MIRA
INFORM REPORT
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Report Date : |
18.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
APEX MACHINE
COMPANY |
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Registered Office : |
3000 Northeast
12th Terrace, Fort Lauderdale, Florida - 33334 |
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Country : |
United States |
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Date of Incorporation : |
31/12/1964 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Manufacturer of
printing machinery. |
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: APEX
MACHINE COMPANY
Address: 3000
NORTHEAST 12TH TERRACE
City: FORT LAUDERDALE
State/Province: FLORIDA
Zip Code: 33334
Country: UNITED
STATES
Telephone: 954
566-1572
Facsimile: 954
563-2344
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.apexmachine.com
Business Activity: APEX MACHINE COMPANY, is a manufacturer
of printing machinery.
NOTE TO CLIENT
Contact Person: Mr.
Todd Coningsby
Position: President
Mr. Coningsby was
not available after many attempts; thus voice messages were left and a written
request was sent. If he responds the
report will be amended. The information
in the report was retrieved from the Company's website and outside sources and
has not been confirmed by management.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 31/12/1964
State/Province of
Incorporation: FL
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is incorporated
in the state of Florida under the following registration:
Entity Name: APEX MACHINE COMPANY
Entity Type: Florida Profit
PRINCIPAL
ADDRESS: 3000 N E 12TH TERRACE
FT LAUDERDALE FL 33334
Changed: 05/10/1999
MAILING
ADDRESS: 3000 N E 12TH TERRACE
FT LAUDERDALE FL 33334
Changed: 05/10/1999
Document Number: 288469
FEI Number: 591085676
Date Filed: 12/31/1964
State: FL
Status: ACTIVE
Effective Date: NONE
Registered Agent
Name & Address: CONINGSBY,
TODD D
3000 NE 12TH TERR
FORT LAUDERDALE FL 33334
Name Changed: 04/20/2004
Address
Changed: 05/01/1995
Managers/Key
Personnel
Mr. Coningsby,
Todd President
Mr. Coningsby,
Robert III Vice President
Mr. Coningsby,
Gregg Supervising Director
Mr. Coningsby,
Russell Treasurer
AFFILIATED ENTITIES
The following
companies are affiliated to Apex Machine Company:
Capex Corporation
and Tapex Corporation.
BANKS
FL
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary
bank could not be obtained directly from management.
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
06-12 06-10 0000000 3400
600 100 0 0
0 0 CUST 21 YR
BUS SERVCS 06-12 06-12 NET 30 14800
0 0 0
0 0 0
BUS SERVCS 07-04 00-00 VARIED 200
0 0 0
0 0 0
ELEC EQUIP 07-03 01-04 NET 30 500
0 0 0
0 0 0 CUST 6 YR
FACTOR
07-02 03-11 NET 30 0 0 0 0 0
0 0
FINCL SVCS 06-12 06-12 CONTRCT 26600 0
0 0 0 0 0
ACCTCLOSED
FREIGHT
07-04 07-03 VARIED 39000 23200
44 49 7 0 0
IRON& STEEL 07-04 00-00 NET 30 5300
0 0 0
0 0 0
MACH DISTR 07-03 00-00 VARIED 0
0 0 0
0 0 0
MISC MANUF 07-02 00-00 VARIED 100
100 0 0
0 100 0
OFFC SUPPL 07-04 07-03 NET 30 500
200 100 0 0
0 0 CUST 9 YR
OFFC SUPPL 07-01 00-00 CREDIT 6500
200 100 0 0
0 0
PACKAGING
07-04 06-12 NET 30 1100 1100
38 42 20 0 0
CUST 11 YR
PAPER PROD 07-03 00-00 NET 30 25700
0 0 0
0 0 0
TRANSPORTN 07-03 06-11 NET 30 100
100 0 0
100 0 0 30 DYS SLO
TRUCK DLR
07-04 00-00 CONTRCT 700
0 0 0 0
0 0
WAREHOUSE
07-04 04-02 VARIED 2600 0
0 0 0 0 0
ACCTCLOSED
AIR TRANS
06-11 00-00 NET 30 1400 100
100 0 0 0
0 COLLECTION
AUTOMOTIVE 06-05 00-00 VARIED 43500
31300 100 0 0
0 0 CUST 4 YR
BANK CARD
07-03 07-03 NET 30 34900 28100
100 0 0 0
0 CUST 7 YR
BLDG MATRL 06-05 06-02 VARIED 5300
2200 0 0
0 47 53
COMPUTERS
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
