MIRA INFORM REPORT

 

 

Report Date :

1st March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

ALL-STATES INC.

 

 

Registered Office :

1801 West Foster Avenue, Chicago , Illinois  60640, United States

 

 

Country :

United States

 

 

Date of Incorporation :

18.03.1982

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Manufacturer of molds, tools, and dies.

 

 

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 :

Usually Correct

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : ALL-STATES INC.

Address                        : 1801 WEST FOSTER AVENUE

City                              : CHICAGO                     

State/Province               : ILLINOIS                             

Zip Code                       : 60640                       

Country                         : UNITED STATES               

Telephone                     : 773 728-0525                

Facsimile                      : 773 728-6410                

Legal Form                    : Corporation - Private

Website                        : www.cable-ties.com

Maj. Shareholder            : Mr. William W. Shely

@rating Opinion :

Business Activity           : The Firm is a manufacturer of molds, tools, and dies.

Founded (D/M/Y)           :      /  /1963

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

Number of Employees    : 65

 

 

NOTE TO CLIENT

 

Person Contacted: Mr. William W. Shely, Chairman, Chief Executive Officer and President.

 

NOTE: The provide name; ALL STATES MANUFACTURING PRODUCTS FOR WIRING MANAGEMENT is the slogan of the Firm known as ALL-STATES INC.

 

NOTE: The provided contact numbers; Tel: 800 621-5837 and Fax: 800

424-8437 are the toll free alternate numbers. The Firm's local contact numbers are; Tel: 773 728-0525 and Fax: 773 728-6410

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            :  18/03/1982

State/Province of Incorporation    :  IL

Status                                       : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Firm is incorporated in Illinois under the following:

 

Entity Name                  : ALL-STATES INC.

File Number                   : 52683629

Status                           : GOODSTANDING

Entity Type                    : CORPORATION

Type of Corp                  : DOMESTIC BCA

Incorporation Date          : Domestic-03/18/1982

State                            : ILLINOIS

Agent Name                  : MICHAEL L MOLINARO

Agent Change Date        : 12/13/2006

Agent Street Address     : 321 N CLARK ST STE 2300

Agent City                     : CHICAGO

Agent Zip                      : 60610

Duration Date                : PERPETUAL

Old Corp Names            :

02/08/1984 - ALL STATES INC.

08/16/1983 - ALL STATES PLASTIC MANUFACTURING CO., INC.

06/21/1982 - ASP, INC.

 

 

Managers/Key Personnel

 

Mr. William W. Shely                             Chairman &  Chief Executive Officer

Mrs. Ann C. Shely                                             Vice President &  Secretary

 

 

OWNERS

 

Mr. William W. Shely                        100.00%        Majority

 

 

AFFILIATED ENTITIES

 

There are no affiliates or subsidiaries at this time.

 

 

BANKS

 

First Chicago Bank &  Trust.

 

Chicago                            IL

Telephone: 708-457-0508

Facsimile:

Account Number:

Account Manager: Ms. Pam

A request for authorization was faxed to management, if they repond the authorization will be forwarded to the bank immediately.

 

 

PAYMENT HISTORY

 

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

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

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

 AIR TRANS  06-11 00-00 NET 30  0        0        0   0   0   0   0   CUST  4 YR

 BANK       07-02 00-00 SPECIAL 4688100  0        0   0   0   0   0   CUST  1 YR

 

 FINCL SVCS 07-02 03-10 NET 30  800      0        0   0   0   0   0

 FINCL SVCS 07-02 00-00 NET     0        0        0   0   0   0   0   CUST  2 YR

 FINCL SVCS 07-02 07-02 CONTRCT 0        0        0   0   0   0   0   SATSFTRY

 LUMBR& WOOD 07-01 06-11 VARIED  1000     300      0   0   0   100 0   CUST  5 YR

 MANUFCTRNG 06-11 06-10 VARIED  100      0        0   0   0   0   0   CUST  5 YR

 PACKAGING  07-01 06-11 NET 30  0        0        0   0   0   0   0   CUST  1 YR

 AIR TRANS  06-06 06-06 0000000 14700    13700    51  49  0   0   0   CUST 29 YR

 COMPUTERS  04-02 00-00 NET 30  0        0        0   0   0   0   0

 CONST MACH 06-09 00-00 NET 30  0        0        0   0   0   0   0   CUST  6 YR

 ELEC SUPLR 05-04 00-00 VARIED  0        0        0   0   0   0   0

 FACTOR     06-09 03-04 NET 30  0        0        0   0   0   0   0

 FINCL SVCS 06-03 06-03 CONTRCT 0        0        0   0   0   0   0   SATSFTRY

 FREIGHT    06-09 06-03 VARIED  3000     0        0   0   0   0   0

 LEASING    05-01 05-01 NOTE    2900     1200     100 0   0   0   0

 LEASING    04-10 01-05 NET 30  49200    0        0   0   0   0   0   CUST  5 YR

 SAFTY PROD 04-06 00-00 NET 30  0        0        0   0   0   0   0   CUST  7 YR

 TRANSPORTN 05-12 00-00 CONTRCT 700      300      0   100 0   0   0

 TRUCK DLR  06-09 00-00 CONTRCT 100      100      100 0   0   0   0

 CURRENT QUARTER                4690000  300      0   0   0   100 0

 

Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      9         75           300      0   0   0   100 0

 20070100  0      9         45           300      0   0   100 0   0

 20061200  0      9         15           300      0   100 0   0   0

 20061100  0      7         45           600      0   0   100 0   0

 20061000  0      7         45           600      0   0   100 0   0

 20060900  0      7         45           600      0   0   100 0   0

 

 

Payment History - Quarterly Averages

 

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              38           400      0   25  75  0   0

 Third    2006              15           1411800  0   100 0   0   0

 Second   2006              0            4246000  100 0   0   0   0

 First    2006              24           4379100  72  0   9   0   19

 Fourth   2005              3            4488200  81  19  0   0   0

 

 

FINANCIAL INFORMATION

 

Mr. Shely declined to provide financial statements, however stated that the Firm generates annual sales in the US$5-10 million range.

 

 

CURRENT OPERATIONS

 

NAICS Code:   339       Miscellaneous Manufacturing

 

Number of Employees:              65

 

 

Business Activity

 

The Firm is a manufacturer of molds, tools, and dies.

 

The Firm produces a wide variety of molds, tools, and dies. The Firm specializes in injection molded nylon cable clamps and ties. The Firm also provides beaded ties, wire clips and saddles, printed circuit board supports/spacers, and accessory items, as well as a broad line of cable ties and clamps.

 

The heading address is the Firm's sole location and consists of 35,000 sqaure feet of leased office space and manufacturing facilities. The Firm also has a 10,000 square foot warehouse facilities attached to the building.

 

 

PUBLIC RECORD

 

Name Searched : ALL STATES INC

Amount                         : $ 27,970.68

Case Name                   : THOMAS PUBLISHING CO v. ALL-STATES INC

Case Number                : 04M1 0188453

Defendant                      : ALL-STATES INC

  1803 W FOSTER, CHICAGO, IL 60640-1023

Filing Date                     : 12/30/2004

Plaintiff                          : THOMAS PUBLISHING CO

Type                             : CIVIL SUIT

-

Name Searched : ALL STATES INC

Amount                         : $ 13,726.05

Case Name                   : PRO STAFF PERSONNEL SERVICES INC v. ALL-STATES INC

Case Number                : 02M1 0175258

Defendant                      : ALL-STATES INC

  1801 W FOSTER, CHICAGO, IL 60640-1023

Filing Date                     : 12/4/2002

Plaintiff                          : PRO STAFF PERSONNEL SERVICES INC

Type                             : CIVIL SUIT

-

Name Searched : ALL STATES INC

Amount                         : $ 35,317.46

Attorney                        : WILK &  WALLER

Case Name                   : NILIT AMERICA CORP v. ALL-STATES INC, et al.

Case Number                : 03L 0004015

Defendant                      : ALL-STATES INC

Doing Business                As ALL STATES PLASTICS

Filing Date                     : 4/3/2003

Plaintiff                          : NILIT AMERICA CORP

Type                             : CIVIL SUIT - COMMERCIAL LITIGATION - 002 BREACH OF CONTRACT

-

Name Searched : ALL STATES INC

Amount                         : $ 9,450.65

Case Name                   : DADUM INC v. ALL-STATES INC

Case Number                : 04M1 0106892

Defendant                      : ALL-STATES INC

  3014 N RACINE AVE STE 1,CHICAGO, IL 60657-4226

Filing Date                     : 2/4/2004

Plaintiff                          : DADUM INC

Type                             : CIVIL SUIT

-

Name Searched : ALL STATES INC

Amount                         : $ 5,273.82

Case Name                   : ALL STATES INC

Case Number                : 620743371

Debtors                         : ALL STATES INC

  1801 W FOSTER AVE, CHICAGO, IL 60640-1023

FEIN                             :36-3193803

Filing Date                     : 7/26/2006

Type                             : FEDERAL TAX LIEN

-

Name Searched : ALL STATES INC

Debtors                         : ALL STATES INC [Business]

  1801 W FOSTER AVE,CIHCAGO, ILLINOIS 60640

Filing Date                     : 05/15/2001

Filing Number                : 004385578

History                          : NUMBER OF UCC-3 STATEMENTS FILED: 1

  FILING FILING TRANSACTION

  DATE TIME TRANSACTION TYPE NUMBER

  11/17/2005 04:30 PM CONTINUATION 008786948

Secured Party               : HARRIS TRUST &  SAVINGS BANK

  111 W MONROE ST, CHICAGO, ILLINOIS 60603

Status                           : UCC-3 STATEMENT FILED

-

Name Searched : ALL STATES INC

Amount                         : $ 27,970.68

Attorney                        : ABRAMS AND ABRAMS

Case Name                   : ALL STATES INC

Case Number                : 04M1 0188453

Creditor                         : THOMAS PUBLISHING CO

Debtors                         : ALL STATES INC

  1803 W FOSTER, CHICAGO, IL 60640-1023

Filing Date                     : 3/17/2005

Type                             : JUDGMENT

-

Name Searched : ALL STATES INC

Party Address               : 1801 W FOSTER AV, CHICAGO, IL 60640

Amount                         : $ 5,273

Creditor                         : IRS

Debtors                         : ALL STATES INC

Entered                         : 07/26/2006

Number                         : 0620743371

SSN / Tax ID                 : 363-19-3803

Type                             : FEDERAL TAX LIEN

IRS Serial No. 302802906

-

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 manufacturer of molds, tools, and dies. 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

 

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