MIRA INFORM REPORT

 

 

Report Date :

15.01.2007

 

IDENTIFICATION DETAILS

 

Name :

ZB IMPORTING, INC.

 

 

Registered Office :

5400 West 35th Street, Cicero, Illinois 60804                       

 

 

Country :

United States               

 

 

Date of Incorporation :

04/06/1980

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Importer and distributor of Middle Eastern and Mediterranean food products.

 

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 : ZB IMPORTING, INC.

Trade Name(s)               : ZIYAD BROTHERS IMPORTING

Address                        : 5400 WEST 35TH STREET

City                              : CICERO

State/Province               : ILLINOIS                             

Zip Code                       : 60804                       

Country                         : UNITED STATES               

Telephone                     : 708 222-8330                

Facsimile                      : 708 222-1454                   

Legal Form                    : Corporation - Private

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

Number of Employees    : 70

Website                        : www.ziyad.com

Business Activity           : The Subject is an importer and distributor of Middle Eastern and Mediterranean

                                      food products.

 

 

NOTE TO CLIENT

 

The provided name corresponds to a trade name for the Subject. The Legal name of the Company is ZB IMPORTING, INC.

 

Contacted person;  Mr. Brian Hunt, Office Manager.

 

Mr. Hunt provided and confirmed general business information about the Company. He was unable to provide detailed banking or financial information. We sent a written request for the Company Controller. If we receive a response, an update will be provided.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 04/06/1980

State/Province of Incorporation    : IL

Status                                       : ACTIVE

Previous Legal Form                   :

Company is NOT required to publish an annual financial report.

 

The Company is incorporated is in the State of ILLINOIS.

 

Entity Name                              ZB IMPORTING, INC.

File Number                               52072301

Status                                       GOODSTANDING

Entity Type                                CORPORATION

Type of Corp                              DOMESTIC BCA

Incorporation Date (Domestic)     06/04/1980

State                                        ILLINOIS

Agent Name                              THOMAS G GARDINER

Agent Change Date                    07/08/2005

Agent Street Address                 53 W JACKSON, STE 950

Agent Zip                                  60604

 

Duration Date                            PERPETUAL

 

Assumed Name                         ACTIVE - ZIYAD BROTHERS IMPORTING

Old Corp Name 09/28/2005 -       SYRIAN BAKERY COMPANY, INC.

 

 

Managers/Key Personnel

 

MR. IBRAHIM ZIAD                                President

MR. NEMER ZIYAD                               Vice President

MR. MIKE ABUSHARIS                         Controller

 

 

AFFILIATED ENTITIES

 

The Company has no affiliates or subsidiaries.

 

 

BANKS

 

IL

Telephone:

Facsimile:

Account Number:

Account Manager:

 

We sent a fax 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

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

 BANK       06-12 06-11 NET 30  25600    25600    100 0   0   0   0   CUST  3 YR

 CONST MACH 06-09 00-00 NET 30  1300     0        0   0   0   0   0   CUST  6 YR

 

 FACTOR     06-09 06-08 NET 30  300      0        0   0   0   0   0

 FINCL SVCS 07-01 00-00 NET 30  0        0        0   0   0   0   0

 FREIGHT    06-09 06-09 VARIED  41800    8500     78  22  0   0   0

 FRGHT FWRD 06-12 06-11 NET 30  0        0        0   0   0   0   0

 HEATNG& A/C 06-11 00-00 VARIED  0        0        0   0   0   0   0

 INDUS SUPL 06-11 06-03 NET 30  200      100      100 0   0   0   0   CUST  2 YR

 MANUFCTRNG 06-11 06-09 NET 30  11300    0        0   0   0   0   0

 OFFC SUPPL 06-11 06-11 NET     5300     2100     56  44  0   0   0   CUST  2 YR

 PRNTG& PUBL 06-12 00-00 VARIED  0        0        0   0   0   0   0

 TELECOM    06-12 00-00 NET 30  300      100      100 0   0   0   0

 TRUCK DLR  06-11 00-00 CONTRCT 4800     4800     100 0   0   0   0

 AIR TRANS  06-06 06-06 0000000 100      100      100 0   0   0   0   CUST 19 YR

 AIR TRANS  05-12 00-00 NET 30  1500     1500     100 0   0   0   0   CUST  6 YR

 BUS SERVCS 05-04 05-04 NET 30  0        0        0   0   0   0   0

 COMPUTERS  06-06 06-05 0000000 3000     1900     0   100 0   0   0

 ELEC MFG   04-03 03-12 NET 30  300      200      100 0   0   0   0

 OFFC SUPPL 04-04 04-04 NET 30  1700     1100     100 0   0   0   0   CUST 22 YR

 TELECOM    06-03 00-00 NET 30  300      0        0   0   0   0   0   CUST 14 YR

 CURRENT QUARTER                86100    36400    92  8   0   0   0

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20061200  0      5         1            37500    93  7   0   0   0

 20061100  0      5         7            45300    80  7   13  0   0

 20061000  0      5         2            43700    93  5   2   0   0

 20060900  0      5         1            31700    95  5   0   0   0

 20060800  0      6         11           44400    74  4   22  0   0

 20060700  0      6         9            75300    51  43  6   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              3            39600    88  7   5   0   0

 Third    2006              5            39900    86  5   9   0   0

 Second   2006              5            48600    74  23  3   0   0

 First    2006              0            44100    97  3   0   0   0

 Fourth   2005              4            58500    84  10  6   0   0

 

 

FINANCIAL INFORMATION

 

We sent a fax requesting financial information.  If we receive a response, an update will be provided.

 

 

CURRENT OPERATIONS

 

NAICS Code:   4224      Grocery and Related Product Wholesalers

 

Number of Employees:              70  

 

Business Activity:

The Subject is an importer and distributor of Middle Eastern and Mediterranean food products.

 

The heading address is the headquarters and sole location of the Subject.

 

 

 

 

 

PUBLIC RECORD

 

The following civil filing was found.

 

Name Searched:            ZIYAD BROTHERS IMPORTING

Attorney:                       O'HAGAN SMITH &  AMUNDSEN

Case Name:                  GRANGE MUTUAL CASUALTY CO v. ZIYAD BROTHERS IMPORTING

 

Case Number:   03C 0004025

Defendant:         ZIYAD BROTHERS IMPORTING

Filing Date:        6/13/2003

Plaintiff:             GRANGE MUTUAL CASUALTY CO

Type:                CIVIL SUIT - CONTRACT - 110 INSURANCE

 

 A search of bankruptcy courts revealed no record of the Subject filing for  bankruptcy.

 

 

GENERAL COMMENTS

 

The Subject is a well established importer and distributor of of Middle Eastern and Mediterranean food products. The payment history shows the Company has been better than efficient with its payments. Thus, they are considered to be capable of handling 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

 

 

 

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