Attachment 1
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Report
Update On |
2nd February, 2001 |
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Report on |
AIDP, INC. |
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Registered Office |
2570, Corporate Place # E102, Monterey Park, CA 91754, U.S.A. |
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Tel. No. |
323 262-6699 |
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Fax No. |
323 262-6695 |
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E-Mail |
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Website |
Attachment 2
SUMMARY
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Incorporated |
1996 |
Status |
Satisfactory |
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Registration No. |
C1783143 |
Chief Executive |
Mr. Shihai Li |
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Capital |
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Payments |
Not Available |
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Sales (US$) |
6,000,000 |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
10 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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IDENTIFICATION
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Company Name |
AIDP, INC. |
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Address |
2570 Corporate Place #E102, Monterey Park, CA 91754 |
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Telephone |
323 262-6699 |
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Facsimile |
323 262-6695 |
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Company
Website |
www.aidp.com |
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Email Address |
info@aidp.com |
ANSWERS TO YOUR SPECIFIC
QUESTIONS
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ORDERED NAME |
A I D P, INC. |
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LEGAL NAME |
AIDP, INC. |
EXECUTIVE SUMMARY
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Legal Form |
Corporation - Private |
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Date Founded |
1996 |
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Major
Shareholder |
Mr. Shihai Li |
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Employees |
10 |
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Highest Credit
Reported |
Not Available |
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Person
Contacted |
Ms. Tobi Mok - Accounting Manager |
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Financial Data
in '000 USD |
1999 |
2000 |
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Sales |
6,000 |
6,000 |
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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 |
CA |
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Date of
Incorporation |
05/02/96 |
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Date of
Founding |
1996 |
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Status |
Active |
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Corporate File
Number |
C1783143 |
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Registered
Agent |
Shihai Li |
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2570 Corporate Place #E102 |
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Monterey Park, CA 91754 |
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Managers |
Mr. Shihai Li / President |
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Ms. Tobi Mok / Accounting Manager |
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Owners |
Mr. Shihai Li
. . . . . . . . . . . . . . . . 100% |
RELATED COMPANIES
No Parent Company, Subsidiaries nor Divisions.
HISTORY
The Subject Company was founded by Mr. Shihai Li in 1996. Mr. Li has previous experience in the nutritional industry. Since 1996, the Subject Company has been importing a wide variety of raw materials for the food and vitamin industry around the United States.
CURRENT OPERATIONS
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NAICS Code |
42249 |
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SCIAN Code |
43119 |
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Primary SIC |
5149 |
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Business |
The Company is a wholesaler distributor of raw
materials for the nutraceutical industry. The Company offers the following products: D-Phenylalanine,
Granulated Spirulina, Granulated Glucosamine and Quikosan(tm) Chitosan.
Quikosan(tm), and Kosher botannicals. AIDP, INC. serves dietary supplement manufacturers,
marketing companies and private label companies throughout the United States. The Subject Company imports most of its products
from China, India, and Japan. |
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Total number
of employees |
10 |
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Facility size |
3,000 Square Feet - rented space |
The sole location is at the above noted address.
FINANCIAL FIGURES
Fiscal Year End : 12/31 All figures in thousand USD
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Proj. |
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12/31/99 |
12/31/00 |
12/31/01 |
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INCOME STATEMENT |
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Sales / Revenues |
6,000 |
6,000 |
6,000 |
The Company declined to provide specific financial information but approximated sales for the past two years at $ 6,000,000 and projects the same volume for 2001.
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 (5149 - GROCERIES & RELATED PRODUCTS 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 |
149 |
44 |
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Avg No of Employees |
211 |
11 |
10 |
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Avg Sales (in '000) |
$77,010 |
$6,911 |
$6,000 |
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Revenue per Employee |
$365,651 |
$640,211 |
$600,000 |
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
WELLS FARGO BANK
2101 South Atlantic Boulevard
Monterey Park, CA 91754
Tel: 323 722-8413 Fax: 323 269-0890
Account Manager : Ms. Liz Longorna
We have contacted the bank which stated that a written request via fax is required before any account information is released. We have faxed the bank as requested 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
*
We faxed a request for trade references, but we have not yet received a response.
PUBLIC RECORD
We have found no record of judgments or tax liens against the Company in the state of California.
A name search with the automated voice system of the U.S. Bankruptcy Court, California, Central District (Ninth Circuit), Tel: 213 894-4111, revealed no filing of bankruptcy as of the date of this report.
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
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Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
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Company’s Stamp &
Signature