Attachment 1
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Report
Update On |
12th November, 1999 |
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Report on |
ADVANTA INVESTMENT INTERNATIONAL
INC. |
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Registered Office |
3808 Gunn Hwy, Unit C, Tampa, FL 53634, U.S.A. |
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Tel. No. |
813 269-0438 |
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Fax No. |
813 269-0439 |
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E-Mail |
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Telex |
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Attachment 2
S U M M A R Y
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Incorporated |
1999 |
Status |
Satisfactory |
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Registration No. |
P99000039639 |
Chief Executive |
Mr. Sam Weinstein |
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Capital |
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Payments |
Not Known |
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Sales |
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Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
17 |
Auditors |
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Credit Rating |
B (See attachment 3) |
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IDENTIFICATION
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Company Name |
ADVANTA INVESTMENT INTERNATIONAL, INC. |
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Address |
3808 Gunn Hwy, Unit C Tampa, FL 33634 |
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Telephone |
813 269-0438 |
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Facsimile |
813 269-0439 |
EXECUTIVE SUMMARY
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Legal Form |
Corporation – Private |
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Date Founded |
1999 |
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Major
Shareholder |
Mr. Sam Weinstein |
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Employees |
17 |
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Highest Credit
Reported |
Not Available |
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Person
Contacted |
Mr. Sam Weinstein - President |
LEGAL
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Legal Form |
Corporation - Private |
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State of
Incorporation |
FL |
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Date of
Incorporation |
04/28/99 |
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Date of
Founding |
1999 |
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Status |
ACTIVE |
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Number |
P99000039639 |
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Registered
Agent |
WANIS SAMIR S 4216 CARTNAL AVENUE TAMPA, FL 33624 |
The Secretary of the State reported no name changes as of the date of this report.
The registered agent, whether an individual or corporation, performs the functions associated with incorporating the Company such as preparing the documentation required by the state. The registered agent also acts for the Company in the function of accepting service of process, e.g, receiving any legal communications affecting the Company and transmitting these to the officers of the Company.
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Managers |
Mr. Sam Weinstein / President Dr. Sam Wanis / Vice President Dr. Alboroughs / Vice President |
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Owners |
Mr. Sam Weinstein
. . . . . . . . . . . . . . Partial Dr. Sam Wanis
. . . . . . . . . . . . . . . . Partial Dr. Alboroughs
. . . . . . . . . . . . . . . Partial |
There are several other silent partners, which remain just that, and do not have any direct correlation with the operations of the Subject.
RELATED COMPANIES
The Company declined to comment on the existence of Related Companies.
HISTORY
See notes in BUSINESS DESCRIPTION for general background on Company.
CURRENT OPERATIONS
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NAICS Code |
52599 |
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SCIAN Code |
5242 |
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Primary SIC |
6726 |
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Business |
Founded as AMB EXCELLENCE INC. in 1985, the San
Francisco based operation was involved in supplying emergency related
products to ambulance, police & fire services. In 1991 the Company changed its name to MAXWELL EXPORT
and began changes in its entire operations. The Subject purchased farms in
Argentina and five sugar mills in Brazil. By 1999 the Company had changed its
line of business to investing in the properties located in other countries.
They are now expanding their activities and are in the process of looking for
two more sugar mills. As MAXWELL EXPORT in 1991 the Company grossed 356
million. As ADVANTA INVESTMENTS, the Company has already grossed 450 million. |
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Total number
of employees |
17 |
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Facility size |
unknown |
The sole location is at the above noted address.
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Mailing
Address |
4216 CARTNAL AVENUE TAMPA, FL 33624 |
YEAR 2000 COMPLIANCE
The Company did not comment on the issues below.
1. Q: Whose responsibility is Year 2000 compliance? (name/position)
2. Q: When do you expect to be Year 2000 compliant?
3. Q: Does your Company have a budget, deemed sufficient, to make you Year 2000 compliant before 12/31/99?
4. Q: Have you sought information regarding Year 2000 compliance among your suppliers and your customers?
FINANCIAL FIGURES
All figures are reported in USD.
The Company would not disclose any detailed financial information when contacted. A written request was forwarded to Mr. Sam Weinstein, President. To date no correspondence has been received in return.
From an industry analysis of 4 companies in the same SIC code as the subject (6726), we have estimated the sales of subject to be in the range $162,800,000 to $201,100,000.
INDUSTRY ANALYSIS
The following chart compares the Subject Company to other companies within its industry (6726 - INVESTMENT OFFICES NEC) and within its size range (1-20 employees).
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Industry Based on |
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Industry |
Subject's Size |
Subject |
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Number of Companies |
5 |
4 |
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Avg No of Employees |
29 |
6 |
17 |
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Avg Sales (in '000) |
$1,656,320 |
$70,400 |
$N/A |
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Revenue per Employee |
$57,114,483 |
$11,264,000 |
$N/A |
Please note that this industry analysis is based on businesses in the United States and is provided only as a comparison. In some cases, the subject's geographical location and variations from the Standard Industrial Classification codes (SIC) will affect the resulting figures.
BANK
CITIBANK
111 Wall St
New York, NY
Tel: 800 285-3000
Fax: 212 357-8249
Account Manager : Verification of Deposit
We have contacted the CITIBANK help line at the bank which stated that the bank requires signed authorization, account number and type of account, from the Company allowing the release of any account information. We have sent the Company a request form to sign and forward to the bank but have not received a response.
PAYMENT HISTORY
Due to the Company's size and/or business activity, no significant trade experience and/or payment habits have been reported.
TRADE REFERENCES
*
The Company declined trade references when contacted. We have forwarded a written request but have not received a response.
PUBLIC RECORD
We have found no record of judgments or tax liens against the Company in the state of Florida.
A statewide search of bankruptcy courts revealed no record of a Company by this name filing for bankruptcy.
Attachment 3
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SCORE
SHEET |
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SCORE |
CREDIT
RATING |
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. Maybe drawn to slightly difficult position as
unfavourable conditions arise. Minimal assurance for timely payment on
interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
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Company’s Stamp &
Signature