MIRA
INFORM REPORT
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Report Date : |
24th
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
KIMBALL ELECTRONICS GROUP, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1961 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Contract manufacturer of durable goods electronics. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : KIMBALL ELECTRONICS GROUP, INC.
Address :
City : JASPER
State/Province :
Zip Code : 47549
Country : UNITED STATES
Telephone : 812 634-4565
Facsimile : 812 634-4330
Legal Form : Corporation - Private
Website : www.kimballelectronicsgro
@rating Opinion:
Business Activity : Kimball Electronics Group, Inc. is a contract manufacturer of durable goods
electronics.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Contacted Ms. Angela Monday who referred Mr.Sergesketter, Chief Financial Officer. He has not responded. Therefore, the information in the report has been obtained from outside sources and not confirmed with management.
An exact employee number could not be
obtained for Kimball Electronics Group, Inc. Kimball International, Inc.
reports 4,730 employees located throughout the
LEGAL
Legal Form : Corporation - Private
State/Province of Incorporation : IN
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
Entity Legal Name : KIMBALL ELECTRONICS GROUP, INC.
Entity Address :
General Entity Information :
Control Number : 1998070805
Status : Active
Entity Type : For-Profit Domestic Corporation
Entity Creation Date : 7/14/1998
Entity Date to Expire :
Entity Inactive Date :
This entity is current with Business Entity Report(s).
Other Names for this Entity:
Date Name (Type) 7/15/2002 KIMBALL ELECTRONICS DESIGN SERVICES, INC. (Former)
Managers/Key Personnel
Mr. Don Charron President
AFFILIATED ENTITIES
Affiliated
companies include:
Kimball International Marketing, Inc.
flexcel, Inc.
Kimball Electronics Manufacturing,
Inc.
Kimball Electronics, Inc.
Kimball International Transit, Inc.
Kimball Electronics -
Kimball Electronics (
Kimball Electronics Poland Sp. z o.o.
Kimball Hospitality, Inc.
Kimball Electronics (
Kimball Electronics (
Kimball Electronics (
Parent Companies
Parent Company: KIMBALL INTERNATIONAL, INC.
IN UNITED STATES
The following summarized financial details for Kimball International, Inc.
Year
Ended June 30
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2006 2005 2004
(Amounts in Thousands, Except for Per Share Data)
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Net Sales $1,142,581 $1,053,147 $1,053,493
Income from
Continuing Operations $ 22,179 $ 21,101 $ 28,3
==
Summarized Balance Sheet Details; expressed in US$000:
Total Current Assets: 468,080
Total Assets: 679,021
Total Current Liabilities: 236,699
Total Liabilities: 256,439
Shareholders Equity: 422,582
==
Kimball International, Inc. is a public company with stock trading on NASDAQ under the symbol KBALB (Class B stock). A recent closing price was US$25.03 and the 52 weeks range has been US$25.95-12.80. There are approximately 26,099,00 shares of common stock outstanding.
BANKS
*
IN
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained from management.
A search of outside sources failed to provide any bank information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 06-10 00-00 NET 30 0
0 0 0 0 0
0 CUST 3 YR
CHEMICALS
07-01 00-00 NET 30 300 0
0 0 0
0 0
COMMUNICTN 07-01 06-02 NET 20 0
0 0 0
0 0 0
CUST 11 YR
DP EQUIP
06-12 05-06 NET 30 0 0
0 0 0
0 0
ELEC DISTR 06-09 00-00 NET 30 0
0 0 0
0 0 0
PROMPT
ELEC EQUIP 06-12 05-08 NET 30 1100
0 0 0
0 0 0
CUST 17 YR
ELEC EQUIP 06-12 06-07 N10PROX 28200 0
0 0 0
0 0 CUST 16 YR
ELEC MFG
06-12 06-12 NET 30 25176900
805500 100 0 0
0 0
ELECTRONIC 06-10 00-00 NET 30 186100
133600 51 49
0 0 0
FACTOR
06-11 06-11 NET 30 76700 0
0 0 0
0 0
FACTOR
