MIRA
INFORM REPORT
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Report Date : |
14th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GOMACO INTERNATIONAL |
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Registered Office : |
Highways 59 & 175, Ida Grove, Iowa 51445, United States |
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Country : |
United States |
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Date of Incorporation : |
26.11.1973 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer of construction equipment. |
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 : GOMACO INTERNATIONAL
Trade Name(s) : Gomaco Trolley Company
Trade Name(s) : Gomaco Smoothness InSpanit Work Bridge
Address : HIGHWAYS 59 & 175
City : IDA GROVE
State/Province : IOWA
Zip Code : 51445
Country : UNITED STATES
Telephone : 712 364-3347
Facsimile : 712 364-3986
Legal Form : Corporation - Private
Website : www.gomaco.com
@rating Opinion :
Business Activity : Gomaco International, Inc., is a manufacturer of construction equipment.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Contact Person: Mr. Rich Smith
Position: Financial Controller
Mr. Rich Smith responded to general information but declined all financial details citing confidentiality and deferred a written request. The information in the report was retrieved from the Company's Website, outside sources and some of Mr. Rich Smith information.
Outside sources failed to provide employee.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 26/11/1973
State/Province of Incorporation : IA
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in Iowa under the following registration:
Legal Name : GOMACO INTERNATIONAL, INC.
Chapter : CODE 490 DOMESTIC PROFIT
Corp No. : 16304
Expiration Date : PERPETUAL
Type : Legal
Modified : No
Effective Date : Nov 26, 1973
State of Inc. : IA
Filing Date : Nov 26, 1973
Status : Active
Type : Legal
Status : Active
Modified : NO
Name : GOMACO INTERNATIONAL, INC.
Registered Agent or Reserving Party Full Name:
EVELYN LAWHEAD
Address : 119 121 E HWY 175
City, ST, Zip : IDA GROVE, IA, 51445
Home Office
Address : 119 121 E HWY 175
City, ST, Zip : IDA GROVE, IA, 51445
Managers/Key Personnel
Mr. Gary Godbersen President & Chief Executive Officer
Mrs. Sharon K. Godbersen Director
Mr. Kent Godbersen Treasurer
AFFILIATED ENTITIES
Outside sources reported one affiliated company: Godbersen Equipment Company
BANKS
IA
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained either from management or from outside sources.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 07-02 06-12 0000000 100 0
0 0 0 0 0
COMPUTERS
06-12 00-00 0000000 0 0
0 0 0 0 0
COMPUTERS
07-01 02-10 CREDIT 25000 0
0 0 0 0 0
CONST MACH 07-01 00-00 NET 0
0 0 0
0 0 0
CONST MACH 07-01 00-00 MULTI 279100
33600 100 0 0
0 0
CONST MACH 07-01 06-06 COD 200
0 0 0
0 0 0
DP EQUIP
06-11 00-00 NET 30 0 0 0 0 0
0 0
EQUIPMENT
06-12 00-00 NET 30 0 0 0 0 0
0 0
FINCL SVCS 07-01 07-01 CONTRCT 31200 13700
100 0 0 0
0 CUST 1 YR
FINCL SVCS 07-01 06-12 VARIED 4200
200 94 0
3 3 0 CUST 9 YR
FREIGHT
07-01 06-12 VARIED 800 500
100 0 0 0
0
FRGHT FWRD 07-02 01-06 NET 30 0
0 0 0
0 0 0 CUST 33 YR
INDUS SUPL 07-01 07-01 NET 30 4600
1300 100 0 0
0 0 CUST 14 YR
IRON& STEEL 07-01 00-00 NET 30 15200
