MIRA
INFORM REPORT
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Name :
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PREMIER RIDES INC
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Registered Office :
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1007 E Pratt St
Baltimore, MD
21202-4520
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Country :
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United
States
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Date of Incorporation :
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Not Available
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Legal Form :
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Private Independent
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Line of Business :
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Wholesale of other machinery for use in industry, trade and
navigation
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No. of Employees :
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10
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RATING
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STATUS
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PROPOSED CREDIT LINE
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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Status :
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Moderate
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Payment Behaviour :
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No Complaints
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Litigation :
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Clear
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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
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Previous Rating
(31.12.2011)
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Current Rating
(31.03.2012)
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United States
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A1
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A1
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Risk Category
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ECGC
Classification
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Insignificant
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A1
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Low
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A2
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Moderate
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B1
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High
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B2
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Very High
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C1
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Restricted
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C2
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Off-credit
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D
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Company name and address
Premier Rides Inc
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1007 E Pratt
St
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Baltimore, MD 21202-4520
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United
States
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Tel:
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410-923-0414
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Fax:
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410-923-3157
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Toll Free:
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800-988-7433
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www.premier-rides.com
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Employees:
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10
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Company Type:
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Private Independent
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Financials
in:
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USD (mil)
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Reporting Currency:
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US Dollar
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Annual Sales:
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3.5
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Total Assets:
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NA
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Business
Description
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Premier Rides is dedicated to supplying the leisure industry with the
highest caliber of amusement rides and attractions available. Our passion for
innovation and high ethical standards helps us create maximum thrills while
providing an unequaled commitment to guest safety superior customer service
unsurpassed levels of quality and precision craftsmanship in all areas of
ride design fabrication installation and service. Premier Rides is the
industry leader in innovation. We were the first to introduce the Linear
Induction Motor (LIM) roller coaster. Our creative team continues to
introduce breakthrough new products such as the Liquid CoasterTM which
provides the thrills of a coaster with the chills of a water ride in one
attraction.
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Industry
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Industry
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Business Services
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ANZSIC 2006:
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3419 - Other Specialised Industrial
Machinery and Equipment Wholesaling
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NACE 2002:
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5187 - Wholesale of other machinery for
use in industry, trade and navigation
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NAICS 2002:
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423850 - Service Establishment Equipment
and Supplies Merchant Wholesalers
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UK SIC 2003:
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5187 - Wholesale of other machinery for
use in industry, trade and navigation
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US SIC 1987:
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5087 - Service Establishment Equipment and
Supplies
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Key Executives
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Name
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Title
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Jim Seay
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Owner
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Ben Lovelace
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Engineer
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Cynthia Emerick Whitson
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Engineer
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Peter R Schnabel
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Executive Vice President
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Jim Siemer
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Ride Construction
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1 - Profit & Loss
Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Location
1007 E Pratt St
Baltimore, MD, 21202-4520
Baltimore City County
United States
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Tel:
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410-923-0414
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Fax:
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410-923-3157
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Toll Free Tel:
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800-988-7433
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Sales USD(mil):
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3.5
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Assets USD(mil):
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NA
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Employees:
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10
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Industry:
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Business
Services
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Company Type:
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Private
Independent
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Quoted Status:
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Not Quoted
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Owner:
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Jim Seay
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Industry Codes
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ANZSIC 2006 Codes:
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3419
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-
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Other Specialised Industrial Machinery and Equipment
Wholesaling
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NACE 2002 Codes:
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5187
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-
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Wholesale of other machinery for use in industry, trade and
navigation
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NAICS 2002 Codes:
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423850
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-
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Service Establishment Equipment and Supplies Merchant
Wholesalers
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US SIC 1987:
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5087
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-
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Service Establishment Equipment and Supplies
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UK SIC
2003:
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5187
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-
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Wholesale of other machinery for use in industry, trade and
navigation
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Business Description
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Establishments primarily engaged in the wholesale distribution
of equipment and supplies for barber shops, beauty parlors, power
laundries, drycleaning plants, upholsterers, undertakers, and related
personal service establishments.
