MIRA INFORM
REPORT
|
Report Date : |
14.05.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
GERBER SCIENTIFIC INTERNATIONAL INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
31.10.1968 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Integrated automation
equipment and software |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Gerber Technology Inc |
||
|
Address in the order: |
24, Industrial Park Road West, Tolland, CT 06084 New York, United
States |
||
|
Comments on data supplied: |
Dear client, The name provided is that of the former legal name of the company. Its
current legal name is: GERBER SCIENTIFIC INTERNATIONAL, INC. |
||
|
Legal Name: |
GERBER SCIENTIFIC INTERNATIONAL INC (DBA Gerber Technology Inc) |
||
|
Trade Name: |
Gerber Technology Inc |
||
|
Legal Address |
|
||
|
Operative Address |
|
||
|
Telephone: |
(860) 871-8082 |
ID : |
0019289 |
|
Fax: |
(860) 871-6007 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
NA |
|
|
Manager: |
Mr. John R. Hancock, President |
Date Incorporated: |
October, 31st. 1968 |
|
Staff: |
1950 (at group level) |
Stock: |
150000 |
|
|
|
Value: |
$1 par value |
|
Activity: |
Integrated automation equipment and software |
||
BANKS
|
Name of the Bank |
CITIZENS BANK OF |
BUSINESS
|
PRINCIPAL ACTIVITY |
|
|
|
Integrated automation equipment and software |
|
Products/Services description: |
|
|
|
The company offers printing equipment, software, and aftermarket
supplies to sign makers, screen printers, and to the die making, short run, and
sample making segments of the packaging industry. Its products comprise inkjet and thermal printing solutions, plotters
and routers, and computer-aided design (CAD) and computer-aided manufacturing
(CAM) cutting systems and software; design and production software;
aftermarket supplies, such as color foils, adhesive-backed vinyls, banner
materials, and inks for inkjet printers. (Among others) |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of the industry. |
|
Suppliers: |
|
|
|
The person contacted refused to provide the name of the suppliers for
us to check trade references. |
|
Operations area: |
|
|
|
International |
|
The subject employs 1950 (at group level) employee(s) |
|
|
PAYMENTS |
|
|
|
made on a 30 days basis - monitored over the last 12 months |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at: |
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company which belongs to "GERBER SCIENTIFIC,
INC." |
|
Management: |
|
|
|
Mr. John R. Hancock, President Mr. Bernie Demko, Chief Operating Officer Mr. Hal Osthus, President of Composites & Automation Solutions Mr. Bill Brewster, President of Software Solutions |
|
Related Companies: |
|
|
|
These are the company's subsidiaries: Gerber Scientific International Limited Gamma Computer Tech Co., Ltd. Gerber Technology SA de CV Gerber Technology GmbH Gerber Technology NV/SA Gerber Technology, Ltd. Gerber Scientific International A/S Gerber Scientific International – Sistemas Computorizados, Lda Gerber Scientific ( Gerbertec Maroc SARL Gerber Scientific International Pte., Ltd. Gerber Coburn Optical International, Inc. Gerber Scientific UK, Ltd. Gerber Scientific International ( The company's sister company is: "Spandex Ltd." |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted Silvia Martinez, from the accounting
department, who refused to provide us any financial data without knowing
the name of the inquiring party. |
|
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 (consolidated with mother company) |
|
Turnover |
458,355,000 |
|
Operating Income |
7,400,000 |
|
Net Income |
(1,458,000) |
|
Net worth |
158,206,000 |
|
Liabilities |
193,671,000 |
|
The cash flow is |
|
|
Legal Fillings |
|
There
are several UCC** files listed with the Secretary of State of Connecticut. There are no legal filings listed with the
District Court. The last annual report was filed on Sep
21, 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 ** 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 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
|
Local credit bureau gave a Low 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 an American company which was
incorporated in It has a staff number of 1,950 at group
level, which makes it a large sized company. There were no legal filings found against
the company or any representative. This is a wholly owned subsidiary company
of "GERBER SCIENTIFIC, INC.", a publicly traded company at NYSE,
under ticker symbol: "GRB". Due to a NEGATIVE net income for the
mother company, we strongly suggest working with GUARANTEES. |
SUMMARY
|
|
|
||
|
Profitability |
NEGATIVE |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Silvia Martinez |
|
Position |
|
|
|
Accounting department |
|
Comments |
|
|
|
The person contacted provided us with the following data: President Bank Operation area Payments to suppliers |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
|
1 |
Rs.73.06 |
|
Euro |
1 |
Rs.64.03 |
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 |
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.