MIRA
INFORM REPORT
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Report Date : |
27.07.2007 |
IDENTIFICATION DETAILS
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Name : |
AMISTCO SEPARATON
PRODUCTS, INC. |
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Registered Office : |
23147 Highway 6, |
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Country : |
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Date of Incorporation : |
05/03/1999 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in the
engineering, manufacturing and quality control proprietary design of
knitting. |
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: AMISTCO
SEPARATON PRODUCTS, INC.
Address: 23147
HIGHWAY 6
City:
State/Province:
Zip Code: 77512
Country: UNITED
STATES
Telephone: 281
331-5956
Facsimile: 281
585-1780
Founded
(D/M/Y): 05/03/1999
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.amistco.com
Business Activity: The Company is engaged in the
engineering, manufacturing and quality control
proprietary design
of knitting.
NOTE TO CLIENT
Please note that
several detailed messages were left for via telephone.
Since we were unable
to reach a member of Management who could provide or confirm any information
about the Company, we cannot substantiate any of the information contained in
this report.
The Firm was forward
a fax requesting financial information. Currently we have not received a
response.
LEGAL
Legal Form: Corporation -
Private
State/Province of
Incorporation: TX
Status: ACTIVE
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
Company
Information: AMISTCO SEPARATION PRODUCTS
INC
Status: IN GOOD STANDING
NOT FOR DISSOLUTION OR WITHDRAWAL through Ma 15, 2008
Registered Agent: E
LEE BOYD
23221 HWY 6
Registered Agent
Resignation Date:
State of
File Number:
0153247200
Charter/COA Date:
May 3, 1999
Charter/COA Type: Charter
Taxpayer Number:
17606081531
Managers/Key
Personnel
Mr. Edward Boyd President
Ms. Christa
Boyd Vice Pres. & Chief Financial
Officer
The are no known
affiliated companies or business.
BANKS
Deferred
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank could not be obtained either directly from management or from
outside sources consulted.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-05 07-05 0000000 13700
400 100 0 0
0 0 CUST 14 YR
BUREAU
07-07 07-07 NET30 0 0
0 0 0
0 0 COLLECTION
BUS SERVCS 07-07 00-00 NET 30 300
200 100 0 0
0 0
FINCL SVCS 07-07 07-06 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
FREIGHT
07-04 06-12 VARIED 15000 0
0 0 0
0 0
FREIGHT
07-03 07-02 VARIED 2600 2600
100 0 0 0
0 CIA
IRON& STEEL 07-06 00-00 NET 30 3100
3100 50 50 0 0 0
METAL DIST 07-06 07-02 VARIED 89800
0 0 0
0 0 0
CUST 14 YR
PACKAGING
07-07 03-10 NET 30 4300 0
0 0 0
0 0 CUST
5 YR
TRANSPORTN 07-06 00-00 NET 30 0
0 0 0
0 0 0
PROMPT
TRUCK DLR
07-07 00-00 CONTRCT 1600
0 0 0 0 0 0
AIR TRANS
06-11 00-00 NET 30 400 300
0 0 0
0 100 COLLECTION
BLDG MATRL 07-01 02-09 CREDIT 0
0 0 0
0 0 0
ACCTCLOSED
BUS SERVCS 04-11 04-10 NET 30 0
0 0 0
0 0 0
COMPUTERS
07-01 02-07 CREDIT 200 0
0 0 0
0 0 WRITE-OFF
CRED CARD
07-06 07-05 REVOLVE 2100
1000 100 0 0
0 0 CUST
8 YR
EQUIPMENT
06-01 00-00 NET 30 2800 600
0 100 0 0 0
FACTOR
06-06 05-02 NET 30 1500 0
0 0 0
0 0 CUST
3 YR
FINCL SVCS 06-03 06-02 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
FRGHT FWRD 06-11 06-11 NET 15 200
100 100 0 0
0 0 SATSFTRY
LEASING 07-07 00-00 NET 30 200
200 100 0 0
0 0 CUST
2 YR
LEASING
05-08 00-00 CONTRCT 1400
0 0 0
0 0 0
CURRENT QUARTER 127800 3700
58 42 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 7 9 6100 38
62 0 0 0
20070600
0 6 6 6700 64
33 3 0 0
20070500
0 5 8 3400 78
8 14 0 0
20070400
0 5 15 6000 15
77 8 0 0
20070300
0 6 12 46600 34
62 1 3 0
20070200
0 6 22 100600 23
43 34 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 8 5400 58
38 4 0 0
First
2007 19 51100 26
50 23 1 0
Fourth
2006 8 80400 54 44 2
0 0
Third
2006 13 39900 61
15 24 0 0
Second
2006 7 79500 68
24 8 0 0
FINANCIAL INFORMATION
We could not obtain any
financial information and outside sources provided no insight into the
financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 339
Miscellaneous Manufacturing
Business Activity:
The Company is
engaged in the engineering, manufacturing and quality control proprietary
design of knitting.
Some of the
company's products includes Mist Eliminators, Fiberbed Candle Filters, Liquid
Distributor, Separators.
PUBLIC RECORD
A search of public
revealed no Uniform Commercial Codes, legal actions or bankruptcy petitions
filed under the Subject's name.
GENERAL COMMENTS
The Company has been
operating since 1999, original product was a knitted mesh used exclusively in
the manufacture of a high octane blending component that reduces emissions. The
operating record appears clear and payments to suppliers are prompt.
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%)