MIRA
INFORM REPORT
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Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
WEBCO MACHINE PRODUCTS, INC. |
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Registered Office : |
7800 Exchange Street, Valley View, Ohio 44125, United States |
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Country : |
United States |
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Date of Incorporation : |
31.01.1957 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Operates as a machine shop. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : WEBCO MACHINE PRODUCTS, INC.
Address : 7800 EXCHANGE STREET
City : VALLEY VIEW
State/Province : OHIO
Zip Code : 44125
Country : UNITED STATES
Telephone : 216 524-6210
Facsimile : 216 524-8976
Legal Form : Corporation - Private
Website : www.webcomachine.com
@rating Opinion :
Business Activity : The Subject operates as a machine shop.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Contact person: Mr. Christopher Luks, CFO.
Mr. Luks declined to provide information for this report.
We were unable to determine the number of employees.
Please note, the Company's website is not operational.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 31/01/1957
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 the state of Ohio.
Business Name Charter : WEBCO MACHINE PRODUCTS, INC.
Registration Number : 261030
Type : Corporation For Profit
Original Filing Date : Jan 31 1957
Status : Active
Expiration Date :
Location / County / State : Valley View / Cuyahoga / Ohio
Managers/Key Personnel
Mr. Christopher Luks Chief Financial Officer
AFFILIATED ENTITIES
As far as we could determine, the Company has no affiliated companies or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Luks declined to provide the Company's banking information.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
COMPUTERS
07-01 00-00 CREDIT 15000 1200
97 3 0 0 0
INDUS SUPL 07-02 00-00 VARIED 2700
1100 0 40
55 5 0
MACH DISTR 07-01 00-00 VARIED 0
0 0 0
0 0 0
PACKAGING
07-01 00-00 NET 30 0 0 0 0 0
0 0 CUST 3 YR
AIR TRANS
06-10 00-00 0000000 300
300 100 0 0
0 0 CUST 23 YR
AUTO PARTS 05-04 02-10 NET10TH 0 0 0 0 0
0 0 CUST 3 YR
BANK
05-10 05-09 VARIED 9000 9000
100 0 0 0
0 CUST 8 YR
BLDG MATRL 04-08 03-11 VARIED 1200
500 0 100 0
0 0
CRED CARD
07-02 07-01 REVOLVE 2000
1500 100 0 0 0 0
CUST 27 YR
CRED CARD
04-06 03-01 NET 30 800 500
100 0 0 0
0 CUST 24 YR
ELEC MFG
04-03 03-06 NET 30 500 0
0 0 0 0 0
IRON& STEEL 05-08 00-00 NET 30 5700
900 0 0
100 0 0
LEASING
04-03 00-00 CONTRCT 100
100 100 0 0
0 0
METAL DIST 04-05 04-04 NET EOM 5800 4600
0 87 13 0 0
TEMP HELP
06-04 00-00 NET 10 5000 100
0 0 0 0 100 CUST
1 YR
CURRENT QUARTER 17700
2300 52 20
26 2 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- --- --- ---
20070200
0 9 35 3100 38 20
11 20 11
20070100
0 6 26 3200 37 26
19 18 0
20061200
0 6 27 3300 41 18
23 18 0
20061100
0 6 18 3000 44 37 7
12 0
20061000
0 6 18 3000 44 37
7 12 0
20060900
0 6 14 1000 60 13
27 0 0
Payment History -
Quarterly Averages
BALANCE CUR
1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
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Fourth
2006 24 3200 41 26 17
16 0
Third 2006 19 2000 45 27 21
7 0
Second
2006 31 2800 28 30 20
20 2
First
2006 42 2900 41 7 16
12 24
Fourth
2005 16 3500 58 19 15
8 0
FINANCIAL INFORMATION
Mr. Luks declined to provide the Company's financials.
CURRENT OPERATIONS
NAICS Code: 99 Unclassified Establishments
Business Activity
The Subject operates as a machine shop.
The Company provided the following services; ID & OD grinding, drilling, boring, cutting, honing, general & CNC machining, lathe & mill work.
As far as we could determine, the heading address is the headquarters location.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject engages as a machine shop. Payment history indicates slow payment trends. Legal indicate no negative litigation taken against the Subject.
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%)