MIRA
INFORM REPORT
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Report Date : |
3rd
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
L L
LOGISTICS INC. |
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Registered Office : |
669 Marina Drive, Charleston, South Carolina 29492, United States |
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Country : |
United States |
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Date of Incorporation : |
30.01.1996 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Provides logistic operations, transportation and warehousing services for small businesses. |
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 : |
Slow |
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Litigation : |
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IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : L L LOGISTICS INC.
Address : 669 MARINA DRIVE
City : CHARLESTON
State/Province : SOUTH CAROLINA
Zip Code : 29492
Country : UNITED STATES
Telephone : 843 971-8681
Facsimile : 843 216- 7779
Legal Form : Corporation - Private
Website : www.lllogistics.com
Maj. Shareholder : Mr. Luke Georget
@rating Opinion :
Business Activity :L L LOGISTICS Inc. provides logistic operations, transportation and
warehousing services for small businesses.
In KUSD As of : 31/12/2005
Sales / Revenue : 1,500
Net Income :
Total Equity :
Number of Employees : 2
NOTE TO CLIENT
Contacted Mr.Larry Hedaa; Co-President.
Mr.Larry Hedaa supplied limited Company information and declined Company financials.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 30/01/1996
State/Province of Incorporation : South Caro
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
DOMESTIC / FOREIGN: ` Domestic
STATUS: Good Standing
STATE OF INCORPORATION / ORGANIZATION SOUTH CAROLINA
For Profit
FILE DATE: 01/30/1996
EFFECTIVE DATE: 01/30/1996
DISSOLVED DATE:
CORPORATION HISTORY
Code File Date Comment Document
AMENDMENT(DOMESTIC) 01/22/2002 CH NM FR-LMG
FILM ENTERPRISES OF MT.PLEASANT INC
INCORPORATION (DOMESTIC) 01/30/1996 INCORPORATION FIL
Managers/Key Personnel
Mr. Luke Georget President
Mr. Larry Hedaa Vice President
OWNERS
Mr. Luke Georget 51.00% Majority
Mr. Larry Hedaa 49.00 Minority
BANKS
South Carolina Federal Credit Union
1945 Sam Rittenberg Blvd
Charleston SC 29492
Telephone : 843 797-8300
Facsimile : 843 569-5105
Account Number : 1109138
Account Manager :
The Credit Union will not provide a reference without a signed authorization from the Company which could not be obtained.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
PACKAGING
06-11 00-00 NET 30 300 300
100 0 0 0
0 CUST 3 YR
TRANSPORTN 06-08 00-00 NET 30 0
0 0 0
0 0 0 CUST < 1 Y
TRUCK DLR
06-12 00-00 CONTRCT 20500
3900 0 3
30 27 40 COLLECTION
FRGHT FWRD 06-01 05-12 NET 15 100
100 0 100 0
0 0 SATSFTRY
CURRENT QUARTER 20800
4200 7 3
28 25 37
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 0 50 4800 17 24
22 9 28
20061100
0 0 51 6600 31 18
9 1 41
20061000
0 0 51 6600 31 18
9 1 41
20060900
0 0 48 13100 5 22
49 10 14
20060800
0 0 28 13200 22 49
15 3 11
20060700
0 0 44 12900 28 21
4 35 12
Payment
History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Third
2006 40 11000 18 32
27 5 18
Second
2006 27 15500 21 49 14
12 4
First
2006 7 14100 56 42 2
0 0
Fourth
2005 19 100 36 32 32
0 0
Third
2005 0 0 0 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 1,500 - -
Financials statements were denied by Mr. Larry Hedaa. Due to a software issue, annual sales are reported to be consolidated, however should be viewed as non-consolidated.
HISTORY
Mr. Larry Hedaa is part-owner of the Company.
The Company was founded on January 30, 1996.
The Company changed its name from " ENTERPRISES OF MT.PLEASANT INC." on 1/22/2002.
CURRENT OPERATIONS
NAICS Code: 49 Transportation - Courriers, Postal, Warehouse & St
NAICS Code: 488 Support Activities for Transportation
Number of Employees: 2
Business Activity
L L LOGISTICS Inc. provides logistic operations, transportation and warehousing services for small businesses.
The Company's logistic, transportation and warehousing services provide efficient and cost effective movement of freight and client products. They supply complete supply chain management, inventory control and all foreign and domestic freight services.
L L Logistics' headquarters is located at 669 Marina Drive, Charlestown. They have 1,600 square feet of office space and 7500 square feet of warehouse space at another location in Charleston.
PUBLIC RECORD
A search of public records at the South Carolina Secretary of State's Office sho
GENERAL COMMENTS
L L Logistics Inc. incorporated in 1996, provides logistic, transportation and warehousing services. The payment record appears somewhat limited and shows a collection issue, however this could be due to a disputed invoice. No public records were traced to 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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