Attachment 1
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Report
Update On |
31st July, 1999 |
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Report on |
PURAFIL, INC. |
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Registered Office |
2654 Weaver Way, Doraville, GA 30340, U.S.A. |
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Tel. No. |
770 662-8545 |
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Fax No. |
770 263-6922 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
S U M M A R Y
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Incorporated |
1969 |
Status |
Satisfactory |
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Registration No. |
J 308249 |
Chief Executive |
Mr. William Weiller |
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Capital |
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Payments |
Slow but correct |
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Sales (US$) |
20,000,000 |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
65 |
Auditors |
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Credit Rating |
A (See attachment 3) |
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IDENTIFICATION
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Company Name |
PURAFIL, INC. |
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Address |
2654 Weaver Way Doraville, GA 30340 |
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Telephone |
770 662-8545 |
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Facsimile |
770 263-6922 |
EXECUTIVE SUMMARY
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Legal Form |
Corporation - Private |
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Date Founded |
1962 |
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Major
Shareholder |
unknown |
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Employees |
65 |
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Highest Credit
Reported |
$ 59,300 |
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Person
Contacted |
Ms. Barbara Harris - Controller |
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Financial Data
in '000 USD |
1997 |
1998 |
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Sales |
19,000 |
20,000 |
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Income |
N/A |
N/A |
LEGAL
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Legal Form |
Corporation - Private |
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State of
Incorporation |
GA |
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Date of
Incorporation |
08/28/69 |
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Date of
Founding |
1962 |
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Status |
Active-In Compliance |
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Standing
Status |
In Good Standing |
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Registered
Agent |
Robert Burkholder 2654 Weaver Way Doraville, Georgia 30340 |
Annual Report
Last Report Filed 02/22/1999
Corporation Number J308249
Managers Mr. William Weiller / Chairman of the Board
Mr. Robert Burkholder / Chief Financial Officer
Mr. James Mash / Vice President
Mr. Robert McField / Vice President of Operations
Mr. David Nicholasm / Vice President Sales
RELATED COMPANIES
No Parent, Subsidiaries nor Divisions
There are related companies, the Subject declined to disclose any names or address.
HISTORY
The Company was founded in 1962.
Throughout the years the Company has received many awards including WORLD TRADE 100 AWARD in 1992, GWININETT COUNTY EXPORTER OF THE YEAR in 1995 AND ATLANTA'S FASTTECH 50 AWARD in 1992,1993,1994 and 1995.
Mr. William Weiller, Chairman of the Board, is a graduate of COLUMBIA UNIVERSITY.
CURRENT OPERATIONS
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NAICS Code |
335999 |
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SCIAN Code |
335999 |
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Primary SIC |
3699 |
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Business |
The
Company operates as a manufacturer of air purification systems. These systems
are designed to improve overall air quality and reduce energy costs. Systems
are primarily used by industrial and commercial businesses such as office buildings,
airports, schools, hospitals and museums. Distribution
is international. |
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Total number
of employees |
65 approx. |
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Facility size |
unknown |
The sole location is at the above noted address.
YEAR 2000 COMPLIANCE
1. Q: Whose responsibility is Year 2000 compliance?
A: The Company declined to identify the responsible party.
2. Q: When do you expect to be Year 2000 compliant?
A: The Company declined to provide a time frame for when it expects to become Year 2000 compliant.
3. Q: Does your Company have a budget, deemed sufficient, to make you Year 2000 compliant before 12/31/99?
A: The Company declined to comment.
4. Q: Have you sought information regarding Year 2000 compliance among your suppliers and your customers?
A: The Company declined to comment.
FINANCIAL FIGURES
Fiscal Year End : 10/31 All figures in thousand USD
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Proj. |
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10/31/97 |
10/31/98 |
10/31/99 |
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INCOME STATEMENT |
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Sales / Revenues |
19,000 |
20,000 |
20,000 |
The Company reported a profit for the past two years, but declined to disclose any additional financial information.
INDUSTRY ANALYSIS
The following chart compares the Subject Company to other companies within its industry (3699 - ELECTRICAL EQUIPMENT & SUPPLIES NEC) and within its size range (51-100 employees).
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Industry Based on |
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Industry |
Subject's Size |
Subject |
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Number of Companies |
108 |
23 |
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Avg No of Employees |
166 |
74 |
65 |
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Avg Sales (in '000) |
$20,224 |
$10,435 |
$20,000 |
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Revenue per Employee |
$121,473 |
$141,844 |
$307,692 |
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
SUNTRUST
Georgia
Tel: 404 588-8807
Bank Rating : Undisclosed
We have contacted the commercial credit department at the bank which stated the Subject maintains a VISA account, not a checking or savings account. No information regarding the VISA account could be disclosed.
PAYMENT HISTORY
A total of 32 trade lines have been reported under the subject's name for a total balance owing of $ 24,400.
The subject currently pays its invoices 12.7 days past due on average. The reported payment analysis from the subject's industry is between 9 and 10 days. Today, the subject is paying its invoices slower than the industry average.
The highest reported amount of credit is $ 59,300 and the average amount reported is $ 763.
