MIRA INFORM REPORT

 

 

Report Date :

18.07.2007

 

IDENTIFICATION DETAILS

 

Name :

SANI MAX AMX LLC

 

 

Registered Office :

2099 Shawano Avenue, Green Bay, Wisconsin - 54303                       

 

 

Country :

United States                

 

 

Line of Business :

Supplies by-products of the food and meat industries into animal hide, gelatins, grease, proteins, tallow, and related products.

 

 

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:            SANI MAX AMX LLC

Address:                       2099 SHAWANO AVENUE

City:                             GREEN BAY

State/Province:              WISCONSIN                             

Zip Code:                      54303                       

Country:                                    UNITED STATES               

Telephone:                    920 494-5233                

Facsimile:                     920 494-9141                   

As of:

Sales / Revenue:

Net Income:

Total Equity:

Number of Employees:   332

Legal Form:

Website:                       www.anamax.com

Business Activity:          The Company supplies by-products of the food and meat industries into animal hide,

                                    gelatins, grease, proteins, tallow, and related products.

 

 

LEGAL

 

Legal Form:

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

 

Managers/Key Personnel

 

Mr. Michael Langenherst           Chief Executive Officer

Mr. Mike Carlson                                   Vice President - Manufacturing

Mr. John Meyer, Jr.                                Vice President

 

 

AFFILIATED ENTITIES

 

As far as could be determined, there are no known affiliates or subsidiaries.

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Banking information could not be obtained at this time. A written request has been sent to management via facsimile for authorization to access general account information. An update will be provided accordingly.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 BLDG MATRL 07-06 07-03 VARIED  1100     0        0   0   0   0   0

 BUS SERVCS 07-07 00-00 VARIED  1100     1100     100 0   0   0   0

 

 EQUIPMENT  07-07 00-00 NET 30  0        0        0   0   0   0   0   CUST 10 YR

 FINCL SVCS 07-06 07-04 CONTRCT 1900     0        0   0   0   0   0   CUST  8 YR

 FREIGHT    07-04 07-02 VARIED  8200     800      0   100 0   0   0

 FRGHT FWRD 07-06 06-03 NET 30  0        0        0   0   0   0   0

 MACH DISTR 07-04 03-05 1/10N30 0        0        0   0   0   0   0   CUST  4 YR

 MANUFCTRNG 07-06 04-12 NET 21  41000    0        0   0   0   0   0

 METAL DIST 07-05 07-04 VARIED  3400     1000     61  39  0   0   0   CUST 19 YR

 PACKAGING  07-07 05-12 NET 30  0        0        0   0   0   0   0   CUST  2 YR

 PLUMBING   07-04 07-04 NET 10  2900     2900     100 0   0   0   0

 ADVERTISNG 06-05 00-00 VARIED  0        0        0   0   0   0   0

 AIR TRANS  06-11 00-00 0000000 1600     200      100 0   0   0   0   CUST 18 YR

 AIR TRANS  06-11 00-00 NET 30  400      0        0   0   0   0   0   CUST 17 YR

 AUTO EQUIP 05-04 05-03 CREDIT  100      0        0   0   0   0   0   CUST  2 YR

 BLDG MATRL 05-04 00-00 2/10N30 1200     0        0   0   0   0   0   CUST 16 YR

 BLDG MATRL 07-01 00-00 CREDIT  7500     0        0   0   0   0   0

 COMMUNICTN 07-02 06-12 NET 20  100      0        0   0   0   0   0   CUST  3 YR

 COMPUTERS  05-05 00-00 CREDIT  0        0        0   0   0   0   0   CUST 37 YR

 COMPUTERS  06-06 06-05 0000000 20100    4500     0   14  60  26  0

 CRED CARD  07-06 07-04 REVOLVE 1200     1200     100 0   0   0   0   CUST 15 YR

 ELEC MFG   06-03 00-00 NET 30  9300     9300     100 0   0   0   0

 ELEC SUPLR 05-04 00-00 VARIED  0        0        0   0   0   0   0

 FEED& FERT  07-02 00-00 NET 30  36100    36100    98  0   0   0   2

 HOUSEWARES 06-04 06-04 VARIED  16900    6000     100 0   0   0   0

 INDUS SUPL 05-06 05-06 NET 30  9900     3000     100 0   0   0   0   CUST 13 YR

 LEASING    04-10 00-00 VARIED  43600    7100     0   100 0   0   0

 LEASING    07-05 00-00 CONTRCT 300      0        0   0   0   0   0

 MOTR TRANS 05-12 04-02 NET 30  0        0        0   0   0   0   0

 OFFC SUPPL 05-11 05-02 CREDIT  100      0        0   0   0   0   0   CUST  6 YR

 OFFC SUPPL 05-02 04-09 NET 30  1200     0        0   0   0   0   0   CUST  2 YR

 OFFC EQUIP 06-06 06-06 NET 30  625800   100      100 0   0   0   0   CUST  3 YR

 PAPER PROD 06-03 03-03 NET 10  0        0        0   0   0   0   0   CUST 29 YR

 PETROLEUM  05-01 04-12 NET 20  32200    32200    100 0   0   0   0   CUST 23 YR

 PLBG& HTNG  05-01 04-12 1/10N30 700      100      100 0   0   0   0   CUST 16 YR

 PROP MGMT  06-10 00-00 NET 30  700      700      100 0   0   0   0

 TELECOM    05-07 05-05 NET 30  100      100      100 0   0   0   0   EXLENT ACC

 TRNS EQUIP 06-04 02-11 NET30   0        0        0   0   0   0   0   CUST  6 YR

 CURRENT QUARTER                59600    5800     79  21  0   0   0

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20070700  0      3         3            5600     78  22  0   0   0

