MIRA
INFORM REPORT
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Report Date : |
4th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
COMBINE
INTERNATIONAL, INC. |
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Registered Office : |
354 Indusco Court Troy, Michigan 48083,
United States |
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Country : |
United
States |
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Date of Incorporation : |
01/01/1977 |
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Legal Form : |
Corporation
– Private |
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Line of Business : |
Designers
and manufacturers of fine jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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: COMBINE
INTERNATIONAL, INC.
Address: 354
Indusco Court
City: TROY
State/Province: MICHIGAN
Zip Code: 48083
Country: UNITED
STATES
Telephone: 248
585-9900
Facsimile: 248
585-8643
Legal Form: Corporation
- Private
Website: www.combine.com
Maj. Shareholder: The
Mehta Family
@rating Opinion:
Founded (D/M/Y): 01/01/1977
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 200
Business Activity:
The Company is a designer and
manufacturer of fine jewelry.
NOTE TO CLIENT
Spoke with Ms. Sharon Raska. Ms
Raska declined to release her position with Company. An inquiry was faxed to
Company. As of this writing we have not received a response. If additional
information is received this report will be revisited and updated.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 11/02/1977
State/Province of
Incorporation: MI
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
The Company is registered in the
State of Michigan under this Registration:
ID Num: 006345
Entity Name: COMBINE
INTERNATIONAL, INC.
Type of Entity: Domestic Profit
Corporation
Resident Agent: SHRIKANT MEHTA
Registered Office Address: 354
INDUSCO CT.
TROY MI 48083
Mailing Address: MI
Formed Under Act Number(s):
284-1972
Incorporation/Qualification Date:
2-11-1977
Jurisdiction of Origin: MICHIGAN
Number of Shares: 50,000
Year of Most Recent Annual
Report: 06
Year of Most Recent Annual Report
With Officers & Directors: 97
Status: ACTIVE
Date: Present
Managers/Key Personnel
Mr. Shrikant Mehta President
Ms. Nina Mehta Vice President
OWNERS
The Mehta Family 100.00% Shareholder
AFFILIATED ENTITIES
We do not believe the Company has
any branches, affiliates, or subsidiaries.
BANKS
MI
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank
could not be obtained at this time. Comerica Bank was mentioned as a secured
party for financing.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS 06-06 06-05 0000000 31900
25800 79 7
14 0 0 CUST 28 YR
COMPUTERS 06-10 00-00 0000000 43900
0 0 0
0 0 0 CUST 1 YR
DP EQUIP 06-07 03-06 NET 30
0 0 0
0 0 0 0
FINCL SVCS 06-10 06-09 CONTRCT 1400 800
100 0 0 0
0 CUST 1 YR
FREIGHT 06-09 06-08 VARIED
25200 24200 0
18 82 0 0
MANUFCTRNG 06-08 00-00 VARIED 2300
2300 100 0 0
0 0
PETROLEUM 06-09 06-09 VARIED
800 100 100 0
0 0 0 CUST 12 YR
AIR TRANS 05-12 00-00 NET 30 100 0
0 0 0 0 0
CUST 3 YR
CELLUL/PAG 06-09 04-04 NET 30 100
100 0 0
0 0 100 WRITE-OFF
CELLUL/PAG 05-04 05-03 NET 30 400
0 0 0
0 0 0 CUST 7 YR
CELLUL/PAG 05-11 02-10 NET 30 300
0 0 0
0 0 0 PIF-CHGOFF
CELLUL/PAG 04-09 04-09 NET 30 500
500 100 0 0
0 0 CUST 4 YR
COMMUN EQP 04-06 00-00 NET 30 0
0 0 0
0 0 0
COMPUTERS 05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
COMPUTERS 04-02 00-00 NET 30
2700 1900 0
0 0 0 100
ELEC MFG 04-03 03-11 NET 30
800 100 100 0
0 0 0
FACTOR 06-04 04-11 NET 30
0 0 0
0 0 0 0
