MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MEGA STONE
COMPANY, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08/08/1997 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Engages as a
supplier of stone 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: MEGA
STONE COMPANY, INC.
Address:
City:
State/Province:
Zip Code: 60007
Country: UNITED
STATES
Telephone: 847
690-9909
Facsimile: 847
690-9907
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
6
Legal Form: Corporation
- Private
Website: http://megastone1.com
Business Activity: The Company engages as a supplier of
stone products. It specializes in fabricating
countertops
made of marble, granite, and limestone.
NOTE TO CLIENT
PERSON CONTACTED:
Mr. Matt Mammen,
Office Manager.
--
Mr. Mammen provided
the information found in this report. He could not verify why the registration
status is listed as " dissolved"
with the Illinois Secretary of State. He also was unable to provide any
financial information for the Subject.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 08/08/1997
State/Province of
Incorporation:
Status: DISSOLVED
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name MEGA
STONE COMPANY, INC.
File Number 59540343
Status INVOLUNARILY
DISSOLVED
Entity Type CORPORATION
Type of Corp DOMESTIC
BCA
Incorporation
Date 08/08/1997
State
Registered
Agent: P
Agent Address:
Agent Change
Date: 04/17/1998
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NOTE: It is not
uncommon, nor necessarily detrimental to find an incorporation status as
dissolved. This term may result from a
failure to send updated information to the Offices of the Secretary of State,
or taxes that have not been brought to current.
The Company may have outsourced these responsibilities and may not be
aware of the situation. A company can,
most certainly, still operate under these conditions. The status can be easily reinstated to active
once the problem is remedied.
Managers/Key
Personnel
Mr. Sujatha
Pulikiri President
Mr. Matt Mammen Office Manager
AFFILIATED ENTITIES
The Subject does not
report any affiliated companies or subsidiaries.
BANKS
AMERICAN CHARTERED
BANK
Telephone: 847
517-5400
Facsimile: 847
517-4340
Account Number:
Account Manager:
Melissa
The Subject lists
the bank above as the primary bank of use.
A request for detailed account information has been forwarded to the
bank. It often takes a few days before a
response is received. Additional info that becomes available will be forwarded.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
FACTOR
07-03 06-08 NET 30 0 0
0 0 0
0 0
PETROLEUM
07-03 07-03 VARIED 1700 800
100 0 0 0
0 CUST 9 YR
PRNTG& PUBL 07-05 00-00 VARIED 1000
600 100 0 0
0 0
WAREHOUSE
07-05 07-02 VARIED 600 100
100 0 0 0
0 CUST 9 YR
BLDG MATRL 07-01 06-01 CREDIT 10000
0 0 0
0 0 0
ACCTCLOSED
FRGHT FWRD 06-02 06-02 VARIED 1800
1800 100 0 0
0 0
LEASING
05-10 00-00 CONTRCT 1600
1600 100 0 0
0 0
OFFC SUPPL 05-07 98-09 CREDIT 0
0 0 0
0 0 0 CUST 8
YR
OFFC SUPPL 07-01 98-10 CREDIT 1500
0 0 0
0 0 0
PETROLEUM
04-10 00-00 VARIED 1500 1300
99 1 0
0 0
TELECOM
04-12 00-00 NET 30 200 100
50 50 0
0 0 DISPUTE
TELECOM
06-11 00-00 NET 30 100 100
100 0 0 0 0
CURRENT QUARTER 3300 1500
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070600
0 4 0 1500 100 0
0 0 0
20070500
0 3 0 800 100 0
0 0 0
20070400
0 3 0 1300 100 0
0 0 0
20070300
0 4 0 1300 100 0
0 0 0
20070200
0 3 0 1200 100 0
0 0 0
20070100
0 3 0 700 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 1300
100 0 0 0 0
Fourth
2006 3 1200 81
19 0 0 0
Third
2006 0 1600 100 0
0 0 0
Second
2006 2 2000 88
12 0 0 0
First
2006 6
1900 76 16 8 0 0
FINANCIAL INFORMATION
Financial
information could not be obtained at this time.
CURRENT OPERATIONS
NAICS Code: 327991
Cut Stone and Stone Product Manufacturing
SIC Code: 3281
Number of Employees:
6
Business Activity:
The Company engages
as a supplier of stone products. It specializes in fabricating countertops made
of marble, granite, and limestone. The heading address is the Company
headquarters and sole location and serves as an administrative office,
manufacturing facility, warehouse, showroom and sales and distribution
center. The property is owned by the
Company.
PUBLIC RECORD
A search of public
revealed the following:
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Name Searched: MEGA
STONE
Debtors: MEGA STONE
COMPANY, INC [Business]
1480 LANDMEIER
Filing Date:
12/26/2003
Filing Number:
008018111
Secured Party:
GENERAL ELECTRIC CAPITAL CORPORATION
Status: NO ACTION
TRANSACTED
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No additional UCC
filings, or any bankruptcy petitions, legal proceedings, or tax liens were
found against the firm at this time.
GENERAL COMMENTS
Mega Stone Company
Inc., incorporated in 1997 in the state of
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%)