 20070600  0      3         3            6800     82  18  0   0   0

 20070500  0      3         2            6800     88  12  0   0   0

 20070400  0      2         0            3300     100 0   0   0   0

 20070300  0      2         0            3900     100 0   0   0   0

 20070200  0      5         0            5600     100 0   0   0   0

 

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 Second   2007              3            6400     83  17  0   0   0

 First    2007              0            4200     100 0   0   0   0

 Fourth   2006              0            2000     97  3   0   0   0

 Third    2006              0            3400     100 0   0   0   0

 Second   2006              0            2800     97  3   0   0   0

 

 

FINANCIAL INFORMATION

 

The Subject would not disclose any financial information when contacted, citing company policy. Other outside sources could not provide further insight into the financial condition of the firm.

 

 

HISTORY

 

In 2006, the Company acquired with Canadian-based rendering company, Sanimal Inc. The next year it merged with Sanimal and another Canadian company, ingredient-maker bi-pro marketing, and changed its name to Sanimax.

 

 

CURRENT OPERATIONS

 

NAICS Code:   31        Manufacturing Food, Beverage, Textile, Clothing, S

NAICS Code:   33        Mfg- Metals, Machinery, Appliances, Furniture, Equ

 

Number of Employees : 332  

 

Business Activity:

The Company supplies by-products of the food and meat industries into animal hide, gelatins, grease, proteins, tallow, and related products.

 

The Firm also collects used cooking oil and grease used for bio-fuel; offers warehousing for the food and agribusiness sectors, provides food and industrial ingredients, tans leather; produces biodiesel, and offers transportation and logistics services.

 

The Company has the following Branch locations:

 

Abbottsford, Wisconsin, USA

Transfer Station

RR 1 Pickard Avenue

Abbotsford, Wisconsin 54405

 

Bolton, Ontario, Canada

Wet Pet Food Ingredients

24 Nixon Road,

Bolton, Ontario L7E 1K3

 

Calgary, Alberta, Canada

Spray Drying Blood

7115 Ogden Dale Road SE,

Calgary, Alberta T2C 2A4

 

Charny, Québec, Canada

Rendering

2001 de La Rotonde Avenue,

Charny, Québec G6X 2L9

 

Cleveland, Ohio, USA

Restaurant Services

1002 Belt Line Avenue

Cleveland, Ohio 44109

 

Columbus, Ohio, USA

Rendering

599 Frank Road

Columbus, Ohio 43223

 

De Forest, Wisconsin, USA

Restaurant Services

605 Bassett Street

De Forest, Wisconsin 53532

 

Durant, Oklahoma, USA

Hides · Skins · Leather

428 Clark Drive

Durant, Oklahoma 74401

 

Evansville, Wisconsin, USA

Transfer Station

15537 W. Green Bay Road

Evansville, Wisconsin 533536

 

Gallipolis, Ohio, USA

Transfer Station

9035 State Route 588

Rio Grande OH 45674

 

Green Bay, Wisconsin, USA

Rendering / Hides · Skins · Leather

2099 Shawano Avenue

Green Bay, Wisconsin 54307

 

Transfer Station

R-1000 McDonald St.

Green Bay, WI 54303

 

Guelph, Ontario, Canada

bi-pro marketing Head Office

65 Massey Road

Guelph, Ontario N1H 7M6

 

Transloading, Packaging &  Warehousing

231 Speedvale Avenue West

Guelph, Ontario N1H 1C5

 

Hamilton, Ontario, Canada

Transfer Station

800 Parkdale Ave. N

Hamilton, Ontario L8H 7J3

 

Ingersoll, Ontario, Canada

Transloading, Packaging &  Warehousing

30 Wilson St.

Ingersoll, Ontario N5C 4E

 

Montréal, Québec, Canada

Rendering

9900, 6 Rue

Montréal, Québec H1C 1G2

 

Transloading and Warehousing

2950, Ontario Est,

Montréal, Québec H2K 1X3

Ottawa, Ontario, Canada

Transfer Station

2317 Trim Road, Navan

Ottawa, Ontario K4B 1J4

South St. Paul , Minnesota, USA

Rendering

505 Hardman Avenue South

South St. Paul, Minnesota 55075

Ste. Rosalie, Québec, Canada

Transfer Station

P.O. Box 12 569, Stn.

Ste. Rosalie, Québec J2R 1S1

Toronto, Ohio, USA

Transfer Station

10879 State Road 152

Toronto OH 439

Vercheres, Québec, Canada

Spray Drying Blood

41, Calixa Lavalle, C.P. 940

Vercheres, Québec J0L 2R0

 

 

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

 

The Firm is a very well established supplier of environmental solutions operating since 1961. The payment history is efficient and client/supplier relationships are well respected. There has been no derogatory information found under the Subject's name. The Company is considered responsible for normal business transactions.

 

 

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions