MIRA INFORM REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
STRUTZ FABRICATORS, INC. |
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Registered Office : |
440 Mars-Valencia Rd, Mars Pa 16046-0209 |
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Country : |
United States |
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Date of Incorporation : |
01.03.1973 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Glass making and working machinery manufacturers |
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 70,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
Sturtz International |
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Address in the order: |
440 Mars Valencia Road P O Box No 509 Mars PA 16046 0209 |
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Legal Name: |
STRUTZ FABRICATORS, INC. |
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Trade Name: |
Strutz Intl Div Strutz Carl Co; Sturtz International |
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Legal Address |
440 MARS-VALENCIA RD, MARS PA 16046-0209, USA |
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Telephone: |
724 625 1501 |
Entity Number : |
345990 |
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Fax: |
724 625 3570 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Pennsylvania |
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Website: |
Date Created: |
1950’s |
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Manager: |
CARL J STRUTZ President |
Date Incorporated: |
march ,1,1973 |
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Staff: |
20-49 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Glass making and working machinery manufacturers |
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BANK
Name of the Bank Wells Fargo
BUSINESS
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HISTORY |
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In the early 1950s Carl Strutz Sr., a German immigrant and his two
sons, Frank and Carl Jr. began operation of a small machine shop near
Pittsburgh, Pennsylvania. They provided customers with job shop machining and
custom assembly services. The company incorporated in 1953 as Strutz
Fabricators, Inc. In the early 1960s, Strutz Fabricators developed the CS100, the first
STRUTZ automatic glass decorator. |
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PRINCIPAL ACTIVITY |
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-Machining and Fabricating: The company offer quality machining, repair, reverse engineering, and
special design and assembly services. -Machine Building: They build machinery for rugged construction and high quality. -Engineering |
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Products/Services description: |
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Glass decorating Glass Making Machining and Fabricating |
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Operations area: |
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National |
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The subject employs 20 to 49
employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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Single Location |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Owned By the Strutz family. |
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Management: |
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Carl Strutz, Jr. - President Frank Strutz, Jr. - Director Jim Strutz - Director Cliff Strutz - General Manager John Zwigart - Engineering Manager |
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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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 |
$5 to 10 million |
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Legal Fillings |
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There are no UCC** files listed with the Secretary
of State of Pennsylvania. There are no legal filings listed with the
District Court. The last annual report was filed on 2010. 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 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 is a small company with 8 years of
operation. We did not find any specific adverse
record against the company during the investigation. Its income is just fair for its size. We advise a credit line in the range of
USD 70,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.70.84 |
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Euro |
1 |
Rs.62.96 |
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 |
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NB |
New Business |
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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.