MIRA
INFORM REPORT
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Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
HAAS AUTOMATION, INC. |
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Registered Office : |
2800 Sturgis Road, Oxnard, California 93030 |
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Country : |
United States |
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Date of Incorporation : |
28/06/1983 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and distributor of CNC machine tools. |
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 : |
Moderate |
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Payment Behaviour : |
Satisfactory |
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Litigation : |
Exist |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : HAAS AUTOMATION,
INC.
Address :
2800 STURGIS ROAD
City :
OXNARD
State/Province :
CALIFORNIA
Zip Code :
93030
Country :
UNITED STATES
Telephone : 805
278-1800
Facsimile :
805 278-8554
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 800
Legal Form :
Corporation - Private
Website :
www.haascnc.com
Business Activity : The
Firm is a manufacturer and distributor of CNC machine tools.
NOTE TO CLIENT
Person Contacted: Mr. Aaron Starr, Controller.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
28/06/1983
State/Province of Incorporation :
CA
Status :
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in California under the following:
Corporation: HAAS
AUTOMATION, INC.
Number: C1145704
Date Filed: 6/28/1983
Status: Active
Jurisdiction: California
Agent for Service
of Process:
GENE HAAS
2800 STURGIS RD, OXNARD, CA 93030
Managers/Key
Personnel
Mr. Gene Haas
President & Chief Executive Officer
Mr. Aaron Starr
Controller
Ms. Debra Halper
Personnel Manager
Mr. Scott Melamet
Vice President -
Marketing
Mr. John Roth
Vice President - Sales
Mr. Bob Whaley
Purchasing Manager
Mr. Bob Murray
Chief Operating Officer
AFFILIATED ENTITIES
Management stated there are affiliated companies but would not disclose
the legal names of the affiliates.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Firm's primary bank and
outside sources provided no additional information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 06-12 0000000 49600
26300 100 0 0
0 0 CUST 10 YR
AIR TRANS
06-11 00-00 NET 30 37000 37000
99 0 0 0 1
COLLECTION
AUTOMOTIVE 07-01 06-11 NET 30 11600
0 0 0
0 0 0
COMPUTERS
07-03 00-00 0000000 0
0 0 0
0 0 0
DP EQUIP
07-02 00-00 NET 30 0 0 0 0 0
0 0
ELECTRONIC 06-12 00-00 VARIED 1500
0 0 0
0 0 0
FACTOR
07-03 07-02 NET 30 8800 8800
100 0 0 0
0 CUST 1 YR
FACTOR
07-02 05-03 NET 30 0 0 0 0 0
0 0
FACTOR
07-01 00-00 NET 30 26400 4000
100 0 0 0
0
FINCL SVCS 07-03 99-03 0000000 5900 0
0 0 0 0 0
FINCL SVCS 07-03 06-12 NET 6200
200 1 1
50 11 37 CUST 3 YR
FREIGHT
07-03 06-11 VARIED 1345100 1331700
0 0 0 55 45
FRGHT FWRD 07-02 06-12 NET 30 0
0 0 0 0
0 0
FURNTR& FIX 07-01 00-00 NET 30 0
0 0 0
0 0 0
GENERAL
07-02 00-00 CONTRCT 0
0 0 0
0 0 0
IRON& STEEL 07-03 00-00 NET 30 518700
161400 100 0 0
0 0
IRON& STEEL 07-02 00-00 NET 30 73800
73800 0 83
17 0 0
MANUFCTRNG 07-03 07-02 NET 30 77800
1200 87 13
0 0 0 CUST 7 YR
MANUFCTRNG 07-02 07-02 NET 30 180100
98700 60 40
0 0 0 CUST 17 YR
MED EQUIP
07-02 00-00 NET 30 800 800
0 100 0 0 0
OFFC SUPPL 07-01 98-12 CREDIT 0
0 0 0
