MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
PRINTER
ESSENTIALS.COM, INC |
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Registered Office : |
5190 Neil Road Suite 205, Reno,
Nevada 89502, United States |
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Country : |
United
States |
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Date of Incorporation : |
2000 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesalers
compatible imaging supplies |
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: PRINTER
ESSENTIALS.COM, INC.
Address: 5190
NEIL ROAD SUITE 205
City: RENO
State/Province: NEVADA
Zip Code: 89502
Country: UNITED
STATES
Telephone: 800-965-1180
Facsimile: 775-850-2630
Legal Form: Corporation
- Private
Website: www.printeressentials.com
@rating Opinion:
Founded (D/M/Y): /
/2000
As of: 31/12/2005
Sales / Revenue: 40,000,000
Net Income:
Total Equity:
Number of Employees: 50
Business Activity:
The Company wholesales compatible
imaging supplies.
NOTE TO CLIENT
Ordered Name: PRINTER ESSENTIALS
INC.
Legal Name: PRINTER
ESSENTIALS.COM, INC.
Ms. Shaunna Gamboa, Controller,
provided the following information contained in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 10/01/2000
State/Province of
Incorporation: NV
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report. The Company is incorporated in the state of
Nevada:
PRINTER ESSENTIALS.COM, INC.
Status : Active
File Date : 1/10/2000
Type : Domestic Corporation
Corp Number :
C500-2000
Qualifying State : NV
Resident Agent Information
Name : CSC Address 1: 502 E JOHN ST
Address 2 : City: CARSON CITY
State : NV Zip
Code: 89706
Managers/Key Personnel
Mr. Mark Hickin President
Mr. Dan Ghammachi Vice President
Ms. Shaunna Gamboa Controller
AFFILIATED ENTITIES
Management reports no affiliates
or subsidiaries.
BANKS
Bank of the West
NV
Telephone:
Facsimile:
Account Number:
Account Manager:
Management agreed to provide the
account number for its primary bank. If they respond the reference will be
contacted and the information will be forwarded on immediately. Please not that
it is our experience that these requests could take several days before they
respond.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
COMPUTERS 06-08 00-00 0000000 1600
1600 100 0 0
0 0
COMPUTERS 06-08 04-05 CREDIT
5000 0 0
0 0 0 0
COMPUTERS 06-06 06-05 0000000 1800
1800 0 30
70 0 0
FACTOR 06-06 01-09 NET 30
0 0 0
0 0 0 0
OFFC SUPPL 06-08 06-03 CREDIT 1000
0 0 0
0 0 0
TELECOM 06-08 00-00 NET 30
800 200 100 0
0 0 0
AIR TRANS 05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 2 YR
ADMIN 05-05 00-00 CREDIT
0 0 0
0 0 0 0 CUST 37 YR
CURRENT QUARTER 8600
2000 11 27
62 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20060800 0 6 28 2400 23 23
54 0 0
20060700 0 6 28 2300 22 23
55 0 0
20060600 0 6 11 1900 29 71
0 0 0
20060500 0 6 0 400 100
0 0
0 0
20060400 0 6 0 1100 100 0 0
0 0
20060300 0 7 0 2000 100 0 0
0 0
Payment History -
Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2006 0 300 100 0 0 0
0
First
2006 0 600 100 0 0 0
0
Fourth
2005 0
900 100 0 0
0 0
Third
2005 0 300 100 0 0 0
0
Second
2005 0 400 100 0 0 0
0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales / Revenues 40,000,000 - -
Management agreed to provide
financial statements. If they respond the report will be amended at that time.
Management did, however, disclose an annual net sales figure of US$40 million.
HISTORY
The Company was founded in 2000
by Mr. Chuck Morris and Mr. Bob Willmes.
CURRENT OPERATIONS
NAICS Code: 32311
Printing
Number of Employees: 50
Business Activity
The Company wholesales compatible
imaging supplies.
The heading address is Company's
headquarters where it oversees day-to-day operations. The building is leased
however the facility size could not be learned. Management stated that the
Company has two branch locations, which serve as warehouses in Tennessee and
Nevada.
PUBLIC RECORD
The following uniform commercial
codes were filed by the Company:
Name Searched : PRINTER ESSENTIALS.COM
Debtor Address : PRINTER ESSENTIALS.COM, INC.
5190 NEIL ROAD, SUITE 205
RENO, NV 89502
Secured Parties : BANK OF THE WEST
Filing Date : 2/24/2006
Filing Number : 2006006142-0
Filing Type : INITIAL FILING
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Name Searched : PRINTER ESSENTIALS.COM
Debtor Address : PRINTER ESSENTIALS.COM INC
8690 TECHNOLOGY WAY
Secured Parties : RAYMOND LEASING CORPORATION
Filing Date : 5/24/2004
Filing Number : 2004016354-7
Filing Type : INITIAL FILING
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A search of bankruptcy courts
revealed no record of the Company filing for bankruptcy.
GENERAL COMMENTS
Founded in 2000, the Company is
an established wholesaler of compatible imaging supplies. Payment are
considered to be generally 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/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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