MIRA
INFORM REPORT
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Report Date : |
26.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HEALTHSTAR INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
19/08/1983 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
International
supplier of used, rebuilt and new packaging machines and processing
equipment. |
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: HEALTHSTAR
INC.
Address:
City:
State/Province:
Zip Code: 02184
Country: UNITED
STATES
Telephone: 781
849-0076
Facsimile: 781
849-0086
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 30
Legal Form: Corporation
- Private
Website: www.healthstaronline.com
Business Activity: HealthStar is an international supplier
of used, rebuilt and new packaging machines and
processing
equipment.
NOTE TO CLIENT
Person Contacted:
Mr. William Grabowski, President.
NOTE: REGARDING
ORDERED ADDRESS,
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 19/08/1983
State/Province of
Incorporation: MA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Type: Domestic Profit Corporation
Identification
Number: 042799993
Old Federal Employer
Identification Number (Old FEIN):
000197139
Date of Organization
in
Current Fiscal
Month/Day: 12/31
The location of its principal office in
No. and Street:
City or Town:
State: MA
Zip: 02184
Country:
Name and address of the Registered Agent:
Name: LOUISE
M. GRABOWSKI
No. and Street:
City or Town:
State: MA
Zip: 02171
Country:
Managers/Key
Personnel
Mr. William J.
Grabowski President
Ms. Rhonda
Livingston Treasurer
Ms. Leslie R.
Eliopoulos Secretary
AFFILIATED ENTITIES
There are no
affiliated companies, subsidiaries or divisions.
BANKS
Sovereign Bank
Telephone:
781-963-7444
Facsimile: 617-346-7251
Account Number:
Account Manager:
The bank requires a
signed authorization which could not be obtained from management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 07-06 00-00 NET 30 100
100 100 0 0
0 0
FREIGHT
07-04 07-03 VARIED 13700 700
100 0 0 0 0
FRGHT FWRD 07-06 98-12 NET 30 0
0 0 0
0 0 0
PACKAGING
07-06 00-00 NET 30 0 0
0 0 0
0 0
SAFTY PROD 07-05 00-00 NET 30 0
0 0 0
0 0 0
CUST 6 YR
TELECOM
07-05 00-00 NET 30 1900 100
100 0 0 0 0
AIR TRANS
06-06 06-06 0000000 100
100 100 0 0
0 0 CUST 18 YR
AIR TRANS
06-11 00-00 NET 30 200 0
0 0 0
0 0 CUST 10 YR
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
07-01 00-00 CREDIT 7500 0
0 0 0
0 0 ACCTCLOSED
DP EQUIP
05-01 00-00 NET 30 0 0
0 0 0
0 0
GENERAL
05-02 03-10 NET 30 0 0
0 0 0
0 0 CUST 18 YR
MISC MANUF 06-09 06-01 VARIED 1100
0 0 0
0 0 0
CUST 2 YR
PACKAGING
05-12 04-07 NET 30 0 0
0 0 0
0 0
PACKAGING
04-11 00-00 NET 30 13200 13200
96 0 0
0 4
TRUCK DLR
07-01 00-00 CONTRCT 600
0 0 0
0 0 0
CURRENT QUARTER 15700 900
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 6 0 900 100 0 0
0 0
20070500
0 5 0 1000 100 0
0 0 0
20070400
0 5 0 300 100 0
0 0 0
20070300
0 5 0 300 100 0
0 0 0
20070200
0 6 7 600
53 47 0
0 0
20070100
0 6 0 400 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 4 400 76
24 0 0 0
Fourth
2006 0 300 100 0
0 0 0
Third
2006 6 1400
62 38 0
0 0
Second
2006 5 2400 68
32 0 0 0
First
2006 3 1400 82
18 0 0 0
FINANCIAL INFORMATION
Management declined to
provide any financial details via telephone, however accepted a written inquiry
for further details. If they respond the report will be amended immediately. An
outside source reports annual ales to be in the US$6 million range, however
this could not be confirmed.
CURRENT OPERATIONS
NAICS Code: 4214
Professional and Commercial Equipment and Supplies
Number of
Employees: 30
Business Activity:
HealthStar is an
international supplier of used, rebuilt and new packaging machines and
processing equipment. The machinery includes bottling equipment, filling
machines, tablet presses, capsule filling machines, labeling equipment,
blending equipment as well as other types of products. The machinery is
utilized by the nutritional, personal care, household products, food and
beverage, cosmetics, pharmaceutical equipment industries. The Company offer
consultation services for plant design and turn key operations. The above address is the headquarters for the
Firm. The property is leased with approximately 27,000 square feet of
space. There is a warehouse facility
located at
PUBLIC RECORD
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC
State:
Corp-Number:
042799993
Corp-Type:
INCORPORATION
History: DATE
FILING# DOCUMENT SUMMARY
3/4/2002
200209582860
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC
SECD: STERLING
NATIONAL BANK
Original Filing
Number: 200209582860
Secured Party:
STERLING NATIONAL BANK
500 7TH AVENUE 11TH
FLOOR
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC.
History: DATE
FILING# DOCUMENT SUMMARY
3/1/2001
200100299650
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC.
SECD: STERLING
NATIONAL BANK
Original Filing
Number: 200100299650
Secured Party:
STERLING NATIONAL BANK
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR
INC.
State:
Corp-Number: none
Corp-Type: CORP
History: DATE
FILING# DOCUMENT SUMMARY
12/30/2002
200217273730
TYPE: SUBORDINATION
DEBT: HEALTHSTAR
INC.
SECD: HORIZON BANK
7/24/2002
200213572260
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR
INC.
SECD: HORIZON BANK
Original Filing
Number: 200213572260
Secured Party:
HORIZON BANK
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC
State:
Corp-Number: NONE
Corp-Type:
CORPORATION
History: DATE
FILING# DOCUMENT SUMMARY
9/28/2006
200651406750
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC
SECD: SOVEREIGN BANK
Original Filing
Number: 200651406750
Secured Party:
SOVEREIGN BANK
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC.
History: DATE
FILING# DOCUMENT SUMMARY
6/20/2001
200103361200
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC.
SECD: STERLING NATIONAL
BANK
Original Filing
Number: 200103361200
Secured Party:
STERLING NATIONAL BANK
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC.
History: DATE FILING#
DOCUMENT SUMMARY
3/21/2005
200537521210
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC.
SECD: WILLIAM J.
GRABOWSKI
Original Filing
Number: 200537521210
Secured Party:
WILLIAM J. GRABOWSKI
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR,
INC.
State:
Corp-Number:
042799993
Corp-Type:
INCORPORATION
History: DATE
FILING# DOCUMENT SUMMARY
5/29/2002
200211970860
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR,
INC.
SECD: STERLING
NATIONAL BANK
Original Filing
Number: 200211970860
Secured Party:
STERLING NATIONAL BANK
Status: ACTIVE
--
Name Searched:
HEALTHSTAR INC.
Debtors: HEALTHSTAR
INC.
History: DATE
FILING# DOCUMENT SUMMARY
1/28/2005
200536200080
TYPE: AMENDMENT
DEBT: HEALTHSTAR
INC.
SECD: AVENTIS
PHARMACEUTICALS INC.
2/6/2004
200427345270
TYPE: AMENDMENT
DEBT: HEALTHSTAR
INC.
SECD: AVENTIS
PHARMACEUTICALS INC.
12/5/2003
200325846590
TYPE: UCC-1 ORIGINAL
DEBT: HEALTHSTAR
INC.
SECD: AVENTIS
PHARMACEUTICALS INC.
--
No legal actions or
bankruptcy petitions were filed under the Subject's name.
GENERAL COMMENTS
HEALTH STAR INC. is
an old, well established firm, engaged as a wholesaler of new and used
industrial machinery. Management declined all financial details and outside
sources consulted could not add any insight into the financial condition of the
Firm. The payment record appears satisfactory and the operating history is
clear. Nothing of a negative nature was reported or noted.
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%)