MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SCOTT SPECIALTY
GASES, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20/06/1960 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Develops pure
gases and mixed specialty gases for all types of process control and instrument
calibration applications. |
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 : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SCOTT
SPECIALTY GASES, INC.
Address:
City: PLUMSTEADVILLE
State/Province:
Zip Code: 18949
Country: UNITED
STATES
Telephone: 215-766-8860
Facsimile: 215-766-0320
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
250
Legal Form: Corporation
- Private
Website: www.scottgas.com
Business Activity: The Subject develops pure gases and mixed
specialty gases for all types of process
control and
instrument calibration applications.
NOTE TO CLIENT
We contacted the
company and spoke to the receptionist for the Company (no name or title
provided) who adamantly declined to provide any information about the company;
she deferred all contact regarding information about the Company to mail only.
The Company would not accept a request via facsimile. Therefore information in
this report could not be confirmed by management.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 20/06/1960
State/Province of
Incorporation: PA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Entity Type:
PENNSYLVANIA BUSINESS CORPORATION
Entity Name: SCOTT
SPECIALTY GASES, INC.
Entity No: 321338
Filing Date:
06/20/1960
Letter of Consent:
No
Address:
PLUMSTEADVILLE,
County: Bucks
Purpose: RESEARCH, DEVELOPMENT, TESTING, CONSULTING
Limited Authority No
Corporate Officers
Updated Date:
06/20/1960
Managers/Key
Personnel
Mr. J. Frederick
Merz Jr. President & CEO
Mr. S.R. Michener Secretary
Mr. L.E. Scott Vice President
Ms. Lois Haynes Controller
Mr. Robert
Squires Executive Vice President
AFFILIATED ENTITIES
The Subject is
affiliated with the following companies:
SCOTT MEDICAL
PRODUCTS
SCOTT ELECTRONIC
MATERIALS GROUP
SCOTT EQUIPMENT
GROUP
As far as could be
determined there are no known subsidiaries.
BANKS
Wachovia Bank
Telephone: (570)
779-9517
Facsimile: (570)
779-1951
Account Number:
2000082125736
Account Manager:
We have contacted
the above-mentioned bank which has not responded yet. In the event a response
is received, the information will be forwarded immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-04 00-00 NET 30 100 100
100 0 0 0
0 CUST 4 YR
AIR TRANS
07-05 07-05 0000000 39400
2800 43 57
0 0 0
CUST 15 YR
BUS SERVCS 07-07 00-00 NET 7 8500
2100 96 0
0 0 4
CHEMICALS
07-05 00-00 CREDIT 6000 3600
88 12 0
0 0
DISTRIBUTR 07-06 07-06 NET30 21700
1700 46 54
0 0 0
CUST 84 YR
DP EQUIP
07-06 04-07 NET 30 0 0
0 0 0
0 0
DP SERVCS
07-06 06-10 0000000 0
0 0 0
0 0 0
CUST 9 YR
DP SERVCS
07-07 07-06 NET 30 8800 3800
100 0 0 0 0
EQUIPMENT
07-07 00-00 VARIED 0 0
0 0 0
0 0 CUST
4 YR
FINCL SVCS 07-05 00-00 COD 200
100 1 23
23 23 30
FINCL SVCS 07-06 07-06 CONTRCT 14000 7600
100 0 0 0
0 CUST 1 YR
FINCL SVCS 07-07 00-00 VARIED 19600
2600 100 0 0
0 0 CUST
3 YR
FINCL SVCS 07-07 06-04 VARIED 0
0 0 0
0 0 0
FREIGHT
07-04 07-03 VARIED 12900 1300
100 0 0 0 0
GENL MERCH 07-06 00-00 CREDIT 2000
0 0 0 0 0 0
MACH DISTR 07-05 00-00 VARIED 0
0 0 0
0 0 0
PACKAGING
07-07 00-00 NET 30 100 100
100 0 0 0
0 CUST 6 YR
PETROLEUM
07-03 06-03 VARIED 1800 0
0 0 0
0 0 CUST
10 YR
PREC INSTR 07-06 07-06 NET 30 32600
17500 0 82
18 0 0
SAFTY PROD 07-05 00-00 NET 30 700
0 0 0
0 0 0
CUST 17 YR
TELECOM
07-06 00-00 NET 30 24200 20900
49 51 0
0 0
TRUCK DLR
07-07 00-00 CONTRCT 42200
32000 51 49
0 0 0
UTILITY
07-05 00-00 NET 15 9800 7600
0 100 0 0 0
WELDING
07-07 00-00 NET 30 200 0
0 0 0
0 0
ADV NOVLTY 07-02 98-08 NET 30 600
0 0 0
0 0 0
CUST 9 YR
AUTO LEASE 04-11 00-00 VARIED 20000
0 0 0
0 0 0
CUST 4 YR
COMPUTERS
05-05 05-03 VARIED 2700 1900
100 0 0 0
0 CUST 37 YR
COMPUTERS
06-06 06-03 0000000 1900
0 0 0
0 0 0
ELEC DISTR 06-03 00-00 NET 30 300
300 100 0 0 0 0
ELEC MFG
06-04 00-00 NET 30 9700 600
0 100 0 0 0
ELEC SUPLR 04-08 02-03 2/10N30 0 0
0 0 0
0 0
FRGHT FWRD 05-07 00-00 NET 30 400
400 0 0
0 0 100
GENERAL
05-02 04-10 NET 30 400 400
38 37 0
25 0 CUST
2 YR
HOUSEWARES 06-01 00-00 VARIED 239300
75700 0 0
0 100 0
IRON& STEEL 05-10 00-00 NET 30 14200
300 0
0 100 0 0
LEASING
07-07 00-00 NET 30 400 200
100 0 0 0
0 CUST 2 YR
LEASING
04-11 04-10 NOTE 300 300
100 0 0 0 0
NEWSPAPERS 06-05 03-09 NET 30 0
0 0 0
0 0 0
OFFC SUPPL 06-10 06-08 NET 1000
