MIRA INFORM REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
MCM IND CO INC |
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Registered Office : |
16192 Coastal Highway, Lewes, De, 19958 |
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Country : |
United States |
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Date of Incorporation : |
03.04.1986 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer and supplier of Bearings, Roller Chains, Castings |
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 : |
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: |
MCM IND Co Ing |
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Address in the order: |
Cleveland Divisoon, Cleveland OH 44105 |
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Comments on data supplied: |
The address you provided is the company's warehouse. |
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Legal Name: |
MCM IND CO INC |
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Trade Name: |
MCM Industries |
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Legal Address |
16192 COASTAL HIGHWAY, LEWES, DE, 19958, USA (Registered Agent) |
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Operative Address |
25825 Science Park Drive, Beachwood, Ohio 44122, USA |
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Telephone: |
+ 1 (216) 292-4708 /(216) 292-4506 |
ID : |
2087561 |
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Fax: |
+ 1 (216) 292-4506 / 216) 292-4730 |
Legal Form: |
Corporation for Profit |
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Email: |
dcolosi@mcmindustries.com |
Registered in: |
Delaware |
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Website: |
http://www.mcmindustries.com |
Date Created: |
NA |
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Manager: |
Gloria Reljanovic - CEO |
Date Incorporated: |
April 03, 1986 |
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Staff: |
45 employees |
Stock: |
3,000 |
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Value: |
No par value |
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Activity: |
Manufacturer and supplier of Bearings, Roller Chains, Castings. |
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BANKS
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Name of the Bank |
JPMORGAN CHASE BANK |
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Name of the Bank |
STAR BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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Manufacturer and supplier of Bearings, Roller Chains, Castings. The company imports products from all over the world. |
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Products/Services description: |
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Bearings, Roller Chains, Castings, Caps and Plugs, Springs, Forgings,
Stampings & Multislide, Machined Products, Wire Forming |
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Sales are: |
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Wholesale |
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Clients: |
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Industries: Agriculture, lawn and garden, automotive, household appliances, food
preparation |
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Operations area: |
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National |
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The company imports from UK |
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The subject employs 50 employee(s) |
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PAYMENTS |
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To be monitored. |
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Branches: |
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Manufacturing and Warehouse 7800 Finney Avenue Cleveland, Ohio 44105, USA Office and Warehouse 16401 South Frontage Rd Oak Forest, Illinois 60452 |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company and Mike Reljanovic is one of the main
shareholders |
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Management: |
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Gloria Reljanovic - CEO Mike Reljanovic - President Donald Colosi - Vice President Nick Colosi - Vice President Mirko Zlojutro- Plant Manager/
QMR Jeff Ochmann - Controller Gary Ward - Purchasing |
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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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Every time we tried to contact the company we were transferred into a
voicemail and nobody has called us back |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2007 |
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Turnover |
3,800,000 |
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The cash flow is |
Correct |
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Comments on the financial data: The company's turnover for 2010 is
believed to be in the same range with the one listed above. |
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Legal Fillings |
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There are UCC files listed with the Secretary of
State of Ohio. There are no legal filings listed with the District Court. For information: 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 balanced credit
rate. The company is not in Good Standing. This
means that some local and federal taxes were not paid on due date. |
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Final Opinion |
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This is a medium size company. The subject’s income is really medium for
the company’s size. Payments need monitoring. We suggest working with guarantees and a
follow up to assess the company’s evolution. We updated the company’s rating according
to our new rating scale. |
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SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
MEDIUM |
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APPENDIX
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Comments |
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Answering machine |
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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.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
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.