MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
VISUAL MEDIA SOLUTINS, INC |
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Registered Office : |
8400 Westglen, |
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Country : |
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Date of Incorporation : |
28/09/2000 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Retailer and wholesaler of audio visual equipment and area rugs. |
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: VISUAL MEDIA SOLUTINS, INC
Trade Name(s): VISUAL INTERACTIVE DYNAMICS
Trade Name(s): VID, INC.BRANDON RUGS
Address: 8400 WESTGLEN
City:
State/Province:
Zip Code: 77603
Country: UNITED STATES
Telephone: 713 339-4600
Facsimile: 713 339-4617
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 12
Legal Form: Corporation - Private
Website: www.vidinc.com
Business Activity: The subject
is a retailer and wholesaler of audio visual equipment and area rugs.
NOTE TO CLIENT
PLEASE NOTE: VID INC. is not the
legal name of the company. The legal name of the company is VISUAL MEDIA
SOLUTIONS, INC. DBA: VID INC for which a report follows.
PERSON CONTACTED : Ms. Mukta Aggawal- Bookkeeper
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 28/09/2000
State/Province of Incorporation: FL
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Florida Profit Corporation
VISUAL MEDIA SOLUTIONS, INC.
Filing Information
Document Number P00000091785
FEI Number 651042986
Date Filed 09/28/2000
Status ACTIVE
Effective Date NONE
Last Event CANCEL ADM DISS/REV
Event Date Filed 10/21/2003
Event Effective Date NONE
Principal Address
CORAL GABLES FL 33146
Mailing Address
POST OFFICE BOX 572928
Changed 05/06/2002
Registered Agent Name & Address
AIRAN, DAMODAR S MR.
CORAL GABLES FL 33146 US
Name Changed: 07/06/2006
Address Changed: 05/04/2004
------
Company Information: VISUAL MEDIA SOLUTIONS INC
DBA VISUAL INTERACTIVE DYNAMICS
INC.
Status: IN GOOD STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through May
15, 2008
Registered Agent: ANIL K AGGARWAL
Registered Agent Resignation Date:
State of
File Number:
0013499706
Charter/COA Date: October
20, 2000
Charter/COA Type: COA
Taxpayer Number:
16510429869
Managers/Key
Personnel
Mr. Damodar S Airan
President
Mr. Amit Aggarwal Vice
President
AFFILIATED ENTITIES
There are no known subsidiaries or affiliates
BANKS
JP MORGAN CHASE BANK
Telephone: 800-242-7338
Facsimile:
Account Number:
Account Manager: Credit Inquiries
Mukta Aggawal provided the above named bank as the primary bank but
declined to release the account number and signed authorization.
Therefore a bank reference could not be obtained.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ELEC DISTR 07-06 00-00 VARIED 3600
0 0 0
0 0 0
CUST 6 YR
ELECTRONIC 07-05 07-05 2/30N45 51400 4700
100 0 0 0 0 CUST
4 YR
FACTOR
07-02 00-00 NET 30 0 0
0 0 0
0 0
FREIGHT
07-04 04-12 VARIED 1000 0
0 0 0
0 0
PACKAGING
07-06 06-10 NET 30 300 200
100 0 0 0
0 CUST 4 YR
AIR TRANS
05-09 05-09 300 0
0 0 0
0 0
COMMUN EQP 04-06 00-00 NET 30 0
0 0 0
0 0 0
DP SERVCS
04-07 00-00 NET 30 0 0
0 0 0
0 0 SATSFTRY
LEASING
05-05 00-00 NET 30 0 0
0 0 0
0 0 CUST
2 YR
MUSIC INST 07-01 00-00 0000000 2500 2500
100 0 0 0 0
RETL TRADE 06-01 00-00 NET 30 7200
5800 100 0 0
0 0
WHLSE TRAD 06-10 05-11 COD-REQ 0 0
0 0 0 0 0
COD
CURRENT QUARTER 56300 4900
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 6 0 4700 100 0
0 0 0
20070500
0 6 2 2400 85
15 0 0 0
20070400
0 7 0 4100
100 0 0 0 0
20070300
0 8 0 13400 100 0
0 0 0
20070200
0 7 21 2800 45
13 42 0 0
20070100
0 7 21 2500 50
4 46 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 3 6800
92 2 6
0 0
Fourth
2006 4 6700 86
8 6 0 0
Third
2006 0 18900 100 0
0 0 0
Second
2006 6 17100 60
40 0 0 0
First
2006 0 34900 100 0
0 0 0
FINANCIAL INFORMATION
Management declined to release financial statements, however outside
sources report annual sales of US$3,600,000.
