MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL
INDUSTRIES, INC. |
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Registered Office : |
2928
Eus Highway 30, P.O. Box 2105, Grand Island, Nebraska, 68802 |
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Country : |
United
States |
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Date of Incorporation : |
28/06/1996 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Manufactures
grain storage and handling equipment, metal buildings and water treatment
systems. |
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 : GLOBAL INDUSTRIES, INC.
Address : 2928 EUS HIGHWAY 30
P.O. BOX 2105
City : GRAND ISLAND
State/Province : NEBRASKA
Zip Code : 68802
Country : UNITED STATES
Telephone : 308-384-9320
Facsimile : 308-382-6954
Legal
Form : Corporation -
Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 130
Website : www.globalindinc.com
Business
Activity : The Subject
manufactures grain storage and handling equipment, metal
buildings and water treatment systems.
NOTE TO CLIENT
Contacted person; Mr. Mike Remm, Controller.
Mr. Remm
provided and confirmed general business information about the Company. We sent
a fax requesting banking and financial information. If we receive a response,
an update will be provided.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
28/06/1996
State/Province
of Incorporation : NE
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
The
Company is incorporated is in the State of NEBRASKA
Entity
Name : GLOBAL INDUSTRIES, INC.
SOS
Account Number : 1471454
Principal
Office Address
2928 E
HWY 30
GRAND ISLAND,
NE
Registered
Agent and Office Address
JACK
HENRY
4100
WEST CORNHUSKER HWY
GRAND
ISLAND, NE 68803
Domestic
Corp Jun 28 1996
Active
Managers/Key
Personnel
Mr. Jack
Henry Chairman &
Chief Executive Officer
Mr. Doug
Fargo Chief Financial Officer
Mr. Mike
Remm. Controller
AFFILIATED ENTITIES
The
Company has no affiliates or subsidiaries.
BANKS
NE
Telephone:
Facsimile:
Account
Number:
Account
Manager:
We sent
a fax requesting banking information. If we receive a response, an update will
be provided.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 06-12 06-11 0000000 800 300
100 0 0 0
0 CUST 2 YR
FREIGHT
06-09 06-08 VARIED 1500 1500
100 0 0 0
0
INDUS SUPL 06-11 06-10 NET 30 900
0 0 0
0 0 0 CUST 5 YR
IRON& STEEL 06-12 00-00 NET 30 107300
55700 82 18
0 0 0
LUMBR& WOOD 06-12 00-00 VARIED 0
0 0 0
0 0 0
MACHINERY
06-09 00-00 0000000 29700
0 0 0
0 0 0
MANUFCTRNG 06-10 06-08 NET 30 800
0 0 0
0 0 0 CUST 37 YR
METAL DIST 06-11 04-10 VARIED 0
0 0 0
0 0 0 CUST 21 YR
OFFC SUPPL 06-12 05-05 CREDIT 15000
0 0 0
0 0 0
PACKAGING
06-11 00-00 NET 30 5400 2500
0 100 0 0
0 CUST 16 YR
PAPER DIST 06-12 06-11 NET 30 600
400 100 0 0
0 0 CUST 3 YR
TRUCK DLR
06-09 00-00 CONTRCT 100
0 0 0
0 0 0
WAREHOUSE
06-12 06-11 VARIED 2000 600
100 0 0
0 0 CUST 8 YR
AIR TRANS
04-12 04-12 100 0
0 0 0 0 0
AIR TRANS
05-12 00-00 NET 30 100 0
0 0 0 0 0
CUST 5 YR
BUS SERVCS 05-08 00-00 VARIED 200
200 100 0 0
0 0
COMMUN SVC 05-02 00-00 NET 30 300
0 0 0
0 0 0
COMPUTERS
04-02 00-00 NET 30 0 0 0 0 0
0 0
ELEC SUPLR 04-06 00-11 2/10N30 0 0 0 0 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 27700
27700 58 42
0 0 0
FINCL SVCS 06-05 06-05 CONTRCT 23200 22200
100 0 0 0
0 ACCTCLOSED
FINCL SVCS 06-04 00-00 VARIED 200
0 0 0
0 0 0 CUST 3 YR
FREIGHT
05-01 04-08 VARIED 200 100
100 0 0 0
0
MED SUPPLY 06-04 00-00 VARIED 0
0 0 0
0 0 0
PAINTS
04-12 00-00 VARIED 6800 4400
100 0 0 0
0
PAINTS
05-08 05-08 NET30 500 400
100 0 0 0
0
SAFTY PROD 06-03 00-00 NET 30 600
600 100 0 0
0 0
CURRENT QUARTER 164100
61000 79 21
0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 6 1 45900 94 6
0 0 0
20061100
0 6 2 78500 95 1
4 0 0
20061000
0 6 12 32200 20 80
0 0 0
20060900
0 5 2 114300 89 11 0
0 0
20060800
0 6 0 69100 100
0 0
0 0
20060700
0 6 0 39200 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 2 61800 89 9 2
0 0
Third
2006 3
71900 83 17
0 0 0
Second
2006 0 40900 99 1 0
0 0
First
2006 5 40000 70 30 0
0 0
Fourth
2005 3 54300 81 19 0 0 0
FINANCIAL INFORMATION
We sent
a fax requesting financial information.
If we receive a response, an update will be provided.
CURRENT OPERATIONS
NAICS
Code: 333111 Farm Machinery and Equipment Manufacturing
SIC
Code: 3523
Number of
Employees: 130
Business Activity:
The
Subject manufactures grain storage and handling equipment, metal buildings and
water treatment systems.
The
provided address is the headquarters of the Subject. The Company also has 6
divisions located in Nebraska and Kansa:
MFS/York/Stormor
of Grand Island, NE.
Global
Treatment Systems of Grand Island, NE.
Brownie
Systems all of Grand Island, NE.
NECO of
Omaha, NE,
Hutchinson/Mayrath/TerraTrack
of Clay Center, KS
Sentinel
Building Systems of Albion, NE.
PUBLIC RECORD
No
liens, judgments or bankruptcy filings were found.
GENERAL COMMENTS
The
Subject is a well established manufactures grain storage and handling
equipment, metal buildings and water treatment systems. The payment history
shows the Company has been efficient with its payments. Legal indicate no
negative litigation taken against the Subject. Thus, they are considered to be
capable of handling 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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