MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SCHUSTER ELECTRONICS INC. |
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Registered Office : |
11320 Grooms Road, Cincinnati, Ohio 45242, United States |
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Country : |
United States |
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Date of Incorporation : |
04.01.1971 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of electronic component. |
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 : SCHUSTER ELECTRONICS INC.
Address : 11320 Grooms Road
City : Cincinnati
State/Province : OHIO
Zip Code : 45242
Country : UNITED STATES
Telephone : 513 489-1400
Facsimile : 513 489-8686
Legal Form : Corporation - Private
Website : www.schusterusa.com
@rating Opinion :
Business Activity : Schuster Electronics Inc., is a wholesaler of electronic component. The Company
proudly represents over 75 manufacturers of high quality electronic components.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 50
NOTE TO CLIENT
Contact Person : Mr. John Tellep
Position : Financial Controller
It was stated that Mr. John Tellep is the only person authorized to provide any information on the Firm. He was out of the office and it is uncertain when he will be returning. A written request has been sent; if he reponds the report will be amended. Information in this report was retrieved from the Company's website and from outside sources and could not be confirmed with management.
Special Note: The above address was changed to the correct physical location for the Subject.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 04/01/1971
State/Province of Incorporation : OH
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in OHIO under the following registration:
Name : SCHUSTER ELECTRONICS, INC.
Identification Number : 405495
Filing Date : 01/04/1971
State of Incorporation : OHIO
Date Incorporated : 01/04/1971
Status : ACTIVE
Corporation Type : PROFIT
Business Type : CORPORATION
Where Filed : SECRETARY OF STATE/CORPORATIONS DIVISION
30 E BROAD ST, COLUMBUS, OH 43215
REGISTERED AGENT INFORMATION
Name : THEODORE W LUDEKE
Address : 810 MATSON PL., CINCINNATI, OH
Appointed Date : 01/04/1971
Status : ACTIVE
Former Name : SCHUSTER ELECTRIC CO., INC.
AMENDMENT INFORMATION
Amendments: 02/09/1994 MISCELLANEOUS DOMESTIC CONTINUED EXISTENCE
09/09/1993 MISCELLANEOUS DOMESTIC CONTINUED EXISTENCE LETTER
06/19/1984 MISCELLANEOUS DOMESTIC/AMENDMENT TO ARTICLES; CHANGE OF
NAME
01/04/1971 MISCELLANEOUS DOMESTIC ARTICLES/FOR PROFIT
STOCK INFORMATION
Common Stock:
Dollar Value:
Authorized Shares: 1,000
Par Value: $0
Convertible: NO
Managers/Key Personnel
Mr. Ted Ludeke President
Mr. Mike Fine Vice President - Marketing
Mrs. Donna Rooney/Sale Director
Mrs. Sheryl Courtney/Coordinator Manager
Mr. John Tellep Controller
AFFILIATED ENTITIES
Schuster Electronics Inc., has an affiliated company:
CMD Electronics in Pittsburgh, PA
BANKS
Bank One
OH
Telephone:
Facsimile:
Account Number:
Account Manager:
The above bank requires an account number which could not be obtained.
Thus, we cannot furnish account reference information.
Key Bank National Association
6575 Seville Drive 2nd Floor
Canfiled OH 44406
Telephone : 330 702-2081
Facsimile : 330 702-2037
Account Number:
Account Manager:
The above bank policy prohibits commercial bank references.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
GENERAL
07-01 00-00 1/15N30 23800
300 100 0 0
0 0 CUST 25 YR
OFFC SUPPL 07-02 07-01 NET 300
0 0 0
0 0 0 CUST 1 YR
OFFC SUPPL 07-01 99-05 CREDIT 3000
0 0 0
0 0 0
OFFC SUPPL 07-01 99-02 CREDIT 1400
0 0 0
0 0 0
PACKAGING
07-01 00-00 NET 30 0 0 0 0 0
0 0 CUST 2 YR
TRUCK DLR
07-02 00-00 CONTRCT 0
0 0 0
0 0 0
WAREHOUSE
07-02 07-01 VARIED 300 100 100 0 0
0 0 CUST 11 YR
AIR TRANS
06-06 06-06 0000000 2200
600 100 0 0
0 0 CUST 30 YR
COMMUN SVC 06-01 00-00 NET 30 2000
100 0 100 0
0 0 CUST 4 YR
COMPUTERS
05-08 00-00 SPECIAL 0
0 0 0
0 0 0 CUST 12 YR
CRED CARD
07-02 07-01 REVOLVE 200
0 0 0
0 0 0 CUST 23 YR
DP EQUIP
04-04 01-03 NET 30 0 0 0 0 0
0 0
ELEC DISTR 05-04 00-00 1/15N30 23800 1000
71 29 0 0 0
CUST 84 YR
ELEC EQUIP 04-05 97-03 N10PROX 1500 0
0 0 0 0 0
ELEC MFG
04-03 03-06 NET 30 100 0
0 0 0 0 0
ELEC SUPLR 05-04 00-00 VARIED 0
0 0 0
0 0 0
FINCL SVCS 04-12 04-11 CONTRCT 0 0
0 0 0 0
0 SATSFTRY
GENERAL
05-02 03-12 NET 30 0 0 0 0 0
0 0 CUST 17 YR
INDUS SUPL 05-05 00-00 NET 30 0
0 0 0
0 0 0 CUST 7 YR
MISC MANUF 06-08 00-00 VARIED 3100
700 100 0 0 0 0
NEWSPAPERS 05-02 00-00 NET 20 0
0 0 0
0 0 0
OFFC SUPPL 05-01 98-03 CREDIT 0
0 0 0
0 0 0 CUST 8 YR
OFFC SUPPL 04-09 00-00 NET 30 200
200 100 0 0
0 0
CURRENT QUARTER 28800
400 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 0 0 400 100
0 0
0 0
20070100
0 0 0 1600 100
0 0
0 0
20061200
0 0 10 1300 31 69
0 0 0
20061100
0 0 8 1600 44
56 0 0 0
20061000
0 0 0 700 100
0 0
0 0
20060900
0 0 0 900 100
0 0
0 0
Payment History -
Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 6 1500 60 40 0
0 0
Third
2006 5 800 70 30
0 0 0
Second
2006 7 1300 56 44 0
0 0
First
2006 4 2000 75 25 0
0 0
Fourth
2005 14 800 9 91 0
0 0
FINANCIAL INFORMATION
If Mr. John Tellep responds to the written request the financial details will be updated. In addition, outside sources indicate projected sales of $14 million dollars for 2006.