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More
Business Descriptions
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Premier Rides is dedicated to
supplying the leisure industry with the highest caliber of
amusement rides and attractions available. Our passion for innovation
and high ethical standards helps us create maximum thrills while
providing an unequaled commitment to guest safety superior
customer service unsurpassed levels of quality and precision
craftsmanship in all areas of ride design fabrication installation
and service. Premier Rides is the industry leader in innovation.
We were the first to introduce the Linear Induction Motor (LIM)
roller coaster. Our creative team continues to introduce
breakthrough new products such as the Liquid CoasterTM which provides
the thrills of a coaster with the chills of a water ride in one
attraction.
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Financials in:
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USD(mil)
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Revenue:
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3.5
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1 Year
Growth
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NA
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Location
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1007 E
Pratt St
Baltimore, MD 21202-4520
United States
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County:
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Baltimore City
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MSA:
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Baltimore, MD
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Phone:
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410-923-0414
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Fax:
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410-923-3157
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Toll Free:
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800-988-7433
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URL:
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http://premier-rides.com
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ABI©:
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370389249
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Annual Sales:
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$3,460,000 (USD)
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Employees:
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10
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Facility Size(ft2):
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10,000 - 39,999
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Business Type:
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Private
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Location Type:
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Single Location
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Primary Line of Business:
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SIC:
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5087-47
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NAICS:
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423850 - Service Establishment Equip Merchant Whols
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Secondary Lines of Business:
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Similar Businesses in the Area *
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Tri-County
Amusements
1805 Albert Rill Rd
Hampstead, MD 21074-1024
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QSA Inc
2100 Crystal Dr
Ste: 625
Arlington, VA
22202-3789
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Larry
Sheets Players Family
519 Old Westminster Pike
Westminster, MD 21157-6278
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Maryland
Services Inc
5728 Industry Ln
Frederick, MD 21704-5187
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Vo LLC
6806 Eastern Ave
Baltimore, MD 21224-3001
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Pulseworks
LLC
601 Independence Ave SW
Washington, DC 20560-0001
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B J's
Amusement Sales & Services
401 S Eaton St
Baltimore, MD 21224-2604
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Game-Time
Amusements
12213 Distribution Pl
Beltsville, MD 20705-1407
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Royal
Flush Amusement
6400 Ridge Rd Ste: 202
Eldersburg, MD 21784-5959
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Area 51
Rentals
6429 Arlington Blvd
Falls Church, VA
22042-3133
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*
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Similar Businesses are defined as the closest businesses sharing the
same six-digit primary SIC code ( 5087-47) regardless of size.
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Executives Report
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Owner
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Chief Executive Officer
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Biography
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Jim Seay is the innovative President of Premier Rides the preeminent
roller coaster designer and manufacturer in the world. Mr. Seay was
named President of Premier Rides in 1996 after joining the company in
1995 as Executive Vice President of Engineering. As president and sole
owner of the firm his business philosophy centers on innovation quality
and superior customer service. Under his leadership Premier Rides has
created and introduced numerous award-winning high-tech roller coasters
and family oriented rides including the Liquid Coaster' and the Linear
Induction Motor (LIM) Launch Coaster as well as traditional roller
coasters Ferris wheels and custom designed attractions. Prior to
joining the company Mr. Seay explored the outer limits of flight
technology as a project engineer for Hughes Aircraft. He shifted to the
amusement ride arena in 1988 and spent the next seven years as an
engineering and maintenance executive at Six Flags Theme Parks. Mr.
