MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
LABWARE SCIENTIFIC, INC. |
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Registered Office : |
244 Great Mall Parkway, Milpitas, California - 95035 |
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Country : |
United States |
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Date of Incorporation : |
03/03/2000 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Distributor of medical and hospital equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
– Not Much |
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Litigation : |
Exist |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: LABWARE SCIENTIFIC, INC.
Address: 244 GREAT MALL PARKWAY
City: MILPITAS
State/Province: CALIFORNIA
Zip Code: 95035
Country: UNITED STATES
Telephone: 408 956-8580
Facsimile: 408 956-8586
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation - Private
Website: www.labwareus.com
Business Activity: Outside
sources report that the Company is a distributor of medical and hospital
equipment.
NOTE TO CLIENT
Attempts to reach management was unsuccessful, the Company was called
several times from March 30 to April 4.
Numerous voicemails were left, but no one responded and a written
request was sent. If someone responds
the report will be amended. The
information in the report was retrieved from outside sources and has not been
confirmed by management.
Special Note: With regard to the ordered name; Labware Scientific
Inc. Please be advised that the
correct legal name for this firm is LABWARE SCIENTIFIC, INC. for which a report
follows.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 03/03/2000
State/Province of Incorporation: CA
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was incorporated in the state of California under the
following registration:
Corporation: LABWARE SCIENTIFIC, INC.
Number: C2079197
Date Filed: 3/3/2000
Status: active
Jurisdiction: California
Address: 244 GREAT MALL PKWY
MILPITAS, CA 95035
Agent for Service of Process:
ANAND GUPTA
3311 CANTAMAR
SAN JOSE, CA 95135-2333
Managers/Key
Personnel
Mr. Anand Gupta
President
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0 0 0
CUST 5 YR
BANK
07-02 07-02 CONTRCT 10200
10200 100 0 0
0 0
BLDG MATRL 07-01 04-12 CREDIT 5000
0 0 0
0 0 0
BUS SERVCS 07-02 00-00 NET 30 100
0 0 0
0 0 0
UTILITY
07-03 00-00 NET 15 400 300
100 0 0 0
0
INDUS SUPL 06-06 06-06 NET 30 1300
1300 27 21
25 27 0 CUST 1 YR
LEASING
07-02 00-00 CONTRCT 6700
1700 71 0
0 14 15 CUST
4 YR
PACKAGING
06-09 00-00 NET 30 0 0 0 0 0
0 0 CUST 6 YR
CURRENT QUARTER 15800
10500 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 10 0 10500 100
0 0
0 0
20070200
0 10 0 10600 100
0 0
0 0
20070100
0 7 0 10600 100
0 0
0 0
20061200
0 7 0 10500 100
0 0
0 0
20061100
0 6 0 10500 100
0 0
0 0
20061000
0 6 0 10500 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 0 10500 100 0 0 0
0
Third
2006 0 10500 100 0 0 0
0
Second
2006 0 10400 100 0 0 0
0
First
2006 0 10200 100 0 0 0
0
Fourth
2005 0 300 100 0 0 0
0
FINANCIAL INFORMATION
No financial details could be obtained.
CURRENT OPERATIONS
NAICS Code: 339111 Laboratory Apparatus and Furniture Manufacturing
SIC Code: 2599
Business Activity:
Outside sources report that the Company is a distributor of medical and
hospital equipment.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 067093848580
Filing Date: 11/28/2006
Expiration Date: 11/28/2016
Total Number of Pages: 1
Filing Type: STATE TAX LIEN
DEBTOR INFORMATION
Debtor(s): LABWARE SCIENTIFIC,
INC.
5071 JUSTIN TER
FREMONT, CA
94555
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): EMPLOYMENT
DEVELOPMENT DEPARTMENT
PO
BOX 826880
SACRAMENTO, CA 94280-0001-0001
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FILING INFORMATION
Filing Number: 06458150
Filing Type: TAX LIEN - STATE
Filing Office: RECORDERS OFFICE
Filing County: ALAMEDA
Filing Date: 12/15/2006
DEBTOR INFORMATION
Debtor: LABWARE SCIENTIFIC, INC.
5071 JUSTIN TER
FREMONT, CA 94555
CREDITOR INFORMATION
Creditor: CA EMPLOYMENT DEVELOPMENT DEPARTMENT
LIEN INFORMATION
Lien Amount: $1,537
Status: OPEN
Status Date: 12/15/2006
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A nationwide search of bankruptcy files revealed no bankruptcy petition
under the Subject's name.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)