MIRA
INFORM REPORT
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Report Date : |
14.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CONTROL SWITCHES
INTERNATIONAL, INC. |
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Registered Office : |
2425 Mira Mar
Avenue, |
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Country : |
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Date of Incorporation : |
13/06/1977 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer and
supplier of electrical switches and control panels. |
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: CONTROL
SWITCHES INTERNATIONAL, INC.
Address: 2425
MIRA MAR AVENUE
City:
State/Province:
Zip Code: 90815
Country: UNITED
STATES
Telephone: 562
498-7331
Facsimile: 562
498-5894
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 25
Legal Form: Private
Company
Website: www.controlswitches.com
Business Activity: The Subject is a manufacturer and
supplier of electrical switches and control panels.
NOTE TO CLIENT
Person Contacted:
Ms. Clara Jully, Accounting Department.
Our contact verified
all the information in this report. In addition, Ms. Jully requested a written
inquiry to be faxed. We will conduct an
update if she responds to us at a later time.
LEGAL
Legal Form: Private
Company
Since (D/M/Y): 13/06/1977
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
CONTROL SWITCHES
INTERNATIONAL, INC.
Number:
C0821249
Date Filed:
6/13/1977
Status: active
Jurisdiction:
Address
2425 MIRA MAR AVE
Agent for Service of Process
DONALD J ARMSTRONG
533 PASEO ESTRELLAS
Managers/Key
Personnel
Mr. Donald J.
Armstrong President
AFFILIATED ENTITIES
Management reports
no affiliates or subsidiaries.
BANKS
Wells Fargo Bank
Telephone: 800
780-6966
Facsimile:
Account Number:
Account Manager:
The Bank requires an
account number and signed authorization which could not be obtained from
management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BLDG MATRL 07-07 04-05 VARIED 0
0 0 0 0
0 0 CUST
3 YR
FINCL SVCS 07-07 07-06 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
FREIGHT
07-04 07-03 VARIED 9600 1000
100 0 0 0 0
OFFC SUPPL 07-06 06-06 CREDIT 1500
100 100 0 0
0 0
AIR TRANS
05-08 05-08 100 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0
0 0 CUST
7 YR
CRED CARD
07-06 07-04 REVOLVE 800
800 100 0 0
0 0 CUST 38 YR
CRED CARD
07-01 00-00 REVOLVE 0 0
0 0 0
0 0 CUST 24 YR
FINCL SVCS 06-03 06-03 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
OFFC SUPPL 07-01 05-07 CREDIT 5800
0 0 0
0 0 0
CURRENT QUARTER 11100 1100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 6 0
1100 100 0
0 0 0
20070600
0 6 0 1000 100 0
0 0 0
20070500
0 5 0 1000 100 0
0 0 0
20070400
0 4 0 0 0
0 0 0 0
20070300
0 4
0 0 0
0 0 0 0
20070200
0 5 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 1000 100 0
0 0 0
First
2007 0 0 0
0 0 0 0
Fourth 2006 0 0 0
0 0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 2500 100 0
0 0 0
FINANCIAL INFORMATION
Management would not
disclose any financial information when contacted citing confidentiality. Outside sources indicate an estimated annual
sales of 10 million U.S dollars, subject to confirmation.
CURRENT OPERATIONS
NAICS Code: 335314
Relay and Industrial Control Manufacturing
SIC Code: 3625
Number of Employees
: 25
Business Activity:
The Subject is a
manufacturer and supplier of electrical switches and control panels. The Company offers power and camera switches,
disconnect switches, pushbuttons, pilot lights and selector switches, terminal
blocks, custom track, control design and manufacturing.
The heading address
is the Company's sole location.
PUBLIC RECORD
Debtor(s): CONTROL SWITCHES INTERNATIONAL, INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): WELLS FARGO BANK BUSINESS
LENDING OPERATIONS
177 PARK CENTER PLZ
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Debtor(s): CONTROL SWITCHES INTERNATIONAL INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): MINOLTA BUSINESS SYSTEMS
POB 728
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A search of
bankruptcy courts revealed no record of the Company filing for bankruptcy.
GENERAL COMMENTS
Control Switches
International, Inc. was incorporated in 1977. The Subject is a manufacturer and
supplier of electrical switches and control panels. Payment are considered to
be satisfactory and a search of public records and bankruptcy courts returned no
derogatory information or record of the Company filing a bankruptcy petition.
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. |
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%)