1300 100 0 0
0 0
LUMBR& WOOD 07-01 00-00 NET 30 1200
0 0 0
0 0 0 CUST 96 YR
LUMBR& WOOD 06-12 06-12 VARIED 1200
400 100 0 0
0 0 CUST 4 YR
MACH DISTR 07-01 06-05 1/10N30 100 0
0 0 0 0 0
CUST 3 YR
MANUFCTRNG 07-01 06-12 NET 30 2600
1900 100 0 0
0 0 CUST 38 YR
MANUFCTRNG 07-01 06-12 NET 30 2300
0 0 0
0 0 0 CUST 24 YR
MISC MANUF 07-01 07-01 VARIED 91400
33100 100 0 0
0 0
PACKAGING
07-01 06-12 NET 30 1700 100
100 0 0 0
0 CUST 12 YR
PLUMBING
06-12 06-12 NET 10 4000 800
100 0 0 0
0
PRI METALS 06-11 00-00 .5/1030 0 0 0 0 0
0 0
TRNS EQUIP 07-01 00-00 NET 30 0
0 0 0
0 0 0 CUST 6 YR
TRUCK DLR
07-02 00-00 CONTRCT 8100
0 0 0
0 0 0
ADVERTISNG 06-05 03-05 NET 15 1200
0 0 0
0 0 0 PROMPT
AIR TRANS
06-06 06-05 0000000 900
700 100 0 0
0 0 CUST 28 YR
AIR TRANS
05-12 00-00 NET 30 100 0
0 0 0 0 0
CUST 9 YR
AUTOMOTIVE 06-09 06-06 VARIED 700
0 0 0
0 0 0 CUST 17 YR
AUTO EQUIP 05-09 00-00 NET 30 0
0 0 0
0 0 0
BLDG MATRL 04-12 00-00 NET 30 800
0 0 0
0 0 0
BUS SERVCS 05-04 05-04 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 04-12 04-11 NET 30 600
0 0 0 0
0 0 CUST 5 YR
CHEMICALS
05-01 04-11 NET 30 300 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 8100
0 0 0
0 0 0
CONSTRUCTN 04-11 00-00 1/10N30 0 0 0 0 0
0 0
CONST MACH 06-04 06-03 VARIED 32700
1800 100 0 0
0 0
CONST MACH 05-03 00-00 N10PRXO 0 0 0 0 0
0 0
CRED CARD
07-02 07-01 REVOLVE 3400
3000 100 0 0 0 0
CUST 7 YR
ELEC MFG
04-03 03-12 NET 30 3000 1400
100 0 0 0
0
ELEC SUPLR 05-04 00-00 VARIED 3000
3000 74 26
0 0 0
FINCL SVCS 06-09 00-00 VARIED 300
100 100 0 0
0 0 CUST 2 YR
FREIGHT
06-09 06-09 VARIED 70000 70000
98 2 0 0 0
FRGHT FWRD 06-01 00-00 NET 30 22500
2500 100 0 0
0 0
HOUSEWARES 06-04 99-05 VARIED 0
0 0 0
0 0 0
INDUS MACH 06-07 00-00 NET 0
0 0 0
0 0 0
INDUS MACH 06-07 00-00 NET 30 0
0 0 0
0 0 0
INDUS SUPL 06-03 00-00 VARIED 0
0 0 0
0 0 0
INDUS SUPL 06-03 00-00 NET 30 4900
0 0 0
0 0 0
INDUS SUPL 05-05 00-00 NET 30 0
0 0 0 0 0 0
CUST 5 YR
MANUFCTRNG 04-02 00-00 NET 30 11700
11700 100 0 0
0 0
MED SUPPLY 06-04 00-00 VARIED 4300
3300 100 0 0
0 0
METAL DIST 06-04 05-09 VARIED 17800
0 0 0
0 0 0 CUST 15 YR
METAL DIST 06-05 06-05 5/10N30 16300 1500
100 0 0 0
0
MISC MANUF 06-09 06-09 VARIED 44700
7200 100 0 0
0 0 CUST 31 YR
MISC MANUF 05-01 00-00 VARIED 400
0 0 0
0 0 0
NONFER MTL 04-11 04-09 NET 30 6900
6100 100 0 0
0 0 CUST 13 YR
SAFTY PROD 06-03 00-00 NET 30 100
0 0 0
0 0 0 CUST 1 YR
TRNS EQUIP 06-06 06-06 NET30 2700
600 100 0 0
0 0 CUST 6 YR
WHLSE TRAD 04-03 00-00 VARIED 100
100 100 0 0
0 0
CURRENT QUARTER 473000
86900 100 0 0
0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
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20070100
0 8 2 288000 87 13
0 0 0
20061200
0 7 0 228900 100
0 0
0 0
20061100
0 7 1 347700 95 5
0 0 0
20061000
0 8 0 231800 100
0 0
0 0
20060900
0 7 2 182400 89 11
0 0 0
20060800
0 7 1 303600 92 8
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
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Fourth
2006 1 279200 94 6 0
0 0
Third
2006 1 233800 94 6 0
0 0
Second
2006 0 234900 98 2 0
0 0
First
2006 0 219800 97 3 0
0 0
Fourth
2005 1 169900 91 9 0
0 0
FINANCIAL INFORMATION
Mr. Rich Smith deferred all financial details via the telephone interview and written request. Outside sources failed to add any insight into the condition of the firm.
