MIRA
INFORM REPORT
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Report Date : |
9th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SERVICE STAMPING INC. |
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Registered Office : |
4700 Hamann Parkway, Willoughby, Ohio,
44094, United States |
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Country : |
United States |
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Date of Incorporation : |
22.09.1956 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and distributor of medal parts stamping equipment. |
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 :
SERVICE STAMPING INC.
Address :
4700 HAMANN PARKWAY
City :
WILLOUGHBY
State/Province :
OHIO
Zip Code :
44094
Country :
UNITED STATES
Telephone :
440 946-2330
Facsimile :
440 946-6486
Legal Form :
Corporation - Private
Website :
www.servicestampings.com
@rating Opinion :
Business Activity : Service Stamping Inc, is a manufacturer and distributor
of medal parts stamping
equipment.
As of :
30/06/2006
Sales / Revenue : 1,600,000
Net Income :
60,000
Total Equity :
800,000
NOTE TO CLIENT
Contact Person :
Mr. Jeff Campbell
Position :
Vice President/Finance Department
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
22/09/1956
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:
Identification Number : 258190
Filing Date :
09/22/1956
State of Incorporation : OHIO
Date Incorporated : 09/22/1956
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 :
CHRISTOPHER T. REID
Address :
4700 HAMANN PARKWAY, WILLOUGHBY, OH
Appointed Date :
05/07/2004
Status :
ACTIVE
AMENDMENT INFORMATION
Amendments: 05/07/2004 MISCELLANEOUS DOMESTIC
AGENT SUBSEQUENT APPOINTMENT
10/13/1993 MISCELLANEOUS DOMESTIC CONTINUED
EXISTENCE
09/09/1993 MISCELLANEOUS DOMESTIC CONTINUED
EXISTENCE LETTER
12/22/1989 MISCELLANEOUS DOMESTIC/AMENDMENT TO
ARTICLES; INCREASE OF AUTHORIZED STOCK
SHARES
10/19/1961 MISCELLANEOUS DOMESTIC/AMENDED
RESTATED ARTICLES; FR:
SERVICE STAMPINGS IN
09/22/1956 MISCELLANEOUS DOMESTIC ARTICLES/FOR
PROFIT STOCK INFORMATION Common Stock:
Dollar Value:
Authorized Shares : 5,000
Par Value :
$0
Convertible :
NO
Stock Class :
A
Common Stock :
Dollar Value :
Authorized Shares : 10,000
Par Value :
$0
Convertible :
NO
Stock Class :
B
Managers/Key Personnel
Mr. Christopher Reed Chief
Executive Officer
Mr. Jeff Campbell Vice
Pres. & Chief Financial Officer
AFFILIATED ENTITIES
Mr. Jeff Campbell stated that there were no
affiliated companies or subsidiaries.
BANKS
First National Bank of Pennsiyvania
PA
Telephone :
440 205-0394
Facsimile :
440 205-0395
Account Number:
Account Manager:
The above bank requires a signed
authorization. A authorization form was
faxed to Mr. Clark. If he responds, the form will be forwarded to the bank.
An update will be provided if a response is received.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR
TRANS 06-11 00-00 NET 30 0
0 0 0
0 0 0 CUST 13 YR
FINCL SVCS
07-02 06-10 NET 300 100
0 0 0 50 50
CUST 3 YR
INDUS SUPL
07-02 00-00 1/10N30 0 0 0
0 0 0 0
METAL DIST
07-01 06-12 VARIED 7900 7900
0 74 26 0 0
CUST 2 YR
OFFC SUPPL
07-01 00-00 CREDIT 2100 300
100 0 0 0
0
PACKAGING 07-01 06-12 NET
30 200 100 100 0 0
0 0 CUST 10 YR
PAPER DIST
07-02 06-09 1/10N30 700 0 0
0 0 0 0 CUST 20 YR
SAFTY PROD
07-02 06-06 NET 30 200 0
0 0 0 0 0
CUST 7 YR
AIR
TRANS 06-06 06-06 0000000 300 300
54 46 0 0 0
CUST 31 YR
COMMUN SVC
05-01 00-00 NET 20 0 0 0 0 0
0 0
ELEC
MFG 04-03 03-12 NET 30 400
200 100 0 0
0 0
ELEC SUPLR
05-04 00-00 VARIED 0 0 0 0 0
0 0
ELEC SUPLR
06-04 00-00 NET30 300 100
0 0 0 100 0
FREIGHT 06-09 06-04 VARIED 2100
0 0 0
0 0 0
FREIGHT 04-12 04-02 VARIED 200
200 100 0 0
0 0
LEASING 07-02 00-00 NET 30 100
0 0 0
0 0 0 CUST 5 YR
LEASING 04-10 00-00 VARIED 2800
2800 0 57
43 0 0
METAL DIST
04-05 04-05 NET EOM 153400 128100 23
23 54 0 0
OFFC SUPPL
05-03 05-01 NET 300 0
0 0 0 0 0
CUST 2 YR
SAFTY PROD
06-03 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
CURRENT
QUARTER 11400 8400
4 71 25 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200 0 8 22 8400 4 71
25 0 0
20070100 0 15 7 8600 51
49 0 0 0
20061200 0 15 3 3300 83
17 0 0 0
20061100 0 14 3 1200 79
21 0 0 0
20061000 0 14 4 900 74 26 0
0 0
20060900 0 13 7 1100 55
45 0 0 0
Payment History -
Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth 2006 6
4400 61 39
0 0 0
Third 2006 6
1200 59 41
0 0 0
Second 2006 1
2400 93 7
0 0 0
First 2006 3
700 83 17
0 0 0
Fourth 2005 0
1700 99 1
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y):
30/06/2006
30/06/2006 30/06/2006
Consolidated
Sales /
Revenues 1,600,000 - -
RESULTS
Income
before Taxes 5,000,000 - -
Net
Income
60,000 - -
ASSETS
Total
Assets 600,000 - -
LIABILITIES
Other Long
Term Liab 20,000 -
-
Total Long
Term Liab 20,000 - -
Total
Liabilities 20,000 - -
EQUITY
Total
Equity 800,000 - -
FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
30/06/2006 30/06/2006 30/06/2006 30/06/2006
Total
Assets 600,000 0
100.00 100.00
Other Long
Term Liab 20,000 0 3.33 3.33
Total
Liabilities 20,000 0 3.33 3.33
Total
Equity 800,000 0 133.33 133.33
The
financial details are expressed in actual US$.
CURRENT OPERATIONS
NAICS
Code : 332116 Metal Stamping
SIC
Code : 3469
Business Activity
Service Stamping Inc, is a manufacturer and
distributor of medal parts stamping equipment.
Service Stamping Inc., stamping parts are :
blanked, pierced, formed, drawn,
extruded, marked to your exacting specifications stampings.
The Company's service provide design
assistance: for supply tolerance, cost
ratios.
The above address is the sole location and
corporate headquarters for the Firm.
GENERAL COMMENTS
Service Stamping Inc., has over 45 years of
experience in its industry.
The payment history is satisfactory; moreover
there is only one Uniform Commercial
Code file and no bankruptcy petition revealed on a nationwide search of public 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%)