MIRA
INFORM REPORT
|
Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known As : |
MEGA TILEMARBLEWOOD AND STONE |
|
|
|
|
Registered Office : |
13449M, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Legal Form : |
Corporation - Private |
|
|
|
|
Line of Business : |
The Subject is a wholesaler and
retailer of marble and granite tile. |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : RIO MARBLE & TILE INC.
Trade Name(s) : Mega TileMarblewood and Stone
Address :
13449M
City :
State/Province :
Zip Code : 91606
Country : UNITED STATES
Telephone : 818 982-1500
Facsimile : 818 982-0838
Number of Employees : 40
Legal Form : Corporation - Private
Website : www.riomarble.com
Business Activity : The Subject is a wholesaler and retailer of marble and granite tile.
NOTE TO CLIENT
PERSON CONTACTED : MS. ANN MARIE WEINER - OFFICE MANAGER
PLEASE NOTE : THE LEGAL NAME OF THE COMPANY IS NOT
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) :
State/Province of Incorporation : CA
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report. Corporation
RIO MARBLE & TILE INC.
Number : C2087694
Date Filed :
Status : active
Jurisdiction :
Address
Agent for Service of Process
SHARON CHOW
Managers/Key
Personnel
Ms. Sharon Chow President
Mr. Murray Weiner Vice President
Ms. Ann Marie Weiner Office Manager
AFFILIATED ENTITIES
There are no affiliates or subsidiaries.
BANKS
Bank of
Telephone: 803-765-7963
Facsimile: 415-343-9301
Account Number:
Account Manager:
The above bank requires an account number, which we were unable to obtain. Therefore, a bank reference could not be obtained.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-06 00-00 NET 30 1100
0 0 0
0 0 0
CUST 4 YR
AIR TRANS
07-03 07-03 0000000 1000
300 100 0 0
0 0 CUST
7 YR
CRED CARD
07-06 07-05 REVOLVE 1900
1800 100 0 0
0 0 CUST
9 YR
DISTRIBUTR 05-10 05-09 VARIED 16500
5700 56 44
0 0 0
HOUSEWARES 06-04 05-06 VARIED 700
0 0 0
0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 2000
500 100 0 0
0 0 ACCTCLOSED
SERVICES
05-12 05-11 VARIED 26400 9600
10 65 25
0 0
UTILITY
05-09 00-00 NET 30 1800 1800
100 0 0 0
0 CUST 7 YR
CURRENT QUARTER 2100 300
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT
$ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 4 0 300 100 0
0 0 0
20070500
0 4 0 300 100 0
0 0 0
20070400
0 4
0 300 100 0
0 0 0
20070300
0 4 0 500 100 0
0 0 0
20070200
0 3 0 500 100 0
0 0 0
20070100
0 3 0 500 100 0
0 0 0
Payment History -
Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 400 100 0
0 0 0
Fourth
2006 0 500 100 0
0 0 0
Third
2006 3 500 82
18 0 0 0
Second
2006 1 2000 96
4 0 0 0
First
2006 0 1700 100 0
0 0 0
FINANCIAL INFORMATION
Ms. Weiner did not have the authority to release financial statements. She requested that a written request be sent to the company to be forwarded the appropriate party. A written request for financial statements has been sent via facsimile to the Subject, at this time no response has been received. If they respond the report will be amended at that time. Ms. Weiner did report that annual sales for 2006 were around 10 million. Outside sources consulted could provide no further insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code : 421 Wholesale Trade, Durable Goods
Number of Employees : 40
Business Activity :
The Subject is a wholesaler and retailer of marble and granite tile.
Some of the products include: glass tile and sinks, ceramic
liners, tumbled slate and marble liners,
metal tile, pebble tile, mosaics, natural marble, natural granite and other natural stones. The
above location is the headquarters location consisting of office space, a
warehouse, and a showroom. The space is approximately 15,000 square feet and
leased. There are branches in
PUBLIC RECORD
Source : NV SECRETARY OF STATE
FILING INFORMATION
Filing Number: 20020256514
Filing Date:
Filing Time:
Expiration Date:
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
202 N
DEBTOR INFORMATION
Debtor(s): RIO MARBLE & TILE INC
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DRIVE
--
A Nationwide search of search of public and bankruptcy courts revealed no, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Rio Marble & Tile Inc. is an established company engaged in the distribution of marble and granite tiles. Payment record is satisfactory and a search of public records and bankruptcy courts revealed no derogatory information filed against the Company nor any bankruptcies filed by the Company.
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 |
|
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%)