MIRA
INFORM REPORT
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Report Date : |
07.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PHARM-RX CHEMICAL
CORPORATION |
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Registered Office : |
300 Interpace Pkwy
Building B, Parsippany, New Jersey - 07054 |
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Country : |
United States |
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Date of Incorporation : |
01/02/1991 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Markets and
distributes raw materials, chemicals, active ingredients and dietary supplements. |
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 : |
Slow |
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Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: PHARM-RX
CHEMICAL CORPORATION
Address: 300
INTERPACE PKWY BUILDING B
City: PARSIPPANY
State/Province: NEW
JERSEY
Zip Code: 07054
Country: UNITED
STATES
Telephone: 973
917-1400
Facsimile: 973
917-1440
In KUSD As of:
31/12/2006
Sales /
Revenue: 12,000
Net Income:
Total Equity:
Number of
Employees: 5
Legal Form: Corporation
- Private
Website: www.pharm-rxchem.com
Maj.
Shareholder: MR. DAVID LEMESHOW
Business Activity: PHARM-RX CHEMICAL CORPORATION markets
and distributes raw materials,
chemicals,
active ingredients and dietary supplements.
NOTE TO CLIENT
The information in
this report was provided by Ms. Anne Smith, Controller.
REQUESTED NAME: PHARMA-RX CHEMICAL CORPORATION
LEGAL NAME: PHARM-RX CHEMICAL CORPORATION
NOTE: PNC BANK NA, was confirmed as the primary
bank. We have contacted the Account Manager and await a response.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 01/02/1991
State/Province of
Incorporation: NJ
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Business Name:
PHARM-RX CHEMICAL CORPORATION
Report Date:
04/05/2007
Business ID Number:
0100474310
Transaction Number:
Sequence: 1083921: 1
Business Type:
DOMESTIC PROFIT CORPORATION
Status: ANNUAL
REPORT REINSTATEMEN
Filing Date:
02/01/1991
Home Jurisdiction:
NJ
Stock Amount: 100
DOR Suspension Start
Date: 07/31/1994
DOR Suspension End
Date: 10/23/1997
Annual Report Month:
2
Last Annual Report
Filed: 03/01/2006
For Last Annual
Report Paid Year: 2006
Incorporator: LEX II
SERVICES INC.
Agent: DAVID L
LEMESHOW
Agent Address: 300
INTERPACE PKWY, BLDG. B
PARSIPPANY, NJ
07054
Office Address
Status: Deliverable
Managers/Key
Personnel
MR. DAVID
LEMESHOW President
MS. HELENE
LEMESHOW Secretary
OWNERS
MR. DAVID
LEMESHOW %
Majority
AFFILIATED ENTITIES
No Parent Company,
Subsidiaries nor Divisions.
BANKS
PNC BANK NA
505 THERNALL STREET
4TH
EDISON NJ
08837
Telephone: 973
881-5186
Facsimile:
Account Number:
Account Manager: Mr.
Mike Bernal
We have contacted
the Account Manager Mr. Mike Bernal and await As soon as a response is
received, this report will be updated immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30 60
90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 06-12 0000000 400
400 100 0 0
0 0 CUST 10 YR
AIR TRANS
06-11 00-00 NET 30 500 200
45 0 0 0 55
COLLECTION
FREIGHT
07-03 04-11 VARIED 0 0 0 0 0
0 0
OFFC SUPPL 07-01 00-00 CREDIT 1000
100 100 0 0
0 0
PACKAGING
07-01 06-10 NET 30 600 0
0 0 0 0 0
CUST 1 YR
CURRENT QUARTER 2500
700 82 0 0 0
18
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 11 19 800 82 0
0 0 18
20070200
0 10 19 800 82 0
0 0 18
20070100
0 8 22 700 79 0
0 0 21
20061200
0 8 13 1100 88 0
0 0 12
20061100
0 7 0 300 100
0 0
0 0
20061000
0 7 50 500 52 0
0 0 48
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 14 600 87 0 0
0 13
Third
2006 45 600 28 34 0 0
38
Second
2006 17 500 84 0 0
0 16
First
2006 9 400 66 26 4
4 0
Fourth
2005 3 400 86 12 1
1 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 12,000 - -
Financials are not
consolidated. This is due to a software database issue.
CURRENT OPERATIONS
NAICS Code: 4226
Chemical and Allied Products Wholesalers
Number of
Employees: 5
Business Activity:
PHARM-RX CHEMICAL
CORPORATION markets and distributes raw materials, chemicals, active
ingredients and dietary supplements. The products are distributed to dosage
manufacturers throughout North America.
The sole location is
at the above noted address.
PUBLIC RECORD
No liens, judgments
or bankruptcy filings were found.
GENERAL COMMENTS
PHARM-RX CHEMICAL
CORPORATION is well established with operations dating from 1991. Payments are
sometimes late with one collection issue reported. The operations history is clear.
The subject is considered to be responsible for normal business transactions at
this time.
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%)