MIRA INFORM REPORT

 

 

Report Date :

20.06.2008

 

IDENTIFICATION DETAILS

 

Name :

CARL ZEISS IMT CORP.

 

 

Registered Office :

6250 Sycamore Ln N, Maple Grove, MN 55369-6310

 

 

Country :

United States

 

 

Date of Incorporation :

2.18.1997

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturer of Electrical Measuring Instruments and Machine Tool Accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 1,800,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

REQUIRED CREDIT

 

 

ADVISED CREDIT

 

 

MAXIMUM

 

 

1,800,000 USD

 

 

GEOPOLITICS

 

 

POLITICAL DATA

 

 

ECONOMIC DATA

FORM OF GOVERNMENT

 

ECONOMIC RISK

Federal

 


None

 

CURRENCY

 

BRANCH SITUATION

 

USD

 

Satisfying

 

 

IDENTIFICATION

 

 

Company Name:

 

Carl Zeiss IMT Corp.

 

Address:

 

 

6250 Sycamore Ln N,
Maple Grove, MN 55369-6310,

United States 

 

Phone:

 

Facsimile:

 

ID:

 

State:

 

Managers:

 

+ 1 (763) 744-2400

 

+ 1 (763) 533-0219

 

84477

 

Minnesota

 

Gregory Lee, president

 

Date founded:

 

 

2/18/1997
 

 

Corporation for Profit

 

N.A.

 

 

 

250 employees

 

Legal form:

 

Stock:

 

 

 

Staff:

Business

Manufacturer of electrical measuring instruments and machine tool accessories

 

 

BANKS

 

 

US BANCORP

 

 

 

 

 

BUSINESS

 

Operations & Operations:

 

Carl Zeiss Imt Corp is a private company headquartered in Maple Grove, Minnesota. Carl Zeiss Imt Corp's line of business is manufacturing electrical measuring instruments and machine tool accessories.

 

Industry Overview:

 

The US industrial machinery wholesale industry consists of 25,000 companies with combined annual revenue of almost $115 billion. Large companies include CE Franklin, MSC Industrial Supply, and the wholesale operations of large manufacturers such as General Electric. Independent distributors hold about 80 percent of the market. The industry is highly fragmented: the 50 largest companies account for only 25 percent of industry revenue.

 

 

Demand depends heavily on US manufacturing activity. Profitability depends on product selection and efficient operations. Large companies have economies of scale in advertising and sales programs. Small companies can compete effectively by specializing in particular industries, end-use applications, or geographical areas, and by offering special services. The industry is highly automated: average annual sales per employee are $350,000.

 

 

SHAREHOLDERS SUBSIDIARIES – MANAGERS

 

The directors of the company are:

 

Gregory Lee, president,

 

Monica St Germain, Controller.

 

The parent company is Carl Zeiss, Inc.

 

Carl Zeiss, Inc.

1 Zeiss Dr,

Thornwood, NY 10594-1939,

United States

 

 

FINANCIALS – COMMERCIAL TRENDS AND FORECAST

 

Carl Zeiss Imt Corp does not publish any financial statement.

 

However our financial sources could provide us with the following information:

 

 

Fiscal Year

In USD

 

12/31/2007

Turnover

90,000,000

                                                                 

There is no legal filling listed with the District Court.

 

There are several active UCC files in favor of banks and financial institutions listed with the Secretary of State of Minnesota.

 

 

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 worldwide.

 

A credit line may be considered.

 

 

SUMMARY

 

 

FINANCIAL SUMMARY

 

 

DEBT COLLECTIONS AND PAYMENTS

 

PROFITABILITY

 

INDEBTNESS

 

CASH

 

 

Correct

 

Controlled

 

Correct

PUBLIC

 

PAYMENTS

 

 

None

 

Regular

 

 

 

ADVISED CREDIT

 

1,800,000 USD

 

 

 

 

 

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions