MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MCSHARES INC. |
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Registered Office : |
183.5 East North Street, Salima, Kansas 45674, United States |
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Country : |
United States |
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Date of Incorporation : |
07.11.1978 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer of flour and grain mill 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 : MCSHARES INC.
Trade Name(s) : Research Products Company
Address : 183.5 EAST NORTH STREET
City : SALIMA
State/Province : KANSAS
Zip Code : 45674
Country : UNITED STATES
Telephone : 785 825-2181
Facsimile : 785 825-8908
Legal Form : Corporation - Private
Website : www.researchprod.com
@rating Opinion :
Business Activity : MCSHARES INC., is a manufacturer of flour and grain mill products. The Company is
also specialized in research flour service products and chemical research activities.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Contact Person : Mrs. Donna Yung
Position : Financial Controller
Mrs. Donna Yung deferred all general and financial details citing confidentiality. She suggested the Company's website for further information.
Special Note: Research Product Company merged out of existance in Kansas to become a division of MCSHARES INC.
Thus, the report was provided on MCSHARES INC, which shares the same address as the Division Research Product Company.
Research Product Company
1835 EAST NORTH STREET
SALIMA, KANSAS 45674
Phone : 785 825-2181
Fax : 785 825-8908
Website : www.researchprod.com
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 07/11/1978
State/Province of Incorporation : KS
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
MCSHARES INC was incorporated in Kansas under the following registration:
Name : MCSHARES, INC.
Address : PO BOX 1460 SALINA, KS 67402-1460
Identification Number : 0557637
Filing Date : 11/07/1978
State of Incorporation : KANSAS
Date Incorporated : 11/07/1978
Duration : PERPETUAL
Status : ACTIVE & IN GOOD STANDING
Corporation Type : PROFIT
Business Type : DOMESTIC CORPORATION
Address Type : MAILING
Federal
Identification Number : 480880441
Where Filed : SECRETARY OF STATE/CORPORATIONS DIVISION
300 SW 10TH AVE STATE, TOPEKA, KS 66612
REGISTERED AGENT INFORMATION
Name: MCSHARES, INC.
Address: 1835 E NORTH ST
SALINA, KS
AMENDMENT INFORMATION
Amendments: 06/08/2000 MISCELLANEOUS 1999/12/31 ANNUAL REPORT FILED.
LOCATED ON MICROFILM ROLL 060,FRAME 80104
05/07/1999 MISCELLANEOUS 1998/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 056,FRAME 30146
06/29/1998 MISCELLANEOUS 1997/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 053,FRAME 10034
03/26/1997 MISCELLANEOUS 1996/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 046,FRAME 90134
04/02/1996 MISCELLANEOUS 1995/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 042,FRAME 70079
04/13/1995 MISCELLANEOUS 1994/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 038,FRAME 80087
05/24/1994 MISCELLANEOUS 1993/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 035,FRAME 40056
06/03/1993 MISCELLANEOUS 1992/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 032,FRAME 30142
05/06/1992 MISCELLANEOUS 1991/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 028,FRAME 50025
04/19/1991 MISCELLANEOUS 1990/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 026,FRAME 40105
06/01/1990 MISCELLANEOUS 1989/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 026,FRAME 40025
06/20/1989 MISCELLANEOUS 1988/12/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 014,FRAME 70049
07/07/1988 MISCELLANEOUS 1988/03/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 011,FRAME 30061
06/23/1987 MISCELLANEOUS 1987/03/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 007,FRAME 90026
12/29/1986 MISCELLANEOUS 1986/03/31 ANNUAL REPORT FILED. LOCATED ON
MICROFILM ROLL 019,FRAME 30079
ADDITIONAL DETAIL INFORMATION
Additional Details: 1999/12/31 ANNUAL RPT ON MICROFILM ROLL 060,FRAME 80104
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McShares Inc. has a registered fictitious name under the following registration:
Research Product Company has a fictitious name organized in Missouri under the following registration:
Business Name History
Name : RESEARCH PRODUCTS
Name Type : Legal
Charter Number : X00096306
Status : Fictitious Active
Entity Creation Date : 4/14/1976
Expiration Date : 8/28/2009
Owners : McShares, Inc.
Managers/Key Personnel
Mr. Monte White President
Mr. Patrick Clark Vice President - Sales
Mr. Steve Schorn/Corporate Tech Director
AFFILIATED ENTITIES
The following companies are affiliated to MCSHARES INCS.:
VIOBIN U.S.A.
BANKS
Sunflower Bank
176 North Santa Fe
Salima KS
Telephone: 785 827-5564
Facsimile: 785 826-2293
Account Number:
Account Manager:
The above bank requires an account number and authorization from the Company. If management responds to the written request, the bank will be contacted.
