MIRA INFORM REPORT

 

 

Report Date :

09.06.2007

 

IDENTIFICATION DETAILS

 

Name :

STAUBER PERFORMANCE INGREDIENTS, INC.

 

 

Registered Office :

4120 North Palm Street, Fullerton, California - 92835                       

 

 

Country :

United States               

 

 

Date of Incorporation :

1969

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Distributor of ingredients to dietary supplement and food manufacturers.

 

 

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:            STAUBER PERFORMANCE INGREDIENTS, INC.

Address:                       4120 North Palm Street

City:                             FULLERTON                   

State/Province:              CALIFORNIA                  

Zip Code:                      92835                       

Country:                                    UNITED STATES               

Telephone:                    714.441.3900                

Facsimile:                     714 441-3909                   

Founded (D/M/Y):          /  /1969

In KUSD  As of:

Sales / Revenue:

Net Income:

Total Equity:

Number of Employees:   40

Legal Form:                   Corporation - Private

Website:                       www.stauberusa.com

Business Activity:          The Subject is a distributor of ingredients to dietary supplement and food manufacturers.

 

 

NOTE TO CLIENT

 

Person Contacted: Ms. Linda Bouton, Accounts Receivable.

 

Ms. Bouton confirmed very general information before deferring all information to Ms. Kathleen Isenberg, Controller, who was not available when we contacted the Company.

 

A written request was sent 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):                           24/09/1971

State/Province of Incorporation:   CA

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

STAUBER PERFORMANCE INGREDIENTS, INC.

Number:            C0634952

Date Filed:        9/24/1971

Status:              active

Jurisdiction:       California

Address

4120 N PALM ST

FULLERTON, CA 92835

Agent for Service of Process

DAN STAUBER

4120 N PALM ST

FULLERTON, CA 92835

 

Managers/Key Personnel

 

Mr. Dan Stauber                                    Chief Executive Officer

Mr. Harold Schierholt                              Chief Operating Officer

Mr. Greg Buscher                                  Chief Financial Officer

Ms. Kathleen Isenberg               Controller

 

 

AFFILIATED ENTITIES

 

No Parent Company, Subsidiaries nor Divisions.

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Banking information was not confirmed by management. COMERICA BANK was listed a as secured party.

 

 

PAYMENT HISTORY

 

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

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

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

 AIR TRANS  07-03 07-03 0000000 4000     700      97  3   0   0   0   CUST 22 YR

 BUS SERVCS 07-05 00-00 VARIED  1200     200      100 0   0   0   0

 

