MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GENESYS
ENTERPRISES INC. |
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Registered Office : |
108 Corporate |
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Country : |
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Date of Incorporation : |
06/07/1995 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Provider of IT
solutions and consulting. |
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 : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: GENESYS
ENTERPRISES INC.
Address: 108
CORPORATE
City:
State/Province:
Zip Code: 10604
Country: UNITED
STATES
Telephone: 646
261-4312
Facsimile: 914
640-1263
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 5
Legal Form: Corporation
- Private
Website: www.igenesys.com
Business Activity: The Firm is a provider of IT solutions
and consulting.
NOTE TO CLIENT
Person Contacted:
Mr. Jerry Wright, Accounting Manager.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 06/07/1995
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is
registered in
Current Entity Name:
GENESYS ENTERPRISES INC.
Initial DOS Filing
Date: JULY 06, 1995
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status:
ACTIVE
Selected Entity
Address Information DOS Process
SOL MALIK
Principal Executive Office
SOL MALIK
Registered Agent:
NONE
Managers/Key
Personnel
Mr. Sajid Malik Chief Executive Officer
Mr. Sohel Malik President
Mrs. Saroja
Malik Vice President
AFFILIATED ENTITIES
AFFILIATES:
Genesys
International (
Aerial Surveyor Limited
Parent Companies
Parent Company: Genesys International Corporation L
BANKS
CitiBank
NY
Telephone: 212
944-8858
Facsimile:
Account Number:
Account Manager:
A request for authorization
was faxed to management, if they respond the authorization will be forwarded to
the bank immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-04 06-05 0000000 200
200 0 0
0 0 100 CUST 11 YR
FINCL SVCS 07-06 00-00 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
PACKAGING
07-06 06-10 NET 30 100 0
0 0 0
0 0 CUST
1 YR
AIR TRANS
06-11 00-00 NET 30 500 100
28 72 0
0 0 CIA
BUS SERVCS 05-09 00-00 NET 7 100
100 0 0
0 100 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
07-01 03-06 CREDIT 7500 0
0 0 0
0 0
COMPUTERS
04-08 04-01 200 100
0 0 0
0 100
GENERAL
05-02 04-10 NET 30 500 100
100 0 0 0
0 CUST 1 YR
LEASING
07-04 00-00 CONTRCT 700
700 100 0 0
0 0
LEASING
05-08 00-00 CONTRCT 1800
0 0 0
0 0 0
CUST 3 YR
OFFC SUPPL 05-02 04-12 NET 300
300 0 0
100 0 0 CUST
1 YR
OFFC SUPPL 07-01 04-07 CREDIT 1500
0 0 0 0 0
0 ACCTCLOSED
TELECOM
04-06 00-00 NET 30 0 0
0 0 0
0 0
ADMIN
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 300
200 0 0
0 0 100
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 6 105 200 0
0 0 0
100
20070500
0 6 105 200 0
0 0 0
100
20070400
0 6 0 0 0
0 0 0 0
20070300
0 6 0 0
0 0 0
0 0
20070200
0 6 0 0 0
0 0 0 0
20070100
0 6 0 100 100 0
0 0 0
FINANCIAL INFORMATION
Mr. Wright stated
that the Firm had sales in 2006 of US$ 5,768,334 and with its' sister and
parent companies US$ 34,987,656. He also stated that the Firm's net was
approximately US$ 1,506,844. Full financial information is unavailable at this
time.
CURRENT OPERATIONS
NAICS Code: 514
Information Services and Data Processing Services
Number of
Employees: 5
Business Activity:
The Firm is a
provider of IT solutions and consulting.
The Firm provider
information data technical solution for all computer based industries. The Firm
also provider IT consultation for data upgrade, system refits and new networks.
The heading address
is the Firm's headquarters and consists of 1,500 square feet of leased office
space.
The Firm also has
locations at:
Port
T: +1.772.873.4072
F:+1.772.873.0854
------
110 Corporate Park
Drive
T: +1.914.694.6940
F:+1.914.694.1263
PUBLIC RECORD
Name Searched:
GENESYS ENTERPRISES
Amount: $ 513
Creditor: NYS TAX
COMMISSION
Debtors: GENESYS
ENTERPRISES INC
318
Docket Number:
E023318270W0028
Filing Date: 7/1/2004
Type: STATE TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Debtor Address:
GENESYS ENTERPRISES, INC.
110
CORPORATE PARK DR
Secured Parties:
LEASE OPERATIONS
Filing Date: 8/21/2002
Filing Number: 02193935
Filing Type: INITIAL FILING
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 2,479
Creditor: NYS TAX COMMISSION
Debtors: GENESYS ENTERPRISES INC
318
Docket Number: E023318270W0014
Filing Date: 7/1/2004
Type: STATE TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 9,263
Creditor: IRS
Debtors: GENESYS ENTERPRISES INC
110
CORPORATE PARK DR 101
WEST
Docket Number: 4429301112
Filing Date: 10/19/2004
Type: FEDERAL TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Debtor Address: GENESYS ENTERPRISES INC
110
CORPORATE
WEST
Secured Parties:
DELL FINANCIAL SERVICES, L.P.
Filing Date: 7/20/2001
Filing Number: 01136754
Filing Type: INITIAL FILING
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 12,024
Creditor: INTERNAL REVENUE SERVICE
Debtors: GENESYS ENTERPRISES INC A CORPORATION
Tax ID: 133841162
110
CORPORATE PARK DR
WEST
Docket Number: 461146083
Filing Date: 4/24/2006
Type: FEDERAL TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 5,537
Creditor: NYS TAX
COMMISSION
Debtors: GENESYS ENTERPRISES INC
318
Docket Number:
E023318270W0066
Filing Date: 7/18/2005
Type: STATE TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Debtor Address: GENESYS ENTERPRISES INC.
110 CORPORATE
PARK DRIVE,
WEST
Secured Parties:
LAFCO, INC.
Filing Date: 6/25/2002
Filing Number: 02148683
Filing Type: INITIAL FILING
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 50
Creditor: NYS TAX COMMISSION
Debtors: GENESYS ENTERPRISES INC
318
Docket Number: E023318270W0052
Filing Date: 3/16/2005
Type: STATE TAX LIEN
--
Name Searched:
GENESYS ENTERPRISES
Debtor Address: GENESYS ENTERPRISES, INC.
110 CORPORATE PARK DRIVE
Secured Parties:
CITICORP LEASING, INC
Filing Date: 1/8/2001
Filing Number: 01004769
Filing Type: INITIAL FILING
--
Name Searched:
GENESYS ENTERPRISES
Amount: $ 100
Creditor: NYS TAX COMMISSION
Debtors: GENESYS ENTERPRISES INC
10GW
--
Name Searched:
GENESYS ENTERPRISES
Debtor Address:
GENESYS ENTERPRISES, INC.
110 CORPORATE PARK DRIVE
Secured Parties:
CITICORP LEASING, INC.
Filing Date: 10/16/2000
Filing Number: 00199891
Filing Type: INITIAL FILING
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No bankruptcy
petitions were traced to the Firm, however there are legal actions filed
against the Firm in public. The status is uncertain as no further information
is currently available.
GENERAL COMMENTS
The Firm is a well
established provider of IT solutions and consulting. The payment record is
satisfactory. No bankruptcy petitions were traced to the Firm, however there are
legal actions filed against the Firm in public records. The status is uncertain
as no further information is currently available. The Firm is considered
responsible for normal trade relations.
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%)