MIRA
INFORM REPORT
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Report Date : |
1st March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
STAINLESS STRUCTURALS, LLC |
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Registered Office : |
590 Beautyrest Avenue, Jacksonville, Florida 32254, United States. |
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Country : |
United States |
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Date of Incorporation : |
14.06.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged as a wholesaler specific stainless steel products produced by its international mills mainly in India and Switzerland. |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : STAINLESS STRUCTURALS, LLC
Address : 590 BEAUTYREST AVENUE
City : JACKSONVILLE
State/Province : FLORIDA
Zip Code : 32254
Country : UNITED STATES
Telephone : 904 781-6447
Facsimile : 904 781-6444
Legal Form : Limited Liability Company
Website : www.stainless-structurals
@rating Opinion :
Business Activity : Stainless Structurals LLC. is engaged as a wholesalers specific stainless steel products
produced by its international mills mainly in India and Switzerland.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 12
NOTE TO CLIENT
Contact Person: Mr. Paul K. Remsen
Position: President
Mr. Paul K. Remsen responded to most general information; however, he declined all financial details citing confidentiality. Additional information in this report was retrieved from the Company's website and outside sources and has not been confirmed with management.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 14/06/2005
State/Province of Incorporation : FL
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in Florida under the following registration:
STAINLESS STRUCTURALS, LLC
PRINCIPAL ADDRESS
590 BEAUTYREST AVENUE
JACKSONVILLE FL 32254
Changed 01/04/2007
MAILING ADDRESS
590 BEAUTYREST AVENUE
JACKSONVILLE FL 32254
Changed 01/04/2007
Document Number : L05000058708
FEI Number : 743147411
Date Filed : 06/14/2005
State : FL
Status : ACTIVE
Effective Date : NONE
Total Contribution : 0.00
Registered Agent
Name & Address: GLAZIER & GLAZIER, P.A.
8825 PERIMETER PARK BOULEVARD, SUITE 504
JACKSONVILLE FL 32216
Annual Reports Report Year Filed Date
2006 01/16/2006
2007 01/04/2007
Managers/Key Personnel
Mr. Paul K. Remsen President
AFFILIATED ENTITIES
Mr. Paul K. Remsen stated that Mountain Staahl was an affiliated business.
BANKS
Texas Capital Bank NA International Trade Services
2100 Mekinney Avenue Suite 1225
Dallas TX 75201
Telephone:
Facsimile:
Account Number:
Account Manager:
The above mentioned bank was mentioned as a secured party for financing.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
BUS SERVCS 07-02 00-00 NET 30 200
100 100 0 0
0 0
TRUCK DLR
07-02 00-00 CONTRCT 100
0 0 0
0 0 0
AIR TRANS
06-07 06-07 0000000 500
500 100 0 0
0 0 CUST 1 YR
FRGHT FWRD 06-02 06-02 NET 15 1000
1000 100 0 0
0 0
TRANSPORTN 06-08 00-00 NET 30 0 0 0 0
0 0 0 CUST < 1 Y
CURRENT QUARTER 300
100 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 6 0 100 100
0 0
0 0
20070100
0 5 0 200 100
0 0
0 0
20061200
0 5 0
0 0
0 0 0 0
20061100
0 5 0 0 0 0
0 0 0
20061000
0 4 0 200 100
0 0
0 0
20060900
0 4 0 100 100
0 0
0 0
FINANCIAL INFORMATION
Mr. Paul K. Remsen deferred all financial information. Outside sources also failed to add any insight into the current financial situation of the firm.
CURRENT OPERATIONS
NAICS Code: 42151 Metal Service Centers and Offices
SIC Code: 5051
Number of Employees: 12
Business Activity
Stainless Structurals LLC. is engaged as a wholesalers specific stainless steel products produced by its
international mills mainly in India and Switzerland.
The Company provides material based on distributors,service centers and qualified end users as designers and engineers specifications. Stainless Structurals LLC. carries an inventory of certified stainless steelshapes, including: beams, channels, equal and unequal angles and tees. The Company's stainless structurals are produced by two methods: hot rolling and L-Ray™ Laser Fusion.
The above address is the sole location for the Firm.
TRADE REFERENCES
Mr. Paul K. Remsen provided two supplier references:
Viraj Profiles - India
Mountain Staahl - Switzterland (a related company to the Subject, however also a supplier).
We do not contact suppliers overseas.
PUBLIC RECORD
DEBTOR INFORMATION
Debtor(s): STAINLESS STRUCTURALS, LLC
590 BEAUTYREST AVENUE
JACKSONVILLE, FL 32254
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): TEXAS CAPITAL BANK, N.A.
6060 NORTH CENTRAL EXPRESSWAY, SUITE 800
DALLAS, TX 75206
COLLATERAL INFORMATION
Collateral Type: ALL INVENTORY AND PROCEEDS
Collateral Type: ALL CHATTEL PAPER AND PROCEEDS
Collateral Type: ALL ACCOUNT(S) AND PROCEEDS
Collateral Type: ALL EQUIPMENT AND PROCEEDS
Collateral Type: ALL GENERAL INTANGIBLE(S) AND PROCEEDS
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A nationwide search of bankruptcy courts revealed no of the Company filing for bankruptcy.
GENERAL COMMENTS
Stainless Structurals LLC, is a wholesaler and distributor of stainless steel structural products. The payment history indicates that the Subject is efficient with its payments. There are no bankruptcy filings revealed over a nationwide search of bankruptcy courts.
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%)
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