MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
MARK ANDY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04.03.1957 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of narrow web printing equipment |
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 : |
Unknown |
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Litigation : |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Mark Andy Inc |
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Address in the order: |
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Legal Name: |
Mark Andy Inc |
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Legal Address |
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Operative Address |
18081 Chesterfld Apt Rd, |
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Mailing Address |
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Telephone: |
+1 (636) 532-4433 |
ID : |
00089186 |
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Fax: |
+1 (636) 532-1510 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1946 |
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Manager: |
PAUL BRAUSS, Chief Executive Officer |
Date Incorporated: |
March 4th, 1957 |
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Staff: |
500 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of narrow web printing equipment |
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BANKS
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Name of the Bank |
Wells |
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Name of the Bank |
Greater Bay Bank N.A. |
BUSINESS
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HISTORY |
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The company was created in the year 1946. It was formerly known as THE MARK ANDREWS COMPANY, INC. |
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PRINCIPAL ACTIVITY |
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The subject company operates as a manufacturer of narrow web printing
equipment. |
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Products/Services description: |
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Narrow flexographic Web presses Printing converting machinery Custom design equipment Replacement parts. pharmaceuticals nutraceuticals security printing and converting |
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Sales are: |
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Wholesale |
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Brands: |
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Comco Mark Andy Rotoflex UVT Max. |
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Clients: |
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food and beverage wine and spirits health and beauty pharmaceutical and nutraceutical general consumer automotive industrial |
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Suppliers: |
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Harper Praxair Surface Technologies, Inc. Stork Cellramic, Inc. |
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Operations area: |
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National, International, Local |
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The company imports from Europe, |
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The company export to Worldwide |
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The subject employs 500 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Branches: |
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The company has sales and distribution offices worldwide. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is a wholly owned subsidiary of Dover Corp that operates
at the stock exchange NYSE under ticker symbol "DOV". |
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Management: |
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Paul Brauss, Chief Executive Officer Mike Howard, CFO James H Lambright, President |
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 representative, who refused to provide us any
financial data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2010(Consolidated from mother company) |
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Turnover |
7,132,648,000 |
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Operating Income |
1,034,937,000 |
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Net Income |
700,000,000 |
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Current Assets |
3,261,871,000 |
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Fixed Assets |
251,006,000 |
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Net worth |
4,526,562,000 |
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Liabilities |
4,036,332,000 |
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Legal Fillings |
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There are 60 UCC files listed with the
Secretary of State of Missouri. There were lawsuits found against the
company: Jay Packing Group, Inc. v. Mark Andy,
Inc. Filed: December 10, 2010 as 4:2010mc00763
Updated: January 24, 2011 22:57:56 Last Document Filed: December 10, 2010 Plaintiff: Jay Packing Group, Inc.
Defendant: Mark Andy, Inc. Saxon, Inc. v. Mark Andy, Inc. Filed: May 14, 2010 as 2:2010cv11967
Updated: May 18, 2010 01:33:45 Plaintiff: Saxon, Inc. Defendant: Mark Andy, Inc. Judge: Marianne O Battani Cause Of Action: Patent Infringement 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 Low 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 65
years. It has a staff of 500 employees which makes it a medium sized company. The person contacted refused to provide us
with any financial information. Therefore the financial information showed
belongs to its mother company. There were two different lawsuits found
against the company; one of them was related to a patent Infringement. We suggest then, working with GUARANTEES. |
SUMMARY
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Profitability |
LOW |
Public Records |
YES |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Female representative |
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Comments |
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She refused to provide us with her name or any information about the
company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.