MIRA INFORM REPORT

 

 

Report Date :

29.07.2011

 

IDENTIFICATION DETAILS

 

Name :

M&R SALES AND SERVICE, INC.

 

 

Registered Office :

2711 Centerville Road Suite 400 Wilmington  De,19808

 

 

Country :

United States

 

 

Date of Incorporation :

23.12.1994

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Manufacturer of screen-printing equipment for the graphic and textile industries

 

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 900,000.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

The address given by the client is the Production Facility Address.

The Legal and others operative addresses are listed below.

Legal Name:

M&R SALES AND SERVICE, INC.

Trade Name:

M&R Companies

Legal Address:

 

 

 

Operative Address:

2711 CENTERVILLE ROAD SUITE 400

WILMINGTON 

DE,19808

USA

1 North 372 Main Street

Glen Ellyn, IL 60137-3576

USA

 

 

Telephone:

+ 1 (630)-858-6101

File Number :

2461334

Fax:

+ 1 (630) 858-6134

Legal Form:

Corporation for Profit

Email:

dave.blake@mrprint.com

Registered in:

Delaware

Website:

www.mrprint.com

Date Created:

1985,

Manager:

Richard Hoffman  President

Date Incorporated:

December, 23, 1994

Staff:

400

Stock:

NA

 

 

Value:

NA

Activity:

Manufacturer of screen-printing equipment for the graphic and textile industries

 

 

BANKS

 

Name of the Bank

COLE TAYLOR BANK

 

Name of the Bank

MB FINANCIAL BANK

 

Name of the Bank

LASALLE BANK NATIONAL ASSOCIATION

 

Name of the Bank

BANK OF AMERICA

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

HISTORY

 

M&R Sales was founded in 1985 Just one year later, M&R began manufacturing manual presses. In the late 1980’s, M&R built Challenger, its first automatic textile press. Challenger quickly dominated the market. Graphic presses followed in 1992. Eventually, M&R went on to become the world's largest manufacturer of screen printing equipment, a position it holds to this day. M&R remains heavily invested in advanced technology, earning numerous patents and keeping the company in the forefront of innovative design and rapid product development. Today, M&R produces a wide array of screen printing equipment at facilities in Glen Ellyn and Niles, Illinois, USA and in Wojnicz, Poland. M&R has distributors and support operations throughout the world.

Is headquartered in Glen Ellyn, Illinois.

 

PRINCIPAL ACTIVITY

 

Manufactures screen printing equipment that include manual and automatic presses, dryers and cure units, and ancillary equipment for the graphic and textile industries.

 

 

Products/Services description:

 

The company’s products include:

Processor II E

Discovery

Sportsman

Acoma Flash

Operations area:

 

National, International

Trade References:

 

Despite our efforts we were unable to confirm any trade reference.

The subject employs 400 employee(s)

PAYMENTS

 

regular

Comments on location:

 

Its Corporate Headquarters are located in Glen Ellyn, Illinois,but they have other offices at:

 

Anaheim, California

Niles, Illinois

Niles, Illinois

Farmingdale, New York

Hong Kong, China

 

They also have another production plant in Poland



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company operates as a subsidiary of M&R Holding Inc.

Management:

 

Richard Hoffman  President

David Blake Intl Sales manager

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

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

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.

 

Currency

DATE

 

USD

2010

 

Turnover

60,000,000

 

 

Legal Fillings

 There are several recent UCC** files listed with the Secretary of State of Delaware.

 

 

Filing Number:  2010 3645516

Filing Date:  10-19-2010

Secured Party:  COLE TAYLOR BANK

Debtor:  M & R PRINTING EQUIPMENT, INC.

 

 

 

 

Filing Number:  2008 2687299

Filing Date:  08-06-2008

Secured Party:  MB FINANCIAL BANK, N.A.

Debtor:  M&R SALES AND SERVICE, INC.

 

 

 

 

Filing Number:  2007 2620465

Filing Date:  07-11-2007

Secured Party:  LASALLE BANK NATIONAL ASSOCIATION

Secured Party Address:  135 S LA SALLE ST

Debtor:  M & R SALES AND SERVICE, INC.

 

 

 

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 records 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 big company with more than 25 years of operations.

 

The Turn over is correct for the company size.

 

We did not find any adverse situation against the company during our investigation.

 

We suggest a credit line for USD 900,000.

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.12

UK Pound

1

Rs.72.05

Euro

1

Rs.63.33

 

 

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.