MIRA
INFORM REPORT
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Report Date : |
4th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MCNEIL
& NRM INC. |
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Registered Office : |
96 East Crosier Street, Akron,
Ohio 44311, United States |
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Country : |
United
States |
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Date of Incorporation : |
23.04.1979 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
The Company is a manufacturer
and distributor of industrial machinery which is used in the tire &
rubber molding industries. |
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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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name : MCNEIL &
NRM, INC.
Address : 96 East Crosier Street
City : AKRON
State/Province : OHIO
Zip Code : 44311
Country : UNITED STATES
Telephone : 330 253-2525
Facsimile : 330 253-5612
Legal Form : Corporation - Private
Website : No Website
@rating Opinion :
Business
Activity : The Company is a
manufacturer and distributor of industrial machinery which is
used in the tire & rubber molding industries.
Founded (D/M/Y) : / /1938
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 70
NOTE TO CLIENT
Person contacted: Mr. Dan
Batchik, Assistant Controller.
NOTE:
Mr. Batchik stated that there is a parent company and affiliates, however he
declined to provide any further information on these entities.
Outside sources could not offer any further information in this
matter.
LEGAL
Legal Form : Corporation - Private Since (D/M/Y): 23/04/1979
State/Province of Incorporation : DE
Status : ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
Delaware registration:
File Number :
0871293
Incorporation Date / Formation
Date : 04/23/1979
Entity Name :
MCNEIL & NRM, INC.
Entity Kind :
CORPORATION Entity Type: GENERAL
Residency : DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name : UNITED STATES CORPORATION COMPANY
Address : 2711 CENTERVILLE ROAD SUITE 400
City : WILMINGTON County: NEW CASTLE
State: DE Postal Code : 19808
Phone : (302)636-5400
The Subject is qualified in Ohio
under the following registration:
Business Name Charter MCNEIL
& NRM, INC.
Registration Number 535429
Type Foreign Corporation
Original Filing Date May 11 1979
Status Active
Expiration Date Location Delaware
Agent Name United States
Corporation Company
Agent Address 50 West Broad
Street Suite 1800 Columbus Ohio 43215
Effective Date 06-DEC-04
Contact Status Active
Managers/Key Personnel
Mr. Paul H. Yared President
Mr. R.N. Nelson Vice
President - Finance
Mr. Joel Siegfried Controller
Mr. Dan Batchik Assistant
Controller
AFFILIATED ENTITIES
The
Subject has affiliated companies, however Mr. Batchik, Assistant controller,
declined to provide any information on these entities. Outside sources could
not offer any further insight.
Parent Companies
Parent Company: < see notes to client>
OH
UNITED STATES
BANKS
OH
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Batchik declined to comment
on the Subject's bank.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 06-10 00-00 NET 30
0 0 0
0 0 0 0 CUST
3 YR
AIR TRANS 06-06 06-06
0000000 1400 300 97
3 0 0 0 CUST 31 YR
BLDG MATRL 06-09 06-09 VARIED
326000 204600 93
7 0 0 0
COMMUN SVC 06-08 00-00 NET 20
500 200 100 0
0 0 0
FINCL SVCS 06-10 06-09 CONTRCT 32500 19200 100 0 0
0 0 CUST 2 YR
FREIGHT 06-09 06-09
VARIED 15100 900 100 0 0
0 0
INDUS SUPL 06-09 00-00 1/10N30 0 0 0 0
0 0 0
INDUS SUPL 06-06 06-04 NET 30
11900 2400 17
83 0 0 0 CUST 10 YR
