MIRA INFORM REPORT
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Report Date : |
20th May 2006 |
IDENTIFICATION DETAILS
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Name : |
CUSTOM SYNTHESIS, LLC |
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Registered Office : |
1704 Denver Road, Anderson South Carolina, 29623 United States |
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Date of Incorporation : |
28/05/1996 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged as a manufacturer of custom
chemical blends and reacted intermediates that support the textile, metal
working, paper, cosmetic, automotive, and associated industries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name: CUSTOM SYNTHESIS, LLC
Address: 1704
DENVER ROAD
City: ANDERSON
State/Province: SOUTH
CAROLINA
Zip
Code: 29623
Country: UNITED
STATES
Telephone: 864
261-3067
Facsimile: 864
261-9210
Legal
Form: Corporation - Private
Website: www.customsynthesis.net
@rating
Opinion:
As of:
Sales /
Revenue:
Net
Income:
Total
Equity:
Number
of Employees: 30
Business
Activity:
The Firm
is engaged as a manufacturer of custom chemical blends and
reacted
intermediates that support the textile, metal working, paper,
cosmetic,
automotive, and associated industries.
NOTE TO CLIENT
Person
Contacted: Mr. Drew Fite, Vice
President of Operations
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 28/05/1996
State/Province
of Incorporation: NC
Status:
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
North
Carolina Registration:
Name Custom Synthesis, LLC
Name
Type Legal
Limited
Liability Company Information
SOSID:
0397225
Status:
Current-Active
Date
Formed: 5/28/1996
Citizenship:
Domestic
State of
Inc.: NC
Duration: MAY 2046
Registered
Agent
Agent
Name: Roghelia, Lloyd B.
Registered
Office Address: 331 Burton Avenue
High
Point NC 27262
Registered
Mailing Address: PO Box 2728
High
Point NC 27261
Principal
Office Address: 1704 Denver Rd.
Anderson
SC 29625
Principal
Mailing Address: 1704 Denver Rd.
Anderson
SC 29625
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South
Carolina Registration:
DOMESTIC
/ FOREIGN: Foreign
STATUS:
Good Standing
STATE OF
INCORPORATION / ORGANIZATION: NORTH CAROLINA For Profit
REGISTERED
AGENT INFORMATION
REGISTERED
AGENT NAME: CHARLIE H SMITH JR
ADDRESS:1704
DENVER RD
CITY:
ANDERSON
STATE:
SC
ZIP:
29625 0000
SECOND
ADDRESS:
FILE
DATE: 07/23/1996
EFFECTIVE
DATE: 07/23/1996
DISSOLVED
DATE: 05/31/2046
Managers/Key Personnel
Mr. Walt
Worsham President
Mr. Drew
Fite Vice President
AFFILIATED ENTITIES
The
following companies are affiliated with the Firm through a common
parent:
Ethox
Chemicals, LLC
Dooley
Chemicals, LLC
Piedmont
Chemical Industries I, LLC
Parent Companies
Parent
Company: Piedmont Chemical
Industries, Inc.
NC
UNITED
STATES
There
are no subsidiaries, nor divisions.
BANKS
SC
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
primary bank of the Firm could not be learned.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE
TERMS $ $
% 30 60 90 91+ COMMENTS
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----- ----- ------- -------- -------- --- --- --- --- --- --------
BLDG MATRL
06-04 06-04 VARIED 500 100
100 0 0 0
0 CUST 13 YR
CHEMICALS 06-01 05-12 NET 30 68000 2000 100 0
0 0 0
COMMUN SVC
06-03 00-00 NET 30 3800 1100
100 0 0 0
0 CUST 5 YR
FREIGHT 06-04 06-01 VARIED 300
0 0 0
0 0 0
PACKAGING 06-04 00-00 NET 30 300 0 0
0 0 0 0 CUST
6 YR
SAFTY PROD
06-03 00-00 NET 30 700 0
0 0 0 0 0
CUST 1 YR
TRANSPORTN
06-04 00-00 NET 30 5600 0
0 0 0 0 0
CUST < 1 Y
TRUCK DLR 06-03 00-00 CONTRCT 1200 1200
100 0 0 0
0
AIR TRANS 05-09 05-09 300 0 0
0 0 0 0
AIR TRANS 05-12 00-00 NET 30 1800 1100 100 0
0 0 0 COLLECTION
CONTAINERS
04-03 04-03 NET 30 3900 700
100 0 0 0
0
ELEC MFG 04-03 03-12 NET 30 400
100 100 0 0
0 0
ELEC MFG 04-11 00-00 VARIED 0
0 0 0
0 0 0 CUST 4 YR
FREIGHT 05-08 05-06 VARIED 1500
900 100 0 0
0 0
FRGHT FWRD
05-03 05-01 NET 15 300 100
100 0 0 0
0 SATSFTRY
LEASING 06-04 00-00 CONTRCT 3400 500
100 0 0 0
0 CUST 2 YR
MANUFCTRNG
04-04 04-03 VARIED 3500 900
100 0 0 0
0
RUBR&
PLAST 05-01 05-01 VARIED 2700
2700 100 0 0
0 0 CUST 5 YR
TRANSPORTN
04-01 00-00 VARIED 100 0
0 0 0 0 0
CURRENT
QUARTER 80400 4400
100 0 0 0
0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR
DBT DBT $ % 30 60
90 91+
-------- ---
--- --- -------- --- --- --- --- ---
20060400 0
8 0 5700 100 0 0
0 0
20060300 0
9 0 4400 100 0 0 0
0
20060200 0
9 0 4100 100 0 0 0
0
20060100 0
8 0 8300 100 0 0 0
0
20051200 0
8 0 7400 100 0
0 0 0
20051100 0
8 1 8000 97 0 3
0 0
Payment
History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT
$ % 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First 2006 0
4700 100 0 0
0 0
Fourth 2005 0
7900 99 0
1 0 0
Third 2005 4
3300 90 2
8 0 0
Second 2005 16
3900 57 32
1 0 10
First 2005 5
4100 69 30
1 0 0
FINANCIAL INFORMATION
A
written inquiry was sent to the Vice President of Operations. If it is returned, any new information will
be immediately forwarded.
CURRENT OPERATIONS
NAICS
Code: 325 Chemical Manufacturing
Number
of Employees: 30
Business
Activity:
The Firm
is engaged as a manufacturer of custom chemical blends and
reacted
intermediates that support the textile, metal working, paper,
cosmetic,
automotive, and associated industries.
The
above location is the headquarters and sole location of the Firm and
consists
of 50,000 square feet of owned manufacturing and office spacec.
PUBLIC RECORD
There was
no record of any Uniform Commercial Codes, tax liens, bankruptcy
petitions,
nor legal actions involving the Firm.
GENERAL COMMENTS
Organized
in North Carolina in 1996, Custom Synthesis, LLC is engaged as a
manufacturer
of custom chemicals. The payment record
appears prompt and no derogatory information was reported or noted. The Firm is considered
responsible
for normal business transactions.
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |