MIRA
INFORM REPORT
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Report Date : |
25.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SPECIALTY
MANUFACTURING, INC. |
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Registered Office : |
10200 Pineville
Rd., P O Box 790, Pineville, North Carolina - 28134 |
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Country : |
United States |
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Date of Incorporation : |
1966 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Manufactures and
distributes school and transit bus safety parts. |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SPECIALTY
MANUFACTURING, INC.
Address: 10200
Pineville Rd.
PO Box 790
City: PINEVILLE
State/Province: NORTH
CAROLINA
Zip Code: 28134
Country: UNITED
STATES
Telephone: 704-889-7518
Facsimile: 704-889-2760
Founded (D/M/Y): / /1966
As of: 31/12/2006
Sales /
Revenue: 40,000,000
Net Income:
Total Equity:
Number of Employees:
210
Legal Form: Corporation
- Private
Website: www.specmfg.com
Business Activity: The Company manufactures and distributes
school and transit bus safety parts.
NOTE TO CLIENT
Ordered name:
SPECIALTY MANUFACTURING CO.
Correct legal name:
SPECIALTY MANUFACTURING, INC.
Contacted Person:
Ms. Linda Alley, Accounting Manager.
Ms. Alley provided information for this report.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 12/06/2006
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in Delaware:
File Number: 4172501
Incorporation Date /
Formation Date: 06/12/2006
Entity Name:
SPECIALTY MANUFACTURING, INC.
Entity Kind:
CORPORATION Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: NATIONAL
CORPORATE RESEARCH, LTD.
Address: 615 SOUTH
DUPONT HWY
City: DOVER County:
KENT
State: DE Postal
Code: 19901
The Company
qualified in North Carolina:
Specialty
Manufacturing, Inc.
SOSID: 0851677
Status:
Current-Active
Date Formed: 6/15/2006
Citizenship: Foreign
State of Inc.: DE
Agent Name:
National Corporate
Research, Ltd.
176 Mine Lake Court,
Suite 100
Raleigh NC 27615
Principal Office Address:
10250 Constellation
Blvd., Suite 2850
Los Angeles CA 90067
Managers/Key
Personnel
Mr. Gray Ellison,
III President
AFFILIATED ENTITIES
There are several
affiliated companies, however we were unable to obtain any names.
Parent Companies
Parent Company: CENTURY PARK CAPITAL PARTNERS INC
10250 Constellation Blvd., Suite 28
50
Los Angeles CA
90067
UNITED STATES
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Banking information
was declined citing company policy.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BLDG MATRL 07-01 00-00 CREDIT 11800
600 100 0 0
0 0 ACCTCLOSED
BUS SERVCS 07-04 00-00 VARIED 400
400 100 0 0
0 0
COMPUTERS
07-01 03-03 CREDIT 25000 0
0 0 0 0 0
ELEC EQUIP 07-03 00-00 NET 30 200
0 0 0
0 0 0 CUST 8 YR
FINCL SVCS 07-03 06-01 NET30 0
0 0 0
0 0 0
FINCL SVCS 07-04 07-01 CONTRCT 2400 0
0 0 0 0 0
CUST 15 YR
FREIGHT
07-04 06-12 VARIED 1000 0
0 0 0 0 0
FREIGHT
06-12 06-11 VARIED 1800 500
100 0 0 0
0
IRON& STEEL 07-04 00-00 NET 30 8500
1500 100 0 0
0 0
MACH DISTR 07-04 03-07 1/10N30 0 0 0 0 0
0 0 CUST 4 YR
MANUFCTRNG 06-12 06-11 VARIED 34100
12100 100 0 0
0 0 CUST 5 YR
METAL DIST 07-03 06-08 VARIED 70200
0 0 0
0 0 0 CUST 5 YR
OFFC SUPPL 07-01 00-00 CREDIT 3000
1400 100 0 0
0 0