0 0 0 ACCTCLOSED
PACKAGING
07-01 06-12 NET 30 2700 0
0 0 0 0 0
CUST 8 YR
PLUMBING
07-02 07-02 NET 10 8300 100
100 0 0 0
0
PLUMBING
06-12 00-06 NET30 0 0 0 0 0
0 0
R& D 07-03 00-00 NET 30
1200 200 100 0
0 0 0
TEMP HELP
07-02 07-03 ROI 7500 4100
100 0 0 0
0
TRANSPORTN 07-02 02-04 VARIED 0
0 0 0 0 0 0
CUST 5 YR
TRUCK DLR
07-03 00-00 CONTRCT 1400
400 100 0 0
0 0
ALUMINUM
05-06 05-05 NET 30 161400 108100
90 10 0 0 0
AUTO EQUIP 05-09 00-00 VARIED 0
0 0 0
0 0 0
BUS SERVCS 06-10 06-10 NET 30 0
0 0 0
0 0 0
COMPUTERS
06-06 06-05 0000000 12900
3900 0 4
96 0 0
ELEC MFG
04-03 03-12 NET 30 24900 22800
100 0 0 0
0
ELEC SUPLR 04-08 04-06 2/10N30 0 0 0 0 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 0
0 0 0
0 0 0
FAB METALS 04-04 00-08 NET 30 0
0 0 0
0 0 0 CUST 4 YR
FACTOR
06-06 04-01 NET 30 0 0 0 0 0
0 0
FASTNR MFG 05-09 00-11 NET30 0
0 0 0
0 0 0 CUST 15 YR
FREIGHT
05-09 00-00 NET30 2900 2400
83 17 0 0 0
CUST 3 YR
FREIGHT
05-06 00-00 VARIED 200 200
100 0 0 0
0
HARDWARE
06-09 00-00 N10PRXO 4500
4500 100 0 0
0 0
HOUSEWARES 06-04 06-04 VARIED 20500
6400 66 34 0 0
0
INDUS SUPL 06-06 06-05 NET 30 18500
13300 73 22
2 3 0 CUST 10 YR
INDUS SUPL 04-10 00-00 NET 30 600
0 0 0
0 0 0
IRON& STEEL 04-09 00-00 NET 30 0
0 0 0 0
0 0
MANUFCTRNG 05-09 00-00 NET 0
0 0 0
0 0 0 CUST 8 YR
MED SUPPLY 06-04 00-00 VARIED 12800
12800 100 0 0
0 0
METAL DIST 04-05 04-05 NET EOM 2200 2200
100 0 0 0
0
METAL DIST 04-10 04-08 5/10N30 5700 0
0 0 0 0 0
NONFER MTL 04-11 04-09 NET 30 2400
2400 0 100 0
0 0
PACKAGING
04-09 00-00 NET 30 2100 1500
0 100 0 0
0 CUST 10 YR
PAINTS
04-12 00-00 VARIED 1400 1100
98 0 0 2
0
PREC INSTR 04-09 04-08 NET 30 1100
400 100 0 0
0 0 CUST 11 YR
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 2 YR
SERVICES
06-04 06-02 VARIED 137400 34400
84 12 3 1 0
90+DYS SLO
TEMP HELP
04-11 04-07 NET 30 0 0 0 0 0
0 0
TELECOM
06-08 06-03 NET 30 700 100
0 0 0 0 100 PAYS-SLOW
CURRENT QUARTER 2363600
1747900 17 6
1 42 34
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 18 23 2100600 31 29
38 1 1
20070200
0 19 28 1745200 19 32
46 2 1
20070100
0 8 4 2097600 84 14
0 2 0
20061200
0 8 3 2150700 85 13
0 2 0
20061100
0 8 3 1964900 86 12
0 2 0
20061000
0 8 4 1832200 83 15
0 2 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60 90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 3 2067400 85 13 0
2 0
Third
2006 6 1309800 67 31 1
1 0
Second
2006 5 788700 65 35 0
0 0
First
2006 4 558000 88 9 1
1 1
Fourth
2005 6 489100 81 13 3
1 2
FINANCIAL INFORMATION
Mr. Starr declined to provide financial statements or annual sales. A
written inquiry was also declined, therefore the Firm's condition could not be
evaluated.
CURRENT OPERATIONS
NAICS Code: 333518 Other Metalworking Machinery Manufacturing
SIC Code: 3549
Number of Employees:
800
Business Activity:
The Firm is a manufacturer and distributor of CNC machine tools. The Subject manufactures a full line of CNC
vertical machining centers, horizontal machining centers, CNC lathes, 5C
indexers and rotary tables. The Company manufactures its products under the
HAAS brand name. The Subject distributes its products throughout the United
States.
The heading address is the Firm's headquarters and consists of 1,000,000
square feet of owned office space, manufacturing and warehouse facilities. The
Subject has branch locations in Belgium and China.