ELEC SUPLR 04-06 98-09 2/10N30 0 0 0 0 0
0 0
ELEC SUPLR 05-04 00-00 VARIED 0
0 0 0
0 0 0
FINCL SVCS 06-02 01-08 NET 30 0
0 0 0
0 0 0
FREIGHT
06-07 04-02 VARIED 400 400
0 0 100 0 0
FRGHT FWRD 04-08 04-07 NET 15 100
100 0 100 0
0 0 SATSFTRY
INDUS SUPL 06-06 06-06 VARIED 1900
300 55 45
0 0 0 CUST 12 YR
LEASING
04-08 04-08 NOTE 4100 1400
100 0 0 0
0
LEASING
05-08 00-00 CONTRCT 2800
0 0 0
0 0 0
PAINTS
04-07 04-05 VARIED 400 0
0 0 0 0 0
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
WHLSE TRAD 06-07 00-00 NET 30 11700
100 0 0
27 73 0
ADMIN
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 127100
25500 46 46
7 1 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR
DBT DBT $ % 30 60
90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 16 86 42400 3 1
1 48 47
20070300
0 11 36 45300 10 37
32 21 0
20070200
0 11 36 45100 9 38
32 21 0
20070100
0 6 16 28600 29 61
1 9 0
20061200
0 6 11 32100 30 70
0 0 0
20061100
0 6 12 52100 21
78 1 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
First
2007 52 44100 7 26 22
30 15
Fourth
2006 13 37600 26 71 1
2 0
Third
2006 12 31700 48 38 14
0 0
Second
2006 8 43000 53 46
0 1 0
First
2006 2 24300 90 8 2
0 0
FINANCIAL INFORMATION
Outside sources
reported an annual sale of US$ 10.1 in the million range.
CURRENT OPERATIONS
NAICS Code: 333293
Printing Machinery and Equipment Manufacturing
SIC Code: 3555
Business Activity:
APEX MACHINE
COMPANY, is a manufacturer of printing machinery. The Company manufactures the
following commercial printing technologies; flexography, dry offset, gravure,
rotogravure, rotogravure offset, flexapex process, pad printing, screen,
digital offset and hot stamping. In
addition, the Company manufactures and supplies its products to the following
sectors; automotive, beverages, caps and closures, cartons, computer, cosmetics
and personal care, electrical and electronics, entertainment, food, hardware,
household, medical, military and ammunition, packaging, sports and leisure,
writing instruments. The above address
is the corporate headquarters. In
addition, the Company has professional representatives and offices throughout
the U.S., around the world in the five continents.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 200303701380
Filing Date: 04/10/2003
Expiration Date: 07/13/2008
Total Number of
Pages: 001
Filing Type:
CONTINUATION
Filing Date of
Related Filing: 07/13/1998
Filing Office: SECRETARY OF STATE/UCC DIVISION
STATE CAPITOL
TALLAHASSEE, FL 32314
DEBTOR INFORMATION
Debtor(s): APEX MACHINE COMPANY
3000 NE 12TH TERRACE
FORT LAUDERDALE, FL 33334
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): MERRILL LYNCH BUSINESS
FINANCIAL SERVICES INC
33 WEST MONROE
STREET 22ND FLOOR
CHICAGO, IL 60603
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FILING INFORMATION
Filing Number: 200509953172
Filing Date: 06/16/2005
Expiration Date: 06/16/2010
Total Number of
Pages: 001
Filing Type: ORIGINAL
Filing Office: SECRETARY
OF STATE/UCC DIVISION
STATE CAPITOL
TALLAHASSEE, FL 32314
DEBTOR INFORMATION
Debtor(s): APEX MACHINE COMPANY
3000 NE 12TH TERRACE
FORT LAUDERDALE, FL 33334
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): WACHOVIA BANK, NATIONAL
ASSOCIATION
8740 RESEARCH
DRIVE;2ND FLOOR BCS POST CLOSING
CHARLOTTE, NC
28262
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A nationwide search
of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
APEX MACHINE COMPANY,
is a manufacturer of printing commercial machinery engaged in business since
1964. The payment history is generally
satisfactory, and no litigation taken against the Subject. A nationwide search of public revealed no
legal actions or bankruptcy petitions filed 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%)