MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROBBINS
MANUFACTURING COMPANY, INC. |
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Registered Office : |
1200
Airport Road, Fall River, Massachusetts 02722 |
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Country : |
United
States |
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Date of Incorporation : |
23/07/1970 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Manufacturer
of coal forming fasteners (bolts) used in the Marine and Oil 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 : ROBBINS MANUFACTURING COMPANY, INC.
Address : 1200 AIRPORT ROAD
City : FALL RIVER
State/Province : MASSACHUSETTS
Zip Code : 02722
Country : UNITED STATES
Telephone : 508 675-2555
Facsimile : 508 677-0494
Legal
Form : Corporation -
Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 35
Website : N/A
Business
Activity : The Company is a
manufacturer of coal forming fasteners (bolts) used in the
Marine and Oil industries.
NOTE TO CLIENT
NOTE::
LEGAL NAME: ROBBINS MANUFACTURING
COMPANY, INC.
ORDERED
NAME: ROBBINS MANUFACTURING COMPANY INC.
Person
Contacted: Mr. Tom Daignault, VP
Finance. Mr. Daignault verified and
updated the information presented to him.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 23/07/1970
State/Province
of Incorporation : MA
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company incorporated in Massachusetts under the following registration:
Legal
Name: ROBBINS MANUFACTURING COMPANY,
INC.
Merged
with : ROBBINS MANUFACTURING COMPANY
on 9/1/1999
Entity
Type: Domestic Profit Corporation
Identification
Number: 042468329
Date of
Organization in Massachusetts: Jul 23
1970
The
location of its principal office in Massachusetts:
1200
AIRPORT RD.
FALL
RIVER MA 02720
Name and
address of the Registered Agent:
ANDREW
SHABSHELOWITS
108
BLOSSOM
WESTPORT MA
02790
Managers/Key
Personnel
Mr.
Barry Robbins
President
Mr. Tom
Daignault Vice
President - Finance
The
Company has no subsidiaries or affiliates.
BANKS
Wells
Fargo
300
Commercial Street
Boston
MA 02109
Telephone:
617-263-6335
Facsimile:
617-248-8922
Account
Number:
Account
Manager: Ms. P.J. Parsha Trayers
A
message was left for Ms. Trayers to obtain credit information for the
Company. If we receive a response, we
will amend the report accordingly.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR CMPSRS 06-11 00-00 NET 30 0
0 0 0
0 0 0
BUS SERVCS 06-12 00-00 NET 30 100
100 100 0 0
0 0
FREIGHT
06-09 06-06 VARIED 7100 0
0 0 0 0 0
FREIGHT
06-09 05-08 VARIED 700 400
100 0 0 0 0
METAL DIST 06-11 98-08 VARIED 0
0 0 0
0 0 0 CUST 19 YR
OFFC SUPPL 06-12 06-11 CREDIT 5500
2400 100 0 0
0 0 ACCTCLOSED
PACKAGING
06-11 00-00 NET 30 100 0
0 0 0 0 0
CUST 5 YR
PAPER PROD 06-12 00-00 NET 30 24800
0 0 0
0 0 0
PLBG SUPLR 06-11 00-00 NET25TH 100 0
0 0 0 0 0
TRUCK DLR
06-12 00-00 CONTRCT 600
0 0 0
0 0 0
AIR TRANS
05-09 05-09 100 0
0 0 0 0 0
CHEMICALS
06-07 06-06 SPECIAL 12200
7800 32 68
0 0 0
ELEC MFG
04-03 03-12 NET 30 500 200
54 0 46 0 0
INDUS SUPL 06-06 06-03 NET 30 700
600 62 0
38 0 0 CUST 2 YR
LEASING
06-06 00-00 CONTRCT 2600
0 0 0
0 0 0
MANUFCTRNG 04-02 00-00 NET 30 100
0 0 0
0 0 0
CURRENT QUARTER 39000
2900 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 10 0 3300 100
0 0
0 0
20061100
0 11 0 2900 100
0 0
0 0
20061000
0 11 0 2900 100
0 0
0 0
20060900
0 10 13 28900 14 86
0 0 0
20060800
0 8 3 36500 80 20
0 0 0
20060700
0 12 0 3500 98 2
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- --------
--- --- --- --- ---
Fourth
2006 0 3000 100 0 0 0
0
Third
2006 7 22700 53 47 0
0 0
Second
2006 0 3500 99 1 0
0 0
First
2006 1 3600 92 8 0 0
0
Fourth
2005 8 6900 48 52 0
0 0
FINANCIAL INFORMATION
Mr.
Daignault declined to provide any financial statement information for this
report, citing company policy.
CURRENT OPERATIONS
NAICS
Code: 33251 Hardware Manufacturing
SIC
Code: 3429
Number
of Employees: 35
Business Activity:
The
Company is a manufacturer of coal forming fasteners (bolts) used in the Marine
and Oil industries.
The Subject's
products are specialized to the needs of its customers.
The
Company imports worldwide.
The
heading address is the sole location for the Subject. The facility consists of office and manufacturing space.
PUBLIC RECORD
A search
of public revealed the following information, and no bankruptcy petitions.
Name
Searched: ROBBINS MANUFACTURING COMPANY INC.
Debtors:
ROBBINS MANUFACTURING COMPANY, INC.
1200
AIRPORT RD.
FALL
RIVER, MA 02720
State:
MASSACHUSETTS
Corp-Number:
NONE
Corp-Type:
CORP.
History:
DATE FILING# DOCUMENT SUMMARY
7/19/2002
200213416320 TYPE: UCC-1 ORIGINAL
DEBT:
ROBBINS MANUFACTURING COMPANY, INC.
SECD:
WELLS FARGO BUSINESS CREDIT, INC.
Original
Filing Number: 200213416320
Secured
Party: WELLS FARGO BUSINESS CREDIT, INC.
300
COMMERCIAL ST.
BOSTON,
MA 02109
Status:
ACTIVE
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Name
Searched: ROBBINS MANUFACTURING COMPANY INC.
Debtors:
ROBBINS MANUFACTURING COMPANY, INC.
1200
AIRPORT RD.
FALL
RIVER, MA
History:
DATE FILING# DOCUMENT SUMMARY
10/10/2002
200215484020 TYPE: TERMINATION
DEBT:
ROBBINS MANUFACTURING COMPANY, INC.
SECD:
CITIZENS BANK OF RHODE ISLAND
2/14/2001
01779416 TYPE: UCC-1 ORIGINAL
DEBT:
ROBBINS MANUFACTURING COMPANY, INC.
SECD:
CITIZENS BANK OF RHODE ISLAND
GENERAL COMMENTS
The
Subject, incorporated in Massachusetts in 1970, is engaged as a manufacturer of
coal-forming fasteners. The payment
record is generally satisfactory and the operating history is clear. No derogatory information or bankruptcy
petitions were reported or noted. The
Company is 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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