BELGIUM
3,500 square meters, approximately, 37,000 square foot facility
Mercuriusstraat 28
B-1930 Zaventem
Belgium
TEL: ++32 2-522-99 05
FAX: ++32-2-523-08 55
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China
No. 96 Yi Wei Road
Building 67
Waigaoqiao Free Trade Zone, Shanghai, 200131, P.R.C.
Tel: 86-21-3861 6666
Fax: 86-21-3861 6799
PUBLIC RECORD
Name Searched: HAAS AUTOMATION
Parties: NEEDHAM-MEDIATOR ROBERT
Case Number: 218514
Case Type: CIVIL
Defendant: HAAS AUTOMATION IN C
Filing Date: 3/27/2003
Filing Type: CIVIL
Plaintiff: OLSON NEVIN
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Name Searched: HAAS AUTOMATION
Parties: BOYD-CO-MEDIATOR RALPH
GUASCO-MEDIATOR MATTHEW P
Case Number: 196295
Case Type: CIVIL
Defendant: HAAS AUTOMATION INC
Filing Date: 5/18/2000
Filing Type: CIVIL
Plaintiff: ROBINSON ROBIN
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Name Searched: HAAS AUTOMATION
Case Number: 211531
Case Type: CIVIL
Defendant: HAAS AUTOMATION INC
Filing Date: 5/14/2002
Filing Type: CIVIL
Plaintiff: SISSON MARY E
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Name Searched: HAAS AUTOMATION
Parties: KYLE-MEDIATOR HAROLD
Case Number: 215012
Case Type: CIVIL
Defendant: HAAS AUTOMATION INC
Filing Date: 10/21/2002
Filing Type: CIVIL
Plaintiff: WELD PATTI
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Name Searched: HAAS AUTOMATION
Parties: GANS-MEDIATOR W CARL
Case Number: 219721
Case Type: CIVIL
Defendant: HAAS AUTOMATION
Filing Date: 5/21/2003
Filing Type: CIVIL
Plaintiff: STROHBUSCH ANTHONY
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Name Searched: HAAS AUTOMATION
Parties: HAAS AUTOMATION INC
INTELESYS COMMUNICA TION SVC INC
Case Number: 167865
Case Type: SMALL CLAIMS
Filing Date: 5/28/2002
Filing Type: CIVIL
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Name Searched: HAAS AUTOMATION
Debtors: HAAS AUTOMATION [BUSINESS]
2800 STURGIS ROAD
OXNARD, CA 93030
Filing Date: 08/15/2005
Filing Number: 057038197020
Secured Party: FASTEMS USA [BUSINESS]
108 MCDONOUGH STREET
DAYTON, OH 45402
Status: UNLAPSED
Type: FINANCING STATEMENT
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Name Searched: HAAS AUTOMATION
Debtors: HAAS AUTOMATION, INC. [BUSINESS]
2800 STURGIS RD
OXNARD, CA 93030
Filing Date: 03/27/2001
Filing Number: 0109260212
Secured Party: TOYODA MACHINERY USA CORPORATION [BUSINESS]
316 W UNIVERSITY DR
ARLINGTON HEIGHTS, IL 60004
Status: UNLAPSED
Type: FINANCING STATEMENT
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Name Searched: HAAS AUTOMATION
Case Number: 208803
Case Type: CIVIL
Defendant: HAAS AUTOMATION INC
Filing Date: 1/9/2002
Filing Type: CIVIL
Plaintiff: G & K SERVICES
INC
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Name Searched: HAAS AUTOMATION
Parties: HAAS AUTOMATION IN C, (WRITS DEFENDANT)
Case Number: 280667
Case Type: DOMESTIC RELATIONS
Filing Date: 3/12/2001
Filing Type: CIVIL
Petitioner: BAILEY JILL R
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Name Searched: HAAS AUTOMATION
Parties: BRUNNENGRAEBER JOLENE
HAAS AUTOMATION IN C PROFIT SH ARING, (WRITS DEFENDANT)
Case Number: 294081
Case Type: DOMESTIC RELATIONS
Filing Date: 12/16/2002
Filing Type: CIVIL
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No bankruptcy petitions were traced to the Firm, however there are legal
actions filed against the Firm in public. The status is uncertain as no further
information is currently available.
GENERAL COMMENTS
HAAS AUTOMATION, INC. is a manufacturer and distributor of CNC machine tools.
The Subject's payment history is reported to be satisfactory. Management
provided operating details but declined to provide banking and financial
information. Civil suits have been traced to the firm.
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%)