MIRA INFORM REPORT
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Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
PHILLIPS CORPORATION |
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Registered Office : |
10220 Old Columbia Road, Columbia, MD 21046 |
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Country : |
United States |
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Date of Incorporation : |
03.03.1961 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
manufactures and markets
machine tools and accessories |
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No. of Employees
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200 Persons |
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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Maximum Credit Limit : |
USD 400,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United States |
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: |
Hass Factory Outlel |
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Address in the order: |
A Division of Phillips Corporation 7390 Coca Cola Drive Hanover MD 21076 |
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Comments on data supplied: |
Dear client, We did not find the company incorporated in the Secretary of State of
Maryland. It would be a non incorporated business unit of Phillips
Corporation. Therefore, we proceeded on PHILLIPS CORPORATION. |
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Legal Name: |
Phillips Corporation |
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Legal Address |
10220 Old Columbia Road Columbia, MD 21046, USA |
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Operative Address |
7390 Coca Cola Drive Hanover, MD 21076, USA |
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Telephone: |
+1 410-564-2929 |
ID : |
D00172197 |
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Fax: |
+1 410-564-2949 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Maryland |
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Website: |
Date Created: |
1961 |
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Manager: |
Mr. Alan Phillips, President |
Date Incorporated: |
March 3rd. 1961 |
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Staff: |
200 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
It manufactures and markets machine tools and accessories. |
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BANKS
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Name of the Bank |
Bank of America |
BUSINESS
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HISTORY |
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The company was founded in 1961 |
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PRINCIPAL ACTIVITY |
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It manufactures and markets machine tools and accessories. |
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Products/Services description: |
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It offers CNC vertical turning, multitasking, horizontal boring,
fastener insertion, oxide removal and deburring, robotic work piece handling,
abrasive waterjet cutting, peening/blasting, digital scanning and reverse
engineering, drilling, EDM, grinding, milling, punching, and thermal coating
machines. The company also provides grinders, band saws, metal cutting,
hydraulic presses, laser cutting systems, lathes, plasma cutters, press
brakes and shears, and waterjet cleaning systems. (Among others) |
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Sales are: |
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Wholesale |
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Clients: |
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Power generation, bearing, and aerospace industries |
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Operations area: |
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National, International, Local |
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The company export to worldwide |
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Trade References: |
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No trade references were provided. |
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The subject employs 200 employee(s) |
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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 at: 7390 Coca Cola Dr, Hanover, MD,
21076-1936, United States |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. The Phillips family would be the main
shareholder. |
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Management: |
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Mr. Alan Phillips President and Chief Executive Officer Mr. Matthew Phillips Chief Financial Officer Jason Blair Business Development Manager Bryan Pax Operations Manager John Harrison Account Manager |
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Related Companies: |
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CNC Servicing & Solutions India Pvt. Ltd. PET LV See Haeger, Inc. (Among others) |
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 the operator of the company who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
30,000,000 |
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The cash flow is |
Normal |
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There are several UCC** files listed with
the Secretary of State of Maryland. The sources consulted record no
detrimental legal or labor court information. 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 medium 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 is a medium sized American company
which employs 200 people. It has a good experience in the market of
50 years. There were no significant legal filings found
against the company or its legal representatives. It manufactures and markets machine tools
and accessories and it serves power generation, bearing, and aerospace
industries. The income per employee is pretty fair for
the company' size. At this time, we suggest a credit line of
USD 400,000.- |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |