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| MCE Companies, Inc. |
| 310 Dino Drive, Ann Arbor, MI 48103 * (734) 426-1230 |
| Business Description | The company designs, manufactures and markets a broad range of devices, components and subsystems that are used throughout mobile and fixed wireless infrastructure equipment and related test equipment applications. |
|
Filing Information Not yet | |||
| To Trade As | MCEI (NASNTL) | Industry | Manufacturing (SIC 3679) |
| Type of Stock Offered | Common Shares | Filing Date | 7/27/00 |
| Domestic Shares Filed | 5,500,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $66,000,000 |
| Company Shares | 5,500,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 29,877,680 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Deutsch Banc Alex. Brown | Lead Manager | (410) 727-1700 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | 6/30/99 | 6/30/00 |
| Revenues | 5.282 | 35.332 | 65.418 | 61.764 | 64.647 | 29.579 | 46.141 |
| Income from Oper. | 1.017 | 3.423 | 9.896 | -1.171 | 0.728 | 2.146 | 5.432 |
| Net Income | 0.373 | 1.195 | -0.955 | -4.457 | -1.891 | 0.271 | -0.130 |
| E.P.S | 0.030 | 0.050 | -0.080 | -0.240 | -0.120 | 0.000 | -0.020 |
| Revenue Growth (%) | 568.91 | 85.15 | -5.59 | 4.668 | 55.99 | ||
| Net Income Growth (%) | 220.38 | - | - | - | - | ||
| Oper. Profit Margin (%) | 19.25 | 9.69 | 15.13 | - | 1.13 | 11.77 | 7.26 |
| Net Profit Margin (%) | 7.06 | 3.38 | - | - | - | - | 0.92 |
| Cash Flow - Oper. | 1.22 | 1.13 | 1.19 | ||||
| Cash Flow - Inv. | -11.20 | -1.37 | -1.16 | ||||
| Cash Flow - Fin. | 10.03 | 0.28 | -0.01 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 78.80 | Current Assets | 35.09 | Current Ratio | 1.41 |
| Total Liab. | 78.04 | Current Liab. | 24.85 | Debt Ratio | 99.04% |
| Total Equity | 0.75 | Working Cap. | 10.24 | Debt to Equity Ratio | 103.51 |
| Cash | 0.19 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness, redeem preferred stock and for working capital and general corporate purposes, including acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Dykema Gossett PLLC |
| Bank's Law Firm | Hale and Dorr |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Timbertop Investments II, Limited Partnership | 13.40 | |
| National City Capital Corporation | 9.40 | |
| Hanifen Imhoff Mezzanine Fund | 4.20 | |
| Rocky Mountain Mezzanine Fund II, LP | 1.30 | |
| Note: represents ownership of 5% or more prior to the offering. | ||