MIRA INFORM REPORT

 

 

Report Date :

27.04.2007

 

IDENTIFICATION DETAILS

 

Name :

CONECTUS WIRELESS

 

 

Registered Office :

3225 Grande Vista Drive, Newbury Park, California - 91320                       

 

 

Country :

United States               

 

 

Date of Incorporation :

1974

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Provider of wireless telecommunication services.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exists

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            CONECTUS WIRELESS

Address:                       3225 GRANDE VISTA DRIVE

City:                             NEWBURY PARK                 

State/Province:              CALIFORNIA                           

Zip Code:                      91320                       

Country:                                    UNITED STATES               

Telephone:                    805-480-4888                

Facsimile:                     805-480-3577

Founded (D/M/Y):          /  /1974

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:                   Corporation - Private

Website:                       www.conectus.com

Business Activity:          Provider of wireless telecommunication services.

 

 

NOTE TO CLIENT

 

NOTE:     Ordered Name: CONECTUS WIRELESS COMMUNICATIONS

   Legal Name: CONECTUS WIRELESS

 

NOTE: The first provided contact: RYAN PERRENOUD (title unknown)     declined to provide information. The second provided contact: JOHN W. SCULLY (President) could not be reached. Several messages were left for him and a fax was sent to his attention. no response has been received. Finally, we left a detailed message for JOANNE SCULLY (General Manager) but have received no response. As such information in this report cannot be substantiated. Should we receive a response at a later time, this report will be updated accordingly.

 

NOTE: Number of employees could not be ascertained via Management nor all outside sources consulted.

 

 

LEGAL

 

Legal Form:                               Corporation - Private

Since (D/M/Y):                           28/03/1979

State/Province of Incorporation:   CA

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

CALIFORNIA SECRETARY OF STATE:

CONECTUS WIRELESS

Number:            C0886392 

Date Filed:        3/28/1979 

Status:              active

Jurisdiction:       California

Address

3225 GRANDE VISTA DR

NEWBURY PARK, CA 91320

 

Agent for Service of Process

JOANNE SCULLY

3225 GRANDE VISTA DR

NEWBURY PARK, CA 91320

 

 

Managers/Key Personnel

 

Mr. John Scully                          President

Ms. Joanne Scully                                 General Manager

Mr. Dennis Scully                                  Chairman Of The Board Of Directors

 

 

AFFILIATED ENTITIES

 

The Company's website does not report any affiliates or subsidiaries.

 

 

BANKS

 

CA

Telephone:

Facsimile:

Account Number:

Account Manager:

 

We could not obtain any bank information.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 ADVERTISNG 07-04 00-00 NET 30  0        0        0   0   0   0   0   CUST  4 YR

 BLDG MATRL 07-04 07-02 VARIED  4800     4000     93  7   0   0   0   CUST  1 YR

 

 COMPUTERS  07-03 00-00 0000000 800      0        0   0   0   0   0   CUST  7 YR

 DP SERVCS  07-03 06-10 0000000 0        0        0   0   0   0   0   CUST  4 YR

 FINCL SVCS 07-04 07-03 CONTRCT 4500     2000     100 0   0   0   0   CUST 11 YR

 OFFC SUPPL 07-01 00-00 CREDIT  5000     4500     100 0   0   0   0

 OFFC SUPPL 07-01 00-00 CREDIT  7000     7000     100 0   0   0   0   ACCTCLOSED

 PACKAGING  07-04 06-11 NET 30  0        0        0   0   0   0   0   CUST  4 YR

 AIR TRANS  05-09 05-09         100      0        0   0   0   0   0

 LEASING    07-04 00-00 CONTRCT 3700     3200     100 0   0   0   0   CUST  3 YR

 OFFC SUPPL 05-11 05-09 CREDIT  4500     4200     100 0   0   0   0   CUST  9 YR

 TELECOM    05-07 05-06 NET 30  0        0        0   0   0   0   0

 TELECOM    06-08 06-07 NET 30  3400     100      100 0   0   0   0   EXLENT ACC

 CURRENT QUARTER                22100    17500    98  2   0   0   0

 

