MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ZAPP PRECISION WIRE INC. |
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Registered Office : |
475 International Circle, Summeville, South Carolina 29483, United States |
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Country : |
United States |
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Date of Incorporation : |
24.07.1995 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and Supplier of cold formed
stainless steel and titanium wires, bars and profiles. Products are
distributed worldwide. |
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 : |
No
Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : ZAPP PRECISION WIRE INC.
Address : 475 INTERNATIONAL CIRCLE
City : SUMMEVILLE
State/Province : SOUTH CAROLINA
Zip Code : 29483
Country : UNITED STATES
Telephone : 843-851-0700
Facsimile : 843-851-0010
Legal Form : Corporation - Private
Website : www.zapp.com
@rating Opinion :
Business Activity : The Company is engaged as a manufacturer and supplier of cold formed
stainless steel and titanium wires, bars and profiles. Products are distributed
worldwide.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 100
NOTE TO CLIENT
Attempts were made to contact the Company however we were unable to reach Management. There has been no response to several attempts made to contact the Subject. Therefore, general information in this report cannot be substantiated.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 24/07/1995
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 : 2527016
Incorporation Date / Formation Date : 07/24/1995
Entity Name : ZAPP PRECISION WIRE INC.
Entity Kind : CORPORATION Entity Type: GENERAL
Residency : DOMESTIC State: DE
REGISTERED
AGENT INFORMATION
Name : THE PRENTICE-HALL CORPORATION SYSTEM, INC.
Address : 2711 CENTERVILLE ROAD SUITE 400
City : WILMINGTON County: NEW CASTLE
State : DE Postal Code: 19808
Phone : (302)636-5400
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The Company is qualified to do business in the state of South Carolina:
ZAPP PRECISION WIRE INC.
DOMESTIC / FOREIGN : Foreign
STATUS : Good Standing
STATE OF INCORPORATION / ORGANIZATION: DELAWARE
REGISTERED
AGENT INFORMATION
REGISTERED AGENT NAME : CORPORATION SERVICE CO
ADDRESS : 5000 THURMOND MALL BLVD
CITY : COLUMBIA
STATE : SC
ZIP : 29201 000
FILE DATE : 01/22/2001
EFFECTIVE DATE : 01/22/2001
Managers/Key Personnel
Mr. Dave Koontz President
Mr. Stephen Abbott Controller
AFFILIATED ENTITIES
The Company's website reports the following affiliates:
Robert Zapp Werkstofftechnik GmbH
Stalwerk Ergste Westig GmbH
Zapp Medical Alloys GmbH
Zapp Precision Strip Inc.
Zapp (GB) Ltd.
Ergste Westig GmbH
Parent Companies
Parent Company: Zapp AG
GERMANY
BANKS
FL
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain any bank information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
BLDG MATRL 07-01 00-00 CREDIT 3000
100 100 0 0
0 0
ELEC DISTR 06-09 00-00 NET 30 0
0 0 0
0 0 0 PROMPT
FREIGHT
06-09 06-03 VARIED 1400 0
0 0 0 0 0
PACKAGING
06-11 00-00 NET 30 2500 1400
100 0 0 0
0 CUST 1 YR
TRANSPORTN 06-09 00-00 NET 30 500
300 100 0 0
0 0 PROMPT
TRUCK DLR
07-01 00-00 CONTRCT 300
0 0 0
0 0 0
AIR TRANS
05-05 05-05 100 0
0 0 0 0 0
AIR TRANS
05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 2 YR
COMPUTERS
04-02 00-00 NET 30 3700 3700
100 0 0 0
0
COMPUTERS
06-06 06-05 0000000 21800
1500 0 100 0
0 0
ELEC MFG
04-03 03-12 NET 30 1600 600
100 0 0 0 0
FRGHT FWRD 06-01 05-11 NET 15 400
400 0 100 0
0 0 SATSFTRY
MISC MANUF 04-05 00-00 0000000 16700 0
0 0 0 0 0
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 5 YR
TELECOM
05-07 04-08 NET 30 0 0 0 0 0
0 0 CUST 5 YR
TRANSPORTN 04-11 00-00 VARIED 1300
0 0 0
0 0 0
CURRENT QUARTER 7700
1800 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070100
0 6 0 1900 100
0 0
0 0
20061200
0 6 0 2900 100 0
0 0 0
20061100
0 6 4 1600 71 29
0 0 0
20061000
0 6 0 2800 100
0 0
0 0
20060900
0 5 0 100 100
0 0
0 0
20060800
0 8 0 2400 100 0 0
0 0
Payment History - Quarterly
Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 1 2100 93 7 0
0 0
Third
2006 0 1800 100 0 0 0
0
Second
2006 0 0 0 0 0
0 0
First
2006 0 800 98 2 0
0 0
Fourth
2005 0 2000 99 1 0
0 0
FINANCIAL INFORMATION
We could not obtain any financial information from Management. Outside sources indicate an annual net sales figure of US$12,300,000.
CURRENT OPERATIONS
NAICS Code: 339 Miscellaneous Manufacturing
Number of Employees: 100
Business Activity
The Company is engaged as a manufacturer and supplier of cold formed stainless steel and titanium wires, bars and profiles. Products are distributed worldwide.
The headquarters are at the heading address. The Company's website does not report an branch locations or divisions.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Incorporated in 1995, the Subject is engaged as an established manufacturer and supplier of cold formed stainless steel and titanium wires, bars and profiles worldwide. Payment records are considered to be generally satisfactory and a search of public records and bankruptcy courts returned no derogatory information or record of the Company filing a bankruptcy petition.
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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