LEASING 06-02 00-00 CONTRCT 29900
0 0 0 0 0
0 CUST 1 YR
MANUFCTRNG 05-04 00-00 NET 30 0
0 0 0
0 0 0 CUST 14 YR
MISC MANUF 05-04 05-03 VARIED 2300
2300 0 100 0
0 0
OFFC SUPPL 04-12 04-12 NET 30 200
200 100 0 0
0 0 CUST 13 YR
PACKAGING 06-01 04-10 NET 30
100 100 0
0 100 0 0
PAPER PROD 04-06 96-09 COD 0
0 0 0
0 0 0
PETROLEUM 04-10 00-00 VARIED
800 600 100 0
0 0 0 PROMPT
CURRENT QUARTER 105500 53200
44 12 44 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20061000 0 7 22 53200 44
12 44 0 0
20060900 0 6 12 33400 71 5
24 0 0
20060800 0 7 20 51900 40 22
38 0 0
20060700 0 7 8 42700 60 32
8 0 0
20060600 0 6 3 13700 80 20
0 0 0
20060500 0 6 3 13500 78 22
0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
Third
2006 19 46200 49 14 37
0 0
Second
2006 6 23300 68 27 5
0 0
First
2006 6 11000 65 32 3
0 0
Fourth
2005 0 2600 100 0 0 0
0
Third
2005 1 15700 98 1 1
0 0
FINANCIAL INFORMATION
We were unable to obtain
financial information either directly from management or from outside sources.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees: 200
Business Activity:
The Company is a designer and
manufacturer of fine jewelry.
PUBLIC RECORD
Name Searched: COMBINE
INTERNATIONAL
Debtor Address: COMBINE
INTERNATIONAL, INC.
Secured Parties: COMERICA BANK
Filing Date: 5/2/2006
Filing Number: 2006079059-0
Filing Type: CONTINUATION
Original Filing Number: C528789
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Name Searched: COMBINE
INTERNATIONAL
Debtor Address: COMBINE
INTERNATIONAL, INC.
Secured Parties: COMERICA BANK
Filing Date: 5/2/2006
Filing Number: 2006079060-3
Filing Type: CONTINUATION
Original Filing Number: B288643
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Name Searched: COMBINE
INTERNATIONAL
Debtor Address: COMBINE
INTERNATIONAL, INC.
354 INDUSCO COURT
TROY, MI 48083
Secured Parties: DELL FINANCIAL
SERVICES, L.P.
Filing Date: 8/15/2005
Filing Number: 2005144697-0
Filing Type: INITIAL FILING
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Name Searched: COMBINE
INTERNATIONAL
Debtor Address: COMBINE
INTERNATIONAL INC
1139 DAVID WHITNEY BUILDING
DETROIT, MI 48226
Secured Parties: COMERICA BANK
ATTN: UCC UNIT (MC 7578)
Filing Date: 5/18/2001
Filing Number: D776330
Filing Type: CONTINUATION
Original Filing Number: B288643
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Name Searched: COMBINE
INTERNATIONAL
Debtor Address: COMBINE
INTERNATIONAL, INC.
354 INDUSCO COURT
TROY, MI 48083
Secured Parties: COMERICA BANK
Filing Date: 12/13/2005
Filing Number: 2005213881-5
Filing Type: INITIAL FILING
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Name Searched: COMBINE INTERNATIONAL
Debtor Address: I L MFG CO
354 INDUSCO CT
TROY, MI 48083
COMBINE INTERNATIONAL INC
354 INDUSCO CT
TROY, MI 48083
Secured Parties: COMERICA BANK
ATTN: UCC UNIT (MC 7578)
Filing Date: 5/18/2001
Filing Number: D776331
Filing Type: CONTINUATION
Original Filing Number: C528789
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A search of public and bankruptcy
courts shows no tax liens, legal actions or bankruptcy filings under the
Subject's name.
GENERAL COMMENTS
The Company is a designer and
manufacturer of fine jewelry. The payment record is satisfactory and the
operating history is clear. No derogatory information was found. This company
is considered responsible for normal business transactions.
RATING EXPLANATIONS
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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. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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