ---
First 2006 4
1000 82 14
4 0 0
Fourth 2005
0 1200 100 0 0 0
0
Third 2005 9
2300 61 31
6 2 0
Second 2005 14
3100 62 16
17 5 0
First 2005 2
2600 87 13
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales /
Revenues 88,000,000 -
-
Mr.
Downs declined to provide financial statements, therefore the Firm's condition
could not be evaluated. A written inquiry was sent via fax, if he responds the
report will be updated at that time. NOTE: Due to the configuration of our
systems, all sales must be viewed as consolidated. The sales should be
considered individual.
CURRENT OPERATIONS
NAICS
Code: 339 Miscellaneous
Manufacturing
Number
of Employees: 400
Business
Activity:
The Firm
is a manufacturer of screenprinting equipment.
The Firm
handles all of the sales and maintience of screenprinting equipment for it's
parent company. The Firm also wholesales screenprinting equipment and parts.
The
provided address is the Firm's headquarters and consists of rented office
space,
manufacturing and warehouse facilities. The Firm also has locations in
New
York, Florida and California.
PUBLIC RECORD
No
Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the
Firm.
GENERAL COMMENTS
The Firm
is a well established manufacturer of screenprinting equipment. The
payment
record is satisfactory. No Uniform Commercial Codes, tax liens or
bankruptcy
petitions were traced to the Firm. The Firm is considered responsible for
normal trade relations.
AS PER WEBSITE DETAIL
About M&R
M & R is the world's foremost manufacturer of
screenprinting equipment for the graphic and textile industries, setting the
standard for innovation, quality, and service.
Begun in 1985, M&R started out with three employees,
maintaining and repairing equipment for screen printers who were dissatisfied
with the service provided by the manufacturers of their equipment. Just one
year later, M&R began manufacturing manual presses. In the late 1980’s,
M&R built Challenger, its first automatic textile press. Challenger quickly
dominated the market. Graphic presses followed in 1992. Eventually, M&R
went on to become the world's largest manufacturer of screen printing
equipment, a position it holds to this day. M&R remains heavily invested in
advanced technology, earning numerous patents and keeping the company in the
forefront of innovative design and rapid product development. Today, M&R
produces a wide array of screen printing equipment at facilities in Glen Ellyn
and Niles, Illinois, USA and in Wojnicz, Poland. M&R has branch offices in
Austria and Hong Kong, and distributors and support operations throughout the
world.
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |