MIRA
INFORM REPORT
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Report Date : |
02.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JACOB STERN & SONS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20/03/1989 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as a distributor of a wide variety of vegetable oil and animal
fat based oleochemicals, flavor and fragrance chemicals and other industrial
chemical products. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JACOB STERN & SONS, INC.
Address:
City:
State/Province:
Zip Code: 93150
Country: UNITED STATES
Telephone: 805 565-1411
Facsimile: 805 565-1415
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 250
Legal Form: Corporation - Private
Website: www.jacobstern.com
Business Activity: The
Subject is engaged as a distributor.
NOTE TO CLIENT
Person Contact: Mr. Jim Mazik,
Division Financial Controller. Mr. Mazik provided very general information,
however declined all financial details based on confidentiality. He accepted a
written inquiry and if he responds the report will be amended.
--
Acme-Hardesty has been discovered to be a fictitious name for JACOB
STERN & SONS, INC.. This report will
be on JACOB STERN & SONS, INC.
--
Mr. Mazik stated that the Acme-Hardesty Division has moved to the
following address:
Blue
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 20/03/1989
State/Province of Incorporation: PA
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity Type PENNSYLVANIA
BUSINESS CORPORATION
Entity Name STERN, JACOB
& SONS, INC.
Entity No. 716771
Filing Date 09/25/1980
Letter of Consent No
Address
JENKINTOWN
Jurisdiction -
Limited Authority No
--
The history for JACOB STERN &
SONS, INC.
Number: C1296194
Date Filed: 1/13/1986
Status: active
Jurisdiction:
Address
Agent for Service of Process
JONATHAN RODRIGUEZ-ATKATZ
-------
The fictitious name registration for Acme-Hardesty in
Basic Entity Information
Entity Type FICTITIOUS NAME
Entity Name ACME-HARDESTY CO.
Entity No. 1501394
Filing Date 03/20/1989
Letter of Consent No
Address
BLUE
County
Jurisdiction PA
Purpose WHOLESALER DISTRIBUTION
Limited Authority No
Fictitious Owners
1 JACOB STERN & SONS INC
Managers/Key
Personnel
Mr. Chip Hull
Chief Financial Officer
Mr. Phillip Bernstein
Chairman & Chief Executive Officer
Mr. Jeffrey Peeler
Vice President
AFFILIATED ENTITIES
No affiliates or subsidiaries were found.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Wells Fargo Bank appears to be their bank from public, but no other
information exists about their relationship.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 07-05 00-00 VARIED 200
100 100 0 0
0 0
CELLUL/PAG 07-01 03-08 NET 30 100
100 100 0 0
0 0 CUST 15 YR
FINCL SVCS 07-05 03-06 0000000 2700 0
0 0 0
0 0
FINCL SVCS 07-05 07-04 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
PACKAGING 07-05 00-00 NET 30 0
0 0 0
0 0 0
CUST 1 YR
TELECOM
07-04 00-00 NET 30 14900 200
100 0 0 0 0
TELECOM
07-05 00-00 NET 30 1500 300
100 0 0 0 0
AIR TRANS
06-06 06-05 0000000 400
400 100 0 0
0 0 CUST 28 YR
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0
0 0 CUST
9 YR
AUTO LEASE 06-05 00-00 VARIED 43300
0 0 0
0 0 0
CUST 6 YR
CRED CARD
07-05 00-00 REVOLVE 0
0 0 0
0 0 0
CUST 23 YR
CRED CARD
06-01 05-11 N30PRXO 500
0 0 0
0 0 0
CUST 56 YR
CRED CARD
04-05 03-01 NET 30 100 0
0 0 0
0 0 CUST 20 YR
GENERAL
05-02 04-09 NET 60 100 0
0 0 0
0 0 CUST 15 YR
OFFC SUPPL 06-12 04-03 NET 30 0
0 0 0
0 0 0
CUST 8 YR
CURRENT QUARTER 19400 700
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070500
0 3 2 500 87
13 0 0 0
20070400
0 3 2 500 87
13 0 0 0
20070300
0 4 2 500 89
11 0 0 0
20070200
0 5 14 1600 58
17 25 0 0
20070100
0 5 16 1000 53
16 31 0 0
20061200
0 4 23 800 46
6 48 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 5 700 79
16 5 0 0
Fourth
2006 33 1300 23
4 73 0 0
Third
2006 9 4700 46
50 4 0 0
Second
2006 4 5800
76 24 0
0 0
First
2006 6 7400 65
31 4 0 0
FINANCIAL INFORMATION
No financials have been returned as of yet, if they arrive, the report will
be amended. Outside sources report their revenues to be around US$28 million.
HISTORY
Founded in 1857, Jacob Stern is a privately held agri-products company
with headquarters in
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees:
250
Business Activity:
The Subject is engaged as a distributor.
Jacob Sterns & Sons, Inc.
through the ACME-Hardesty name is a distributor of a wide variety of vegetable
oil and animal fat based oleochemicals, flavor and fragrance chemicals and
other industrial chemical products. They supply to Latin America, Asia, Europe
and the
The above address is the headquarters for the Firm. Other than the
Pennsylvanaia Division, there are no other branch facilities.