This payment data analysis is prepared with only those payment which have been reported. A number of payments executed by subject are not reported.
PAYMENT SUMMARY TABLES
Latest 6 Months
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Month |
Balance Late |
Days |
Current |
30 Days |
60 Days |
90 Days |
91+ Days |
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Jun 99 |
$ 7300 |
6 |
83% |
6% |
10% |
- |
1% |
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May 99 |
$ 8900 |
23 |
30% |
32% |
37% |
- |
1% |
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Apr 99 |
$ 9600 |
9 |
47% |
52% |
- |
- |
1% |
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Mar 99 |
$ 8200 |
11 |
34% |
65% |
- |
- |
1% |
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Feb 99 |
$ 8000 |
14 |
36% |
50% |
13% |
- |
1% |
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Jan 99 |
$ 5500 |
10 |
48% |
50% |
- |
- |
2% |
Latest 5 Quarters
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Quarter |
Balance Late |
Days |
Current |
30 Days |
60 Days |
90 Days |
91+ Days |
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Q2 99 |
$ 7900 |
12 |
63% |
16% |
20% |
- |
1% |
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Q1 99 |
$ 8600 |
11 |
40% |
55% |
4% |
- |
1% |
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Q4 98 |
$ 14500 |
3 |
87% |
12% |
- |
- |
1% |
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Q3 98 |
$ 17100 |
3 |
85% |
14% |
1% |
- |
- |
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Q2 98 |
$ 15100 |
4 |
79% |
20% |
- |
- |
1% |
PAYMENTS BY INDUSTRY GROUPS
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Industry |
Balance |
Days Late |
# of Vendors |
% of Total |
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GENERAL |
14300 |
8 |
1 |
58.61 % |
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AUTO ACCES |
3100 |
0 |
1 |
12.70 % |
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AIR TRANS |
1700 |
20 |
3 |
6.97 % |
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TRANSPORTN |
1600 |
0 |
3 |
6.56 % |
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PACKAGING |
800 |
0 |
1 |
3.28 % |
High Credit reported : 59300
SECONDARY TRADE PAYMENT
INFORMATION
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Date |
Industry |
High |
Balance |
Days |
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Credit |
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Late |
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Apr 99 |
AIR TRANS |
7100 |
1000 |
34 |
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Apr 99 |
AIR TRANS |
700 |
700 |
1 |
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Oct 98 |
AUTO ACCES |
5800 |
3100 |
0 |
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May 99 |
BLDG MATRL |
2200 |
100 |
0 |
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Jun 99 |
BLDG MATRL |
22300 |
0 |
0 |
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Feb 99 |
BUS SERVCS |
300 |
0 |
0 |
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Jul 98 |
CHEMICALS |
500 |
0 |
0 |
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Jun 99 |
CHEMICALS |
1100 |
100 |
33 |
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Jun 99 |
ELEC DISTR |
37400 |
700 |
0 |
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Jun 99 |
ELEC EQUIP |
100 |
100 |
0 |
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May 99 |
ELEC MFG |
2600 |
100 |
0 |
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Apr 99 |
ELEC SUPLR |
100 |
100 |
0 |
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Jun 99 |
FINCL SVCS |
100 |
0 |
0 |
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Jun 99 |
FINCL SVCS |
3800 |
500 |
15 |
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Mar 98 |
FREIGHT |
100 |
100 |
15 |
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Feb 99 |
FREIGHT |
100 |
100 |
45 |
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Oct 98 |
FRGHT FWRD |
200 |
100 |
15 |
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Dec 98 |
FRGHT FWRD |
400 |
0 |
0 |
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Jan 98 |
GENERAL |
14300 |
14300 |
8 |
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Oct 98 |
PACKAGING |
800 |
800 |
0 |
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Apr 99 |
PLASTICS |
200 |
200 |
73 |
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Jan 99 |
SURG EQUIP |
200 |
100 |
15 |
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May 99 |
TELECOM |
22500 |
300 |
0 |
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Mar 98 |
TRANSPORTN |
200 |
200 |
4 |
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Jul 98 |
TRANSPORTN |
1400 |
1400 |
0 |
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Jun 99 |
TRANSPORTN |
900 |
0 |
0 |
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Jan 99 |
WHLSE TRAD |
59300 |
300 |
22 |
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Jul 99 |
WHLSE TRAD |
4500 |
0 |
0 |
TRADE REFERENCES
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TARGET METALS |
NIX & MILLER |
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Atlanta, GA |
Georgia |
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Tel: 770 921-1702 |
Tel: 770 945-4918 |
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Fax: 770 921-3578 |
Fax: 770 945-0879 |
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Contact: Credit |
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Customer Since: 5/90 |
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Credit Limit: $56,000 |
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Outstanding: $9,022 |
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Terms: Net 30 Days |
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History: Excellent |
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We
contacted the above source which requested a fax. We have sent a fax as well
as a follow up. To date, no response. |
High Credit Utilized:$55,805 |
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Date of last sale:07/26/99 |
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Average DBT:0 |
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PUBLIC RECORD
We have found no record of judgments or tax liens against the Company in the state of Georgia.
A nationwide 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
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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GOOD |
FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature