MIRA
INFORM REPORT
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Report Date : |
09.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BOSE CORPORATION |
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Registered Office : |
The Mountain, Framingham, MA 01701 |
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Country : |
United States |
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Date of Incorporation : |
09.27.1978 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of Audio Systems. |
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 : |
EUR 2,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
2,000,000 EUR |
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 100 = EUR 64 Correct |
IDENTIFICATION
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Company Name : |
BOSE CORPORATION |
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Address : |
The Mountain, Framingham, MA
01701, United
States |
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Phone : Facsimile : ID : State: Manager : |
+1 (508) 879-7330 +1 (508) 879-3049 0860633 Delaware Robert L MARESCA, President |
Date founded : |
09/27/1978 Corporation for profit 214,208 shares 8,000 employees |
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Legal form : |
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Stock : |
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Staff : |
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Business : |
Manufacturer of audio systems. |
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BANKS
- NEW ENGLAND MERCHANTS NATIONAL BANK,
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HOME NATIONAL BANK OF MILFORD,
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BANK OF NEW ENGLAND.
BUSINESS
Operations:
At the above address, we find the
headquarters of the company BOSE CORPORATION.
The company was incorporated with the
secretary of state of Delaware for tax purposes.
It is also registered with the secretary of
state of Massachusetts on 12/28/1978, under the number 042655386.
Activity:
BOSE CORPORATION is a manufacturer of audio systems for the home
entertainment, automotive, and pro audio markets.
Its product lines include premium home entertainment products,
professional sound reinforcement equipment, automotive sound systems and
noise-reduction technology products.
For sound professionals, Bose offers loudspeakers and amplifiers, as
well as products designed for musicians.
Bose sells its products at 100-plus factory and showcase stores and
through affiliated retailers.
Its products are distributed worldwide.
SHAREHOLDERS – SUBSIDIARIES –
MANAGERS
The directors of BOSE CORPORATION are:
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Amar Bose, Founder, Chairman and CEO,
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Daniel A. Grady, Vice
President and CFO,
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Robert L. Maresca, President,
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Herbert Batchelder, Vice
President,
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Carolyn Cinotti, Director of Public Relations,
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Mario Cornacchio, Treasurer,
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Marc Sullivan, Secretary.
Amar Bose is also a former professor of electrical engineering at
Massachusetts Institute of Technology. He owns the company.
Principal Subsidiaries:
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Bose AG (Switzerland);
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Bose A/S (Denmark);
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Bose Australia;
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Bose B.V. (Netherlands);
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Bose Canada, Inc.;
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Bose GmbH (Germany);
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Bose K.K. (Japan);
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Bose Ltd. (Canada);
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Bose N.V. (Belgium);
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Bose S.A. de C.V. (Mexico);
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Bose S.A.R.L. (France);
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Bose S.p.A. (Italy);
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Bose U.K., Ltd.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
BOSE CORPORATION does not publish any
financial statement.
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 |
7,8 billion |
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Net income |
394,000,000 |
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Net worth |
600,000,000 |
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Liabilities |
1 billion |
There are no legal fillings listed with the District Court.
There is no active UCC file listed with the Secretary of State of Delaware.
RATING
Local credit bureau gave a very good credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a 41
days basis (monitored during the past 12 months).
The cash is large.
Our final opinion:
This is a large company
working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Good Controlled Large |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
2,000,000 EUR
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.02 |
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Euro |
1 |
Rs.67.77 |
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%)