MIRA INFORM REPORT
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Report Date : |
10th May 2006 |
IDENTIFICATION DETAILS
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Name : |
HORIZON
BEVERAGE COMPANY, INC |
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Registered Office : |
80 Stockwell Drive Avon, Massachusetts 02322,
United States |
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Date of Incorporation : |
14/12/1933 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Engaged
as an importer and distributor of wines, beers, and spirits |
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: HORIZON
BEVERAGE COMPANY, INC.
Address: 80
STOCKWELL DRIVE
City: AVON
State/Province: MASSACHUSETTS
Zip Code: 02322
Country: UNITED
STATES
Telephone: 508
587-1110
Facsimile: 508
587-2714
Legal Form: Corporation
- Private
Website: www.horizonbeverage.com
@rating Opinion:
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 600
Business Activity:
The Firm is engaged as an
importer and distributor of wines, beers, and spirits.
NOTE TO CLIENT
Please note that the exact
legal name of the Firm is: HORIZON BEVERAGE
COMPANY, INC., not Horizon
Beverage Co., as was ordered.
Person Contacted: Mr. Fred Mark, Financial Controller
Mr. Mark declined to
comment. A written inquiry was sent and
if it is returned, any new information will be immediately forwarded.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 14/12/1933
State/Province of
Incorporation: MA
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
The exact name of the
Domestic Profit Corporation:
HORIZON BEVERAGE COMPANY,
INC.
The name was changed from:
BROCKTON WHOLESALE BEVERAGE
CO on 6/4/1999
Mergered with : CAPITAL DISTRIBUTING COMPANY, INC. on 10/31/2003
Mergered with : CRAY-BURKE CO., INC. on 10/31/2003
Entity Type: Domestic Profit Corporation
Identification Number:
041123650
Date of Organization in Massachusetts: 12/14/1933
Current Fiscal Month /
Day: 10 / 31
Previous Fiscal Month /
Day: 11 / 30
The location of its principal
office in Massachusetts: No. and Street:
80 STOCKWELL DR.
City or Town: AVON
State: MA
Zip: 02322
Country: USA
The name and address of the
Registered Agent:
Name: MICHAEL
EPSTEIN
No. and Street: 80 STOCKWELL DRIVE
City or Town: AVON
State: MA
Zip: 02322
Country: USA
Managers/Key Personnel
Mr. Robert L. Epstein President
Mr. James L. Rubenstein Treasurer
Mr. Arthur Epstein Director
AFFILIATED ENTITIES
There is a division called
Horizon Beverages, Ultra Division which
distributes wine and spirits to Maine, Vermont, and New Hampshire at the
following address:
10 Dunklee Rd
Bow, NH 03304-3305
Phone: 603 225-9700
http://www.horizon-ultra.com/
There are no known
affiliates.
The Firm has no known
subsidiaries.
BANKS
MA
Telephone:
Facsimile:
Account Number:
Account Manager:
Although the primary bank
could not be confirmed with the Firm, Crown Credit Company was listed as a
secured party in the public record.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BLDG MATRL 06-04 06-04 VARIED 200
100 100 0 0 0 0
CUST 1 YR
BUS SERVCS 06-04 00-00 NET 7 3500
2700 100 0 0
0 0
COMPUTERS 06-05 06-04 0000000 134400
5800 0 85
0 15 0
DP EQUIP 06-04 02-06 NET 30
0 0 0 0 0
0 0
INDUS SUPL 06-04 06-04 NET 30 3800
2600 90 10 0 0
0 CUST 2 YR
MACH DISTR 06-04 06-04 1/10N30 6800 6800
81 19 0 0 0
CUST 14 YR
MEAT PROD 06-03 00-00 NET 30
2000 0 0
0 0 0 0 CUST
1 YR
PETROLEUM 06-04 06-03 VARIED
3000 2400 100 0
0 0 0 CUST 9 YR
TEMP HELP 06-02 00-00 NET 7
600 0 0
0 0 0 0
TELECOM 06-03 00-00 NET 30
25400 25400 100 0
0 0 0
TELECOM 06-03 06-02 NET EOM 19200
0 0 0
0 0 0 CUST 5 YR
TELECOM 06-04 00-00 NET 30
64700 200 23
0 0 0 77 DISPUTE
TRANSPORTN 06-03 05-12 NET 15 100
0 0 0
0 0 0
AIR TRANS 05-07 00-00
300 0 0
0 0 0 0
AIR TRANS 03-11 02-12 NET 30 0 0 0 0 0
0 0 SATSFTRY
AUTO ACCES 03-05 00-00 NET 30 0
0 0 0
0 0 0
BANK 03-05 00-00 NET 30
0 0 0
0 0 0 0 ACCTCLOSED
ELEC MFG 04-03 03-11 NET 30 800 0 0
0 0 0 0
FOOD DISTR 04-12 04-11 NET14 5100
4600 0 100 0
0 0
LEASING 06-03 00-00 CONTRCT 500
0 0 0
0 0 0
LEASING 05-09 00-00 CONTRCT 12100
0 0 0
0 0 0
PACKAGING 05-12 05-11 NET 30
2300 2300 100 0
0 0 0
PETROLEUM 04-10 00-00 VARIED
3500 3000 100 0
0 0 0 PROMPT
SOAP 05-12 00-00 2/10N30 500
200 100 0 0
0 0
TELECOM 06-03 06-03 NET 30
19200 0 0
0 0 0 0
CUST 6 YR
CURRENT QUARTER 263700 46000
84 14 0 2 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- ---
-------- --- --- --- --- ---
20060400 0 3 6 45000 74 19
7 0 0
20060300 0 3 6 50300 63 37
0 0 0
20060200 0 2 6 40800 79 12
9 0 0
20060100 0 2 3
39100 81 19 0 0
0
20051200 0 2 1 31500 94 6
0 0 0
20051100 0 5 6 40500 62 38
0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2006 6 45300 71 24 5
0 0
Fourth
2005 3 37100 78 22 0
0 0
Third
2005 10 69100 33 67 0
0 0
Second
2005 5 28400 68 32 0
0 0
First
2005 3 19700 82 18 0
0 0
FINANCIAL INFORMATION
A written inquiry was sent to
the Firm. If it is returned, any new
information will be immediately forwarded.
