MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CUB CRAFTERS SERVICES, LLC |
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Registered Office : |
1920 South 16th Avenue, Yakima, Washington 98903, United States |
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Country : |
United States |
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Date of Incorporation : |
07/03/2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures small aircraft, small aircraft parts and other related equipment. |
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 : CUB CRAFTERS SERVICES, LLC
Address : 1920 SOUTH 16TH AVENUE
City : YAKIMA
State/Province : WASHINGTON
Zip Code : 98903
Country : UNITED STATES
Telephone : 509 248-1025
Facsimile : 509 853-2783
Legal Form : Limited Liability Company
Website : www.cubcrafters.com
@rating Opinion :
Business Activity : Cub Crafter's Services, LLC manufactures small aircraft, small aircraft parts and
other related equipment.
Founded (D/M/Y) : / /1980
As of : 31/12/2006
Sales / Revenue : 1,500,000
Net Income :
Total Equity :
Number of Employees : 15
NOTE TO CLIENT
Contact person: Mr. Jim Richmond, President.
Mr. Richmond provided the information for this report.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 07/03/2005
State/Province of Incorporation : WA
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
CUB CRAFTERS SERVICES, LLC
UBI Number : 602480766
Category : Limited Liability Regular
Profit/Nonprofit : Profit
Active/Inactive : Active
State of Incorporation : WA
Date of Incorporation : 03/07/2005
License Expiration Date : 03/31/2007
Registered Agent Information
Agent Name JAMES RICHMOND
Address 1920 S 16TH AVE
City YAKIMA
State WA
ZIP 98903
Managers/Key Personnel
Mr. Jim Richmond President & CEO
Mr. Todd Simmons Vice Pres. & Chief Financial Officer
Mr. Stan Franz Director
AFFILIATED ENTITIES
There are no affiliated companies or subsidiaries.
Parent Companies
Parent Company: Cub Crafters, Inc.
1920 South 16th Avenue, Yakima WA 98903, UNITED STATES
BANKS
Bank of America
Yakima WA
Telephone : 800 253 0783
Facsimile : 415 343 9301
Account Number :
Account Manager: Laura Plough
We have sent a fax to the bank. We are awaiting a response.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS
06-12 00-00 0000000 5100
2100 100 0 0
0 0 CUST 20 YR
BLDG MATRL 07-01 06-12 VARIED 600
0 0 0
0 0 0 CUST 7 YR
BUS SERVCS 06-12 06-08 NET 30 600
600 0 0
0 0 100
COMPUTERS
07-01 03-01 CREDIT 20000 0
0 0 0 0 0
CONST MACH 07-01 06-12 COD 1900
0 0 0
0 0 0
EQUIPMENT
06-10 00-00 NET 30 100 100
0 100 0 0
0
FINCL SVCS 07-01 06-02 VARIED 0
0 0 0
0 0 0
FINCL SVCS 07-01 06-12 VARIED 2200
500 100 0 0
0 0 CUST 2 YR
FINCL SVCS 07-01 00-00 0000000 0 0 0 0 0
0 0
FRGHT FWRD 07-01 00-00 NET30 200
200 100 0 0
0 0
HARDWARE
06-11 00-00 1/10N30 100
100 100 0 0
0 0
IRON& STEEL 07-01 00-00 NET 30 13700
13700 61
39 0 0 0
MACHINERY
06-10 05-06 NET 20 1400 0
0 0 0 0 0
METAL
06-11 00-00 CREDIT 6500 0
0 0 0 0 0
METAL DIST 06-12 00-00 VARIED 0
0 0 0
0 0 0 CUST 1 YR
OFFC SUPPL 07-01 00-00 CREDIT 15000
100 100 0 0
0 0
PACKAGING
07-01 06-12 NET 30 400 200
100 0 0 0
0 CUST 7 YR
TRUCK DLR
07-01 00-00 CONTRCT 3300
0 0 0
0 0 0
WELDING
07-01 07-01 NET 30 3800 2100
66 34 0 0 0
AIR TRANS
05-12 00-00 NET 30 1700 0
0 0 0 0 0
CUST 5 YR
CELLUL/PAG 06-09 06-06 NET 30 300
0 0 0
0 0 0 CUST 14 YR
COMPUTERS
04-02 00-00 NET 30 0 0 0 0 0
0 0
COMPUTERS
06-06 06-05 0000000 800
0 0 0
0 0 0
ELEC MFG
04-03 03-10 NET 30 1000 0
0 0 0 0 0
FACTOR
05-04 00-00 NET 30 400 300
100 0 0 0
0 CUST 3 YR
FACTOR
06-06 03-07 NET 30 0 0 0 0 0
0 0 CUST 3 YR
FREIGHT
06-09 05-09 VARIED 400 0
0 0 0 0 0
FREIGHT
05-12 05-11 VARIED 0 0 0 0 0
0 0
INDUS SUPL 04-05 00-00 1/10N30 0 0 0 0 0
0 0
LEASING
07-01 00-00 NET 30 800 800
100 0 0 0
0 CUST 2 YR
LEASING
06-12 00-00 CONTRCT 500
0 0 0
0 0 0
LEASING
07-01 00-00 CONTRCT 51700
51700 100 0 0
0 0 CUST 3 YR
PACKAGING
06-01 02-04 NET 30 0 0 0 0
0 0 0
PAINTS
04-09 00-00 VARIED 0 0 0 0 0
0 0
PAINTS
06-09 00-00 NET 30 0 0 0 0 0
0 0
PAPER PROD 06-05 00-00 VARIED 300
0 0 0
0 0 0
SPORT GDS
05-06 04-01 NET 30 0 0 0 0
0 0 0
CURRENT QUARTER 74700
19500 65 32
0 0 3
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070100
0 5 5 19700 84 13
0 0 3
20061200
0 4 7 19600 66 30
1 3 0
20061100
0 4 2 20600 93 4
3 0 0
20061000
0 4 2 18500 85 15
0 0 0
20060900
0 4 0 14300 97 3
0 0 0
20060800
0 5 0 8400 98 2
0 0 0
Payment History - Quarterly
Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
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Fourth
2006 5 19900 81 16 1
1 1
Third
2006 1 13700 92 8 0
0 0
Second
2006 3 8800 80 20 0
0 0
First
2006 3 8800 89 9 0
1 1
Fourth
2005 5 7600 76 22 0 2 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Consolidated Consolidated
Sales / Revenues 1,500,000 1,500,000 -
Mr. Richmond stated the Company's financial net sales for 2006 were in the USD 1.5 Million.
CURRENT OPERATIONS
NAICS Code: 336411 Aircraft Manufacturing
SIC Code: 3721
Number of Employees: 15
Business Activity
Cub Crafter's Services, LLC manufactures small aircraft, small aircraft parts and other related equipment.
The Company manufactures aircraft parts and equipment for the assemby of new and refurbished Piper PA-18 Super Cub planes.
The above address is the headquarter address and sole location, which is leased for 40 years and is approximately 18,000 square feet.
PUBLIC RECORD
There are no legal filings against the Company.
A search of bankruptcy courts revealed no record of a Company by this name filing for bankruptcy.
GENERAL COMMENTS
The Company is a well established aircraft parts and equipment manufacturer. Payment history indicates that the Subject is efficient with its payments. No legal filings against the Company were found. The Subject is considered to be responsible for normal business tranactions.
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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