MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
COMBINE
INTERNATIONAL INC |
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Registered Office : |
354
INDUSCO CT TROY
MI 48083 |
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Country : |
United
States |
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Date of Incorporation : |
1971 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Engaged
in manufacturing precious metal jewellery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Fair |
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Payment Behaviour : |
Average 3 days beyond terms |
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Litigation : |
Exist |
NAME
COMBINE
INTERNATIONAL INC
ARTISTIC
CORPORATION
I.L.
MFG. CO
KAY
STERLING
NSM
CORP.
ROYAL
GEMOLOGICAL INSTITUTE
ADDRESS
354
INDUSCO CT
TROY
MI 48083
TEL:
248 585-9900
SUMMARY
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STARTED |
1971 |
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LINE
OF BUSINESS |
MFG
PRECIOUS METAL JEWELLERY |
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SIC
NOS. |
3911,
5094 |
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EMPLOYS |
225 |
CHIEF EXECUTIVE
SHRIKANT
MEHTA, PRES+
FINANCE
Shrikant
Mehta, president, declined financial information.
PUBLIC FILINGS
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* * * JUDGMENT(S) *
* *
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CASE
NO.: 01C00431GC
JDGMT
TYPE: Judgment STATUS: Unsatisfied
AGAINST: $2,044-COMBINE INTERNATIONAL DATE STATUS ATTAINED: 06/20/2001
INC DATE ENTERED: 06/20/2001
IN
FAVOR OF: ALLEGRA DIGITAL IMAGING LLC
LATEST INFO RECEIVED: 01/21/2003
WHERE
FILED: OAKLAND COUNTY DISTRICT COURT
52-4, TROY, MI
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CASE
NO.: 00C02727GC
JDGMT
TYPE: Judgment STATUS: Unsatisfied
AGAINST: $3,999-COMBINE INTERNATIONAL DATE STATUS ATTAINED: 11/28/2000
INC DATE ENTERED: 11/28/2000
IN
FAVOR OF: FULLER BOX CO
LATEST INFO RECEIVED: 07/31/2001
WHERE
FILED: OAKLAND COUNTY DISTRICT COURT
52-4, TROY, MI
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* * * SUIT(S) * *
*
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CASE
NO.: 00025363CK
PLAINTIFF: $52,118-S T S JEWELERS STATUS: Dismissed
DEFENDANT: COMBINE INTERNATIONAL INC DATE STATUS ATTAINED: 12/10/2000
WHERE
FILED: OAKLAND COUNTY CIRCUIT COURT,
DATE FILED: 08/16/2000
PONTIAC, MI LATEST INFO RECEIVED: 10/01/2002
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DOCKET
NO.: 98CV2978
SUIT
AMOUNT: $ 0
STATUS: Pending
PLAINTIFF: CAST MART CORP DATE STATUS ATTAINED: 04/28/1998
DEFENDANT: COMBINE INTERNATIONAL INC DATE FILED: 04/28/1998
WHERE
FILED: U.S. FEDERAL DISTRICT COURT,
LATEST INFO RECEIVED: 05/14/1998
NEW YORK, NY
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* * * LIEN(S) * *
*
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DOCKET
NO.: DJ-78917-98
AMOUNT: $8,000 STATUS: Released
TYPE: State Tax DATE STATUS ATTAINED: 10/24/2002
FILED
BY: STATE OF NEW JERSEY
DATE FILED: 04/09/1998
AGAINST: COMBINE INTERNATIONAL INC LATEST INFO RECEIVED: 10/29/2002
WHERE
FILED: SUPERIOR COURT OF NEW JERSEY,
TRENTON, NJ
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* * * UCC FILING(S)
* * *
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COLLATERAL:
Leased Business machinery/equipment
FILING
NO: D531861 DATE FILED: 06/17/1999
TYPE: Original LATEST INFO RECEIVED: 08/02/1999
SEC.
PARTY: IKON OFFICE SOLUTIONS, GRAND
FILED WITH: SECRETARY OF
RAPIDS, MI STATE/UCC
DIVISION,
DEBTOR: COMBINE INTERNATIONAL, INC MI
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COLLATERAL:
Leased Equipment - Leased Computer equipment - Leased
Communications equipment
FILING
NO: D482940 DATE FILED: 02/24/1999
TYPE: Original LATEST INFO RECEIVED: 03/26/1999
SEC.
PARTY: AMERITECH CREDIT CORPORATION,
FILED WITH: SECRETARY OF
ROLLING MEADOWS, IL STATE/UCC DIVISION,
DEBTOR: COMBINE INTERNATIONAL, INC. MI
and OTHERS
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COLLATERAL:
Leased Communications equipment
FILING
NO: D463768 DATE FILED: 01/08/1999
TYPE: Original LATEST INFO RECEIVED:
03/19/1999
SEC.
PARTY: AMERITECH CREDIT CORPORATION,
FILED WITH: SECRETARY OF
ROLLING MEADOWS, IL STATE/UCC DIVISION,
DEBTOR: COMBINE INTERNATIONAL, INC. MI
and OTHERS
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FILING
NO: D776331 DATE FILED: 05/18/2001
TYPE: Continuation LATEST INFO RECEIVED: 07/12/2001
SEC.
PARTY: COMERICA BANK ATTN: UCC UNIT (MC
ORIG. UCC FILED: 10/18/1991
7578), LIVONIA, MI ORIG. FILING NO: C528789
DEBTOR: I L MFG CO FILED WITH: SECRETARY OF
and OTHERS STATE/UCC DIVISION,
MI
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FILING
NO: 00069399 DATE FILED: 04/07/2000
TYPE: Continuation LATEST INFO RECEIVED: 04/24/2000
SEC.
PARTY: COMERICA BANK, DETROIT, MI
ORIG. UCC FILED: 09/05/1995
DEBTOR: COMBINE INTERNATIONAL INC ORIG. FILING NO: 95180154
FILED WITH: SECRETARY OF
STATE/UCC
DIVISION,
NY
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HISTORY
SHRIKANT
MEHTA, PRES+
NEENA
MEHTA, SEC+
ROGER
D PARSONS, CN-CFO
DIRECTOR(S): THE OFFICER(S)
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* * * CORPORATE AND
BUSINESS REGISTRATIONS * * *
REPORTED BY THE
SECRETARY OF STATE
OR OTHER OFFICIAL SOURCE
AS OF 03/02/2004
-------------------------------------------------------------------------------------------------
REGISTERED
NAME :
COMBINE INTERNATIONAL, INC.
CORPORATION
TYPE :
PROFIT
FILING
DATE :
02/11/1977
BUSINESS
TYPE :
CORPORATION
FED.
TAX ID # :
382160071
REGISTRATION
ID # :
006345
DURATION :
PERPETUAL
STATE
OF ORGANIZATION (INCORPORATION) :
MICHIGAN
DATE
OF ORGANIZATION (INCORPORATION) :
02/11/1977
STATUS :
ACTIVE
WHERE
FILED :
CORPORATIONS & DEVELOPMENT
BUREAU, LANSING, MI
REGISTERED
AGENT :
SHRIKANT MEHTA, 354 INDUSCO CT.,
TROY, MI 48083
AGENT STATUS :
ACTIVE
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Business
started 1971 by Shrikant Mehta and one other.
80% of capital stock is owned by Shrikant Mehta. 20% of capital stock is owned by an outside
investor.
In
Apr 1992 the corporation sold additional shares of its own capital stock to a
foreign investor, representing a 20% capital stock interest in the company, for
in excess of $10,000,000. Identity of
this outside foreign investor was not disclosed.
SHRIKANT
MEHTA born 1944. Area of responsibility
is Chief Executive. Prior to 1967
attended school, graduating Wayne State University MS 1967. 1967-73 employed by Ford Motor Company,
Dearborn, MI. Also since 1971 employed
here.
NEENA
MEHTA born 1946. Wife of the
president. Prior to 1972 a
homemaker. Since 1972 employed
here. Also since 1990 Chief Executive
of Aleb Corp, Troy, MI.
ROGER
D PARSONS born 1961. Area of
responsibility is chief financial officer.
Graduated Detroit College of Business BBA 1983 and Detroit College of
Law JD 1989. Since 1983 employed here.
OPERATION
Manufactures
precious metal jewellery (90%); and wholesales imported pearl jewellery (10%).
Terms
are net 30-90 days.
Sells
to jewellery retailers.
Territory
: United States.
Nonseasonal.
EMPLOYEES: 225 which includes officer(s).
FACILITIES: Leases 35,000 sq. ft. in one story cinder
block building Leases the building from the president.
LOCATION: Suburban business section on side street.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
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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