CURRENT OPERATIONS
NAICS Code: 4216 Electrical Goods Wholesalers
Number of Employees: 50
Business Activity
Schuster Electronics Inc., is a wholesaler of electronic component.
The Company proudly represents over 75 manufacturers of high quality electronic components
Schuster Electronics Inc., has sales presence in Indiana, and a staffed sales branch in Detroit, Michigan. The Company sells directly to over 3000 original equipment manufactures (OEM) and through over 1000 other distributors in the US.
The above address is the headquarters for the firm. There are branches located at the following address:
2057-D East Aurora Rd.
Twinsburg, OH 44087-2599
Phone : 330-425-8134
Fax : 330-425-1863
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Columbus, OH
Phone : 800-521-1358
Fax : 330-425-1863
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MICHIGAN
14070 Ludlow St
Oak Park, MI 48237-1353
Phone : 248-542-1229
Fax : 248-542-1361
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KENTUCKY
Lexington, KY
Phone : 800-877-6875
Fax : 513-489-8686
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INDIANA
Indianapolis, IN
Phone : 800-877-6875
Fax : 513-489-8686
sales@schusterusa.com
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PENNSYLVANIA
140 Sandune Dr, Ste A
Pittsburgh, PA 15239-2754
Phone : 724-387-2989
Fax : 724-387-1417
sales@schusterusa.com
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MISSOURI
St. Louis, MO
Phone : 800-521-1358
Fax : 330-425-1863
sales@schusterusa.com
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KANSAS
Kansas City, MO
Phone : 800-521-1358
Fax : 330-425-1863
sales@schusterusa.com
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ILLINOIS
Chicago, IL
Phone : 800-521-1358
Fax : 330-425-1863
sales@schusterusa.com
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TELESALES
ALL OTHER USA & CANADA 330-425-8134
Phone : 800-521-1358
Fax : 330-425-1863
sales@schusterusa.com
PUBLIC RECORD
DEBTOR INFORMATION
Debtor(s): SCHUSTER ELECTRONICS INC
11320 GROOMS ROAD
CINCINNATI, OH 45242
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK ONE
120 SOUTH LASALLE STREET B2
CHICAGO, IL 60603
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DEBTOR INFORMATION
Debtor(s): SCHUSTER ELECTRONICS INC
11320 GROOMS RD
CINCINNATI, OH 45242
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK ONE N A BANK ONE TOWER
8044 MONTGOMERY ROAD
CICINNATI, OH 45236
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DEBTOR INFORMATION
Debtor(s): SCHUSTER ELECTRONICS, INC.
11320 GROOMS ROAD
CINCINNATI, OH 45242
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
P.O.BOX 2558 1111 FANNIN
HOUSTON, TX 77252-2558
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DEBTOR INFORMATION
Debtor(s): SCHUSTER ELECTRONICS, INC.
11320 GROOMS ROAD
CINCINNATI, OH 45242
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): FIFTH THIRD BANK
38 FOUNTAIN SQUARE
CINCINNATI, OH 45263
COLLATERAL INFORMATION
Collateral Type: ALL ASSETS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL EQUIPMENT INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL FIXTURES INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL ACCOUNT(S) INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL FIRM PRODUCTS/CROPS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL INTANGIBLE(S) INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL COMPUTER EQUIPMENT INCLUDING PROCEEDS
AND PRODUCTS
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A nationwide search of bankruptcy courts revealed no bankruptcy petition.
GENERAL COMMENTS
Schuster Electronics Inc., first opened for business in 1904 as an electrical contractor in Cincinnati, Ohio. The payment history indicates that the Subject is efficient with its payments. No legal actions or bankruptcy petitions were filed 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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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%)