MIRA INFORM
REPORT
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Report Date : |
08.06.2007 |
IDENTIFICATION DETAILS
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Name : |
LADDS CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27/06/1986 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Distributes linen,
uniform supplies, and other related products. |
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: LADDS
CORPORATION
Address:
City:
State/Province:
Code: 77477
Country: UNITED
STATES
Telephone: 281
495-5200
Facsimile: 281
495-5200
Founded
(D/M/Y): / /1986
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
15
Legal Form: Corporation
- Private
Website: www.laddscorp.com
Maj.
Shareholder: Mr. Noor Ali Hussain
Business Activity: The Company distributes linen, uniform
supplies, and other related products.
NOTE TO CLIENT
Ms. Elise Hardwich,
Accounts Payable.
Ms. Hardwich
provided general information for this report, before deferring all other
information to a fax request.
Please note that we did send a written request to her attention via
facsimile. An update will be provided accordingly should we receive a response
at a later time.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 27/06/1986
State/Province of
Incorporation: MD
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated on
Entity Name: LADDS
CORPORATION
Dept. ID #:
D02159705
Principal Office
(Current):
Resident Agent
(Current): HIQ MARYLAND CORPORATION
5TH FLOOR
Status: REVIVED
Good Standing: No
Date of Formation or
Registration: 06/27/1986
State of
The definition of
the status Revived:
The entity is
currently back to active status after having been forfeited in the past. The
entity took the legal steps necessary to reinstate its existence.
The Subject
qualified in
Company
Information: LADDS CORPORATION
Status: IN GOOD
STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through
November 15, 2007
Registered Agent:
NOOR ALI HUSSAIN
3930 WESTHOLME
Registered Agent
Resignation Date:
State of
File Number:
0011801006
Charter/COA Date:
February 1, 1988
Charter/COA Type:
COA
Taxpayer Number:
15214692152
Managers/Key
Personnel
Mr. Noor Ali
Hussain President
OWNERS
Mr. Noor Ali
Hussain
% Majority
AFFILIATED ENTITIES
There are no
affiliated companies.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Banking information
could not be obtained.
PAYMENT HISTORY
The firm is not a large
seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL INFORMATION
The Subject would
not disclose any financial information when contacted citing company policy.
Other outside sources could not provide any further insight into the financial
condition of this firm.
CURRENT OPERATIONS
NAICS Code: 81233
Linen and Uniform Supply
Number of
Employees: 15
Business Activity:
The Company
distributes linen, uniform supplies, and other related products. The Subject provides linen products used in
the Auto Detailing, Hospitality, Healthcare, and institutional industries.
The Company also
have in-house equipment and expertise to provide the following services on all
applicable products:
- Kaumographing
- Stamping
- Screen Printing
- Stencilling
The heading address
is the sole location for the Company.
The Subject has
moved from:
3930 WESTHOLME
to its current location
about 3 years ago. (the Subject's web site is not frequently updated)
TRADE REFERENCES
Trade references
were not provided.
PUBLIC RECORD
Name Searched: LADDS
CORP.
Debtors:
LADDS CORPORATION
[Business]
LONE
Filing Date:
4/21/2004
Filing Number:
40065173733
Secured Party:
UNITED CENTRAL BANK [Business]
8585
Status: ACTIVE AS OF
4/21/2004
Type: UCC STANDARD
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Name Searched: LADDS
CORP.
Party Address:
Amount: $ 3,082
Creditor:
SOUTHEASTERN FREIGHT LINES
Debtors: LADDS
CORPORATION
Entered: 12/20/2002
Number: CV12C0024403
Type: CIVIL NEW FILING
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject appears
to be a well established linen and uniform supplies distributor, operating
since 1986. No significant payment record could not be developed. Public shows
one statement of claims against the Company, the outcome of which is not
expected to have a material adverse effect on the Corporation's results of
operations. The Company is considered responsible for normal business
transactions.
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%)