MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ELITE CUSTOMS BROKERS INC. |
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Registered Office : |
700 Rockaway Turnpike Suite 301 Lawrence , New York |
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Country : |
United States |
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Financials (as on) : |
30.04.2007 |
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Legal Form : |
Private |
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Line of Business : |
The company is an international freight forwarder and customs
clearance broker. |
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 : ELITE CUSTOMS BROKERS INC.
Address : 700 ROCKAWAY TURNPIKE SUITE 301
City : LAWRENCE
Founded (D/M/Y) : / /1968
State/Province : NEW YORK
In KUSD As of : 30/04/2006
Zip Code : 11559
Sales / Revenue : 2,000
Country : UNITED STATES
Net Income :
Telephone : 516 239-9258
Total Equity :
Facsimile : 516-239-8968
Number of Employees : 5
Legal Form : Corporation - Private
Website : N/A
Maj. Shareholder : Mr. Michael Deluca
Opinion : up to $50,000
Business Activity:
The Company is an international freight forwarder and customs clearance broker.
NOTE TO CLIENT
Person Contacted: Mr. Michael Deluca, CEO and Majority Shareholder. Mr. Deluca verified and updated the information presented to him.
Please note that we released the name of the client, MEGAFREIGHT Coface Rating: @@ - Credit can be reasonably accepted up to $50,000. The system for creating @ratings has been developed by Coface credit
insurance underwriters and these ratings serve as credit limits for some insurance policies. The subject company has been rated by Coface as suitable for credits to the level indicated above.
Amount Requested: 80,000
The amounts requested and advised are expressed in: ZAR
LEGAL
Legal Form: Corporation – Private
Since (D/M/Y) : 11/04/1968
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form : --
Company is NOT required to publish an annual financial report.
The Company incorporated in New York under the following registration.
Current Entity Name: ELITE CUSTOMS BROKERS INC.
Initial DOS Filing Date : APRIL 11, 1968
County : KINGS
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
ELITE CUSTOMS BROKERS INC.
MICHAEL DE LUCA
700 ROCKAWAY TPKE, STE 301
LAWRENCE, NEW YORK, 11559
Principal Executive Office
ELITE CUSTOMS BROKERS INC.
MICHAEL DE LUCA
700 ROCKAWAY TPKE, STE 301
LAWRENCE, NEW YORK, 11559
Registered Agent : NONE
Managers/Key
Personnel
Mr. Michael Deluca President
OWNERS
Mr. Michael Deluca % Majority
The Company has no subsidiaries or affiliates.
BANKS
JP Morgan Chase Bank
Lawrence NY
Telephone :
Facsimile :
Account Number:
Account Manager:
Mr. Deluca declined to provide a signed authorization for credit information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 00-00 NET 30 900 900
41 42 17 0 0
COLLECTION
COMPUTERS
07-01 05-05 CREDIT 20000 0
0 0 0 0 0
FACTOR
07-03 03-01 VARIED 0 0 0 0
0 0 0
FINCL SVCS 07-03 07-02 CONTRCT 18200 9100
100 0 0 0
0 CUST 2 YR
FINCL SVCS 07-03 00-00 VARIED 26700
19200 100 0 0
0 0 CUST 2 YR
FINCL SVCS 07-03 07-02 CONTRCT 500 100
100 0 0 0
0 CUST 12 YR
OFFC SUPPL 07-01 00-12 CREDIT 1300
0 0 0
0 0 0
PACKAGING
07-01 00-00 NET 30 0 0 0 0 0
0 0 CUST 7 YR
PETROLEUM
07-03 07-02 VARIED 500 300
68 32 0 0 0
CUST 10 YR
CRED CARD
07-03 06-05 REVOLVE 100
0 0 0
0 0 0 CUST 6 YR
GENERAL
05-02 04-09 NET 30 200 0
0 0 0 0 0
CUST 6 YR
LEASING
07-03 00-00 NET 30 0 0 0 0 0
0 0
LEASING
07-02 00-00 CONTRCT 2200
1900 100 0 0
0 0 CUST 1 YR
OFFC SUPPL 05-11 05-08 CREDIT 200
0 0 0
0 0 0 CUST 10 YR
CURRENT QUARTER 68100
29600 97 2
1 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1-
31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 14 1 30400 97 2
1 0 0
20070200
0 14 1 30400 97
2 1 0 0
20070100
0 12 1 11600 96 3
1 0 0
20061200
0 11 1 11900 96 3
1 0 0
20061100
0 8 0 11800 100
0 0
0 0
20061000
0 8 0 12700 98 2
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 1 11800 97 2 1
0 0
Third
2006 0 12600 99 1 0
0 0
Second
2006 0 14000 100 0 0 0
0
First
2006 0 15700 100 0 0 0
0
Fourth
2005 0 17200 100 0 0 0
0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 30/04/2007 30/04/2006 30/04/2006
Projected Consolidated
Sales / Revenues 2,000 2,000 --
Mr. Deluca stated net sales were in the US$2 Million range for fiscal
years April 30 2006 and 2007.
He deferred all other financial statement information to a fax
request. If we receive a response to our fax, we will amend the
report accordingly.
CURRENT OPERATIONS
NAICS Code: 4885 Freight Transportation Arrangement
Number of Employees: 5
Business Activity:
The Company is an international freight forwarder and customs clearance broker.
The Subject handles customs clearances for companies shipping goods into the United States as well as freight travel arrangements.
The heading address is the sole location for the Subject. The facility consists of leased office space.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy petitions or Uniform Commercial Codes.
GENERAL COMMENTS
The Subject, founded in 1968 in New York, is engaged as an international freight forwarder and customs clearance broker. The payment record is generally satisfactory and the operating history is clear. No derogatory information or bankruptcy petitions were reported or noted. The Company is 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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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%)