MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PROCESS
GEAR COMPANY |
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Registered Office : |
3860 North River Road, Schiller
Park, Illinois 60176, United States |
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Country : |
United
States |
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Date of Incorporation : |
06.01.2005 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturer
and Exporter of custom plastic and metal gears. |
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 : CF METALS, LLC
Trade Name(s) : PROCESS GEAR CO.
Address : 3860 NORTH RIVER ROAD
City : SCHILLER PARK
State/Province : ILLINOIS
Zip Code : 60176
Country : UNITED STATES
Telephone : 847 671-1631
Facsimile : 847 671-1631
Legal Form : Limited Liability Company
Website : No website
@rating Opinion :
Business
Activity : The Subject
manufactures and exports custom plastic and metal gears. The
Company specializes in custom plastic and
metal gears.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 58
NOTE TO CLIENT
Contacted Nicole, Receptionist.
Nicole provided or confirmed all
the information about the company.
We left several messages over
several days for Ms. Kathy Lancaster the Controller. We also sent Ms. Lancaster
a fax. I we receive a response, an updated will be provided.
The legal name of the company is
CF METALS, LLC. The subject is operating under the trade name of Process Gear
Co. The information in this report was not confirmed by management.
LEGAL
Legal Form : Limited Liability Company Since (D/M/Y): 06/01/2005
State/Province of Incorporation : IL
Status : ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
The Company is incorporated is in
the State of Illinois
Entity Name CF METALS, LLC
File Number 01387936
Status GOODSTANDING On 06/05/2006
Entity Type LLC
Type of LLC Domestic
File Date 01/06/2005
Jurisdiction IL
Agent Name WILLIAM M HOLZMAN
Agent Change Date 01/06/2005
Agent Street Address 180 N LASALLE ST STE 2700
Principal Office 3860 RIVER ROAD
SCHILLER
PARK 60176
Agent City CHICAGO
Management Type MBR
Agent Zip 60601
Dissolution Date PERPETUAL
Annual Report Filing Date 00/00/0000 For Year 2007
Assumed Name ACTIVE - PROCESS GEAR
COMPANY
Managers/Key Personnel
Mr. Rishi Chandra President
Ms. Kathy Lancaster Controller
AFFILIATED ENTITIES
BANGLE NORTH
There are no known subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
No banking information could be
obtained.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
IRON& STEEL 06-10 00-00 NET 30 80000 9400 49
51 0 0 0
MACH DISTR 06-07 03-10 1/10N30 0 0 0 0
0 0 0 CUST 2 YR
OFFC SUPPL 06-07 06-05 NET
400 0 0
0 0 0 0 CUST
1 YR
PACKAGING 06-10 00-00 NET
30 0 0 0 0
0 0 0 CUST 2 YR
TELECOM 06-10 00-00 NET
30 100 0 0 0
0 0 0
AIR TRANS 06-06 06-05
0000000 2200 700 75
25 0 0 0 CUST 29 YR
COMPUTERS 04-02 00-00 NET
30 0 0 0 0
0 0 0
ELEC MFG 04-03 03-12 NET
30 200 100 100 0 0
0 0
GENERAL 05-02 98-10 NET
30 0 0 0 0
0 0 0 CUST 18 YR
LEASING 05-01 05-01
NOTE 24500 8500 100 0 0
0 0
MED SUPPLY 06-04 00-00 VARIED
0 0 0
0 0 0 0
METAL DIST 04-05 04-04 NET EOM 1100 300 0 100 0
0 0
NONFER MTL 04-06 96-02 NET 30
0 0 0
0 0 0 0 CUST 17 YR
CURRENT QUARTER
80500 9400 49 51
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061000 0 6 11
16600 29 71
0 0 0
20060900 0 5 0 19400 100 0
0 0 0
20060800 0 7 15 20400 1
99 0 0 0
20060700 0 6 1 24300 95
5 0 0 0
20060600 0 4 5 23400 65
35 0 0 0
20060500 0 4 10 24500 34
66 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT
$ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third 2006 9 18800 43 57
0 0 0
Second 2006 5 24000 64
36 0 0 0
First 2006 9 32300 52 41
7 0 0
Fourth 2005 15 39700 35 48
17 0 0
Third 2005 16 60000 40 37
23 0 0
FINANCIAL INFORMATION
We
have sent a written request for financial information to the Subject. If we
receive a response, an update will be provided.
