MIRA
INFORM REPORT
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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MERIT BRASS CO |
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Registered Office : |
1 Merit Dr, Cleveland, OH, 44143-1457,
Cuyahoga County |
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Country : |
United States |
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Date of Incorporation : |
1937 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of steel tubes and Wholesale of other household goods |
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No. of Employees : |
250 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name and address
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Merit Brass Co |
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Employees: |
250 |
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Company Type: |
Private Independent |
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Incorporation
Date: |
1937 |
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Financials in: |
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Reporting
Currency: |
US Dollar |
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Annual Sales: |
64.5 |
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Total Assets: |
NA |
Business Description
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Merit Brass Company was founded as Perfection
Nipple in 1937. The company manufactured iron and steel nipples, brass
furnace coils and special steel nipples. After World War II, Perfection
Nipple expanded its manufacturing to include brass and copper nipples as well
as distribution of gas-stove connectors, air filters and plumbing tools. The
company name changed to Merit Brass in 1963. The company manufactures
stainless steel, brass, chrome-plated brass, aluminum pipe nipples and
special nipples in various lengths and types of machined ends. In addition,
Merit Brass offers stainless steel pipe, valves and fittings, cast brass
fittings, flanges and pipe. The company serves the United States and Canada
from locations in Cleveland, Dallas, and Sparks, Nev. |
Industry
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Industry |
Retail (Home
Improvement) |
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ANZSIC 2006: |
4231 - Hardware
and Building Supplies Retailing |
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NACE 2002: |
5244 - Retail
sale of furniture, lighting equipment and household articles not elsewhere
classified |
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NAICS 2002: |
444190 - Other Building
Material Dealers |
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UK SIC 2003: |
5244 - Retail
sale of furniture, lighting equipment and household articles not elsewhere
classified |
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US SIC 1987: |
5211 - Lumber
and Other Building Materials Dealers |
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Profit & Loss Item Exchange Rate: USD 1 = USD 1
Balance Sheet Item Exchange Rate: USD 1 = USD 1
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Industry
Codes
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ANZSIC 2006 Codes: |
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2299 |
- |
Other Fabricated Metal Product
Manufacturing Not Elsewhere Classified |
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3739 |
- |
Other Goods Wholesaling Not Elsewhere
Classified |
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4231 |
- |
Hardware and Building Supplies Retailing |
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3332 |
- |
Plumbing Goods Wholesaling |
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NACE 2002 Codes: |
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5147 |
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Wholesale of other household goods |
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5154 |
- |
Wholesale of hardware, plumbing and
heating equipment and supplies |
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2722 |
- |
Manufacture of steel tubes |
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2913 |
- |
Manufacture of taps and valves |
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5244 |
- |
Retail sale of furniture, lighting
equipment and household articles not elsewhere classified |
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NAICS 2002 Codes: |
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423990 |
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Other Miscellaneous Durable Goods Merchant
Wholesalers |
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444190 |
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Other Building Material Dealers |
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332996 |
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Fabricated Pipe and Pipe Fitting
Manufacturing |
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423720 |
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Plumbing and Heating Equipment and
Supplies (Hydronics) Merchant Wholesalers |
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332913 |
- |
Plumbing Fixture Fitting and Trim Manufacturing |
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US SIC 1987: |
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5099 |
- |
Durable Goods, Not Elsewhere Classified |
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5211 |
- |
Lumber and Other Building Materials
Dealers |
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3498 |
- |
Fabricated Pipe and Pipe Fittings |
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5074 |
- |
Plumbing and Heating Equipment and Supplies
(Hydronics) |
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3432 |
- |
Plumbing Fixture Fittings and Trim |
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UK SIC 2003: |
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2722 |
- |
Manufacture of steel tubes |
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2913 |
- |
Manufacture of taps and valves |
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5244 |
- |
Retail sale of furniture, lighting equipment
and household articles not elsewhere classified |
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5147 |
- |
Wholesale of other household goods |
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5154 |
- |
Wholesale of hardware, plumbing and
heating equipment and supplies |
Business
Description
|
Merit Brass Company was founded as
Perfection Nipple in 1937. The company manufactured iron and steel nipples, brass
furnace coils and special steel nipples. After World War II, Perfection
Nipple expanded its manufacturing to include brass and copper nipples as well
as distribution of gas-stove connectors, air filters and plumbing tools. The
company name changed to Merit Brass in 1963. The company manufactures
stainless steel, brass, chrome-plated brass, aluminum pipe nipples and
special nipples in various lengths and types of machined ends. In addition,
Merit Brass offers stainless steel pipe, valves and fittings, cast brass
fittings, flanges and pipe. The company serves the United States and Canada
from locations in Cleveland, Dallas, and Sparks, Nev. |
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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.55.77 |
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1 |
Rs.86.74 |
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Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.