MIRA
INFORM REPORT
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Report Date : |
13.07.2007 |
IDENTIFICATION DETAILS
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Name : |
QUALICAPS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10/06/1992 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Manufactures
medicine capsules. |
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 : |
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IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: QUALICAPS,
INC.
Trade Name(s): SHIONOGI
QUALICAPS INC
Trade Name(s): Quali-V®
Address:
City: Whitsett
State/Province:
Zip Code: 27377
Country: UNITED
STATES
Telephone: 336
449 3900
Facsimile: 336
449-3333
As of: 31/12/2006
Sales /
Revenue: 20,000,000
Net Income:
Total Equity:
Number of Employees:
195
Legal Form: Corporation
- Private
Website: www.qualicaps.com
Business Activity: The Company manufactures medicine
capsules.
NOTE TO CLIENT
Person Contacted:
Mr. Bill Stella, Accounting
Management confirmed
general information and annual sales.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 10/06/1992
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
File Number: 2300308
Incorporation Date /
Formation Date: 06/10/1992
Entity Name:
QUALICAPS, INC.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: THE
CORPORATION TRUST COMPANY
Address: CORPORATION
TRUST CENTER
City:
County: NEW CASTLE
State: DE
Postal Code: 19801
Phone: (302)658-7581
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Qualicaps, Inc.
Legal
Shionogi Qualicaps,
Inc. Prev Legal
Business Corporation
Information
SOSID: 0318471
Status:
Current-Active
Date Formed:
1/13/1993
Citizenship: Foreign
State of
Duration: Perpetual
Registered Agent
Agent Name: CT
Corporation System
Registered Office
Address:
Registered Mailing
Address:
Principal Office
Address:
Principal Mailing
Address:
Managers/Key
Personnel
Mr. Herbert
Hugill Chairman
& Chief Executive Officer
AFFILIATED ENTITIES
There are no other
known affiliated companies.
Parent Companies
Parent Company: Qualicaps, K.K.
Ultimate
Parent: The Carlyle Group
NC
UNITED STATES
Divisions
Qualicaps,
Pharmaphil Division
Other Affiliates
Calle de la Granja,
49
Telephone:
34-91-663-0800
Facsimile: 34-91-663-0830
BANKS
Wachovia Bank
VA
Telephone:
Facsimile: 707 427
2477
Account Number:
Account Manager:
The bank requires an
account number and signature not provided by management.
PAYMENT HISTORY
BUSINESS
DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 8100 8100 96
4 0 0
0 CUST 6 YR
CHEMICALS
07-05 00-00 CREDIT 200 200
100 0 0 0 0
COMPUTERS
07-06 00-00 0000000 2000
1300 100 0 0
0 0 CUST
1 YR
ELEC EQUIP 07-05 00-00 NET 30 5400
0 0 0
0 0 0
CUST 56 YR
ELEC EQUIP 07-05 07-04 CONTRCT 56600 17000
18 82 0
0 0
FINCL SVCS 07-06 07-06 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
FREIGHT
07-06 07-05 VARIED 4300 4300
10 90 0
0 0
IRON& STEEL 07-07 00-00 NET 30 100
100 100 0 0 0 0
MACH DISTR 07-04 07-04 1/10N30 8900 1600
13 86 0
1 0 CUST 12 YR
MANUFCTRNG 07-04 07-03 VARIED 1000
500 100 0 0
0 0 CUST
1 YR
OPTIC SUPL 07-07 00-00 NET EOM 800 500
61 39 0
0 0 CUST 11 YR
PACKAGING
07-06 00-00 NET 30 2500 100
100 0 0 0
0 CUST 5 YR
PAINTS
07-04 07-02 1/10PRX 400
0 0 0
0 0 0
SAFTY PROD 07-05 00-00 NET 30 0
0 0 0
0 0 0
TELECOM 07-06 00-00 NET 30 600
300 100 0 0
0 0
TRANSPORTN 07-06 00-00 NET 30 100
0 0 0
0 0 0
PROMPT
TRUCK DLR
07-07 00-00 CONTRCT 300
300 0 100 0
0 0
AIR TRANS
06-11 00-00 NET 30 4800 2500
0 0 0
0 100 COLLECTION
