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MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
STEVENS
INSTITUTE OF TECHNOLOGY, (INC) |
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Registered Office : |
1 Castle Point On Hudson Hoboken ,NJ
07030 |
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Country : |
United States |
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Date of Incorporation : |
18.02.1970 |
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Legal Form : |
Non-Profit Corporation |
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Line of Business : |
College/University |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 300,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
Stevens
Institute Of Technology, (Inc) |
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Address: |
1 Castle Point
On Hudson Hoboken ,NJ 07030 U.S.A |
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Phone: Facsimile: ID: State: Managers: |
201-216-5000 201-216-8250 NA New Jersey Harold J Raveche, President |
Date founded: |
Feb 18, 1970 (Incorporation)Founded in 1870
Non-Profit
Corporation N.A. Employees: 500 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
College/University |
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BANKS
California First National Bank,
PNC Bank
BUSINESS
History
Stevens is named for a distinguished family who perpetuated a tradition
in American engineering, dating back to the early days of the Industrial
Revolution. John Stevens, a colonel in the Revolutionary War, purchased from
the State of New Jersey in 1784 the land included in the present-day 55-acre
campus of the college. Before 1800, Col. Stevens was a pioneer in the
development of the steamboat, and by 1825 he had designed the first
American-built steam locomotive.
Stevens Institute of Technology creates new knowledge and educates and
inspires students to acquire the competencies needed to lead in scientific
discovery and in the creation, application and management of technology to
solve complex problems and to build new enterprises.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
Stevens Institute of Technology is incorporated and chartered in the
name of "The Trustees of the Stevens Institute of Technology."
Officers of the Corporation
Lawrence T. Babbio, Jr.
Chairman
Kenneth W. DeBaun
Vice Chairman
Steven Shulman
Vice Chairman
Harold J. Raveché
President
Randy L. Greene (Vice President of Finance)
Treasurer
Mark L. Samolewicz (Vice President of Human Resources)
Secretary
Diana Colombo (Executive Assistant to the President)
Assistant Secretary
Frederick L. Bissinger
Chairman Emeritus
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
The subject
does not publish its financials and it is a non profit organization.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
89,000,000 |
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Net income |
0 |
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Net worth |
19,000,000 |
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Liabilities |
40,000,000 |
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Cash |
Good |
LEGALS
1 Suit filed in 2007 by Plamen
Jetchev, Cause: Contrc-Reg, Amount: $10,956
1 Suit filed in 2006 by Horn
Electrical Conracting Inc Cause:
Construction, Amount: NA
1 Suit filed in 2005 by Terminal Construction Corp Cause: Construction , Amount:NA
0 Judgments
0 Liens
0 Collection Claims Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2007 by New Jersey Educational Facilities Security : Fixtures& Equipment
1 UCC Security Filing in 2007 by Commerce Commercial Leasing Security : Computer Equipment
1 UCC Security Filing in 2006 by Verizon Inc Security : Leased equipment
All Prior UCC filings have been cleared
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means only that all local and federal taxes were paid on due date.
Payments are made on 45 days nets
Cash is sufficient
Our final opinion
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Non profit Controlled Sufficient |
PUBLIC PAYMENTS |
See Details
Above prompt |
ADVISED CREDIT
300,000 USD
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. |
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%)