CURRENT OPERATIONS
NAICS Code: 4228
Beer, Wine, and Distilled Alcoholic Beverage Whole
Number of Employees: 600
Business Activity:
The Firm is engaged as an importer
and distributor of wines, beers, and spirits.
Brands include: Jagermeister,
Grey Goose, Jack Daniels, Kahlua, Dewar's, Makers Mark, Beefeater, Heineken,
Harpoon, Grolsch, Seagram's, and Amstel Light.
The above listed location is
believed to be the headquarters of the Firm and
consists of 300,000 square
feet of warehouse space, 50,000 square feet of which is refrigerated. The Firm also operates a branch at the
following location:
84 Westover Road
Ludlow, MA 01056
Telephone: 413 583-7845
Facsimile 413 583-7850
PUBLIC RECORD
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY, INC.
80 STOCKWELL DRIVE
AVON, MA 02322
State: MASSACHUSETTS
Corp-Number: NONE
Corp-Type: CORPORATION
History: DATE FILING#
DOCUMENT SUMMARY
10/3/2001 200105838340 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY, INC.
SECD: CROWN CREDIT COMPANY
--------------------------------------------------------------------------------
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY, INC.
80 STOCKWELL DRIVE
AVON, MA 02322
State: MASSACHUSETTS
Corp-Number: NONE
Corp-Type: CORPORATION
History: DATE FILING#
DOCUMENT SUMMARY
10/3/2001 200105839680 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY, INC.
SECD: CROWN CREDIT COMPANY
--------------------------------------------------------------------------------
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY INC.
80 STOCKWELL DR
AVON, MA 02322
State: MASSACHUSETTS
Corp-Number: none
Corp-Type: CORP
History: DATE FILING#
DOCUMENT SUMMARY
2/4/2002 200208826460 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY INC.
SECD: CROWN CREDIT COMPANY
--------------------------------------------------------------------------------
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY, INC.
80 STOCKWELL DR.
AVON, MA 02322
History: DATE FILING#
DOCUMENT SUMMARY
6/3/2003 200321195070 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY, INC.
SECD: CROWN CREDIT COMPANY
--------------------------------------------------------------------------------
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY, INC.
80 STOCKWELL DR.
AVON, MA 02322
History: DATE FILING#
DOCUMENT SUMMARY
6/12/2003 200321456180 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY, INC.
SECD: IOS CAPITAL, LLC
--------------------------------------------------------------------------------
Name Searched: HORIZON
BEVERAGE COMPANY INC.
Debtors: HORIZON BEVERAGE
COMPANY, INC.
80 STOCKWELL DRIVE
AVON, MA 02322
State: MASSACHUSETTS
Corp-Number: NONE
Corp-Type: CORPORATION
History: DATE FILING#
DOCUMENT SUMMARY
12/29/2005 200544543410 TYPE:
UCC-1 ORIGINAL
DEBT: HORIZON BEVERAGE
COMPANY, INC.
SECD: CROWN CREDIT COMPANY
--------------------------------------------------------------------------------
There was no record of any
tax liens, bankruptcies, or legal actions involving the Firm.
GENERAL COMMENTS
Incorporated in 1933 in
Massachusetts, Horizon Beverage Company, Inc. is engaged as an importer and
distributor of wines, beers, and spirits.
The Financial Controller declined to provide an informative management
interview and outside sources could not add any insight into the condition of
the Firm. 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 |