CURRENT OPERATIONS
NAICS Code: 421 Wholesale Trade, Durable Goods
Number of Employees : 12
Business Activity:
The subject is a retailer and wholesaler of audio visual equipment and
area rugs.
Some of their products include Sony professional products, Panasonic
professional camcorders, JVC video tape recorder, Canon camcorders and Canon
video projectors and area rugs.
The above location is the headquarters, the facility is leased and
approximately 6000 square feet.
There is a corporate office located at:
Other retail stores are in
PUBLIC RECORD
Source: FL SECRETARY OF STATE
FILING INFORMATION
Filing Number: 200100030589
Filing Date: 02/09/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
STATE CAPITOL
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS
INC
VISUAL INTERACTIVE DYNAMICS INC
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): VMS/KBK
ACCEPTANCE CORPORATION
COLLATERAL
INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CONTRACT
RIGHTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL NEGOTIABLE
INSTRUMENTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY
INCLUDING PROCEEDS AND PRODUCTS
----
Source: TX SECRETARY OF STATE
FILING INFORMATION
Filing Number: 1025762
Filing Date: 02/07/2001
Expiration Date: 02/07/2006
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
1019
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA
SOLUTIONS, INC.
VISUAL INTERACTIVE DYNAMICS, INC.
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): VMS/KBK
ACCEPTANCE CORPORATION
P O
COLLATERAL
INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CONTRACT RIGHTS
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL NEGOTIABLE
INSTRUMENTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL
INTANGIBLE(S) INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY
INCLUDING PROCEEDS AND PRODUCTS
---
Source: FL SECRETARY OF STATE
FILING INFORMATION
Filing Number: 200100035701
Filing Date: 02/16/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
STATE CAPITOL
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS
INC
VIDICOMP DISTRIBUTORS INC
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): VMS/KBK
ACCEPTANCE CORPORATION
FT
COLLATERAL
INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CONTRACT
RIGHTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL NEGOTIABLE
INSTRUMENTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
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LIEN FILING RECORD
FILING INFORMATION
Filing Number: 049916527
Filing Type: TAX LIEN - STATE
Filing Office: SUPERIOR COURT
Filing Date: 05/12/2004
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
12020
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $5,988
Status: OPEN
Status Date: 05/12/2004
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LIEN FILING RECORD
FILING INFORMATION
Filing Number: 049920818
Filing Type: TAX LIEN - STATE
Filing Office: SUPERIOR COURT
Filing Date: 06/16/2004
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
12020
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $905
Status: OPEN
Date: 06/16/2004
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LIEN FILING RECORD
FILING INFORMATION
Filing Number: 049929521
Filing Type: TAX LIEN - STATE
Filing Office: SUPERIOR COURT
Filing Date: 08/20/2004
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
12020
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $1,005
Status: OPEN
Status Date: 08/20/2004
-----
LIEN FILING RECORD
FILING INFORMATION
Filing Number: 049936676
Filing Type: TAX LIEN - STATE
Filing Office: SUPERIOR COURT
Filing Date: 09/30/2004
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
12020
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $9,553
Status: OPEN
Status Date: 09/30/2004
-----
LIEN FILING RECORD
FILING INFORMATION
Filing Number: 200410010649
Filing Type: TAX LIEN - STATE
Filing Office:
Filing Date: 10/01/2004
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $2,768
Status: OPEN
Status Date: 10/01/2004
-----
LIEN FILING RECORD
FILING INFORMATION
Filing Number: 059904594
Filing Type: TAX LIEN - STATE
Filing Office: SUPERIOR COURT
Filing Date: 02/02/2005
DEBTOR INFORMATION
Debtor: VISUAL MEDIA SOLUTIONS INC
12020
CREDITOR
INFORMATION
Creditor: STATE OF
LIEN INFORMATION
Lien Amount: $1,286
Status: OPEN
Status Date: 02/02/2005
Source: WA SECRETARY OF STATE
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ORIGINAL FILING
FILING INFORMATION
Filing Number: 200302882520
Filing Date: 01/28/2003
Filing Time: 12:35 PM
Expiration Date: 01/28/2008
Filing Type: ORIGINAL
Filing Office: WASHINGTON
DEPARTMENT OF LICENSING
Original Filing Number:
200302882520
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS
INC.