0 0 0 0 0
0 CUST 2 YR
OFFC SUPPL 05-11 99-06 CREDIT 0
0 0 0
0 0 0
CUST 10 YR
OFFC SUPPL 07-01 01-03 CREDIT 0
0 0 0
0 0 0
ACCTCLOSED
OFFC SUPPL 07-01 01-06 CREDIT 4500
100 100 0 0 0 0
PETROLEUM
04-10 00-00 VARIED 1600 1200
100 0 0 0
0 PROMPT
RENTALS
06-10 00-00 NET 10 3400 2000
0 34 34
32 0
TELECOM
04-09 04-04 NET 30 0 0
0 0 0
0 0 CUST 12 YR
TRANSPORTN 04-11 00-00 VARIED 600
0 0 0
0 0 0
CURRENT QUARTER 254900 107100
49 48 3
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 4 8 107800 56
41 3 0 0
20070600
0 4 7 109300 61
36 3 0 0
20070500
0 4 5 119200 70
29 1 0 0
20070400
0 5 4 106900 74
26 0 0 0
20070300
0 5 8 103900 62
29 9 0 0
20070200
0 5 6 98800 73 22 4
1 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 6 105200 62
37 1 0 0
First
2007 6 98700 68
27 5 0 0
Fourth
2006 6 91700 63
36 1 0 0
Third
2006 9 76800 58
36 3 2 1
Second
2006 9 112500 59
35 4 1 1
FINANCIAL INFORMATION
The Subject would
not disclose any financial information. Other outside sources consulted could
not provide any further insight into the financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 325
Chemical Manufacturing
Number of
Employees: 250
Business Activity:
The Subject develops
pure gases and mixed specialty gases for all types of process control and instrument
calibration applications. The heading
address is the location for the Company's corporate headquarters.
The Subject has
several branch locations:
European
Headquarters & Production Facility
Takkebijsters 48
4817 BL Breda the
Tel: +31-765 711828
Fax: +31-765 713267
373 Southwest Cutoff
Tel: (508) 792-0437
Fax: (508) 792-1028
Tel: (630) 860-1824
Fax: (630) 860-0745
Tel: (800) 774-9447
Fax: (248) 589-2134
Tel: (800) 659-6444
Fax: (281) 474-5857
Tel: (909) 887-2571
Fax: (909) 887-0549
Tel: (888) 570-9141
Fax: (908) 754-7303
Rocky Mountain Area
Tel: (303) 442-4700
Fax: (303) 772-7673
Tel: (800) 774-9447
Tel: (908)754-7700
Tel: (888) 253-1635
Unit
Parkhouse East
Newcastle-under-Lyme
Staffordshire ST5 7RG
Tel: +44-1782 561500
Fax: +44-1782 561550
TRADE REFERENCES
The following
companies have been listed as trade references:
ALLENTOWN VALVE
& VITING CO.
Fax: 610-799-3777
CEDEUX INC.
Fax: 724-696-4364
EI DUPONT DE NEMOURS
& CO.
Fax: 302-774-7389
The above-mentioned
trade references have all been contacted. In the event a response is received,
the information will be forwarded immediately.
PUBLIC RECORD
The following UCC
filing has been made the Subject:
Name Searched: SCOTT
SPECIALTY GASES INC.
Debtor Address:
SCOTT SPECIALTY GASES INC
Secured Parties:
LINC CAPITAL CORP
Filing Date:
4/12/2001
Filing Number: 33811465
Filing Type: INITIAL
FILING
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Public show the
following statements of claim against the Company:
Name Searched: SCOTT
SPECIALTY GASES INC.
Defendant: Scott
Specialty Gases, Inc
Demand: $ 150,000
Filing Date:
6/20/2007
Filing Type: Civil
Plaintiff Counsel:
Gold, Sidney L [COR LD NTC]
Sidney L Gold
& Associates, PC
Eleven Penn Ctr
215-569-1999 Fax:
215-569-3870 Email: Sgold@discrimlaw.net
Plaintiff: Fisher,
Lisa
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Name Searched: SCOTT
SPECIALTY GASES INC.
Case Type:
COMPLAINT-CIVIL ACTION
Date: 2/16/2005
Defendant: SCOTT
SPECIALTY GASES INC
Filing Type: CIVIL
SUIT
Number: 050201503
Plaintiff Counsel:
GERALD E ARTH
TENTH FLOOR
PHONE: (000)299-2720
Plaintiff: M DIANE
KOKEN
Status: OPEN
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Also, one tax lien
has been found against the Company:
Name Searched: SCOTT
SPECIALTY GASES INC.
Amount: $ 5,185.82
Case Type:
CMWLTH/PA-REVENUE LIEN-MISC
Creditor: PA DEPT OF
REVENUE
Date: 8/14/2001
Debtor Address:
SCOTT SPECIALTY GASES INC
RTE 611
SSN/EIN: 231-57-4677
Debtors: SCOTT SPECIALTY
GASES INC
Filing Type: STATE
TAX LIEN
Number: 01-71812
Status: OPEN
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The current status
of the civil judgements and tax lien could not be determined at this time.
A search of
bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject develops
pure gases and mixed specialty gases for all types of process control and
instrument calibration applications since 1960. Public Records shows two
statements of claim and one tax lien against the Company, however the current
status of those cases could not be determined at this time.
The Subject has a
significant and satisfactory payment record.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)