PAYMENT HISTORY
The
following is a payment history for Research Product Company Division.
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
CHEMICALS
07-01 00-00 CREDIT 100 100
100 0 0 0
0
CHEMICALS
07-01 06-11 NET 30 12600 0
0 0 0 0 0
FOOD
07-02 00-00 VARIED 27400 23700
70 0 0 0 30
LUMBR& WOOD 07-01 00-00 NET 30 100
0 0 0
0 0 0 CUST 97 YR
MACH DISTR 07-01 06-07 1/10N30 400 0
0 0 0 0 0
CUST 8 YR
TRUCK DLR
07-02 00-00 CONTRCT 13500
0 0 0
0 0 0
AGRI SUPPL 04-03 00-00 VARIED 0
0 0 0
0 0 0 CUST 17 YR
AIR TRANS
05-04 00-00 100 0
0 0 0 0 0
BLDG MATRL 05-10 04-10 NET 30 0
0 0 0
0 0 0
ELEC MFG
04-03 03-11 NET 30 1000 600
100 0 0 0
0
FINCL SVCS 04-06 02-10 NET 0
0 0 0
0 0 0 EXLENT ACC
FREIGHT
06-09 06-06 VARIED 21900 0
0 0 0 0 0
FRGHT FWRD 05-05 00-00 NET 30 400
400 100 0 0
0 0
GENERAL
05-02 99-06 NET 30 0 0 0 0 0
0 0 CUST 6 YR
INDUS SUPL 06-06 06-05 NET 30 1900
200 100 0 0
0 0 CUST 36 YR
LEASING
05-10 00-00 CONTRCT 4700
0 0 0
0 0 0
MACH DISTR 06-02 00-04 N10PROX 0 0 0 0 0
0 0
PAINTS
04-09 00-00 VARIED 100 100
100 0 0 0
0
SOAP
06-05 00-00 1/10N30 1100
700 100 0 0
0 0
TEMP HELP
06-01 00-00 NET 10 1600 1400
0 0 100 0 0 CUST 19 YR
TELECOM
06-02 00-00 NET 30 600 0
0 0 0 0 0
CUST 13 YR
TRANSPORTN 06-07 00-00 NET 15 0
0 0 0 0
0 0 ACCTCLOSED
WHLSE TRAD 04-04 00-00 VARIED 400
400 100 0 0
0 0
CURRENT QUARTER 54000
23700 70 0
0 0 30
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR
DBT DBT $ % 30 60
90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 7 20 27400 74 0
0 26 0
20070100
0 5 15 7100 1 99
0 0 0
20061200
0 5 14 7800 10 90
0 0 0
20061100
0 5 0 26100 100
0 0
0 0
20061000
0 5 0 4900 100
0 0
0 0
20060900
0 5 0
3600 100 0
0 0 0
Payment History -
Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 5 13700 66 34 0
0 0
Third
2006 0 3300 100 0 0 0
0
Second
2006 0 6100 100 0 0 0
0
First
2006 3 17100 79 21 0 0
0
Fourth
2005 5 14100 70 30 0
0 0
FINANCIAL INFORMATION
Mrs. Donna Yung deferred all financial information over the telephone interview and deferred a written request. Outside sources could not provide any insight into the condition of the Firm.
HISTORY
As a point of interest:
Research Product Company was a legal entity, but has merged out of existance.
Research Product Company was incorporated in Kansas under the following registration:
Business Information
Current Entity Name RESEARCH PRODUCTS COMPANY
Business Entity ID Number: 7018146
Current Mailing Address: P.O. BOX 1460, SALINA, KS 67402
Business Entity Type: FOREIGN FOR PROFIT
Current Status: MERGED OUT OF EXISTENCE
Date of Formation in Kansas: 10/29/1958
State of Organization: MO
The Last Annual Report on file: 3/1986
Forfeiture Date: 10/15/1987
CURRENT OPERATIONS
NAICS Code: 311211 Flour Milling
SIC Code: 2041
Business Activity
MCSHARES INC., is a manufacturer of flour and grain mill products.
The Company is also specialized in research flour service products and chemical research activities.
MCSHARES INC., supplies businesses withing its industry with standard-setting flour oxidation and maturing services, mineral premixes, micro-ingredient dispensing systems, and on-site field servicing. Its products include; milled rice, wheat flour, corm meal, grits corm mea, blends special blends, durum flour.
The Company sole location and headquarters is located at the above address.
PUBLIC RECORD
A nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
MCSHARES INC., serves the milling and baking industries with its flour and grain mill products. The payment history is generally satisfactory. Moreover, there are no public records or bankruptcy petitions filed by the Company.
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%)