MIRA INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BALDAUF ENTERPRISES INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.07.1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Machine Tool Manufacturing. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Baldauf Enterprises |
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Address in the order: |
DBA Kerkau Manufacturing |
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Legal Name: |
BALDAUF ENTERPRISES INC (KERKAU MANUFACTURING COMPANY) |
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Legal Address |
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Operative Address |
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Mailing Address |
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Telephone: |
+1 (989) 686-0350 |
ID : |
084132 |
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Fax: |
+1 (989) 686-0399 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1983 |
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Manager: |
Harold E Baldauf, President |
Date Incorporated: |
July 14th, 1983 |
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Staff: |
100 |
Stock: |
50,000 |
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Value: |
No Par Value |
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Activity: |
Machine Tool Manufacturing. |
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BANKS
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Name of the Bank |
CITIZENS BANK |
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Name of the Bank |
MICHIGAN NATIONAL BANK |
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Name of the Bank |
BANK OF |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company is a supplier and manufacturer of precision machined
parts, castings, and forgings. They manufacture and distribute a full line of pipe flanges. |
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Products/Services description: |
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Flanges Production Machining Goggle Sterilization Cabinets Among others. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company imports from Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered in |
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Branches: |
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The company has another branch in: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held, Harold E Baldauf is the major
shareholder. |
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Management: |
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Harold E Baldauf, President Fred May, Vice President David Baldauf,Member John Pankow, Treasurer |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted a female representative who kindly provided us with the
accountant dept's phone number: +1 (989) 799-6871; We called there, spoke
with Lisa Audrey who refused to provide us any financial data without knowing
the name of the inquiring party. |
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Legal Fillings |
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There are 65 UCC files listed with the Secretary
of State of Michigan. THE COMPANY IS NOT LISTED ON THE OFAC LIST
.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions in
all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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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. |
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Final
Opinion |
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This company has been in business for 28
years. It has a staff of 100 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. There was no financial information found
for the company. We've contacted the company but the
accountant refused to provide any financial information without knowing the
name of the inquiring party. We suggest then working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Female representative Lisa Audrey (Accountant) |
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Comments |
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The female representative kindly provided us with the accountant
dept's phone number: +1 (989) 799-6871; We called there, spoke with Lisa
Audrey but she refused to provide us any financial data without knowing the
name of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.25 |
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Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.