 FOOD       07-05 00-00 VARIED  34900    34900    96  4   0   0   0

 FREIGHT    07-04 07-03 VARIED  4400     400      100 0   0   0   0

 FREIGHT    07-04 05-02 VARIED  1500     300      100 0   0   0   0

 PACKAGING  07-05 03-11 NET 30  700      300      0   100 0   0   0   CUST 10 YR

 PERSNLSVCS 07-05 07-04 ROI     6400     0        0   0   0   0   0

 PETROLEUM  07-03 06-04 VARIED  1700     0        0   0   0   0   0   CUST 15 YR

 SAFTY PROD 07-05 00-00 NET 30  0        0        0   0   0   0   0   CUST  1 YR

 TRUCK DLR  07-05 00-00 CONTRCT 1700     200      0   100 0   0   0

 AIR TRANS  06-11 00-00 NET 30  400      400      0   0   0   0   100 COLLECTION

 AUTO LEASE 05-07 00-00 VARIED  31300    0        0   0   0   0   0   CUST  5 YR

 BLDG MATRL 06-10 06-02 NET 30  8400     0        0   0   0   0   0

 CELLUL/PAG 04-09 04-08 NET 30  100      0        0   0   0   0   0   CUST  2 YR

 CHEMICALS  07-01 06-12 NET 30  19300    1300     100 0   0   0   0

 COMPUTERS  07-01 00-00 CREDIT  25000    0        0   0   0   0   0

 COMPUTERS  06-06 06-05 0000000 2800     200      0   100 0   0   0

 CRED CARD  07-05 00-00 REVOLVE 0        0        0   0   0   0   0   CUST 29 YR

 CRED CARD  07-05 00-00 REVOLVE 1100     100      100 0   0   0   0   CUST 27 YR

 CRED CARD  07-03 07-03 N30PRXO 1700     100      100 0   0   0   0   CUST 18 YR

 FACTOR     05-01 01-12 NET 30  0        0        0   0   0   0   0   CUST  4 YR

 FREIGHT    05-12 05-12 VARIED  0        0        0   0   0   0   0

 GENERAL    05-02 01-12 NET 30  0        0        0   0   0   0   0   CUST 34 YR

 LAUNDRY    04-07 00-00 NET 30  100      100      100 0   0   0   0

 LAUNDRY    06-11 00-00 NET 30  200      200      100 0   0   0   0

 LEASING    06-02 00-00 CONTRCT 1500     0        0   0   0   0   0   CUST  1 YR

 MANUFCTRNG 04-10 04-07 VARIED  21600    1100     0   0   100 0   0

 OFFC SUPPL 07-01 00-00 CREDIT  7000     0        0   0   0   0   0

 PETROLEUM  04-10 00-00 VARIED  3800     2900     100 0   0   0   0   PROMPT

 RENTALS    06-10 00-00 NET 10  400      400      0   50  50  0   0

 TEMP HELP  06-06 06-06 ROI     2700     2700     0   100 0   0   0

 TEMP HELP  06-08 00-00 NET 7   5500     0        0   0   0   0   0

 TELECOM    07-04 00-00 NET 30  100      0        0   0   0   0   0   PAYS-SLOW

 TRANSPORTN 05-08 00-00 CONTRCT 1900     200      0   100 0   0   0

 TRANSPORTN 05-12 00-00 NET 15  0        0        0   0   0   0   0   ACCTCLOSED

 CURRENT QUARTER                56500    37000    95  5   0   0   0

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070500  0      5         10           7500     45  50  5   0   0

 20070400  0      9         12           9700     18  82  0   0   0

 20070300  0      11        6            26700    60  40  0   0   0

 20070200  0      10        11           11300    24  76  0   0   0

 20070100  0      7         6            25600    61  38  1   0   0

 20061200  0      6         3            24200    80  19  1   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 First    2007              9            15700    42  58  0   0   0

 Fourth   2006              4            23600    73  26  1   0   0

 Third    2006              10           5200     33  67  0   0   0

 Second   2006              6            2500     57  43  0   0   0

 First    2006              9            3600     43  57  0   0   0

 

 

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:   42269     Other Chemical and Allied Products Wholesalers

SIC Code:     5169

 

Number of Employees:              40  

 

Business Activity:

The Subject is a distributor of ingredients to dietary supplement and food manufacturers.

 

Products include minerals, amino acids, vitamins, fruit powders, vegetable powders, herb powders, and various specialty products.

 

The Company distributes its products to the food, Pharmaceuticals, cosmetic, and the health food supplements.

 

 

The Company acts as marketing representative for FMC BIOPOLYMERS, ROCHEVITAMINS, AJINOMOTO, TOMITA PHARMACEUTICAL, TAKEHARA and CYANOTECH.

 

The heading address is the headquarters for the Company.

 

The Subject has one warehouse location at:

 

Utah warehouse

2714 N 1600 W

Pleasant View, UT 84404

 

and one branch location at:

6560 Stonegate Drive

Allentown, PA 18106

 

 

PUBLIC RECORD

 

Name Searched: STAUBER PERFORMANCE INGREDIENTS INC.

Parties: NEXT PHARMACEUTICALS INC, (CROSS DEFENDANT)

STAUBER PERFORMANCE INGREDIENTS INC, (CROSS COMPLAINANT)

Case Name: NEXT PHARMACEUTICALS INC VS STAUBER PERFO

Case Number: 03CC06127

 

Case Type: CONTRACT - BREACH

Defendant: STAUBER PERFORMANCE INGREDIENTS INC

Filing Date: 4/29/2003

Filing Type: CIVIL

Plaintiff: NEXT PHARMACEUTICALS INC

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

Name Searched: STAUBER PERFORMANCE INGREDIENTS INC.

Debtors: STAUBER PERFORMANCE INGREDIENTS, INC. [BUSINESS]

4120 NORTH PALM ST

FULLERTON, CA 92835

Filing Date: 05/27/2005

Filing Number: 057028682351

Secured Party: COMERICA BANK [BUSINESS]

38200 SIX MILE ROAD

LIVONIA, MI 48152-2689

Status: UNLAPSED

Type: FINANCING STATEMENT

 

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 distributor of ingredients to dietary supplement, operating since 1969. The Payment history appears satisfactory and no adverse information was traced. 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