MIRA
INFORM REPORT
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Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SENIOR INDUSTRIES,
INC. |
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Registered Office : |
610 Pond Drive,
Wood Dale, Illinois - 60191 |
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Country : |
United States |
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Date of Incorporation : |
10/04/1974 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler of
electronic and communication equipment and devices. |
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 : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SENIOR
INDUSTRIES, INC.
Address: 610
POND DRIVE
City: WOOD DALE
State/Province: ILLINOIS
Zip Code: 60191
Country: UNITED
STATES
Telephone: 630
350-1600
Facsimile: 630
350-1654
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
40
Legal Form: Corporation
- Private
Website: www.seniorindustries.com
Business Activity: The Firm is a wholesaler of electronic
and communication equipment and devices.
NOTE TO CLIENT
NOTE: A
receptionist, who declined to provide her name, declined to forward the
interview to senior management. Therefore the details in this report could not
be confirmed. A written inquiry was sent via fax, if management responds the
report will be updated at that time.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 10/04/1974
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is incorporated
in Delaware under the following:
File Number: 0800534
Incorporation
Date: 04/10/1974
Entity Name: SENIOR
INDUSTRIES, INC.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DELAWARE
REGISTERED AGENT INFORMATION
Name: THE PRENTICE-HALL CORPORATION SYSTEM, INC.
Address: 2711
CENTERVILLE ROAD SUITE 400
City: WILMINGTON
County: NEW
CASTLE
State: DELAWARE
Postal Code: 19808
Phone: (302)636-5400
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The Firm is
qualified in Illinois under the following:
Entity Name: SENIOR
INDUSTRIES, INC.
File Number: 50566153
Status: GOODSTANDING
Entity Type: CORPORATION
Type of Corp: FOREIGN
BCA
Qualification Date: Foreign 12/16/1974
State: DELAWARE
Agent Name: GEORGE
FRANKS JR
Agent Change
Date: 11/29/1984
Agent Street
Address: 610 POND DR
Agent City: WOODDALE
Agent Zip: 60191
Duration Date: PERPETUAL
For Year: 2006
Managers/Key
Personnel
Mr. George
Franks President
Mr. Vikas Jaln Controller
AFFILIATED ENTITIES
There are no known
affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Senior management
could not be reached to provide the name of the Firm's primary bank and outside
sources provided no additional information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 07-04 00-00 NET 30 800
800 39 0
32 29 0
COMPUTERS
07-01 00-00 CREDIT 25000 0
0 0 0 0 0
FREIGHT
07-04 06-10 VARIED 6800 0 0 0
0 0 0
NEWSPAPERS 07-04 06-09 NET 15 3200
0 0 0
0 0 0
PACKAGING
07-04 06-12 NET 30 100 100
100 0 0 0
0 CUST 1 YR
PAPER DIST 07-04 05-10 NET 30 1300
0 0 0
0 0 0 CUST 5 YR
PRNTG& PUBL 07-03 00-00 VARIED 0
0 0 0
0 0 0
TRUCK DLR
07-03 00-00 CONTRCT 900
0 0 0
0 0 0
AIR TRANS
06-06 06-06 0000000 6400
6400 90 10
0 0 0 CUST 22 YR
AIR TRANS
06-11 00-00 NET 30 800 0
0 0 0 0 0
CUST 15 YR
CONST MACH 06-08 00-00 NET 30 0
0 0 0
0 0 0 CUST 7 YR
DP SUPPLY
04-07 00-00 VARIED 500 500
0 100 0 0
0
LEASING
07-02 00-00 CONTRCT 100
100 100 0 0 0 0
MISC MANUF 05-01 00-00 VARIED 800
0 0 0
0 0 0
MISC MANUF 05-01 00-00 NET 30 0
0 0 0
0 0 0
CURRENT QUARTER 38100
900 42 0
30 28 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 15 83 2200 13 0
12 5 70
20070300
0 10 57 2200 20 0
11 69 0
20070200
0 10 62 2000 15 0
6 79 0
20070100
0 6 0 200 100
0 0
0 0
20061200
0 6 0 300 100
0 0
0 0
20061100
0 6 0 200 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
First
2007 67 2100 16 0 10
50 24
Fourth
2006 0 200 100 0 0 0
0
Third
2006 22 1200 44 25 20
8 3
Second
2006 40 2900 8 4 88
0 0
First
2006 34 1700 40 2 32
26 0
FINANCIAL INFORMATION
Senior management
could not be reached to provide financial statements or annual sales, therefore
the Firm's condition could not be evaluated. A written inquiry was sent via fax
to Mr. Jaln, if he responds the report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 421
Wholesale Trade, Durable Goods
Number of Employees: 40
Business Activity:
The Firm is a
wholesaler of electronic and communication equipment and devices. The Firm offers a wide variety of
communications and electronic devices, equipment, products and other related
services. The Firm's technical support includes: access to product
specifications and installation practices, training, and the development of
custom products. The Firm targets the telecommunication and electronic
industries.
The heading address
is believed to be the Firm's sole location.
PUBLIC RECORD
Name Searched:
SENIOR INDUSTRIES
Amount: $ 1,200.00
Case Name: HUANG
JOHN Z v. SENIOR INDUSTRIES
Case Number: 00M1
0137807
Defendant: SENIOR
INDUSTRIES
NOT AVAIL
NOT AVAIL, IL
Filing Date:
8/9/2000
Plaintiff: HUANG
JOHN Z
Type: CIVIL SUIT
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No bankruptcy
petitions were traced to the Firm, however there is a legal action filed
against the Firm in public. The status is uncertain as no further information
is currently available.
GENERAL COMMENTS
The Firm is a well
established wholesaler of electronic and communication equipment and devices.
The payment record is satisfactory. No bankruptcy petitions were traced to the
Firm, however there is a legal action filed against the Firm in public records.
The status is uncertain as no further information is currently available. The
Firm is considered responsible for normal trade relations.
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%)