06-12 06-12 NET 30 7900 0 0
0 0 0 0
FACTOR
06-09 00-00 NET 30 1600 0
0 0 0
0 0
FINCL SVCS 07-01 02-06 NET 30 4900
0 0 0
0 0 0
FINCL SVCS 06-12 00-00 NET 500
500 100 0 0
0 0 CUST
2 YR
FREIGHT
06-09 05-10 VARIED 5800 5800
0 21 0
0 79
GENERAL
06-12 00-00 1/15N30 82400
8500 95 5
0 0 0
CUST 16 YR
HARDWARE
07-01 00-00 VARIED 0 0
0 0 0
0 0
HEATNG& A/C 06-09 00-00 NET 30 8200
8200 100 0 0
0 0
HEARING
06-11 06-10 0000000 26600
26600 100 0 0
0 0 CUST
6 YR
MACH DISTR 06-12 00-00 VARIED 13500
0 0 0
0 0 0
MACH DISTR 06-12 00-00 VARIED 600
0 0 0 0 0 0
PACKAGING
06-11 00-00 NET 30 3200 900
0 100 0 0
0 CUST 16 YR
PAPER PROD 06-12 00-00 NET 30 0
0 0 0
0 0 0
PAPER DIST 07-01 06-05 NET 15 400
0 0
0 0 0
0 CUST 16 YR
PERSNLSVCS 06-12 04-07 ROI 0
0 0 0
0 0 0
TEXTILES
07-01 06-12 NET 30 5400 0
0 0 0
0 0 CUST 18 YR
TRUCK DLR
07-01 00-00 CONTRCT 2900
2900 24 19
31 19 7
WAREHOUSE
07-01 06-12 VARIED 1400 200
100 0 0 0
0 PROMPT
AIR TRANS
05-08 05-08 106100 0
0 0 0
0 0
AIR TRANS
05-12 00-00 NET 30 100 0
0 0 0
0 0 CUST
7 YR
BLDG MATRL 04-09 04-04 VARIED 0 0
0 0 0
0 0
BUS SERVCS 06-02 06-02 NET 30 0
0 0 0
0 0 0
CHEMICALS
06-01 05-12 NET 30 800 400
100 0 0 0 0
COMMUN SVC 05-01 00-00 NET 20 0
0 0 0
0 0 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
04-02 00-00 NET 30 500 500
0 0 28
44 28
COMPUTERS
06-06 06-05 0000000 98600
57000 0 68
13 7 12
CONTAINERS 04-07 04-06 VARIED 400
300 100 0 0 0
0 CUST 1 YR
CURRENT QUARTER 25628900 984600 93
7 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20061200
0 13 1 1146800 94
6 0 0 0
20061100
0 13 9 191600 59
36 3 0 2
20061000
0 9 6 251400 79
17 2 0 2
20060900
0 8 5 214900 69
31 0 0 0
20060800
0 11 7 205800 66
32 0 0 2
20060700
0 7 0 38368100 100 0 0
0 0
Payment History - Quarterly
Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 2 771100 90
9 0 0 1
Third
2006 5 224000 72
26 1 0 1
Second
2006 0 38446200 100 0 0
0 0
First
2006 0 26780500 100 0 0
0 0
Fourth
2005 0 21927200 100 0 0
0 0
FINANCIAL INFORMATION
Financials could not be obtained from Management. It is understood that all financial statements are consolidated into those of the parent company which are summarized above.
HISTORY
The Company was established in 1961 to build electronic organs for its parent company, Kimball International Inc.
In the 1980's The Company focused solely on contract electronic manufacturing services.
CURRENT OPERATIONS
NAICS Code: 339 Miscellaneous Manufacturing
Business Activity
Kimball Electronics Group, Inc. is a contract manufacturer of durable goods electronics.
The Company is engaged in the contract electronic manufacturing services industry on a global scale. The Subject is a technology company which provides design, engineering, manufacturing, test, packaging, and distribution of electronic assemblies and circuit boards on a contract basis. The Company provides Electronic Data Interchange services with transactions that include purchase orders, purchase order changes, planning and delivery schedules, advance ship notices, and other documents.
There does not appear to be any branches in
the
PUBLIC RECORD
A nationwide search of public showed no Uniform Commercial Codes, legal actions or bankruptcy petitions filed under the name; Kimball Electonics Group, Inc. A search was also performed on Kimball International, Inc.; the parent company which revealed several Uniform Commercial Codes and a small judgement filed under " International" . It is believed that Kimball International, Inc. provides all financing for its subsidiaries.
GENERAL COMMENTS
The Company is a well established Firm, engaged as an electronic manufacturing services provider of durable electronics. The payment record is generally satisfactory. No public records were found under the Subject's name.
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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