MIRA INFORM REPORT

 

 

Report Date :

05.01.2011

 

IDENTIFICATION DETAILS

 

Name :

REXNORD INDUSTRIES, LLC

 

 

Registered Office :

4701 W Greenfield Ave - Milwaukee , WI 53214

 

 

Country :

United States 

 

 

Date of Incorporation :

05.08.1988

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Power transmission, bearing, aerospace, and specialty components manufacturer and marketer

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 1,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Ordered as:

Rexnord Industries LLC

Address in the order:

4701, W. Greenfield Avenue Milwaukee, Wisconsin-53214

 

 

Legal Name:

Rexnord Industries, LLC

 

 

Legal Address

Corporation Trust Center 1209 Orange Street - Wilmington - New Castle - DE - USA (Incorporators)

Operative Address

4701 W Greenfield Ave - Milwaukee , WI 53214 - USA (Headquarters)

Telephone:

(414) 643-3000

ID :

2168721

Fax:

(414) 643-3078

Legal Form:

Limited Liability Company

Email:

NA

Registered in:

Delaware

Website:

http://www.rexnord.com/Pages/Home.aspx

Date Created:

1988

Manager:

Mr. Todd Addams, President and CEO

Date Incorporated:

August, 5th. 1988

Staff:

4,800

Stock:

NA

 

 

Value:

NA

Activity:

Power transmission, bearing, aerospace, and specialty components manufacturer and marketer

 

 

BANKS

 

Name of the Bank

CITIBANK, N.A.

Name of the Bank

DEUTSCHE BANK TRUST COMPANY AMERICAS

 

BUSINESS

 

HISTORY

 

The company was created in 1988

PRINCIPAL ACTIVITY

 

Power transmission, bearing, aerospace, and specialty components manufacturer and marketer

Products/Services description:

 

It offers backstops, bearings, buckets, chains/belts, conveyor components, couplings, elevators and conveying equipment, etc. The company also provides spring-set (power-off) motor brakes, electrically set (power on) clutches and brakes, etc.

 

The company offers mechanical and materials engineering services, such as test and evaluation, mechanical shock and vibration, aerospace testing, etc.

 

The company was incorporated in Delaware due to taxs purposes. However, it is headquartered in Wisconsin

Sales are:

 

Wholesale

Brands:

 

Duralon, Link-belt, Cartriseal, PSI, Stearns, Marbett, MCC, Falk, Addax, TableTop, Berg, Zurn, Fontaine, Rudney Hunt, etc.

Clients:

 

Professionals of the industry, mainly: space

Construction, Energy, Food & Beverage, Hydropower

Manufacturing, Mining, Municipal Waterworks, Petrochemical, Wind Energy

 

Operations area:

 

National, International

The subject employs 4,800 employee(s)

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The Legal Address Of The Company Is CORPORATION TRUST CENTER 1209 ORANGE STREET - WILMINGTON - NEW CASTLE - DE - USA.

 

However, it is headquartered at: 4701 W Reenfield Ave - Milwaukee, WI 53214 - USA

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company.

 

Rexnord Industries, LLC is a subsidiary of Rexnord Holdings, Inc.

 

 

Management:

 

- Mr. Todd Addams (Chief Executive Officer and President)

- Mr. George C. Moore (Chief Financial Officer and Executive Vice President)

- Mr. Christopher Baak (Vice President of Human Resources) 

Related Companies:

 

RBS Global, Inc.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

A previous agent could find the following information:

 

Currency

DATE

USD

2009

Turnover

1,882,000,000

The cash flow is

Normal

 

Comments on the financial data: We spoke with the operator of the company, who provide us with Mr. Danas Sherkus telephone in order to get further financial information. We left him a message in his voicemail because he was off the office

Legal Fillings

 There are several UCC** files listed with the Secretary of State of Wisconsin

 

There are no legal filings listed with the District Court.

 

 

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

 

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.

 Final Opinion

 

This is big sized American company which employs 6,200 persons and has 23 years of experience in the market.

 

A credit line may be consider for USD 1,000,000

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

 

 

 

 

 

 

APPENDIX

 

Position

 

Operator of the company

Comments

 

She provide us with the name of the current President and CEO of the company, but she stated she couldn't give us any further information on grounds of confidentiality. So she gave us this telephone number (414) 937-4044, which belongs to Mr. Danas Sherkus. She said he might be helpful for us, so we called him, but he was unavailable. We left him a message in his voicemail in order to get further information.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.84

UK Pound

1

Rs.69.32

Euro

1

Rs.59.79

 

 

RATING EXPLANATIONS

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.