MIRA
INFORM REPORT
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Report Date : |
1st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HADCO METAL TRADING CO., LLC |
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Registered Office : |
104-20 Merrick Boulevard, Jamaica, New York 11433, United States |
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Country : |
United States |
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Date of Incorporation : |
11.01.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer and exporter of metal 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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : HADCO METAL TRADING CO., LLC
Address : 104-20 MERRICK BOULEVARD
City : JAMAICA
State/Province : NEW YORK
Zip Code : 11433
Country : UNITED STATES
Telephone : 718 291-8060
Facsimile : 718 291-8388
Legal Form : Limited Liability Company
Website : www.hadco-metal.com
Maj. Shareholder : Scope Metal Trading Ltd.
@rating Opinion :
Business Activity : Importer and exporter of metal products.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 130
NOTE TO CLIENT
PERSON CONTACTED: Mr. Gilad Fishman - Chief Executive Officer
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 11/01/2006
State/Province of Incorporation : DE
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
DELAWARE SECRETARY OF STATE
ID Number : 4092700
Incorporation Date : 01/11/2006
Legal Name : HADCO METAL TRADING CO., LLC
Jurisdiction : DE
REGISTERED AGENT : CORPORATION SERVICE COMPANY
2711 CENTERVILLE ROAD SUITE 400, WILMINGTON, DE 19808
Phone : (302)636-5401
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NEW YORK SECRETARY OF STATE
Legal Name : HADCO METAL TRADING CO., LLC
Incorporation Date : FEBRUARY 10, 2006
Jurisdiction : DELAWARE
Status : ACTIVE
Registered Agent : NONE
NOTE: New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Gilad Fishman Chief Executive Officer
OWNERS
Scope Metal Trading Ltd. 100.00% Majority
AFFILIATED ENTITIES
The Company does not have any subsidiaries. They are a wholly owned subsidiary of Scope Metal Trading and Technical Services Ltd., a publicly traded company in Israel. The Subject is affiliated with the following companies through common ownership:
Shintu Inc. - New York
Material Technology Solutions L.L.C - New Jersey
Primapol-Metal-Spot s.r.o. - Prague, Czech Republic
Gilinox s.r.l - Bucharest, Romania
Dalian Best Metals Ltd. - Dalian, China
Parent Companies
Parent Company : Scope Metal Trading Ltd.
3 Hamerkava Street, Bne Ayish N/A 79845, ISRAEL
Telephone : +972-8-8631000
WEBSITE : www.scope-metal.com
EMPLOYEES : 500
FOUNDER : Mr. Uri Shiloh
CHAIRMAN : Mr. Shmuel Shiloh
CFO : Mr. Mr. Gil Haver
NOTE: The following financial statements were obtained directly from their annual report and is for the year ended 12/31/2005. All figures are expressed thousands of US dollars.
Total Current Assets : 172,249
Total Assets : 213,365
Total Current Liabilities : 60,906
Total Liabilities : 150,206
Total Equity : 63,159
Total Sales : 131,185
Gross Income : 38,652
Net Income : 9,127
STOCK QUOTE
Ticker : SCOP
Exchange : Tel Aviv Stock Exchange
BANKS
Leumi Bank
NY
Telephone : 212 626-0056
Facsimile :
Account Number :
Account Manager : Dr. Avram Keusch
A credit reference could not be obtained on the Subject's account without signed authorization or an account number.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
COMPUTERS
06-12 06-11 CREDIT 10000 2200
100 0 0 0
0
ELEC SUPLR 06-12 01-06 NET 30 0
0 0 0
0 0 0 CUST 8 YR
FINCL SVCS 06-12 00-00 VARIED 0
0 0 0
0 0 0
FINCL SVCS 06-12 05-06 CONTRCT 200 0
0 0 0 0 0
CUST 2 YR
FINCL SVCS 06-12 00-00 0000000 0 0 0 0 0
0 0 SATSFTRY
FOOD
06-12 01-02 VARIED 0 0 0 0 0
0 0 CUST 9 YR
FREIGHT
06-09 06-02 VARIED 800 0
0 0 0 0 0
METAL DIST 06-10 06-10 VARIED 29700
29700 100 0 0
0 0 CUST 12 YR
OFFC SUPPL 06-09 06-07 NET 1400
0 0 0
0 0 0 CUST 2 YR
OFFC SUPPL 06-12 06-10 NET 30 800
0 0 0
0 0 0 CUST 16 YR
PETROLEUM
06-12 06-10 VARIED 700 100
100 0 0 0 0
CUST 33 YR
TRUCK DLR
06-12 00-00 CONTRCT 4200
900 77 23
0 0 0
ADV MEDIA
04-11 00-00 VARIED 0 0 0 0 0
0 0
AIR TRANS
05-09 05-09 100 0
0 0 0 0 0
AIR TRANS
05-12 00-00 NET 30 100 0
0 0 0 0 0
CUST 7 YR
FINCL SVCS 06-03 06-02 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
FRGHT FWRD 04-01 00-00 NET 30 100
100 0 0
0 0 100
IRON& STEEL 05-08 00-00 NET 30 400
400 100 0 0
0 0
LEASING
05-04 00-00 NET 30 600 600
0 25 25 25 25
CUST 4 YR
METAL DIST 04-05 04-04 NET EOM 2600 2600
0 100 0 0
0
PETROLEUM
04-03 00-00 VARIED 600 600
100 0 0 0
0 PROMPT
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0
CURRENT QUARTER 47800
32900 99 1
0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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20061200
0 6 0 34500 99 1
0 0 0
20061100
0 6 1 33300 97 2
1 0 0
20061000
0 5 11
28900 32 66 2 0
0
20060900
0 5 1 25300 94 6
0 0 0
20060800
0 6 1 5500 92 8
0 0 0
20060700
0 6 4 2800 73 27
0 0 0
Payment
History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
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Third
2006 6 19600 63 36 1
0 0
Second
2006 2 4100 86 14 0
0 0
First
2006 2 12100 88 12 0
0 0
Fourth
2005 3 7800 77 23 0
0 0
Third
2005 6 9300 62 38 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Projected
Sales / Revenues 30,000,000 - -
Mr. Fishman stated that the Company's projected sales figure for the first year ended 12/31/2006 is US$30 million. He was unable to provide financial statements. Outside sources failed to provide any further insight into the financial condition of the Firm.
CURRENT OPERATIONS
NAICS Code : 42 Wholesale Trade
Number of Employees : 130
Business Activity
Importer and exporter of metal products.
The Company trades in the United States, India, China and Israel. Metals they trade include aluminum, magnesium and stainless steel. They process, cut and deliver the metals.
The
heading address is the Company's headquarters.
They have two other locations:
1841 North Powerline Road
Pompano Beach, FL 33069
Tel: 954 960-0444
4001 G Street
Philadelphia, PA 19124
Tel: 215 427-0100
PUBLIC RECORD
A nationwide search of public and bankruptcy courts shows no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Hadco Metal Trading Co., LLC is engaged as a trader of various metal products.
Their payment history is excellent, indicating that they generally pay their outstanding debts within agreed terms. No derogatory information was found involving the Firm.
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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