Seay is on the Board of Directors of the Amusement Industry
Manufacturers and Suppliers International (AIMS) and serves as Vice
Chairman of the American Society of Testing and Materials (ASTM) F24
Ride Safety Standards Committee . In addition he serves as an industry
representative to the Recreation Access Board which focuses on
providing ride access to people with disabilities and is an active
fundraiser for the childrens charity Give Kids the World. Mr. Seay
earned a BS in Mechanical Engineering from Cornell
University in Ithaca New
York and received his MS in Engineering at
California State University Long Beach .
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Engineer
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Engineering/Technical Executive
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Biography
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Ben Lovelace is an Engineer and Project Director for Premier
Rides. He has over 20 years experience working on projects as varied as
small deep diving submarines and electro-hydraulic manipulator arms to
design oversight and integration management of all structural
mechanical and electrical subsystems for high profile state-of-the-art
roller coasters. Ben has gained extensive experience from the numerous
years he spent with Universal Studios in Orlando
directing engineering managers and technical coordinators in the
procurement design fabrication installation and testing of rides and
shows for Super
Hero Island
inclusive of The Amazing Adventures of Spider-Man. He was also the
President of E-Tec Inc. in West
Palm Beach whos corporate engineering
capabilities included mechanical hydraulic structural and electrical
system design as well as precision machine work sheet metal forming
welding fiberglass lay-up and electrical and mechanical assembly. Ben
holds a BS in Engineering an MS in Business Administration and an MS in
Mechanical Engineering.
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Engineer
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Engineering/Technical Executive
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Biography
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Cindy Emerick is a project engineer for Premier Rides and is now
managing the service and support department for the company. She has
over 10 years experience as an engineer with her specialty in material testing.
She has worked in the theme park industry since 1993 and has overseen
the manufacturing procurement and installation of many world-class
attractions including The Manhattan Express Roller Coaster and New York-New York Hotel and Casino in Las Vegas the Viper Roller Coaster at Six Flags
Great Adventure in New Jersey and
Speed the Ride in Las Vegas.
Cindy was also the project manager supervising the design manufacturing
installation and testing of Premier Rides revolutionary new wooden
roller coaster trains on the world-record setting Son of Beast wood
coaster at Paramounts Kings Island
in Ohio.
Cindy managed the team that implemented the lap bar restraint upgrades
on Premiers LIM coasters across the country. Cindy is now in charge of
service for Premier Rides. She will be working with parks on upgrading
and servicing all attractions. She has recently been appointed to the
Ride Safety Advisory Council for the State of Ohio and part of the Ohio Water Park
Safety Committee
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Executive Vice President
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Other
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Biography
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Peter R. Schnabel founder and Executive Vice President of
Premier Rides is well-known and widely respected in the amusement industry.
He currently serves as senior advisor on special projects and continues
to consult on various company-related issues. Schnabel has more than 25
years of experience in sales and marketing of amusement rides. He is
the former president of Intamin and worked with Universal on the
introduction of numerous amusement attractions including the Back to
the Future ride component and the E.T. ride component. Peter was also
the responsible authority for the manufacturing and delivery of more
than 300 large rides for leading parks in the United States
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Ride Construction
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Other
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Biography
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Jim Siemer is responsible for the supervision of all ride
construction and also works as a liaison between Premier Rides the
theme parks and local inspectors. Previously he spent nearly six years
with TOGO International Inc. in Cincinnati
and has been in general construction for over 30 years. He has now been
a part of the Premier Rides team and has been part of over a dozen
roller coaster installations.
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Currency
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Unit
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Indian Rupees
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US Dollar
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1
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Rs.53.72
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UK Pound
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1
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Rs.86.98
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Euro
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1
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Rs.70.64
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RATING
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STATUS
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PROPOSED CREDIT LINE
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>86
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Aaa
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Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums
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Unlimited
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71-85
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Aa
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Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums
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Large
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56-70
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A
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Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums
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Fairly Large
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal
commitments.
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Satisfactory
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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11-25
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Ca
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Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity
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Limited with
full security
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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--
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NB
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New Business
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--
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This score serves as a reference to assess SCs 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.
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