MIRA INFORM REPORT
|
Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PEDDINGHAUS CORPORATION |
|
|
|
|
Registered Office : |
2711 Centerville Road Suite 400, Wilmington, New Castle, De |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
04.05.1977 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Machine Tool Technology Provider |
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 30,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
|
Currency: 100.00 USD = 68.78 EUR |
IDENTIFICATION
|
Ordered as: |
Peddinghaus Corporation |
||
|
Address in the order: |
300 N, Washigton Avenue, Bradley, IL-60915-1600 |
||
|
|
|
||
|
Legal Name: |
PEDDINGHAUS CORPORATION |
||
|
|
|
||
|
Legal Address |
2711 CENTERVILLE ROAD SUITE 400, WILMINGTON, NEW CASTLE, DE, USA
(incorporators) |
||
|
Operative Address |
300 North Washington, Bradley, IL 60915, USA (headquarters) |
||
|
Telephone: |
815-937-3800 |
ID : |
0837927 |
|
Fax: |
815-937-4003 |
Legal Form: |
Corporation for Profit |
|
Email: |
info@peddinghaus.com |
Registered in: |
Delaware |
|
Website: |
http://www.peddinghaus.com |
Date Created: |
1903 |
|
Manager: |
Carl G Peddinghaus, Chief
Executive Officer |
Date Incorporated: |
May 4th, 1977 |
|
Staff: |
250 |
Stock: |
NA |
|
SIC Code : |
331201 |
Value: |
NA |
|
Activity: |
Machine tool technology provider |
||
BANKS
|
Name of the Bank |
FIRST ALLIANCE BANK |
|
Location |
PO BOX 307 HAMPSHIRE IL |
BUSINESS
|
HISTORY |
|
|
|
The company was created in 1903. From the beginning, Peddinghaus Corporation established itself as a
company based on quality in all aspects of operations. Paul C. Peddinghaus assumed management of his father's company in
1930. While he maintained the production of their original products, he
encouraged his employees to create products that would meet the new needs of
their ever-growing clientele. In 1974, Paul C. passed the reins to his son, Dr. Carl U. Peddinghaus,
who guided the firm through years of growth and who was integral in the
development of the Peddinghaus benchmark products for structural steel
fabrication: the CNC beam drill and saw lines. 2001 saw the introduction of the fourth generation to Peddinghaus
Management. Carl G. “Anton” Peddinghaus (US) and Julia C. “Cilla” Peddinghaus
(Germany) continue the family tradition by creating the best tools for the
21st century fabrication industry. |
|
PRINCIPAL ACTIVITY |
|
|
|
Manufactures and supplier of machine tool technology |
|
Products/Services description: |
|
|
|
Peddinghaus Corporation manufactures and supplies machine tool
technology products for structural steel and plate fabrication requirements
to the steel construction, heavy plate fabrication, and related metal working
industries in the United States and internationally. Its products include band saws for structural fabricators; various
rugged machines; drill line, structural angle line, hydraulic ironworker, and
beam drill line products; material handling systems for structural steel shop
installations; and plate processing systems, structural band saws, and
structural burning systems. The company also provides various used products; and spare parts, as
well as training, field service support, remote diagnostic assistance, and
support services. |
|
Sales are: |
|
|
|
Wholesale |
|
Operations area: |
|
|
Trade references: |
National, International We were unable to confirm the company’s trade references with the
staff. |
|
The company export to worldwide |
|
|
The subject employs 250 employee(s) |
|
|
PAYMENTS |
|
|
|
To be monitored |
|
Branches: |
|
|
|
It offers its products through a network of distributors in North
America, Latin America, Europe, and Africa |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company. The Peddinghaus family is the main
shareholder. |
|
Management: |
|
|
|
Carl G Peddinghaus, Chief Executive Officer Michael Sharp, President Brian Lundmark, IT Executive Greg Kubick, Finance Executive |
|
Related Companies: |
|
|
|
Affiliated: Peddinghaus Corporation of South Carolina 20 Peddi Lane, Andrews, South Carolina 29510, USA Peddinghaus Corporation U. K. Limited Unit 6 Queensway Link Industrial Estate Stafford Park 17, Telford TF3 3DN, Shropshire, UK Paul Ferd. Peddinghaus GmbH Hasslinghauser Strasse 156, 58285 Gevelsberg, GERMANY Peddinghaus Espanola S. A. Apartado 569, 01080 Vitoria, SPAIN Peddinghaus Latin America |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted the company, who refused to provide us any
financial data without knowing the name of the inquiring party. |
|
However our financial sources could provide us with the following data
(estimates): |
|
Currency |
DATE |
|
USD |
2010 |
|
Turnover |
$10 to 20 million |
|
Currency |
DATE |
|
USD |
2009 |
|
Turnover |
22,600,000 |
|
The cash flow is |
NORMAL |
|
Legal Fillings |
|
There are 2 UCC** files listed with the
Secretary of State of Delaware. Filing Number: 016145157 Filing Date: 04-01-2011 Secured Party: QUALITY TOOLS & ABRASIVES, INC. Filing Number: 015298324 Filing Date: 05-24-2010 Secured Party: CISCO SYSTEMS CAPITAL CRP 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 a medium sized American company,
which employs 250 people and has 108 years of experience in the market. The company is evolving in a medium sector
of activity. We suggest monitoring for the business
length of payment and a follow up in general on the structure. A credit line may be considered for USD
30,000 and a review within 8 months to see if the business is on a positive
trend and eventually review the business’ credit line. |
SUMMARY
|
|
|
||
|
Profitability |
MEDIUM |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Comments |
|
|
|
We contacted the company, the person couldn’t verify the financial
information, and informed the person who could provide the information wasn’t
at the office at that time. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.