CHEMICALS
06-07 06-04 NET 30 2000 0
0 0 0
0 0
COMMUN SVC 05-01 00-00 NET 20 0
0 0 0
0 0 0
COMPUTERS
06-06 06-05 0000000 5500
4900 0 100 0
0 0
DP EQUIP
05-07 00-00 NET 30 0 0
0 0 0
0 0
ELEC DISTR 06-09 00-00 CONTRCT 0 0
0 0 0
0 0 PROMPT
ELEC EQUIP 06-10 00-00 NET 30 1400
400 100 0 0
0 0
ELEC MFG
06-09 00-00 VARIED 3600 3600
87 13 0
0 0 CUST
1 YR
ELEC SUPLR 05-11 00-00 N10PRXO 0 0
0 0 0
0 0
ELEC SUPLR 04-08 04-02 2/10N30 0 0
0 0 0
0 0
FRGHT FWRD 04-10 00-00 NET 30 1400
1400 0 0
0 100 0
LEASING
07-05 00-00 CONTRCT 3100 0
0 0 0
0 0
PLUMBING
07-02 07-02 NET 10 2600 500
100 0 0 0 0
PRNTG& PUBL 06-09 06-09 CONTRCT 7000 4000
0 100 0 0
0 CUST 7 YR
RUBR& PLAST 05-01 05-01 VARIED 0
0 0 0
0 0 0
CUST 6 YR
SOAP
06-05 00-00 2/10N30 400
400 100 0 0
0 0
TEMP HELP
05-01 00-00 NET 10 2100 2100
49 28 23
0 0
TELECOM
05-07 05-07 NET 30 300 300
100 0 0 0
0 EXLENT ACC
CURRENT QUARTER 90700 33700
41 59 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070600
0 8 9 32200 48
50 1 1 0
20070500
0 8 2 27700 86
13 1 0 0
20070400
0 17 4 17300 78
21 0 1 0
20070300
0 17 4 15800 79
19 2 0 0
20070200
0 18 1 34300 91
9 0 0 0
20070100
0 9 2 50400 89
11 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 7 27900 57
42 1 0 0
First
2007 2 22500 85
15 0 0 0
Fourth
2006 5 53800 74
22 4 0 0
Third
2006 2 16800 92
7 0 1 0
Second
2006 2 20200 94
4 0 2 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales / Revenues 20,000,000 - -
Income before Taxes
- -
HISTORY
The following
excerpt comes from the Company website:
October 10, 2005
CHANGE IN PARENT
COMPANY AND NAME COMPLETE
Dear Customer, I am pleased
to announce that Shionogi & Co.,
Ltd. (Shionogi), the parent company of Shionogi Qualicaps, Inc., has completed
a share sale with The Carlyle Group, a global private equity firm, effective
October 3, 2005. In accordance with the change of our parent company, we will
change our global corporate name to Qualicaps Group and our
CURRENT OPERATIONS
NAICS Code: 325412
Pharmaceutical Preparation
Manufacturing
SIC Code: 2835
Number of Employees
: 195
Business Activity:
The Company
manufactures medicine capsules.
Standard capsules
made from gelatin and Quali-V® hypromellose
are supplied by Qualicaps. In addition, they offer a product line of capsule filling equipment,
sealing machinery, check- weighing equipment, and capsule and tablet inspection
equipment.
The above address is
the headquarters for the Company. There are no reported branch facilities.
PUBLIC RECORD
Filing Number: 05M2310
Filing Type: STATE LIEN - UNEMPLOYMENT COMPENSATION
Filing Office:
Filing Date: 06/30/2005
DEBTOR INFORMATION
Debtor: SHIONOGI
QUALICAPS INC
Debtor Type: COMPANY
CREDITOR INFORMATION
Creditor: NC
EMPLOYMENT TAX LIEN
LIEN INFORMATION
Total Amount:
$26,803.00
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Source: NC SECRETARY OF STATE
FILING INFORMATION
Filing Number: 20000114424
Filing Date: 11/20/2000
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): SHIONOGI QUALICAPS INC
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): IBM CREDIT CORPORATION
COLLATERAL
INFORMATION
Collateral
Type: LEASED COMPUTER EQUIPMENT
No legal issues, tax
liens or Uniform Commercial Codes are available under the new name.
GENERAL COMMENTS
The Company
incorporated in 1992, is engaged as a
manufacturer of medicine capsules They
have a solid payment history and no bankruptcies. Under the old name, they had
a tax lien the status of which is uncertain.
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%)