MIRA
INFORM REPORT
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Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAYDON CORPORATION |
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Registered Office : |
1209 Orange Street, Wilmington, DE 19801 |
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Country : |
United States |
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Financials (as on) : |
27.09.2008 |
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Date of Incorporation : |
24.10.1983 |
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Com. Reg. No.: |
Delaware 2019775 |
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Legal Form : |
Public Company |
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Line of Business : |
Designs, Manufactures, and Sells Custom Engineered products in North
America, Europe, and Asia |
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 3,000,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
KAYDON CORPORATION
Company acronym:
KEYDON
BEARINGS
Contact Information
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Address |
315 e. Eisenhower Parkway, Suite 300 Ann Arbor, MI 48108 USA |
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Telephone |
734-747-7025 |
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Fax |
734-747-6565 |
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Website |
www.keydonbearings.com |
Registration Data
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Date of Registration |
10-24-1983 |
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Registration number |
Delaware 2019775 |
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Legal address |
The Corporation Trust Company 1209 Orange Street, Wilmington, DE 19801 |
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Legal Form |
Public Company |
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Share Capital |
100,000,000 shares common |
Shareholders
with Shares
The Company is quoted with the NYSE under symbol KDN.
Board/Executive
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Name |
Mr. James O'Leary |
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Position within the company |
Executive Chairman,
President & CEO |
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Name |
Kenneth CRAWFORD |
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Position within the company |
Vice President &
CFO |
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Name |
John EMLING |
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Position within the company |
COO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Kaydon Corporation designs, manufactures, and sells custom engineered
products in North America, Europe, and Asia. It offers friction control products,
such as anti-friction bearings, split roller bearings, and specialty balls used
in specialized robotics, medical, aerospace, defense, security, electronic,
material handling, construction, alternative-energy, and other industrial
applications. The company also manufactures velocity control products,
including industrial shock absorbers, safety shock absorbers, velocity
controls, gas springs, and rotary dampers used in specialized robotics,
material handling, machine tool, medical, amusement, and other industrial
applications. In addition, it offers sealing products, such as engine rings,
sealing rings, and shaft seals for industrial, aerospace, and defense
applications. Further, Kaydon Corporation provides filter elements and liquid
and gas-phase filtration systems, metal alloys, machine tool components,
presses, dies, and benders used in various industrial applications.
The company was founded in 1941 and is based in Ann Arbor, Michigan.
Staff
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Number of staff employed |
2,125 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
worldwide |
Facilities
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Rented |
Corporate office |
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Premises Size |
50,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
Public Company quoted with the NYSE under symbol KDN 97% of the common stock is held by institutional and mutual fund
owners. |
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Subsidiaries |
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Branches
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Address |
The Company maintains several manufactures and branches in the U.S.
including Muskegon, MI. |
Bankers
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Bank |
Bank of America … |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
Documents on attachment
Reporter Comments
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Comments |
The present report was controlled with a S.E.C.
officer. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days beyond terms. |
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MAX CREDIT |
USD 3,000,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 3,000,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.71 |
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UK Pound |
1 |
Rs.72.85 |
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Euro |
1 |
Rs.64.70 |
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%)