MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERMETRO
INDUSTRIES CORPORATION |
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Registered Office : |
651 North Washington Street, Wilkes Barre, PA 18705 |
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Country : |
United States |
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Date of Incorporation : |
12.12. 1930 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Wire
Products, Wafer Transport Carts, Cleanroom Worktables. |
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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Status : |
Good |
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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: |
Intermetro Industries Corporation |
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Address: |
651 North
Washington Street, Wilkes Barre,
PA 18705, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (570)
825-2741 + 1 (800) 441-2714 39891 New York John
Nackley, President |
Date founded: |
Dec 12, 1930
Corporation for Profit N.A. N.A. 1400 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales wire products, wafer transport carts, cleanroom worktables. |
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BANKS
National Trust Savings Association
First Eastern Bank
BUSINESS
Operations & Operations:
If you've got a thing a bottle of wine, containers of pharmaceuticals,
boxes of office supplies, chances are good that InterMetro Industries
manufactures a shelf or cabinet where you can store it.
The company, a subsidiary of Emerson's Storage Solutions segment, makes
storage systems, wire shelving, and carts used in commercial, food service,
consumer, and health care applications.
Its products range from wine racks and home storage shelves to commercial
kitchen equipment like heated banquet cabinets to supply carts for health care
facilities. Founded in 1929, the company maintains operations in Asia, Europe,
and North America.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the company
are:
John Nackley, President,
Donald McAlonan, Vice
President of Finance,
Darrin Woodruff, Vice
President of Human Resources.
The parent company is
Emerson Electric Co. (Saint Louis, MO).
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Intermetro Industries Corporation does not publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover
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97,600,000 |
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Operating
Profit |
2,100,000 |
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Net
Income |
3,05,000 |
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Net
Worth |
5,000,000 |
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Liabilities |
3,000,000 |
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Fixed
Assets |
5,000,000 |
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LEGALS
1 Suit in 2008 by Lynn
& Fred Beck Cause: Product Liability.
Amount: NA
0 Judgments
1 Lien in 2007 by the State of Texas for non-payment of State Tax . Amount: $675.
2 Liens in 2006 by Ca
Employment Development Department for non-Payment of State Tax. Total Amount:
$5,310.
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing 2008,2006,2005
& 2003 by US Bancorp 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 only that all
local and federal taxes were paid on due date.
Payments are made on a 45
days basis.
The cash is medium.
Our final opinion:
This is a large company
worldwide.
The company is really well
established and benefit of a medium level of trust from financial structures.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Medium Controlled Medium |
PUBLIC RECORDS PAYMENTS |
See Above Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)