| Business Summary | | Rankin
Automotive
Group,
Inc.
is
a
specialty
supplier
and
retailer
of
automotive
replacement
parts,
tools,
supplies,
equipment
and
accessories
to
Professional
Installers,
DIY
customers,
and
Independent
Auto
Parts
stores.
The
Company's
stores
carry
an
extensive
product
line
of
hard
parts
including
brakes,
belts,
hoses,
filters,
cooling
system
parts,
tune-up
parts,
shock
absorbers,
gaskets,
batteries,
bearings,
engine
parts,
remanufactured
alternators
and
starters,
chassis
parts
and
exhaust
systems.
In
addition,
the
Company
carries
maintenance
items,
such
as
oil,
antifreeze,
fluids,
engine
additives
and
appearance
products;
accessories,
such
as
floor
mats
and
seat
covers;
automotive
tools
and
professional
service
equipment.
In
April
2001,
the
Company
filed
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RAVEQ
is
a
specialty
supplier
and
retailer
of
automotive
replacement
parts,
tools,
supplies,
equipment
and
accessories
to
both
professional
installers
and
DIY
customers.
For
the
nine
months
ended
11/30/00,
revenues
fell
30%
to
$66.4
million.
Net
loss
totaled
$11.6
million
vs.
an
income
of
$1.8
million.
Revenues
reflect
reduced
same
store
sales
and
the
closure
of
certain
operations.
Loss
also
reflects
$4.3
million
in
losses
on
the
sale
and
closure
of
operations. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Randall Rankin, 50 Chairman
and CEO | $182K | Ali Attayi, 55 Pres,
COO | 309K | Terry Bryden, 45 Sr.
VP- Operations | 137K | David Epstein, 45 Sr.
VP of Purchasing | 108K | Steven Saterbak, 46 VP,
Treasurer | -- | Dollar amounts are as of 29-Feb-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|