MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
INDUSTRIAL STEEL & WIRE COMPANY OF ILLINOIS, L.L.C. |
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Registered Office : |
1901 North Narragansett Avenue, Chicago, Illinois 06039, United States |
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Country : |
United States |
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Date of Incorporation : |
19.12.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributes wire and strip products. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : INDUSTRIAL STEEL & WIRE COMPANY OF ILLINOIS, L.L.C.
Address : 1901 NORTH NARRAGANSETT AVENUE
City : CHICAGO
State/Province : ILLINOIS
Zip Code : 06039
Country : UNITED STATES
Telephone : 773 804-0404
Facsimile : 773 804-0408
Legal Form : Limited Liability Company
Website : www.industeel.com
@rating Opinion :
Business Activity : Industrial Steel & Wire Company of Illinois, L.L.C. distributes wire and strip products.
Founded (D/M/Y) : / /1935
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 30
NOTE TO CLIENT
Contact person: Mr. Wayne Bennett, Controller.
Mr. Bennett provided the information for this report.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 19/12/1996
State/Province of Incorporation : DE
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is registered in the state of Delaware:
File Number : 2697220
Incorporation Date / Formation Date : 12/19/1996
Entity Name : INDUSTRIAL STEEL & WIRE COMPANY OF ILLINOIS, L.L.C.
Entity Kind : LIMITED LIABILITY COMPANY (LLC)
Entity Type : GENERAL
Residency : DOMESTIC
State : DE
REGISTERED
AGENT INFORMATION
Name : REGISTERED AGENT SOLUTIONS, INC.
Address : 15 EAST NORTH STREET
City : DOVER County: KENT
State : DE Postal Code: 19901
==
The
Company is qualified in the state of Illinois:
Entity Name INDUSTRIAL STEEL & WIRE COMPANY OF ILLINOIS, L.L.C.
File Number 00097187
Status GOODSTANDING
On 11/15/2006
Entity Type LLC
Type of LLC Foreign
File Date 12/26/1996
Jurisdiction DE
Agent Name RICHARD L. WEISS
Agent Change Date 12/01/2004
Agent Street Address ONE E. WACKER DR. STE 2626
Principal Office 1901, N. NARRAGANSETT AVE. CHICAGO 60639
Agent City CHICAGO
Management Type MGR
Agent Zip 60601
Dissolution Date 12/01/2026
Annual Report Filing Date 11/15/2006 For Year 2006
Managers/Key Personnel
Mr. Wayne Bennet Controller
Mr. Brian Furlong Executive Vice President
Mr. Ralph Furlong President
Wire Industries, Inc.- Managing Member
AFFILIATED ENTITIES
Mr. Bennet provided the Company's four affiliates, which operate as individual limited liability companies:
Industrial Steel & Wire Company of Ohio, LLC
Industrial Steel & Wire Company of North Carolina, LLC
Industrial Steel & Wire Company of California
Industrial Steel & Wire Company of Connecticut
The Company has no subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Bennett declined to disclose the banking information.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
OFFC SUPPL 07-01 00-06 CREDIT 1300
0 0 0
0 0 0
UTILITY
07-01 06-12 ROI 1700 1100
100 0 0 0
0 SATSFTRY
AIR TRANS
05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 12 YR
ELEC MFG
04-03 03-12 NET 30 400 200
100 0 0 0
0
FREIGHT
06-09 06-08 VARIED 2500 2500
100 0 0 0
0
LEASING
04-10 00-00 VARIED 1300 400
0 100 0 0
0
TRANSPORTN 04-11 00-00 VARIED 100
0 0 0
0 0 0
CURRENT QUARTER 3000
1100 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070100
0 4 0 1300 100
0 0
0 0
20061200
0 6 0 400 100
0 0
0 0
20061100
0 5 0 600 100
0 0
0 0
20061000
0 6 0 600 100
0 0
0 0
20060900
0 7 0 1400 100 0 0 0
0
20060800
0 6 0 1900 100
0 0
0 0
Payment History - Quarterly
Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ %
30 60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 0 800 100 0 0 0
0
Third
2006 0 1300 100 0 0 0
0
Second
2006 0 700 100 0 0 0
0
First
2006 0 600 100 0 0 0
0
Fourth
2005 0 200 100 0 0 0
0
FINANCIAL INFORMATION
Mr. Bennet declined to provide financials.
CURRENT OPERATIONS
NAICS Code: 493 Warehousing and Storage Facilities
NAICS Code: 331222 Steel Wire Drawing
NAICS Code: 212231
Number of Employees: 30
Business Activity
Industrial Steel & Wire Company of Illinois, L.L.C. distributes wire and strip products.
The Company warehouse and distributes round, flat and shaped wires, as well as carbon and stainless steel strips that are components for a variety of items, from toys to airplanes.
The above address is the headquarters. The facility is owned and is approximately 150,000 square feet.
PUBLIC RECORD
The legal filing below was found against the Company:
Amount : $ 4,053.74
Attorney : PRO SE
Case Name : INDUSTRIAL STEEL & WIRE COMPANY
Case Number : 01M1 0132736
Creditor : BLP INC
Debtors : INDUSTRIAL STEEL & WIRE COMPANY
1901 N NARRAGANSETT AV, CHICAGO, IL 60639-3829
Filing Date : 12/6/2001
Type : JUDGMENT
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Company distributes wire and strip products. Payment history is satisfactory. There was one legal filing found against the Company; however no bankruptcy filing by the Subject. The Company should be considered responsible to conduct business activities.
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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