 

 

 

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20070400  0      12        0            17200    100 0   0   0   0

 20070300  0      10        0            17000    100 0   0   0   0

 20070200  0      10        0            16800    100 0   0   0   0

 20070100  0      7         0            13600    100 0   0   0   0

 20061200  0      7         0            15100    100 0   0   0   0

 20061100  0      7         0            15000    100 0   0   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 First    2007              0            14700    100 0   0   0   0

 Fourth   2006              0            14600    100 0   0   0   0

 Third    2006              0            13400    100 0   0   0   0

 Second   2006              0            11100    99  1   0   0   0

 First    2006              0            9300     100 0   0   0   0

 

 

FINANCIAL INFORMATION

 

We could not obtain any financial information and outside sources provided no insight into the financial status of the Company.

 

 

CURRENT OPERATIONS

 

NAICS Code:   5133      Telecommunications

 

Business Activity:

Provider of wireless telecommunication services.

 

The headquarters is at the above-noted address. The Company's website reports two additional locations in Nevada.

 

 

PUBLIC RECORD

 

The following liens were filed against the Company:

 

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

              3225 GRANDE VISTA DR

              THOUSAND OAKS, CA 91320-1193

Filing Date: 10/25/2004

Filing Number: 047003642571

Secured Party: IRS / LOS ANGELES [BUSINESS]

                         300 NORTH LOS ANGELES ST, MAIL STOP 5027

                         LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

              3225 GRANDE VISTA DR

              THOUSAND OAKS, CA 91320-1193

Filing Date: 03/16/2005

Filing Number: 057019435872

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

               3225 GRANDE VISTA DR

               THOUSAND OAKS, CA 91320-1193

Filing Date: 11/19/2004

Filing Number: 047006589190

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

               3225 GRANDE VISTA DR

               THOUSAND OAKS, CA 91320-1193

Filing Date: 09/27/2004

Filing Number: 047000313038

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS [BUSINESS]

              3225 GRANDE VISTA DRIVE

              THOUSAND OAKS, CA 91320

Filing Date: 05/20/2004

Filing Number: 0415360568

History: Date Time Number Type

06/29/2004 05:00 PM 04189C0238 TERMINATION

--------------------------------------------------------------------------------

Secured Party: EMPLOYMENT DEVELOPMENT DEPARTMENT [BUSINESS]

                         PO BOX 826880

                        SACRAMENTO, CA 94280-0001

Status: UNLAPSED

Type: STATE TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

              3225 GRANDE VISTA DR

              THOUSAND OAKS, CA 91320-1193

Filing Date: 08/16/2004

Filing Number: 041001500708

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

               3225 GRANDE VISTA DR

               THOUSAND OAKS, CA 91320-1193

Filing Date: 08/12/2004

Filing Number: 041001120685

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

Name Searched: CONECTUS WIRELESS

Debtors: CONECTUS WIRELESS, A CORPORATION [BUSINESS]

               3225 GRANDE VISTA DR

               THOUSAND OAKS, CA 91320-1193

Filing Date: 03/19/2004

Filing Number: 0408561067

Secured Party: IRS / LOS ANGELES [BUSINESS]

                        300 NORTH LOS ANGELES ST, MAIL STOP 5027

                        LOS ANGELES, CA 90012

Status: UNLAPSED

Type: FEDERAL TAX LIEN

--------------------------------------------------------------------------------

No bankruptcy petition was filed by the Subject.

 

 

GENERAL COMMENTS

 

A well-established Company, the Subject is engaged as a provider of wireless telecommunication services. Payment are considered to be generally satisfactory and a search of public records found numerous liens filed against the Company. No bankruptcy petition was filed by the Subject.

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions