MIRA INFORM REPORT

 

 

Report Date :

23rd February, 2007

 

IDENTIFICATION DETAILS

 

Name :

ALNOR OIL COMPANY, INC.

 

 

Registered Office :

70 East Sunrise Highway Suite 418, Valley Stream, New York 11518, United States

 

 

Country :

United States

 

 

Date of Incorporation :

30.01.1997

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Wholesaler of imported and domestic vegetable oils.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name                       : ALNOR OIL COMPANY, INC.

Address                                  : 70 EAST SUNRISE HIGHWAY SUITE 418

City                                        : VALLEY STREAM               

State/Province                         : NEW YORK                             

Zip Code                                 : 11518                        

Country                                   : UNITED STATES               

Telephone                : 516.561.6146                

Facsimile                                : 516.561.6123                

Legal Form                              : Corporation - Private

Website                                  : www.alnoroil.com

@rating Opinion                       :

Business Activity                     : The Company is a wholesaler of imported and domestic vegetable oils.

Founded (D/M/Y)                     :      /  /1968

As of                                      :

Sales / Revenue                      :

Net Income                             :

Total Equity                             :

Number of Employees              : 11

 

 

NOTE TO CLIENT

 

Contacted person Mr.Gordon Kaplan, Vice President/Treasurer.

 

Mr.Kaplan provided or confirmed the information in this report. He declined to provide detailed financial information about the Company. He did say the Company is on pace to do 40 million dollars in sales this year.

 

 

LEGAL

 

Legal Form                              : Corporation - Private                     

Since (D/M/Y)                         : 30/01/1997

State/Province of Incorporation  : DE

Status                                    : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

 

The Company is incorporated in the State of Delaware.

 

File Number                                            : 2712441

Incorporation Date / Formation Date          : 01/30/1997

Entity Name                                           : ALNOR OIL COMPANY, INC.

Entity Kind                                             : CORPORATION Entity Type: GENERAL

Residency                                              : DOMESTIC State: DE

 

REGISTERED AGENT INFORMATION

 

Name                      : UNITED CORPORATE SERVICES, INC.

Address                   : 874 WALKER ROAD, SUITE C

City                         : DOVER County: KENT

State                       : DE Postal Code: 19904

 

Phone                     : (877)734-8300

 

The Company is qualified in the State of New York.

 

Entity Name                            : ALNOR OIL COMPANY, INC.

Current Entity Name                : ALNOR OIL COMPANY, INC.

Initial DOS Filing Date              : JUNE 29, 2006

County                                    : NASSAU

Jurisdiction                              : DELAWARE

Entity Type                             : FOREIGN BUSINESS CORPORATION

Current Entity Status               : ACTIVE

 

Entity Address

ALNOR OIL COMPANY, INC.

70 E SUNRISE HIGHWAY STE 418

VALLEY STREAM, NEW YORK, 11581-1221

 

Registered Agent

NONE

 

 

Managers/Key Personnel

 

Ms. Marjorie Klayman                             President

Mr. Gordon Kaplan                                  Vice President &  Treasurer

Mr. Ray Linke                                                        Sales Manager

 

 

AFFILIATED ENTITIES

 

There are no affiliates or subsidiaries.

 

 

BANKS

 

HSBC

 

NY

Telephone: 631.752.4365

Facsimile:

Account Number:

Account Manager:

We left a message on Mr. Lamentia's voice mail requesting banking information. If we receive a response, an update will be provided.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 DP SERVCS  06-11 06-10 0000000 0        0        0   0   0   0   0   CUST  5 YR

 

FOOD       06-11 06-10 VARIOUS 290000   133000   73  27  0   0   0   CUST 17 YR

 

 FREIGHT    06-08 06-04 VARIED  4000     4000     100 0   0   0   0

 OFFC SUPPL 06-11 06-10 CREDIT  3000     100      100 0   0   0   0

 PACKAGING  06-09 00-00 NET 30  0        0        0   0   0   0   0   CUST  3 YR

 TRANSPORTN 06-10 00-00 NET 20  0        0        0   0   0   0   0   CUST 11 YR

 AIR TRANS  05-09 05-09         100      0        0   0   0   0   0

 AIR TRANS  05-12 00-00 NET 30  0        0        0   0   0   0   0   CUST  3 YR

 BUS SERVCS 04-02 01-03 NET 30  0        0        0   0   0   0   0

 GENERAL    05-02 98-08 NET 30  0        0        0   0   0   0   0   CUST 22 YR

 GROCERY    05-01 00-00 DISCNT  64800    17600    0   100 0   0   0   PAYS-SLOW

 LEASING    06-06 00-00 CONTRCT 2200     0        0   0   0   0   0

 OFFC SUPPL 05-11 05-08 CREDIT  1200     100      100 0   0   0   0   CUST 11 YR

 CURRENT QUARTER                297000   137100   74  26  0   0   0

 

 Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20061100  0      6         0            263200   100 0   0   0   0

 20061000  0      5         0            166200   100 0   0   0   0

 20060900  0      5         2            180300   86  14  0   0   0

 20060800  0      6         0            268700   100 0   0   0   0

 20060700  0      6         3            259200   77  23  0   0   0

 20060600  0      6         0            181400   100 0   0   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 Third    2006              1            205100   96  4   0   0   0

 Second   2006              2            176500   89  11  0   0   0

 First    2006              2            184800   87  13  0   0   0

 Fourth   2005              3            173400   82  18  0   0   0

 Third    2005              6            226000   64  33  3   0   0

 

 

FINANCIAL INFORMATION

 

Management declined to provide financial information about the Company. But said the Company is on pace to do 40 million dollars in sales this year.

 

 

CURRENT OPERATIONS

 

NAICS Code                            : 42        Wholesale Trade

 

Number of Employees              : 11

 

 

Business Activity

 

The Company is a wholesaler of imported and domestic vegetable oils.

The heading address is the sole location of the Company.

 

 

PUBLIC RECORD

 

No liens, judgments or bankruptcy filings were found.

 

 

GENERAL COMMENTS

 

Founded in 1968, the Subject is a well established vegetable oil wholesaler. Payment history indicates that the Subject is efficient with its payments. Legal indicate no negative litigation taken against the Subject. Thus, the Company is considered to be responsible for normal business transactions.

 

 

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/normal.

 

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