MIRA
INFORM REPORT
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Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOBLE ENGINEERING COMPANY |
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Registered Office : |
85 Walnut Street Watertown
MA 02472 |
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Country : |
United States |
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Date of Incorporation : |
19.08.1920 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Measuring
and Analytical Instruments, Equipment Leasing. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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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 |
500,000 USD |
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 Satisfying |
IDENTIFICATION
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Company Name: |
Doble Engineering Company |
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Address: |
85 Walnut Street Watertown MA
02472 USA |
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Phone: Facsimile: ID: State: Managers: |
617-926-4900 617-926-0528 041250160 Massachusetts Robert Smith, President |
Date founded: |
Aug 19, 1920
Corporation for Profit N.A. Employees: 225 |
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Legal form: |
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Stock: Staff: |
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Business: |
Manufactures Measuring & Analytical Instruments, Equipment
Leasing. |
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BANK
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First National Bank.
BUSINESS
Operations:
At the above address, we find the headquarters of the company Doble
Engineering Company.
Business:
Doble offers diagnostic instruments, services, and the world’s premier
library of statistically significant apparatus test results for the benefit of
energy generation and delivery companies and industrial power users worldwide.
Business
Overview:
The output of US machinery and equipment rental and leasing is forecast
to grow at an annual compounded rate of 4 percent between 2007 and 2012. Demand
is driven by economic growth, particularly in nonresidential construction. The
profitability of individual companies depends on the merchandising mix and cost
of financing rental inventory. Large companies have economies of scale
advantages in buying equipment and having multiple outlets to share equipment.
Small companies can compete effectively by providing specialty products for a
local market and superior customer service. Average revenue per worker is about
$230,000.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the company are:
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President and CEO = Robert Smith
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Treasurer= Lawrence H Nordt
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Vice-President =Wyane Bishop Sr
Doble was acquired by ESCO Technologies Inc. (NYSE: ESE) in 2007. Doble
continues to be operated as a stand-alone company.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
The company 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 |
19,200,000 |
There are no legal fillings listed with the District Court.
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave correct 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 regular
basis.
The cash is correct.
Our final opinion:
This is a medium size
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 |
Correct Controlled Correct |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
500,000 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%)