MIRA
INFORM REPORT
|
Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
CONTINENTAL CONVEYOR & EQUIPMENT COMPANY |
|
|
|
|
Registered Office : |
438 Industrial Drive, Winfield, Alabama 35594, United States |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
20/12/1988 |
|
|
|
|
Legal Form : |
Corporation - Private |
|
|
|
|
Line of Business : |
Manufactures and distributes bulk handling materials and various types of conveyor equipment worldwide. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : CONTINENTAL CONVEYOR & EQUIPMENT COMPANY
Address : 438 INDUSTRIAL DRIVE
City : WINFIELD
State/Province : ALABAMA
Zip Code : 35594
Country : UNITED STATES
Telephone : 205-487-6492
Facsimile : 205-487-4233
Legal Form : Corporation - Private
Website : See Notes to Client.
@rating Opinion :
Business Activity : The Company manufactures and distributes bulk handling materials and various
types of conveyor equipment worldwide.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 1,500
NOTE TO CLIENT
PLEASE NOTE: Website: www.continentalconveyor.com.
Mr. Jimmy Dickinson, Chief Financial Officer, provided the following information contained in this report.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 20/12/1988
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 the state of Delaware:
File Number : 2181748 Incorporation Date / Formation Date: 12/20/1988
Entity Name : CONTINENTAL CONVEYOR & EQUIPMENT COMPANY
Entity Kind : CORPORATION Entity Type: GENERAL
Residency : DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name : THE CORPORATION TRUST COMPANY
Address : CORPORATION TRUST CENTER 1209 ORANGE STREET
City : WILMINGTON County: NEW CASTLE
State : DE Postal Code: 19801
Phone : (302)658-7581
---------------------------------------------------------------------
There is no qualification information with the Alabama Secretary of State.
Managers/Key Personnel
Mr. Jimmy Dickinson Chief Financial Officer
Mr. Ron Kaplan President
AFFILIATED ENTITIES
Management stated that the Company has subsidiaries in the UK, South Africa and Australia but we could not ascertain the names of them.
Parent Companies
Parent Company: Continental Holding Group
AL
UNITED STATES
BANKS
AL
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Company's primary bank.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-01 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
COMPUTERS
07-01 03-08 CREDIT 25000 0
0 0 0 0 0
ACCTCLOSED
DP SERVCS
07-01 06-10 0000000 0
0 0 0
0 0 0 CUST 9 YR
ELEC DISTR 06-10 00-00 NET 60 40800
5000 86 14
0 0 0
ELEC SUPLR 07-01 00-00 N10PRXO 4800 100
28 72 0 0 0
FACTOR
07-01 03-05 NET 30 0 0 0 0 0
0 0
FACTOR
07-01 06-08 NET 6000 0
0 0 0 0 0
CUST 7 YR
FINCL SVCS 07-01 06-11 NET 1900
300 92 0
1 5 2 CUST 3 YR
FRGHT FWRD 07-01 06-11 NET 30 0
0 0 0
0 0 0
FRGHT FWRD 07-01 07-01 VARIED 4100
1600 100 0 0
0 0 SATSFTRY
IRON& STEEL 07-01 00-00 NET 30 204800
12500 100 0 0
0 0
MACH DISTR 06-12 06-12 VARIED 50500
2600 100 0 0
0 0
MANUFCTRNG 06-12 06-12 NET 30 29900
100 100 0 0
0 0
MISC MANUF 06-11 06-10 VARIED 2000
0 0 0
0 0 0
PACKAGING
07-01 00-00 NET 30 700 0
