MIRA
INFORM REPORT
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Report Date : |
09.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SIMS GROUP GLOBAL TRADE CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27/02/2007 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Operates public recycling centers, scrap processing facilities and mill services nationwide. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SIMS
GROUP GLOBAL TRADE CORPORATION
Trade Name(s):
Address:
City:
State/Province:
Zip Code: 10011
Country: UNITED
STATES
Telephone: 212
604-0710
Facsimile: 212
604-0722
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.sims-group.com/us/div
Business Activity: The Subject operates recycling centers.
It operates public recycling centers,
scrap
processing facilities and mill
services nationwide.
NOTE TO CLIENT
Contact person; Mr.Dan
Strechary, Communications Manager.
Also, Diane in the Legal
Department confirmed the legal name and forwarded the inquiry to Mr. Walter
Dietrich.
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NOTE:
REGARDING THE REQUESTED NAME; SIMS HUGHO GLOBAL TRADE CORPORATION. A NATIONWIDE
SEARCH OF SECRETARIES OF STATE'S OFFICES FAILED TO LOCATE A REGISTRATION UNDER
THIS NAME. PLEASE BE ADVISED THAT THE
LEGAL DEPARTMENT STATED THAT THIS NAME IS INCORRECT AND THE LEGAL NAME FOR THIS
FIRM IS SIMS GROUP GLOBAL TRADE CORPORATION FOR WHICH A REPORT FOLLOWS.
Numerous
attempts were made to contact Mr. Strechary, no response has been received to
date. A written request was faxed to Mr. Strechar. Any information received will be forwarded
accordingly.
Information was not
confirmed by management.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 27/02/2007
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
The
File Number: 4301720
Incorporation Date / Formation
Date: 02/14/2007(mm/dd/yyyy)
Entity Name: SIMS
GROUP GLOBAL TRADE CORPORATION
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: CORPORATION SERVICE COMPANY
Address:
City:
County: NEW
CASTLE
State: DE
Postal Code: 19808
Phone: (302)636-5401
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The
Current Entity Name: SIMS GROUP GLOBAL TRADE CORPORATION
Initial DOS Filing Date: FEBRUARY 27, 2007
County:
Jurisdiction:
Entity Type: FOREIGN
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
CORPORATION SERVICE COMPANY
Registered Agent NONE
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Managers/Key
Personnel
Mr. Paul K.
Mazoudier Chairman Of The Board Of Directors
Mr. C. Richard (Rick)
Jansen President & CEO
AFFILIATED ENTITIES
Affiliated companies, if
any, could not be learned at this time.
Parent Companies
Parent Company: Sims Group Limited
QLD
Telephone: 212 604-0710
Ticker Symbol: SGM
Traded on: ASX -
Australia Stock Exchange (Merger of
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Financial Data: 6/30/2006
Fiscal Yr. End: 6/30
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Revenue: 2,810,249,987
Assets: 1,450,472,492
Liabilities: 554,678,919
Net Worth: 895,793,573
Earnings: 147,189,531
No. of Employees: 2,435
No affiliates were noted
from research of this Company.
Divisions
Sims Industrial UNITED STATES
Sims Mental UNITED STATES
Sims Recycling UNITED STATES
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary
bank could not be obtained either from
management or from outside sources consulted.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD
COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- ---
AIR TRANS 07-03 07-03 0000000 1500 1500 72 28 0 0 0 CUST 1 YR
BUS SERVCS 07-06 00-00 NET 30 200 100 100 0 0 0 0
BUS SERVCS 07-06 00-00 NET 7 5400 5400 47 0 53 0 0
PACKAGING 07-06 00-00 NET 30 0 0 0 0 0 0 0 CUST 1 YR
PERSNLSVCS 07-05 06-12 ROI 1700 0 0 0 0 0 0
TELECOM 07-05 00-00 NET 30 12200 6100 100 0 0 0 0
TELECOM 07-06 00-00 NET 30 6000 6000 86 8 6 0 0 DISPUTE
AIR TRANS 06-11 00-00 NET 30 100 100 100 0 0 0 0 CUST 1 YR
CURRENT QUARTER 27000 19100 78 5 17 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20070600 0 0 1 12100 94 6 0 0 0
20070500 0 0 4 18200 74 26 0 0 0
20070400 0 0 1 9700 96 4 0 0 0
20070300 0 0 6 16000 58 42 0 0 0
20070200 0 0 5 14200 84 8 8 0 0
20070100 0 0 2 11400 85 15 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First 2007 5 13000 76 21 3 0 0
Fourth 2006 1 8300 91 9 0 0 0
Third 2006 0 2600 100 0 0 0 0
Second 2006 0 0 0 0 0 0 0
First 2006 0 0 0 0 0 0 0
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FINANCIAL INFORMATION
The Company does not
release separate financial statements as they are consolidated into those of the parent company
which are summarized above.
CURRENT OPERATIONS
NAICS Code: 42193
Recyclable Material Wholesalers
SIC Code: 5093
Business Activity:
The Subject operates
recycling centers. It operates public recycling
centers, scrap processing facilities and mill services nationwide.
The
Company recovers components and processes scrap metal into new forms and standards. It operates
public recycling centers, scrap
processing facilities and mill services nationwide. Its
Sims
Global Trade markets materials from various owned scrap processing locations in North America,
The
above address is the headquarters. It is believed that there is a branch facility located in
PUBLIC RECORD
No Uniform Commercial
Codes, legal actions or bankruptcy petitions were found under the Subject's name.
GENERAL COMMENTS
The
Company is well established, engaged as a metals recycler. The payment
history appears satisfactory. Nothing of a negative nature was reported
or noted.
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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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%)