OFFC SUPPL 07-01 00-00 CREDIT 15000
0 0 0
0 0 0
PACKAGING
07-04 06-11 NET 30 0 0 0 0 0
0 0 CUST 1 YR
PETROLEUM
07-03 07-02 VARIED 1100 500
100 0 0 0
0 CUST 39 YR
TEMP HELP
07-01 00-00 NET 10 2400 0 0 0
0 0 0 CUST 3 YR
TELECOM
07-03 00-00 NET 30 0 0 0 0 0
0 0
TRUCK DLR
07-04 00-00 CONTRCT 700
0 0 0
0 0 0
WAREHOUSE
07-04 07-03 VARIED 5900 400
100 0 0 0
0 CUST 8 YR
WHLSE TRAD 06-12 00-00 NET 30 2500
900 99 0
0 1 0
AIR TRANS
06-11 00-00 0000000 300
200 100 0 0
0 0 CUST 23 YR
AIR TRANS
06-11 00-00 NET 30 1300 0
0 0 0 0 0
CUST 4 YR
AUTO ACCES 04-11 00-00 NET 10 0
0 0 0
0 0 0
BUS SERVCS 06-08 06-08 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 05-07 05-06 NET 30 1100
200 100 0 0
0 0 CUST 7 YR
ELEC DISTR 05-02 00-00 NET 30 0
0 0 0
0 0 0 PROMPT
LEASING
06-11 00-00 CONTRCT 4100
0 0 0
0 0 0
MANUFCTRNG 05-05 05-05 VARIED 2500
100 100 0 0
0 0 CUST 3 YR
METAL DIST 04-05 04-05 NET EOM 25400 25400
50 50 0 0 0
OFFC SUPPL 05-11 05-09 CREDIT 600
100 100 0 0
0 0 CUST 13 YR
PAINTS
04-12 00-00 VARIED 4700 100
100 0 0 0
0
PAINTS
05-02 04-12 1/10PRX 100
0 0 0
0 0 0
TEMP HELP
05-01 00-00 NET 7 2000 0
0 0 0 0 0
TRANSPORTN 04-07 04-05 VARIED 100
100 0 0
100 0 0
TRANSPORTN 06-09 06-08 NET 30 600
100 100 0 0
0 0 PROMPT
CURRENT QUARTER 186000
18300 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 23 0 16800 100
0 0
0 0
20070300
0 16 0 16800 100 0 0
0 0
20070200
0 19 0 22100 100
0 0
0 0
20070100
0 9 4 23400 74 26
0 0 0
20061200
0 8 4 23300 74 26
0 0 0
20061100
0 8 4 25800 76 24
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
First
2007 1 20300 91 9 0
0 0
Fourth
2006 4 24200 75 25 0
0 0
Third
2006 7 63100 68 24
8 0 0
Second
2006 0 61600 99 1 0
0 0
First
2006 0 56300 99 1 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 40,000,000 - -
The Company would
not disclose any detailed financial information when contacted citing company
policy, however Ms. Linda Alley, Accounting Manager stated the Subject's annual
sales were in the US$ 40 Million range.
CURRENT OPERATIONS
NAICS Code: 3363
Motor Vehicle Parts Manufacturing
Number of
Employees: 210
Business Activity:
The Company
manufactures and distributes school and transit bus safety parts. Products manufactured by the Subject:
Stop Arms
Crossing Control
Arms
Emergency Escape
Roof Hatches
Strobe Lights
Rubber Flooring
Transit
The heading address
is the headquarters location for the Company.
There is a warehouse
in Arkansas and one division in Tennessee.
PUBLIC RECORD
We found the
following Uniform Commercial Codes filed with the North Carolina Secretary of
State's office.
Name Searched:
SPECIALTY MANUFACTURING CO.
Debtor Address:
SPECIALTY MANUFACTURING CO., INC.
10200 PINEVILLE
ROAD
PINEVILLE, NC 28134
Secured Parties:
PEI-GENESIS, INC. DBA SURE SEAL CONNECTIONS
Filing Date: 8/20/2001
Filing Number:
20010513287J
Filing Type: INITIAL
FILING
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject appears to
be a well established school and transit bus safety parts manufacturer and
distributor, operating since 1966. Payment history appears satisfactory. The
operating history appears to be satisfactory and no adverse information was
traced. 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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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%)