MIRA INFORM
REPORT
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Report Date : |
11.06.2011 |
IDENTIFICATION DETAILS
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Name : |
THE COLEMAN COMPANY INC |
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Registered Office : |
Corporation Trust Center
1209 Orange Street - Wilmington - New Castle - DE 19801 |
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Country : |
United States |
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Date of Incorporation : |
17.12.1991 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
manufactures and markets outdoor recreation products |
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 1,000,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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: |
The Coleman Company |
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Address in the order: |
3600 N Hydraulic Wichi Kansas 67219 |
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Legal Name: |
The Coleman Company INC |
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Legal Address |
Corporation Trust Center
1209 Orange Street - Wilmington - New Castle - DE 19801 - USA (Registered
agent address) |
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Operative Address |
3600 North Hydraulic Wichita, KS 67219 United States (Headquarters) |
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Telephone: |
+1 (316) 832-2700 |
ID : |
2282086 |
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Fax: |
+1 (316) 832-3060 |
Legal Form: |
Corporation for Profit |
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Email: |
info@coleman.com |
Registered in: |
Delaware |
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Website: |
www.coleman.com |
Date Created: |
1900 |
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Manager: |
Mr. Sam Solomon, CEO |
Date Incorporated: |
December, 17th. 1991 |
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Staff: |
3690 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The Coleman Company, Inc.
manufactures and markets outdoor recreation products. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK, N.A. |
BUSINESS
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HISTORY |
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The company was founded
in 1900 and is based in Wichita, Kansas. |
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PRINCIPAL ACTIVITY |
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The Coleman Company, Inc.
manufactures and markets outdoor recreation products. |
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Products/Services description: |
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Its product line includes lanterns, tents,
sleeping bags, coolers, and airbeds. The company’s products include lighting
products, hot water systems, cordless appliances, furniture, stoves, life
jackets, towables, boats and kayaks, outdoor fireplaces, mosquito control
refills, backpacks, grills, and cargo carriers. It offers its products
through stores in the United States, as well as online. |
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Sales are: |
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Wholesale |
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Clients: |
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The company serves
various markets, including family and extreme camping, backyard recreation,
and hiking and tailgating. |
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Suppliers: |
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The person contacted
refused to provide the name of the suppliers for us to check trade
references. |
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Operations area: |
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National |
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The subject employs 3690
employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is
headquartered at the address listed above. |
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Comments on location: |
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It is incorporated in
Delaware due to tax purposes. |
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Branches: |
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The company has several
branches in the US, as well as manufacturing facilities in Europe. |
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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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This is a private
company. The Coleman Company, Inc. operates as a subsidiary of Jarden Corp.
(NYSE: JAH ) 555 Theodore Fremd Avenue Suite B-302 Rye, NY 10580 United States Phone: 914-967-9400 Fax: 914-967-9405 Website:
http://www.jardencorp.com |
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Management: |
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Mr. Sam Solomon, CEO and
President Mr. W. C. Coleman,
Founder Mr. Daniel Hogan, CFO Mr. Gerald E. Brown,
Executive Vice President |
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Related Companies: |
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Abu AB (Sweden) Dicon Global Inc. (Canada) Electrónica BRK de Mexico, S.A. de C.V. (Mexico) Camping Gaz (Suisse) SA
(Switzerland) Detector Technology
Limited (China) (Among many others) |
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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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We have contacted the
operator of the company, who refused to provide us any financial data
without knowing the name of the inquiring party. |
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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 (Consolidated with parent company) |
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Turnover |
6,022,700,000 |
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Operating Income |
407,300,000 |
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Net Income |
106,700,000 |
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Current Assets |
3,370,800,000 |
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Net worth |
1,820,500,000 |
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Liabilities |
5,272,500,000 |
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The cash flow is |
Normal |
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Comments on the financial data: Please, notice that the financial figures are consolidated with those
of the parent company, JARDEN CORP. (NYSE:JAH). |
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Legal Fillings |
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There several UCC** files
listed with the Secretary of State of Kansas and Delaware. There are no legal filings listed with the District Court. The last annual report was filed on 12/2010. 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 big sized American company which employs 3690 employees and
has 111 years of experience in the market. There were no legal filings found against the company or its legal
representatives. It is a subsidiary of Jarden Corp. (NYSE:JAH). The subject is established. A credit line may be considered for USD 1,000,000. To fully secure the credit line granted, we suggest calling the parent
company.- |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted
refused to provide us any information on grounds of confidentiality. |
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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.44.72 |
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UK Pound |
1 |
Rs.72.93 |
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Euro |
1 |
Rs.64.72 |
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.