MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MCM IND CO INC |
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Registered Office : |
25825 Science Park Dr # 260, Cleveland, OH 44122-7323 |
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Country : |
United States |
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Date of Incorporation : |
04/03/1986 |
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Legal Form : |
Corporation for profit |
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Line of Business : |
Manufacturer of fabricated wire products |
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. |
Small |
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Status : |
Small Company |
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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: |
MCM IND. CO., INC. Dba North Coast Spring & Wire |
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Address: |
25825 Science Park Dr # 260, Cleveland, OH 44122-7323, United States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (216) 292-4506 + 1 (216) 292-4730 2087561 Delaware Michael Reljanovic, President |
Date founded: |
04/03/1986 Corporation for profit N.A. 50 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufacturing fabricated wire
products |
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BANKS
JPMORGAN CHASE BANK
BUSINESS
Operations &
Business:
Mcm Ind Co, Inc. also does business as North Coast Spring & Wire.
Mcm Ind Co, Inc. is a private company headquartered in Cleveland, Ohio.
North Coast Spring & Wire's line of business is manufacturing miscellaneous
fabricated wire products.
The company is particularly specialized in:
-Rope,
-Chain
-Cable,
-Wire,
-Strap,
-Chains,
-Security wire,
-Mechanical cable,
-Mechanical wire,
-Straps,
-Ropes.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company is:
Michael Reljanovic, President.
He is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Mcm Ind Co, Inc. 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 |
3,800,000 |
There is no legal filling 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 correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
- The cash flow is correct.
- Payments are made on a regular basis.
Our final opinion:
This is a medium company working in the US.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above regular |
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%)