MIRA INFORM REPORT

 

 

Report Date :

17.08.2007

 

IDENTIFICATION DETAILS

 

Name :

AUTOMATED CONTROL SYSTEMS USA

 

 

Registered Office :

14655 Northwest Freeway Suite No.109, Houston, Texas, 77040,

 

 

Country :

United States

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

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

No Rating

 

Status :

Undetermined

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : AUTOMATED CONTROL SYSTEMS USA

Address                        : 14655 NORTHWEST FREEWAY SUITE NO.109

City                              : HOUSTON

State/Province               : TEXAS                                

Zip Code                       : 77040                       

Country                         : UNITED STATES               

Telephone                     : 713 460-0975                

Facsimile                      : 713 460-9638

Legal Form                    : --

Business Activity           : --

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

 

 

NOTE TO CLIENT

 

We were unable to learn enough information about the Company. Please see below for more details.

 

 

IMPERATIVES

 

There was no registration for the Company with the Secretary of the State of Texas.

 

We called the Company and spoke to Mr. Wendel Sonnier, President, who provided very limited information on the Company.

 

We did confirm with Mr. Sonnier that the heading address is the Company's headquarters and that they conduct business as " Automated Control Systems USA." 

 

We have also performed a nationwide search of Secretaries of States for fictitious or legal names under " Automated Control Systems USA" , however we could not locate any registration for the Company.

 

We believe the Subject to be operating as a sole Proprietorship. A nationwide of search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under  the provided name.

 

We have sent a written request to Mr. Wendel Sonnier's attention. Currently we have not received a response.

 

This is a full investigation

 

 

LEGAL

 

Legal Form:

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

 

FINANCIAL INFORMATION

 

No financial information could be obtained.

 

 

CURRENT OPERATIONS

 

NAICS Code:   999       Unclassified Establishments

 

 


 

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.

 

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