HISTORY
Harold Godbersen started his own construction firm in Ida Grove, Iowa, in 1938.
In 1946, he founded Godbersen-Smith Construction Company in Ida Grove. With experience in the construction field, GOMACO Corporation was founded in 1965 by Harold and Gary Godbersen as a division of Godbersen-Smith Construction Company.
CURRENT OPERATIONS
NAICS Code: 33312 Construction Machinery Manufacturing
SIC Code: 3531
Business Activity
Gomaco International, Inc., is a manufacturer of construction equipment.
Gomaco International, Inc., specializes construction equipment for automated concrete applications. The products include; grade trimmers for accurate subbase preparation as; concrete placer/spreaders, slipform paver/trimmers, pavers for slopes, texture/curing machines and cylinder/finishers. GOMACO equipment slipforms concrete for streets and highway paving, sidewalks, recreation and golf cart paths, curb and gutter, median barrier, parapet, monolithic sidewalk curb and gutter, irrigation canals and waterways. Gomaco International, Inc.'s machines include: Curb & Cutter, Pavers, Placer/Spreaders, Trimmer/Placers, Texture/Cure Machines and Cylinder Finishers. Gomaco International, Inc., is headquartered at the above address; in Ida Grove, Iowa, USA, with international offices in the United Kingdom and Singapore.
GOMACO Corporation
GOMACO International
119 E. Highway 175
PO Box 151
Ida Grove, Iowa USA 51445
Phone : 712-364-3347
Fax : 712.364.3986
E-mail : info@gomaco.com GOMACO International LTD.
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769 Buckingham Avenue
Trading Estate, Slough
SL1 4NL Berkshire, England
Phone : 44-1753-821926
Fax : 44.1753..693093
E-mail : pavinguk@gomaco.com Singapore Representative Office
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#1 Jalan Mat Jambol
Singapore, 119497
Phone : 65.6376-0803
Fax : 65.6376.0804
E-mail : tnash@pacific.net.sg
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Australia Representative Office
19 Eustace Street
Aspley 4034
Brisbane, Queensland
Australia
Phone : 61-07-3630-5000
Fax : 61.07.3630.5888
E-mail : gomaco@bigpond.com India Representative Office
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A-11-A Ansal Villas
Satbari, Chattarpur, Delhi
India, 110074
Phone & Fax : 91-11-2665-2403
E-mail : linhamindia@yahoo.com Caribbean, Central & South American Representative Office
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Pasaje Municipal 0315
Cochabamba, Bolivia
Phone & Fax : 591-4-452-1482
Cell : 591-707-23454
E-mail : gomaco@supernet.com.bo
TRADE REFERENCES
Supplier references were declined by management.
PUBLIC RECORD
DEBTOR
INFORMATION
Debtor(s): GOMACO INTERNATIONAL INC.
5913 EAST HWY 175
IDA GROVE, IA 51445
SECURED
PARTY OR CREDITOR INFORMATION
Secured Party(s): STRONGCO INC.
1640 ENTERPRISE RD
MISSISSAUGA 4L4 4W4
ONTARIO, CANADA
COLLATERAL
INFORMATION
Collateral Type: EQUIPMENT
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A nationwide search of bankruptcy courts showed no filings under the name Gomaco
International, Inc.
GENERAL COMMENTS
Gomaco Corporation, Inc., was established in 1965, and since that time the firm has successfully marketed products in the United States with expansion to Canada in 1969 and further expansion into foreign markets in the following years. The payment record is generally satisfactory; however, public revealed no legal action reported against the Company.
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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