MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SPICES
USA, INC. |
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Registered Office : |
8410
Northwest 93rd Street, Medley, Florida 33166 , United States |
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Country : |
United
States |
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Date of Incorporation : |
15.11.1993 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Importer and wholesaler of spices and seasonings. |
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 : SPICES USA, INC.
Address : 8410 NORTHWEST 93RD
STREET
City : MEDLEY
State/Province : FLORIDA
Zip Code : 33166
Country : UNITED STATES
Telephone : 305 884-9941
Facsimile : N/A
Legal
Form : Corporation -
Private
Website : www.spicesusa.com
@rating
Opinion :
Business
Activity : Importer and
wholesaler of spices and seasonings.
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
NOTE TO CLIENT
REQUESTED
NAME: The name requested, Mr. Edwin Cho
Spaces U.S.A. Inc., is not a legal name.
The correct legal name for the Subject is Spices USA, Inc.
PERSON
CONTACTED: Ms. Amy Lopez - Office
Administrator
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
15/11/1993
State/Province
of Incorporation : FL
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
FLORIDA
SECRETARY OF STATE
Legal
Name :
SPICES USA, INC.
ID
Number :
P93000071644
Incorporation
Date : 10/15/1993
Jurisdiction : FL
Status : ACTIVE
Registered
Agent : THE LAW FIRM
LAWRENCE J SPIEGEL, CHARTERED
343
ALMERIA AVE, CORAL GABLES FL 33134
Managers/Key Personnel
Mr.
Edwin Cho
President
AFFILIATED ENTITIES
The
Company does not have any subsidiaries, a parent or any other affiliations.
BANKS
FL
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
primary bank for the Company could not be identified.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 06-10 00-00 NET 30 0
0 0 0
0 0 0 CUST 2 YR
AIR TRANS
06-11 00-00 0000000 400 300 100 0 0
0 0 CUST 12 YR
FINCL SVCS 06-12 00-00 0000000 0 0 0 0 0
0 0 SATSFTRY
PAPER DIST 06-12 04-07 0000000 0 0 0 0 0
0 0 CUST 2 YR
PAPER DIST 06-12 05-07 1/10N30 1900 0
0 0 0 0
0 CUST 2 YR
AIR TRANS
05-12 00-00 NET 30 100 0
0 0 0 0 0
CUST 7 YR
CHEMICALS
04-07 04-06 NET 30 800 800
100 0 0 0
0
COMPUTERS
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
FINCL SVCS 05-01 00-00 VARIED 100
100 0 0
0 0 100 WRITE-OFF
LEASING
06-12 00-00 NET 30 200 0
0 0 0 0 0
CUST 2 YR
LEASING
06-11 00-00 CONTRCT 500
500 100 0 0
0 0 CUST 2 YR
TRANSPORTN 04-08 00-00 NET 30 0
0 0 0
0 0 0 CUST < 1 Y
CURRENT QUARTER 2300
300 100 0 0
0 0
Payment
Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ % 30
60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061200
0 5 0 300 100
0 0
0 0
20061100
0 5 0 100 100
0 0
0 0
20061000
0 5 0 400 100 0 0
0 0
20060900
0 5 0 400 100
0 0
0 0
20060800
0 6 0 400 100
0 0
0 0
20060700
0 6 0 400 100
0 0
0 0
Payment History - Quarterly
Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third
2006 0 400 100 0 0 0
0
Second
2006 0 0 0 0 0
0 0
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0
0 0 0
Third
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
Ms. Lopez declined to provide any financial information on the
Subject, citing Company policy. Outside sources failed to provide any insight.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Business Activity
Importer and wholesaler of spices and seasonings.
The Company imports from all over the world. Sales are to local specialty food shops and other food stores.
The heading address is the sole location for the Company.
PUBLIC RECORD
Name Searched : SPICES U.S.A. INC.
Debtor Address : SPICES USA, INC.
7332 NW 79TH TERRACE, MIAMI, FL 33166
Secured Parties : GE CAPITAL SMALL BUSINESS FINANCE CORPORATION
Filing Date : 7/8/2002
Filing Number : 200201611218
Filing Type : INITIAL FILING
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Name Searched : SPICES U.S.A. INC.
Debtor Address : SPICES USA, INC.
Secured Parties : CITIBANK, F.S.B.
Filing Date : 2/1/2002
Filing Number : 200200259235
Filing Type : CONTINUATION
Original Filing Number : 970000130442
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Name Searched : SPICES U.S.A. INC.
Debtor Address : SPICES USA INC
7332 NW 79TH TERR MIAMI, FL 33166
Secured Parties : THE MANIFEST GROUP
Filing Date : 1/4/2000
Filing Number : 200000002666
Filing Type : INITIAL FILING
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Name Searched : SPICES U.S.A. INC.
Debtor Address : SPICES USA, INC.
7332 NW 79TH TERRACE MIAMI, FL 33166
SPICES USA, INC.
7332 NW 79TH TERRACE MIAMI, FL 33166
Secured Parties : BANKUNITED, FSB BANKUNITED, FSB
Filing Date : 1/30/2004
Filing Number : 200406048760
Filing Type : INITIAL FILING
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NOTE: A nationwide search of bankruptcy courts shows no bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Spices USA, Inc. is engaged as an importer and wholesaler of spices. Their payment history is excellent, indicating that they pay their outstanding debts within agreed terms. No derogatory information was found involving the Firm. Financial information could not be obtained.
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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