Prospector
Profile
07.1084
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| Cooper-Standard Automotive, Inc. |
NAICS |
336399 |
| 39550 Orchard Hill Place
Novi, MI 48375 |
Description |
Auto Parts Mfg. |
| (248) 596-5900 |
Employees |
13605 |
| http://www.cooperstandard.com/ |
Revenue |
(mil) |
2164.2600 |
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Income |
(mil) |
-8.4200 |
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Assets |
(mil) |
1911.4300 |
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Liability |
(mil) |
1590.7200 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Moody's Investors Service affirmed its Caa1, LGD5, 86% rating on Cooper-Standard Automotive, Inc.'s guaranteed senior subordinated unsecured notes due Dec. 2014. The rating outlook was changed to stable from negative. Moody's noted that the rating reflects the company's pro forma high leverage, moderate interest coverage, and acquisitive nature.
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Intellectual Property:
The Company holds over 300 patents related to its products. The patents cover both products, such as the ENVIsys active control system, the Daylight Opening Module and our Engineered Stretched Plastics, and specific manufacturing processes, such as plastics-to-aluminum overmolding process. The Company considers each of these patents to be of value and seek to protect its rights throughout the world against infringement. [SEC Filing S-1 05-03-05]
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Description:
The Company manufactures automotive sealing systems, fluid systems, vibration control systems, and related components. The company's products include hoses, sensors, engine mounts, and weatherstripping.
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Officers:
James S. McElya (Chair & CEO); Edward A. Hasler (Pres. & COO); Allen J. Campbell (VP & CFO)
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Auditor:
Ernst & Young LLP
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Notes:
The financial information presented is that of holding company Cooper-Standard Holdings, Inc.
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