MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
PELLETS LLC |
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Registered Office : |
63 Industrial Drive, North Tonawanda, New York 14120, United States |
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Country : |
United States |
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Date of Incorporation : |
25.08.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures ands supplies carbon cut-wire to the automotive industry. |
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 : PELLETS LLC
Address : 63 INDUSTRIAL DRIVE
City : NORTH TONAWANDA
State/Province : NEW YORK
Zip Code : 14120
Country : UNITED STATES
Telephone : 716 693-1750
Facsimile : 716 693-1880
Legal Form : Limited Liability Company
Website : www.pelletsllc.com
@rating Opinion :
Business Activity : Pellets LLC. manufactures ands supplies carbon cut-wire to the automotive
industry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 25
NOTE TO CLIENT
Contact Person: Mr. Mike Deakin
Position: President
Mr. Mike Deakin responded to most general information via the telephone interview. Moreover, he declined all financial details and deferred a written request. The information in the report was retrieved from the telephone interview and the Company's website.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 25/08/2004
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in New York under the following registration:
Current Entity Name : PELLETS LLC
Initial DOS Filing Date : AUGUST 25, 2004
County : NIAGARA
Jurisdiction : NEW YORK
Entity Type : DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
PELLETS LLC
369 RIVER ROAD
NORTH TONAWANDA, NEW YORK, 14120
Registered Agent
NONE
Managers/Key Personnel
Mr. Mike Deakin President
Mr. Tim Deakin Director & General Manager
Mr. Kevin Deakin: Vice President
AFFILIATED ENTITIES
Mr. Mike Deakinn stated that there are no affiliated companies or businesses.
Parent Companies
Parent Company: Val-Kro, Inc.
369 River Road
Buffalo NY 14120
UNITED STATES
Telephone: (716) 694-5001
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name and account number for its primary bank citing Company confidentiality.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG
07-01 00-00 NET 30 0 0 0 0 0
0 0 CUST 4 YR
COMPUTERS
07-01 04-01 CREDIT 15000 0
0 0 0 0 0
FINCL SVCS 07-01 04-10 CONTRCT 700 0
0 0 0 0 0
CUST 6 YR
OFFC SUPPL 07-01 04-05 CREDIT 7500
0 0 0
0 0 0 ACCTCLOSED
PACKAGING
07-01 00-00 NET 30 200 0
0 0 0 0 0 CUST 4 YR
PETROLEUM
07-01 04-11 VARIED 0 0 0 0 0
0 0 ACCTCLOSED
AIR TRANS
05-09 05-08 100 0
0 0 0 0 0
AIR TRANS
05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
FREIGHT
06-09 06-02 VARIED 900
0 0 0
0 0 0
OFFC SUPPL 04-03 04-03 NET 30 100
100 100 0 0
0 0 CUST 9 YR
PETROLEUM
04-10 00-00 VARIED 200 200
100 0 0 0
0 PROMPT
TRUCK DLR
05-08 00-00 CONTRCT 500 200
0 100 0 0
0
CURRENT QUARTER 22700
0 0 0
0 0 0
FINANCIAL INFORMATION
Mr. Mike Deakin deferred all financial details via telephone and a written request. In addition, outside sources failed to add any insight into the condition of the firm.
HISTORY
Pellets, founded in 1948, pioneered the development of cut-wire shot (Pellets) for peening.
CURRENT OPERATIONS
NAICS Code: 33593 Wiring Device Manufacturing
Number of Employees: 25
Business Activity
Pellets LLC. manufactures ands supplies carbon cut-wire to the automotive industry.
Pellets LLC manufactures different types of cut-wire shot that are in stainless steel, aluminum, zinc, copper and nickel. The Company distributes other abrasives including: cast steel shot and grit, glass beads, aluminum oxide as well as pins for plating filler. Pellets LLC mainly supplies its products to various company including; General Electric, New Venture Gear, General Motors to many other distributors and job shops.
The above address is the sole location and corporate headquarters for the firm.
PUBLIC RECORD
A nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Pellets LLC., is engaged in business since 1948 specialized in manufacturing and supplying abrasive products, especially carbon cut-wire to the automotive industry. The payment record appears satisfactory and the operating history is clear.
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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