DES
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): COMMERCIAL
EQUIPMENT LEASE CORPORATION
P.O.
COLLATERAL
INFORMATION
Collateral Type: 1-DC3
36" Print & Cut System w/ Summa Color Control Version
6.0 including all attachements and accessories. SN#300210-10009 Lease #
0017579001 THIS FINANCING STATEMENT IS FILED IN CONNECTION WITH A LEASE
OF GOODS
BETWEEN THE SECURED PARTY AS LESSOR, AND THE DEBTOR AS LESSEE.
-----
Source: TX SECRETARY OF STATE
FILING INFORMATION
Filing Number: 30010518573
Filing Date: 12/10/2002
Filing Time: 5:00PM
Expiration Date: 12/10/2007
Total Number of Pages: 1
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
1019
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS
INC.
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): GENERAL
ELECTRIC CAPITAL CORPORATION
P O
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Source: TX SECRETARY OF STATE
FILING INFORMATION
Filing Number: 400596083
Filing Date: 03/05/2004
Filing Time: 5:00PM
Expiration Date: 12/10/2007
Total Number of Pages: 1
Filing Type: AMENDMENT
Filing Date of Related Filing:
12/10/2002
Filing Office: SECRETARY OF
STATE/UCC DIVISION
1019
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS
INC.
VISUAL MEDIA SOLUTIONS INC.
------
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): GENERAL
ELECTRIC CAPITAL CORPORATION
P O
Source: FL SECRETARY OF STATE
FILING INFORMATION
Filing Number: 200200470181
Filing Date: 02/27/2002
Filing Type: TERMINATION
Filing Date of Related Filing:
02/16/2001
Filing Office: SECRETARY OF
STATE/UCC DIVISION
STATE CAPITOL
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA
SOLUTIONS, INC
VIDICOMP DISTRIBUTORS, INC.
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): VMS/KBK
ACCEPTANCE CORPORATION
P.O.
-----
Source: TX SECRETARY OF STATE
FILING INFORMATION
Filing Number: 1031205
Filing Date: 02/15/2001
Expiration Date: 02/15/2006
Filing Type: ORIGINAL
Filing Office: SECRETARY OF
STATE/UCC DIVISION
1019
DEBTOR INFORMATION
Debtor(s): VISUAL MEDIA SOLUTIONS,
INC.
DBA VIDICOMP DISTRIBUTORS, INC.
SECURED PARTY OR
CREDITOR INFORMATION
Secured Party(s): VMS/KBK
ACCEPTANCE CORPORATION
P O
COLLATERAL
INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CONTRACT
RIGHTS INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY
INCLUDING PROCEEDS AND PRODUCTS
A search of bankruptcy courts revealed no record of the Subject filing
for bankruptcy.
GENERAL COMMENTS
Visual Media Solutions, Inc is a established company engaged in the
retail and wholesale of audio and visual media products. The payment record is
satisfactory, No bankruptcies have been filed by the Company.
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 |
|
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 |
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)