PUBLIC RECORD
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 6/29/2006
Filing Number: 2006062907745
Filing Type: AMENDMENT
Original Filing Number: 2005011203550
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303365
Filing Type: AMENDMENT
Original Filing Number: 2005011203550
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303341
Filing Type: AMENDMENT
Original Filing Number: 2005010301266
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303327
Filing Type: AMENDMENT
Original Filing Number: 2005010302698
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303315
Filing Type: AMENDMENT
Original Filing Number: 2005010302713
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STEM &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303353
Filing Type: AMENDMENT
Original Filing Number: 2005011203447
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 1/5/2005
Filing Number: 2005011203550
Filing Type: INITIAL FILING
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
JACOB STERNS & SONS, INC.
Secured Parties: WELLS FARGO BANK NA WELLS FARGO BANK, NATIONAL
ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303303
Filing Type: AMENDMENT
Original Filing Number: 24351394
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
1464 E VALLEY RDPO BOX 50740
Secured Parties: COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK BA
RABOBANK
Filing Date: 4/25/2006
Filing Number: 2006042502200
Filing Type: AMENDMENT
Original Filing Number: 21460183
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIVE CENTRAL RAIFFEISEN-BOERENLEENBANK BA
RABOBANK NE
Filing Date: 4/25/2006
Filing Number: 2006042502185
Filing Type: AMENDMENT
Original Filing Number: 36881340
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 7/14/2006
Filing Number: 2006071800245
Filing Type: CONTINUATION
Original Filing Number: 34390194
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
JACOB STERN & SONS, INC.
Secured Parties: WELLS FARGO BANK, NATIONAL ASSOCIATION
Filing Date: 12/13/2005
Filing Number: 2005121303339
Filing Type: AMENDMENT
Original Filing Number: 2005010301228
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
1464 EAST VALLEY RAOD
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 1/22/2003
Filing Number: 37010315
Filing Type: AMENDMENT
Original Filing Number: 22940039
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK BA
RABOBANK
Filing Date: 4/25/2006
Filing Number: 2006042502197
Filing Type: AMENDMENT
Original Filing Number: 36890057
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 1/22/2003
Filing Number: 37010321
Filing Type: AMENDMENT
Original Filing Number: 34390194
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 1/22/2003
Filing Number: 37010319
Filing Type: AMENDMENT
Original Filing Number: 34390194
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
1464 EAST VALLEY RAOD
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 1/22/2003
Filing Number: 37010317
Filing Type: AMENDMENT
Original Filing Number: 22940039
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
JACOB STERN & SONS INC
Secured Parties: WELLS FARGO BANK NA
Filing Date: 12/20/2004
Filing Number: 2005010300199
Filing Type: CONTINUATION
Original Filing Number: 24351394
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK BA
RABOBANK
Filing Date: 1/22/2003
Filing Number: 37010531
Filing Type: AMENDMENT
Original Filing Number: 36890057
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN AND SONS, INC.
Secured Parties: BROWN BROTHERS HARRIMAN & CO.
Filing Date: 1/26/2004
Filing Number: 20040093946
Filing Type: CONTINUATION
Original Filing Number: 22940039
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
1464 E VALLEY RD
Secured Parties: COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK BA
RABOBANK
Filing Date: 12/4/2002
Filing Number: 36880863
Filing Type: CONTINUATION
Original Filing Number: 21460183
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIVE CENTRAL RAIFFEISEN-BOERENLEENBANK BA
RABOBANK NE
Filing Date: 12/5/2002
Filing Number: 36881340
Filing Type: INITIAL FILING
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS, INC.
Secured Parties: WELLS FARGO EQUIPMENT FINANCE, INC.
Filing Date: 7/29/2003
Filing Number: 20030568677
Filing Type: INITIAL FILING
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK BA
RABOBANK
Filing Date: 12/6/2002
Filing Number: 36890057
Filing Type: INITIAL FILING
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 9/24/2001
Filing Number: 34390194
Filing Type: INITIAL FILING
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
1464 EAST VALLEY RAOD
Secured Parties: BROWN BROTHERS HARRIMAN & CO
Filing Date: 9/10/2001
Filing Number: 34311699
Filing Type: AMENDMENT
Original Filing Number: 22940039
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: WELLS FARGO BANK NA
Filing Date: 1/26/2005
Filing Number: 2005012604070
Filing Type: AMENDMENT
Original Filing Number: 24351394
-----
Name Searched: JACOB STERN &
SONS
Debtor Address: JACOB STERN &
SONS INC
Secured Parties: COOPERATIVE CENTRAL RAIFFEISEN-BOERENLEENBANK BA
RABOBANK NE
Filing Date: 1/24/2003
Filing Number: 37020112
Filing Type: AMENDMENT
Original Filing Number: 36881340
--
No legal actions or bankruptcy petitions were reported.
GENERAL COMMENTS
The company is well established and has a solid payment history. They
use the Acme-Hardesty Co.as a trade style to conduct business in
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 |
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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 |
|
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 |
|
<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 |
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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%)