MIRA INFORM REPORT

 

 

Report Date :

2nd March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

BAY STATE CABLE TIES, LLC

 

 

Registered Office :

5680 John Givens Road, Crestview, Florida  32539 , United States

 

 

Country :

United States

 

 

Date of Incorporation :

22.01.2001

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Engaged as a manufacturer and distributor of wire management products including mounting accessories, clamps, terminals, wire nuts, Velcro and electrical tape.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : BAY STATE CABLE TIES, LLC

Trade Name(s)               : BSCT

Address                        : 5680 JOHN GIVENS ROAD

City                              : CRESTVIEW

State/Province               : FLORIDA                              

Zip Code                       : 32539                       

Country                         : UNITED STATES               

Telephone                     : 850-423-4680                

Facsimile                      : 850-423-4687

Legal Form                    : Limited Liability Company

Website                        : www.baystatecableties.com

@rating Opinion :

Business Activity           : The Company is engaged as a manufacturer and distributor of wire management

                                      products including mounting accessories, clamps, terminals, wire nuts, Velcro and

                                      electrical tape.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

Attempts were made to contact the Company however we were unable to reach Management. There has been no response to several attempts made to contact the Subject. Therefore, general information in this report cannot be substantiated.

 

 

LEGAL

 

Legal Form                                            : Limited Liability Company                

Since (D/M/Y)                                        :  22/01/2001

State/Province of Incorporation                :  MA

Status                                                   : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Company is organized in the state of Massachusetts:

 

BAY STATE CABLE TIES, LLC

Entity Type                                                                    : Domestic Limited Liability Company (LLC)

Identification Number                                                      : 043461275

Old Federal Employer Identification Number (Old FEIN)     : 000738753

Date of Organization in Massachusetts                            : 01/22/2001

Date of Cancellation                                                       : 02/27/2007

Last Date Certain                                                           : 3/1/2007

18 TREMONT ST BOSTON MA 02108

Resident Agent: UNITED CORPORATE SERVICES, INC.18 TREMONT ST.

BOSTON  MA  02108

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

The Company is qualified to do business in the state of Florida:

BAY STATE CABLE TIES, LLC

 

PRINCIPAL ADDRESS

5680 JOHN GIVENS ROAD

CRESTVIEW FL 32539

 

MAILING ADDRESS

5680 JOHN GIVENS ROAD

CRESTVIEW FL 32539

Document Number M06000003341

FEI Number 043461275

Date Filed 06/15/2006

State MA

Status ACTIVE

 

Registered Agent

UNITED CORPORATE SERVICES, INC.

9200 SOUTH DADELAND BLVD., SUITE 508

MIAMI FL 33156

 

 

Managers/Key Personnel

 

Mr. Robert Sires                       President

 

 

AFFILIATED ENTITIES

 

The Company's website does not report any affiliates or subsidiaries.

 

 

BANKS

 

FL

Telephone:

Facsimile:

Account Number:

Account Manager:

We could not obtain any bank information.

 

 

PAYMENT HISTORY

 

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

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

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

 BUREAU     07-01 07-01 NET30   300      100      100 0   0   0   0

 FRGHT FWRD 07-01 06-12 NET 15  700      100      0   100 0   0   0   SATSFTRY

 

 OFFC SUPPL 07-01 00-00 CREDIT  2000     700      100 0   0   0   0

 PACKAGING  07-01 06-12 NET 30  5300     300      0   100 0   0   0   CUST  7 YR

 PLUMBING   07-01 06-10 NET 30  0        0        0   0   0   0   0

 TELECOM    06-10 00-00 ROI     900      0        0   0   0   0   0   CUST  2 YR

 TRUCK DLR  07-01 00-00 CONTRCT 1000     0        0   0   0   0   0

 AIR TRANS  05-09 05-09         2000     0        0   0   0   0   0

 FREIGHT    06-09 06-08 VARIED  4800     4800     100 0   0   0   0

 HEATNG& A/C 06-03 00-00 NET 30  4200     2800     100 0   0   0   0

 MISC MANUF 06-01 00-00 VARIED  4100     0        0   0   0   0   0

 PACKAGING  06-01 04-09 NET 30  700      400      0   0   100 0   0

 TEMP HELP  05-11 00-00 NET 7   2900     0        0   0   0   0   0

 TELECOM    05-01 00-00 NET 30  0        0        0   0   0   0   0

 CURRENT QUARTER                10200    1200     65  35  0   0   0

 

 

 Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      10        5            1200     65  35  0   0   0

 20070100  0      6         8            1300     48  52  0   0   0

 20061200  0      6         0            2700     100 0   0   0   0

 20061100  0      5         7            1200     53  47  0   0   0

 20061000  0      5         5            4300     74  24  2   0   0

 20060900  0      6         3            1800     90  5   5   0   0

 

Payment History - Quarterly Averages

 

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              4            1700     76  24  0   0   0

 Third    2006              4            2700     75  23  2   0   0

 Second   2006              9            4900     39  61  0   0   0

 First    2006              3            3200     81  19  0   0   0

 Fourth   2005              3            3200     77  23  0   0   0

 

 

FINANCIAL INFORMATION

 

We could not obtain any financial information and outside sources provided no insight into the financial status of the Company.

 

 

CURRENT OPERATIONS

 

NAICS Code:   33593     Wiring Device  Manufacturing

 

 

Business Activity

 

The Company is engaged as a manufacturer and distributor of wire management products including mounting accessories, clamps, terminals, wire nuts, Velcro and electrical tape.

 

The headquarters is at the above-noted address. The Company's website does not report any branch locations or divisions.

 

 

PUBLIC RECORD

 

The following Uniform Commercial Codes were filed by the Company:

 

UNIFORM COMMERCIAL CODE REPORT

Information Current Through        : 02-15-2007

Database Updated                     : 02-28-2007

 

Update Frequency                      : Weekly

Current Date                              : 03/01/2007

Source                                      :  MA SECRETARY OF STATE

FILING INFORMATION

Filing Number                            :  200428555830

Filing Date                                 :  03/26/2004

Filing Time                                :  11:09PM

Filing Type                                :  ORIGINAL

Filing Office                               :  SECRETARY OF THE COMMONWEALTH/UCC DIVISION

  1 ASHBURTON PL STE 1711

  BOSTON, MA 02108

 

DEBTOR INFORMATION

Debtor(s)                                   :  BAY STATE CABLE TIES

                          183 BISCAYNE ROAD, LEOMINSTER, MA 01453

D& B DUNS Number                  :  01-964-8000

 

SECURED PARTY OR CREDITOR INFORMATION

 

Secured Party(s):  SPORTSMEN'S PLASTIC, INC.

21 CENTRAL COURT

LEOMINSTER, MA 01420

D& B DUNS Number:  00-113-0137

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

UNIFORM COMMERCIAL CODE REPORT

Information Current Through        : 02-15-2007

Database Updated                     : 02-28-2007

Update Frequency                      : Weekly

Current Date                              : 03/01/2007

Source                                      :  MA SECRETARY OF STATE

 

FILING INFORMATION

 

Filing Number                            :  200427722710

Filing Date                                 :  02/24/2004

Filing Time                                :  11:43PM

Filing Type                                :  TERMINATION

Filing Date of Related Filing        :  04/29/1999

Filing Office                               :  SECRETARY OF THE COMMONWEALTH/UCC DIVISION

  1 ASHBURTON PL STE 1711

              BOSTON, MA 02108

 

DEBTOR INFORMATION

 

Debtor(s)                                   :  BAY STATE CABLE TIES

  183 BISCAYNE ST., LEOMINSTER, MA 01453

D& B DUNS Number                  :  01-964-8000

SECURED PARTY OR CREDITOR INFORMATION

Secured Party(s):  S. I. S.

1441 MAIN ST.

SPRINGFIELD, MA 01103

D& B DUNS Number:  00-695-6148

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

A search of bankruptcy courts revealed no record of the Company filing for bankruptcy.

 

 

GENERAL COMMENTS

 

The Subject is engaged as an established manufacturer and distributor of wire management products including mounting accessories, clamps, terminals, wire nuts, Velcro and electrical tape. Payment are considered to be generally satisfactory and a search of public records and bankruptcy courts returned no derogatory information or record of the Company filing a bankruptcy petition.

 

 

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