MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
EMINENCE SPEAKER, LLC |
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Registered Office : |
838 Mulberry Pike, Eminence, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
22/06/2001 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer of loud speakers. The Firm manufactures speakers
under their own label as well under private labels. |
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 : EMINENCE SPEAKER,
LLC
Address :
838 MULBERRY PIKE
City :
EMINENCE
State/Province :
Zip Code :
40019
Country :
UNITED STATES
Telephone : 502
845-5622
Facsimile :
502-845-5653
Legal Form :
Corporation - Private
Website :
www.eminence..com
Business Activity : The
Subject is engaged as a manufacturer of loud speakers.
As of :
31/12/2006
Sales / Revenue : 26,000,000
Net Income : --
Total Equity : --
Number of Employees : 150
NOTE TO CLIENT
PERSON CONTACTED
Mr. Jody Rucker- Sales
Mr. Rucker provided the information in this report.
PLEASE NOTE: The correct legal name is EMINENCE SPEAKER, LLC for which a
report follows.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
22/06/2001
State/Province of Incorporation :
KY
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
Organization Number 0518095
Name EMINENCE
SPEAKER, LLC
Company Type KLC - Kentucky Limited Liability Company
Status A - Active
Standing G - Good
File Date 6/22/2001
Organization Date 6/22/2001
Last Annual Report 2/12/2007
Principal Office P.O.
838 MULBERRY PIKE
EMINENCE, KY
400190360
Managed By Managers
Registered Agent ROBERT
GAULT
838
MULBERRY PIKE
EMINENCE,
KY 40019
Managers/Key
Personnel
Robert Allen Gault
Chief Executive Officer
Mitchell H Palmer
Treasurer
AFFILIATED ENTITIES
Eminence Dog Guan Enterprises
There are no subsidiaries.
BANKS
STOCK YARDS BANK & TRUST
COMPANY
Telephone: 502 625-3969
Facsimile:
Account Number:
Account Manager: Mr. Alex Hacker
The above bank requires an account number and authorization from the
Company which Management declined to disclose. Thus, we cannot furnish account
reference information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 00-00 0000000 300
300 100 0 0
0 0
BUS SERVCS 07-07 00-00 NET 7 1000
500 100 0 0
0 0
CHEMICALS
07-07 07-06 NET 30 1600 1600
100 0 0 0 0
ELEC EQUIP 07-06 04-10 N10PROX 800 0
0 0 0
0 0 CUST 14 YR
FINCL SVCS 07-06 07-02 VARIED 700
0 0 0
0 0 0
CUST 3 YR
FOOD DISTR 07-06 07-06 NET 7 300
200 100 0 0 0 0
FREIGHT
07-04 06-11 VARIED 2400 0
0 0 0
0 0
FREIGHT
07-06 07-01 VARIED 5300 5300
84 0 16
0 0
MACH DISTR 07-06 00-00 VARIED 200
0 0
0 0 0 0
MANUFCTRNG 07-07 07-06 VARIED 300
100 100 0 0
0 0 CUST
1 YR
METAL DIST 07-06 06-09 VARIED 0
0 0 0
0 0 0
CUST 21 YR
PACKAGING
07-07 00-00 NET 30 100 0
0 0 0
0 0 CUST
4 YR
PRNTG& PUBL 07-06 00-00 VARIED 0
0 0 0
0 0 0
TRUCK DLR
07-07 00-00 CONTRCT 1800
0 0 0
0 0 0
AIR TRANS
06-11 00-00 NET 30 600 0
0 0 0
0 0 CUST 10 YR
BLDG MATRL 04-09 04-04 VARIED 0
0 0 0
0 0 0
COMPUTERS
07-01 02-07 CREDIT 25000 0
0 0 0
0 0
ELEC DISTR 05-11 00-00 NET 30 3900
0 0 0
0 0 0
ELEC DISTR 05-02 00-00 NET 30 0
0 0 0
0 0 0
PROMPT
ELEC DISTR 06-09 00-00 NET 30 100
0 0 0 0 0
0 PROMPT
ELEC SUPLR 06-06 00-00 2/10N25 9000 3500
100 0 0 0 0
FACTOR
06-08 00-00 VARIED 100 100
0 200 100 100 100
FRGHT FWRD 05-11 05-11 NET 15 2300
2300 100 0 0
0 0 SATSFTRY
MACH DISTR 05-12 00-00 VARIED 0
0 0 0
0 0 0
MISC MANUF 07-02 07-02 NET 30 2900
500 100 0 0
0 0
MISC MANUF 06-10 05-08 NET 30 0
0 0 0 0 0
0 CUST 1 YR
NEWSPAPERS 05-06 04-10 NET 30 500
0 0 0
0 0 0
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0
CUST 3 YR
TELECOM
05-12 00-00 NET 30 100 100
100 0 0 0 0
TRANSPORTN 04-11 00-00 VARIED 8900
0 0 0
0 0 0
ADMIN
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 13200 6400
87 0 13
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070700
0 4 6
6500 87
0 13 0 0
20070600
0 5 6 2500 63
37 0 0 0
20070500
0 5 0 1800 98
2 0 0 0
20070400
0 5 3 800 78
22 0 0 0
20070300
0 5 7 1100 75
15 10 0 0
20070200
0 4 8 1000 69
19 12 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 5 3600 83
9 8 0 0
First
2007 5 900 77
19 4 0 0
Fourth
2006 4 1600 90
3 7 0 0
Third
2006 0 1300 100 0
0 0 0
Second
2006 2 2100 85
15 0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales / Revenues
26,000,000 - -
Management declined to provide financial statements however, they did
indicate an annual net sales figure of US$26.0 million.
The above figures are in actual US$
CURRENT OPERATIONS
NAICS Code: 3343 Audio and Video Equipment Manufacturing
Number of Employees:
150
Business Activity
The Subject is engaged as a manufacturer of loud speakers. The Firm
manufactures speakers under their own label as well under private labels.
The above address is the headquarters and sole location for the Subject.
The location is owned, and approximately 110,000 square feet, consisting of
office and manufacturing space.
PUBLIC RECORD
Name Searched: EMINENCE SPEAKER LLC
Debtor Address: EMINENCE SPEAKER, LLC
P O
EMINENCE, KY 40019-0360
Secured Parties: STOCK YARDS BANK &
TRUST COMPANY
Filing Date: 3/18/2004
Filing Number: 2004199565718
Filing Type: INITIAL FILING
A search of bankruptcy courts revealed no record of the Subject filing
for bankruptcy.
GENERAL COMMENTS
Eminence Speaker, LLC is a established company engaged as a manufacturer
of loud speakers. Payment record is satisfactory and a search of public and
bankruptcy courts revealed no derogatory information filed against the Company
nor any bankruptcies filed by the Company.
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%)