MIRA INFORM REPORT

 

 

Report Date :

01.03.2007

 

IDENTIFICATION DETAILS

 

Name :

ACTIVE FINANCIAL SERVICES INC.

 

 

Registered Office :

1845 Business Center Drive, Suite 115, San Bernardino, California 92408                       

 

 

Country :

United States                

 

 

Date of Incorporation :

26/10/2006

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Financial documentation preparation service, as well as engaging in carton sealer equipment sales.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : ACTIVE FINANCIAL SERVICES INC.

Address                        : 1845 BUSINESS CENTER DRIVE

               SUITE 115

City                              : SAN BERNARDINO

State/Province               : CALIFORNIA                           

Zip Code                       : 92408                       

Country                         : UNITED STATES               

Telephone                     : 909 890-9306                

Facsimile                      : 909 266-9751                 

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

Number of Employees    : 4  

Legal Form                    : Corporation - Private

Website                        : www.actfi.com

Business Activity           : The Subject is a financial documentation preparation service, as well as engaging in

                                      carton sealer equipment sales.

 

 

NOTE TO CLIENT

 

Person contacted: Mr. Howard Morihara, President.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 26/10/2006

State/Province of Incorporation    : CA

Status                                       : ACTIVE

Previous Legal Form                   :

Company is NOT required to publish an annual financial report.

 

ACTIVE FINANCIAL SERVICES INC.

Number: C2905648

Date Filed: 10/26/2006

Status: active

Jurisdiction: California

Address

1540 BARTON RD #103

REDLANDS, CA 92373

Agent for Service of Process

NATE GREEN

1845 BUSINESS CENTER DR SUITE 115

SAN BERNARDINO, CA 92408

 

 

Managers/Key Personnel

 

Mr. Howard Morihara                    President

 

AFFILIATED ENTITIES

 

There are no affiliated businesses at this time.

 

 

BANKS

 

Citibank

599 N. E. St

San Bernardino CA 92408

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Bank reference authorization was not provided at this time.

 

 

PAYMENT HISTORY

 

The Subject has not established a payment history at this time. Trade references were not provided at this time.

 

 

FINANCIAL INFORMATION

 

FINANCIAL FIGURES

 

 Year-End (D/M/Y):               31/12/2008         31/12/2007         31/12/2007

                                 Projected         Projected

 Sales / Revenues                1,000,000          100,000              -    

 

Mr. Morihara projects sales to be in the $100,000 range for 2007. He stated that 2008 sales are difficult to predict but he estimates that they will be closer to the $1 million range.

 

 

CURRENT OPERATIONS

 

NAICS Code:   56141     Document Preparation Services

SIC Code:        7338

NAICS Code:   42           Wholesale Trade

 

Number of Employees:               4  

 

Business Activity:

The Subject is a financial documentation preparation service, as well as engaging in carton sealer equipment sales.

 

Products and services include:

 

- Full sales and use tax representations on all audits and facets of the California state board of equalization

 

- Preparation and representation of International Fuel Tax Agreements taxes [IFTA] for the diesel trucking industry

- Preparation and forming of regular &  nonprofit corporations and all related services such as full grant writing for

  the funding of nonprofits

- Preparation of estate planning documentation [living trust]

- Preparation of business plans for start up businesses and going concerns

- Preparation/filings of trade and service marks

- Preparation and representation of all facets of federal income taxes

- Preparation and representation of all facets of state income taxes

- Full bookkeeping and payroll services

- Carton sealer equipment dealer

- Retirement plans

- Government Procurement Publication

 

There are no branch locations.

 

 

PUBLIC RECORD

 

We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings.

 

 

GENERAL COMMENTS

 

The Subject was incorporated in October of 2006. No payment history or public record filings were found for the Subject. The operating record is clear. The Subject is a brand new Company, and as such is somewhat speculative, however they appear capable of good trade relations.

 


 

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