MIRA
INFORM REPORT
|
Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MARQUIPWARD UNITED LLC. |
|
|
|
|
Registered Office : |
1300 N Airport Rd, Phillips, WI 54555 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
06.04.2002 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Manufactures Paper
Industry Machinery |
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 2,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
REQUIRED CREDIT |
ADVISED CREDIT |
|
MAXIMUM |
2,000,000 USD |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
|
Company Name: |
MARQUIPWARD
UNITED LLC. |
||
|
Address: |
1300 N Airport
Rd, Phillips, WI
54555, USA |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (715) 339-2191 + 1 (715) 339-4469 M036423 Wisconsin Robert H Chapman,
Director |
Date founded: |
06/04/ 2002
Corporation for Profit N.A. 875 employees |
|
Legal form: |
|||
|
Stock: |
|||
|
Staff: |
|||
|
Business: |
Manufactures paper industry machinery |
||
BANKS
1st Source Bank
BUSINESS
Operations & Business:
Marquipward United is a private company located in Phillips, Wisconsin.
The company’s line of business is manufacturer of paper industry machinery.
The company is particularly specialized is:
-Fine paper corrugated shears,
-Slitters,
-Knives,
-Stackers,
-single facers,
-Glue machines,
-Folder-gluer,
-Rotary die cutter,
-Double backers’ snips,
-Nut splitters,
-Nibblers…
Marquip was founded as a manufacturer of custom-designed automated
machinery for the building materials industry. In a very modest facility,
one-of-a-kind machines were designed and manufactured for the production of
hardboard siding, ceiling tile, particle board, plywood, aluminum and other
flat materials.
The company is working worldwide today.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Robert H Chapman, Director.
The parent company is
Barry-Wehmiller Companies, Inc.
Barry-Wehmiller Companies, Inc.
1400 E Wash Ave Ste 227,
Madison, WI 53703-3041,
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Marquipward United Llc. 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 |
231,000,000 |
|
Operating Profit |
12,000,000 |
|
Net Income |
9,000,000 |
|
Net worth |
7,000,000 |
|
Liabilities |
5,300,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 &
2006 by Lasalle National Leasing securing Equipment. Amount: NA
1 UCC Filing in 2007 by
Mazak Copporation securing Equipment. Amount: NA
1UCC Filing in 2007 by King
Commercial securing Equipment. Amount: NA
All previous UCC Filings
have been cleared
RATING
Local credit bureau gave a 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 36
days basis (monitored during the past 12 months).
The cash is good.
Our final opinion:
This is a large company
working worldwide.
A credit line may be
considered.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Medium Controlled Good |
PUBLIC PAYMENTS |
See Details
Above Regular |
ADVISED
CREDIT
2,000,000 USD
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.39 |
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%)