0 0 0 0 0
CUST 14 YR
PLUMBING
06-12 06-12 NET 10 24500 1600
34 56 10 0 0
RETL TRADE 07-01 05-08 VARIED 1500
0 0 0
0 0 0 CUST 7 YR
RETL TRADE 07-01 06-12 VARIED 4400
4400 100 0 0
0 0 CUST 2 YR
SAFTY PROD 07-01 06-12 NET 30 1100
1100 67 19
14 0 0 CUST 15 YR
TELECOM
07-01 00-00 NET 30 100 100
100 0 0 0
0
TRNS EQUIP 07-01 00-00 NET 30 300
0 0 0
0 0 0 CUST 21 YR
TRUCK DLR
07-01 00-00 CONTRCT 15200
8100 28 65
0 0 7 COLLECTION
AIR TRANS
06-06 06-05 0000000 2000
900 100 0 0
0 0 CUST 28 YR
AIR TRANS
05-12 00-00 NET 30 400 400
0 0 100 0 0 CUST 17 YR
BLDG MATRL 06-09 06-05 VARIED 900
100 100 0 0
0 0
BLDG MATRL 04-09 04-09 VARIED 1900
1900 100 0 0 0
0
BUS SERVCS 06-05 06-05 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 05-12 05-11 NET 30 700
100 100 0 0
0 0 CUST 12 YR
CELLUL/PAG 04-05 04-05 NET 30 0
0 0 0
0 0 0 CUST 4 YR
CELLUL/PAG 05-07 05-06 NET 30 400
0 0 0
0 0 0 CUST 5 YR
COMMUN SVC 06-08 00-00 NET 20 0
0 0 0
0 0 0
COMPUTERS
04-02 00-00 NET 30 0 0 0 0 0
0 0
COMPUTERS
06-06 06-05 0000000 24800
16000 0 20
80 0 0
CONST MACH 04-07 00-00 NET 30 1700
900 53 47
0 0 0
DP EQUIP
04-04 00-00 NET 30 0 0 0 0 0
0 0
ELEC DISTR 06-09 00-00 NET 30 2300
1500 90 10
0 0 0
ELEC MFG
04-03 03-12 NET 30 2500 1200
100 0 0 0
0
ELEC SUPLR 04-08 04-07 2/10N30 2400 1500
100 0 0 0
0
ELEC SUPLR 05-04 00-00 VARIED 2500
1200 33 67
0 0 0
ELEC SUPLR 05-08 00-00 NET30 100
100 0 100 0
0 0
FACTOR
05-01 00-11 NET 30 0 0 0 0 0
0 0 CUST 5 YR
FACTOR
04-05 03-02 VARIED 0 0 0 0 0
0 0
FREIGHT
06-09 06-09 VARIED 129300 129300
52 36 0 0 12
INDUS MACH 05-05 00-00 NET 30 1700
0 0 0
0 0 0
INDUS SUPL 06-06 06-06 NET 30 98200
82200 50 49
1 0 0 CUST 24 YR
INDUS SUPL 06-06 06-05 NET 30 11000
100 100 0 0
0 0 CUST 37 YR
LEASING
04-10 04-10 N30 148400 148400
0 97 3 0 0 CUST
1 YR
LEASING
06-12 00-00 CONTRCT 2100
2100 100 0 0
0 0
LEASING
05-01 04-12 NOTE 5300 0
0 0 0 0 0
MANUFCTRNG 05-04 01-07 NET 30 0
0 0 0
0 0 0 CUST 4 YR
MANUFCTRNG 04-02 00-00 NET 30 0
0 0 0
0 0 0
MANUFCTRNG 05-09 00-00 NET 200
0 0 0
0 0 0 CUST 3 YR
MISC MANUF 06-09 06-09 VARIED 47300
33100 42 58
0 0 0 CUST 40 YR
PAINTS
04-12 00-00 VARIED 20300 20300
100 0 0 0
0
PAINTS
06-01 05-11 1/10PRX 8300
0 0 0
0 0 0
PLBG SUPLR 04-04 02-03 VARIED 800
0 0 0
0 0 0
SAFTY PROD 06-03 00-00 NET 30 600
0 0 0
0 0 0 CUST 1 YR
TRANSPORTN 04-11 00-00 VARIED 25100
0 0 0
0 0 0
TRANSPORTN 06-09 00-00 NET 30 4100
0 0 0
0 0 0 CUST < 1 Y
WHLSE TRAD 04-03 00-00 VARIED 200
100 100 0 0
0 0
CURRENT QUARTER 417500
37400 78 19
1 0 2
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070100
0 5 4 35600 88
8 2 0 2
20061200
0 5 9 40000 52 46
0 0 2
20061100
0 5 4 106900 81 18
0 0 1
20061000
0 5 5 253700 87 2
11 0 0
20060900
0 5 3 171100 82 17
1 0 0
20060800
0 5 3 186500 89 9
1 1 0
Payment History - Quarterly
Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 5 60700 76 23 0
0 1
Third
2006 4 203300 86 9 5
0 0
Second
2006 3 155500 85 11 4
0 0
First
2006 1 144200 95 5 0
0 0
Fourth
2005 2 78600 89 9 2
0 0
FINANCIAL INFORMATION
Management declined to provide detailed financial information however they did indicate an annual net sales range of US$365 million.
CURRENT OPERATIONS
NAICS Code : 42183 Industrial Machinery and Equipment Wholesalers
SIC Code : 5084
Number of Employees: 1,500
Business Activity
The Company manufactures and distributes bulk handling materials and various types of conveyor equipment worldwide.
The headquarters is at the heading address. Management reports additional locations worldwide.
PUBLIC RECORD
The following Uniform Commercial Codes were filed by the Company:
UNIFORM
COMMERCIAL CODE REPORT
Information Current Through : 11-17-2006
Database Updated : 02-05-2007
Update Frequency : Weekly
Current Date : 02/05/2007
Source : DE SECRETARY OF STATE
FILING
INFORMATION
Filing Number : 62258598
Filing Date : 06/29/2006
Filing Time : 8:10PM
Filing Type : AMENDMENT
Filing Date of Related Filing : 11/21/2003
Filing Office : SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS, DOVER, DE 19901
DEBTOR
INFORMATION
Debtor(s) : CONTINENTAL CONVEYOR & EQUIPMENT CO. LP
P.O. BOX 189 ROUTE 1147, SALYERSVILLE, KY 41465
D& B DUNS Number : 055105290
HDQ D& B DUNS Number : 004015822
SECURED
PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK ONE, N.A. F/K/A BANK ONE CLEVELAND, N.A.
120 S. LASALLE STREET
CHICAGO, IL 60603
--------------------------------------------------------------------------------
UNIFORM
COMMERCIAL CODE REPORT
Information Current Through : 11-17-2006
Database Updated : 02-05-2007
Update Frequency : Weekly
Current Date : 02/05/2007
Source : DE SECRETARY OF STATE
FILING
INFORMATION
Filing Number : 62258606
Filing Date : 06/29/2006
Filing Time : 8:10PM
Filing Type : AMENDMENT
Filing Date of Related Filing : 09/23/2003
Filing Office : SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF YORK STS, DOVER, DE 19901
DEBTOR
INFORMATION
Debtor(s) : CONTINENTAL CONVEYOR & EQUIPMENT CO.
401 CARBONVILLE ROAD, PRICE, UT 84501
SECURED
PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK ONE, N.A. SUCCESSOR TO AMERICAN NATIONAL BANK AND TRUST
COMPANY OF CHICAGO
120 S LASALLE ST
CHICAGO, IL 60603
--------------------------------------------------------------------------------
UNIFORM
COMMERCIAL CODE REPORT
Information Current Through : 01-24-2007
Database Updated : 02-05-2007
Update Frequency : Weekly
Current Date : 02/05/2007
Source : AL SECRETARY OF STATE
FILING
INFORMATION
Filing Number : 40674404
Filing Date : 08/20/2004
Filing Time : 5:00PM
Expiration Date : 08/20/2009
Total Number of Pages : 2
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
600 DEXTER AVE, MONTGOMERY, AL 36104
DEBTOR
INFORMATION
Debtor(s) : CONTINENTAL CONVEYOR EQUIPMENT CO
438 INDUSTRIAL DRIVE, WINFIELD, AL 35594
D& B DUNS Number : 00-401-5822
SECURED
PARTY OR CREDITOR INFORMATION
Secured Party(s) : GREATER BAY BANK N A
100 TRI STATE INTERNATIONAL SUITE 14
LINCOLNSHIRE, IL 60069
--------------------------------------------------------------------------------
A search of bankruptcy courts revealed no record of the Company filing for bankruptcy.
GENERAL COMMENTS
The Subject is a well-established manufacturer and distributor of bulk handling materials and various types of conveyor equipment worldwide. Payment are considered to be generally satisfactory and a search of public records and bankruptcy courts returned no derogatory information or record of the Company filing a bankruptcy petition.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome financial
difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|