MIRA INFORM REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
HUNTERDON TRANSFORMER CO. |
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Registered Office : |
75 Industrial Drive, Alpha, New Jersey 08865 |
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Country : |
United States |
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Year of Establishment : |
1958 |
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Com. Reg. No.: |
4838875000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of magnetic devices |
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 : |
100,000 USD |
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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: |
Hunterdon Transformer Co |
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Address in the order: |
75 Industrial Drive Alpha Nj 08865 |
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Legal Name: |
HUNTERDON TRANSFORMER CO. |
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Legal Address |
75 Industrial Drive, Alpha, New Jersey 08865, USA |
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Operative Address |
75 Industrial Drive, Alpha, New Jersey 08865, USA |
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Telephone: |
(908) 454-2400 |
Registration Number : |
4838875000 |
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Fax: |
(908) 454-6266 |
Legal Form: |
Corporation for Profit |
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Email: |
info@hunterdontransformer.com |
Registered in: |
New Jersey |
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Website: |
www.hunterdontransformer.com |
Date Created: |
1958 |
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Manager: |
Mark Brock - President |
Date Incorporated: |
N.A. |
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Staff: |
103 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacturer of magnetic devices |
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BANKS
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Name of the Bank |
TEAM CAPITAL BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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The subject designs and manufactures magnetic devices. Its products are used for various applications, including billet
heating, melting, surface hardening, semiconductor crystal growers, laser
power supplies, welding power supplies, solid block industrial transformers,
pure copper windings, integral water cooling, vacuum encapsulated, plasma
energy torches, testing and research, metallizers, cap sealers, silicon
carbide processing, fiberglass manufacturing, and furnaces. |
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Products/Services description: |
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It offers variable reactance, auto, isolation, workhead, potential,
current, and medium frequency transformers; and AC and DC, and phase
balancing reactors. It also provides chokes, DC power supplies, furnace coils, and
water-cooled leads. |
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Sales are: |
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Wholesale |
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The subject employs 103 employee(s) |
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LOCATION |
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Headquarters |
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75 Industrial Drive, Alpha, New Jersey 08865, USA |
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Surface area: |
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45,000 sq. ft. |
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Branches: |
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It rents 35,000 square feet of additional production and warehousing
space situated in Phillipsburg, NJ. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Despite our long searches it has not been possible to identify the
shareholders. The person contacted at the company refused to provide that
information on grounds of confidentiality. |
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Management: |
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Mark Brock - President Peter Droelle - Vice President/Treasurer Richard McCabe - Vice President, Engineering Carol Liotta - Vice President, Sales and Marketing Doug Johnson - Mechanical Engineer/Quality Coordinator Don MacMillan - Sales Engineer Audrey Alexander - Sales Support/Customer Service Megan Piperato - Sales Support/Customer Service Melissa Olexa - Sales Support/Customer Service Theresa Mack - Human Resource Manager Bob Bronish - Senior Draftsman/Repairs & Returns Joe Hindak - Draftsman Lois Velasco - Production Scheduling Sandi Conklin - Shipping Coordinator |
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Related Companies: |
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Subsidiary: TORELCO |
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 |
20 to 50 million |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of New Jersey. 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
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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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The subject has about 53 years experience
in the business. It is a medium size company. No adverse record has been found. A credit line may be considered. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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ADVISED CREDIT |
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100,000 USD |
APPENDIX
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Comments |
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The person contacted refused to provide any information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.