MACH DISTR 06-09 00-00 VARIED
600 0 0
0 0 0 0
MACH DISTR 06-07 06-07 1/10N30 1900 1000 76 24 0 0
0 CUST 12 YR
MANUFCTRNG 06-09 06-09 NET 30
7300 200 100 0
0 0 0 CUST 15 YR
MISC MANUF 06-09 06-09 VARIED
16100 2200 100 0
0 0 0 CUST 2 YR
MISC MANUF 06-09 06-09 VARIED
12400 12400 100 0
0 0 0
PLUMBING 06-08 00-03
NET30 0 0 0 0 0 0 0
PROP MGMT 06-07 00-00 NET
30 3700 3700 100 0 0
0 0
TRUCK DLR 06-09 00-00
CONTRCT 11400 4000 32
68 0 0 0
WAREHOUSE 06-09 98-09
VARIED 0 0 0 0
0 0 0 ACCTCLOSED
AIR TRANS 05-12 00-00 NET
30 18400 18400 25 25
31 1 18 CUST 20 YR
CELLUL/PAG 05-11 05-10 NET 30
300 0 0
0 0 0 0 CUST
4 YR
COMMUN EQP 04-06 00-00 COD
0 0 0
0 0 0 0
COMMUN SVC 03-10 00-00 NET 30
200 200 100 0
0 0 0
COMPUTERS 04-02 00-00 NET
30 0 0 0 0
0 0 0
ELEC EQUIP 06-01 00-00 NET 30
0 0 0
0 0 0 0
ELEC MFG 04-11 00-00
VARIED 19200 19200 0 0
100 0 0 CUST
8 YR
ELEC SUPLR 05-04 00-00 VARIED
15100 0 0
0 0 0 0
ELEC SUPLR 06-02 00-00 NET30
185800 100 0
0 100 0 0
FACTOR 05-01 01-02 NET
30 0 0 0 0
0 0 0 CUST 6 YR
FRGHT FWRD 06-01 00-00 NET 30
3700 900 100 0
0 0 0
LEASING 06-09 00-00
CONTRCT 1500 900 72
28 0 0 0
LEASING 03-12 03-10
NOTE 1000 1000 66 17
17 0 0
MANUFCTRNG 04-02 00-00 NET 30
0 0 0
0 0 0 0
MED SUPPLY 06-04 00-00 VARIED
0 0 0 0 0
0 0
MISC MANUF 04-01 00-00 VARIED
100 0 0
0 0 0 0
NEWSPAPERS 05-08 05-07 NET 20
1600 1100 49
51 0 0 0 CUST
1 YR
NONFER MTL 04-11 04-07 CIA
600 0 0
0 0 0 0 CUST 11 YR
PAINTS 04-12 00-00
VARIED 1400 200 100 0 0
0 0
SAFTY PROD 06-03 00-00 NET 30
200 0 0
0 0 0 0
SURG EQUIP 06-02 00-00 NET 30
200 0 0
0 0 0 0
TELECOM 04-11 00-00 NET
30 300 100 72 28 0 0 0
DISPUTE
TELECOM 05-03 00-00 NET
30 0 0 0 0
0 0 0
TRANSPORTN 04-11 00-00 VARIED
300 0 0
0 0 0 0
UTILITY 05-10 00-00
CONTRCT 0 0 0
0 0 0 0
CURRENT QUARTER
437100 247400 92 8 0 0
0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061000 0 6 1 276900 93
7 0 0 0
20060900 0 5 0 172700 97
3 0 0 0
20060800 0 7 0 168400 97
3 0 0 0
20060700 0 7 4 175900 89
2 9 0 0
20060600 0 5 1 148700 98
1 0 1 0
20060500 0 5 1 126000 92
8 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third 2006 1 179600 94 6
0 0 0
Second 2006 2 130200 93 3
4 0 0
First 2006 2 71500 89 10
1 0 0
Fourth 2005 4 100600 77 22
1 0 0
Third 2005 2 71700 89 9
2 0 0
FINANCIAL INFORMATION
Mr.
Batchik confirmed general information and stated that sales are in the $50 -
$100 million range. Further details were not provided.
CURRENT OPERATIONS
NAICS Code :
33322 Rubber and Plastics Industry
Machinery Manufacturi
SIC Code :
3559
Number of Employees : 70
Business Activity
The Company is a manufacturer and
distributor of industrial machinery which is used in the tire & rubber molding industries.
The
Company manufactures vulcanizing presses and tire rebuilding molds. The Company
exports equipment to Eastern and Western Europe, Africa, Asia, and Australia as
well as distribution throughout North America. Exports account for 40% of total
sales. The Subject Company imports products occasionaly from Romania.
The Subject has no branch locations at this
time.
PUBLIC RECORD
We found no current public record
filings in the Subject's name, including bankruptcy or other such derogatory
filings.
GENERAL COMMENTS
The
Subject dates back nearly 70 years. The current registration was filed in 1979.
The payment history of the Company is satisfactory, and operating record clear.
No derogatory information was reported or noted. The Company is considered
responsible for normal business transactions.
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 |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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