MIRA
INFORM REPORT
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Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ECLIPSE, INC. |
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Registered Office : |
1665 Elmwood Road, Rockford, IL 61103 |
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Country : |
United States |
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Date of Incorporation : |
30.10.1908 |
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Com. Reg. No.: |
10754747 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Design, Installation and Service for total combustion needs, supported
by application engineering services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
ECLIPSE, INC.
Company acronym:
-
Contact Information
|
Address |
1665 Elmwood Road Rockford, IL 61103 USA |
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Telephone |
815-877-3031 |
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Fax |
815-877-4565 |
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Website |
www.eclipsenet.com |
Registration Data
|
Date of Registration |
10-30-1908 |
|
Registration number |
10754747 |
|
Legal address |
1665 Elmwood Road Rockford, IL 61103 USA |
|
Legal Form |
Corporation - Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Private |
100 |
Board/Executive
|
Name |
Lachlan L. PERKS |
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Position within the company |
President |
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Name |
Douglas C. PERKS |
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Position within the company |
CEO |
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Name |
Greg BUBP |
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Position within the company |
Vice President, CFO and
Secretary |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Eclipse offers customers a single source for design, installation and
service for total combustion needs, supported by application engineering
services. It can provide services virtually anywhere in the world. Eclipse is a
manufacturer of products and systems for industrial heating and drying
applications. It designs and manufactures a variety of gas and oil burners,
recuperators and heat exchangers, complete combustion systems and accessories
for combustion systems.
Additional products offered by the company include burners and
compressors, engineered systems, oxygen and fuel controls, oil pumps, furnace
monitors and emission-control technologies. Eclipse has offices in Africa,
Asia, Australia, New Zealand, Oceania, Central America and the Caribbean, Europe,
the Middle East, North America and South America.
Staff
|
Number of staff employed |
520 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe, Far East |
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Exports To |
Worldwide |
Facilities
|
Owned |
Manufacture, warehouse and office |
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Premises Size |
30,000 sq. feet |
Branches
|
Address |
Several branches in the U.S. and worldwide |
Bankers
|
Bank |
HARRIS TRUST & SAVINGS BANK |
|
Address |
111 West Monroe Street, Chicago, IL 60603 |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
53,400,000 |
Reporter Comments
|
Comments |
No information could be obtained from the Company. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 88% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 days
beyond terms. |
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MAX CREDIT |
USD 1,000,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 1,000,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
RATING
EXPLANATIONS
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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 |
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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%)