CURRENT OPERATIONS
NAICS Code : 3261
Plastics Product Manufacturing
NAICS Code : 4413
Automotive Parts, Accessories and Tire Stores
Number of Employees: 58
Business Activity
The Subject manufactures and exports custom
plastic and metal gears.
The Company specializes in custom plastic and
metal gears.
There are no known branches.
PUBLIC RECORD
The following UCC and civil filings were
found.
Name
Searched : PROCESS GEAR COMPANY
Debtors :
PROCESS GEAR COMPANY, INC [Business]
3860 N RIVER ROAD SCHILLER PARK, ILLINOIS 60087
Filing
Date : 12/17/2004
Filing
Number : 009369961
Secured
Party : INDEPENDENCE
TECHNOLOGY, LLC
45 TECHNOLOGY DRIVE
WARREN, NEW JERSEY 07059
Status : NO ACTION
TRANSACTED
Name
Searched : PROCESS GEAR COMPANY
Debtors : PROCESS GEAR COMPANY
INC [Business]
3860 N RIVER ROAD SCHILLER PARK, ILLINOIS 60176
Filing
Date : 08/04/2004
Filing
Number : 008958149
History : NUMBER OF UCC-3
STATEMENTS FILED: 1
FILING FILING TRANSACTION DATE TIME TRANSACTION TYPE NUMBER
05/02/2005 04:30 PM TERMINATION 001551125
Secured
Party : FIFTH THIRD BANK
(CHICAGO)
233 S WACKER DRIVE SUITE 400 CHICAGO, ILLINOIS 60606
Status : TERMINATION
Name
Searched : PROCESS GEAR COMPANY
Debtors : PROCESS GEAR COMPANY,
INC. [Business]
3860 NORTH RIVER ROAD SCHILLER PARK, ILLINOIS 60176
Filing
Date : 11/08/2002
Filing
Number : 006106684
Secured
Party : UPS CAPITAL
CORPORATION
35 GLENLAKE PARKWAY SUITE 500 ATLANTA, GEORGIA 30328
Status : NO ACTION
TRANSACTED
Name
Searched : PROCESS GEAR COMPANY
Debtors : PROCESS GEAR COMPANY,
INC. [Business]
3860 N.RIVER ROAD SCHILLER PARK, ILLINOIS 60176
Filing
Date : 10/17/2002
Filing
Number : 005998522
History : NUMBER OF UCC-3
STATEMENTS FILED: 1
FILING FILING TRANSACTION DATE TIME TRANSACTION TYPE NUMBER
11/13/2002 01:33 PM
ASSIGNMENT TO A SECURED PARTY 006125107
Secured
Party : MERCHANTS AND
MANUFACTURERS BANK
PO BOX 200 CHANNAHON, ILLINOIS 60410
Status : UCC-3 STATEMENT
FILED
Name
Searched : PROCESS GEAR COMPANY
Debtors : PROCESS GEAR COMPANY,
INC. [Business]
3860 NORTH RIVER ROAD SCHILLER PARK, ILLINOIS 60176
PROCESS GEAR COMPANY INC [Business]
3860 NORTH RIVER ROAD
SCHILLER PARK, ILLINOIS 60176
Filing
Date : 09/04/2002
Filing
Number : 005791219
History : NUMBER OF UCC-3
STATEMENTS FILED: 1
FILING FILING TRANSACTION DATE TIME TRANSACTION TYPE NUMBER
11/08/2002 02:02 PM DEBTOR AMENDMENT 006117953
Secured
Party : UPS CAPITAL
CORPORATION
35 GLENLAKE PARKWAY,SUITE 500 ATLANTA, GEORGIA 30328
Status : UCC-3 STATEMENT
FILED
Name
Searched : PROCESS GEAR COMPANY
Amount : $ 5,793.21
Case Name : CHICAGO INDUCTION METAL
TREATING CORP v. PROCESS GEAR
COMPANY
Case
Number : 01M1 0112032
Defendant : PROCESS GEAR COMPANY
3860 RIVER RD SCHILLER PARK, IL 60176-2307
Filing
Date : 3/8/2001
Plaintiff : CHICAGO INDUCTION
METAL TREATING CORP
Type : CIVIL SUIT
A
search of bankruptcy courts revealed no record of the Subject filing for
bankruptcy.
GENERAL COMMENTS
We
know that the company has been in business atleast since 1947. Payment history
indicates that the Subject is efficient with its payments. Thus, the Company is
considered to be 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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