MIRA
INFORM REPORT
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Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
NEW HIGH GLASS, INC. |
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Registered Office : |
12713 S.W. 125th Avenue, Miami, Florida 33186-542, United States |
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Country : |
United States |
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Date of Incorporation : |
29/08/1979 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged as a wholesaler and distributor of cosmetic packaging glass bottles, primarily nail polish bottles. |
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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : NEW HIGH GLASS, INC.
Address : 12713 S.W. 125th Avenue
City : MIAMI
State/Province : FLORIDA
Zip Code : 33186-542
Country : UNITED STATES
Telephone : 305 232-0840
Facsimile : 305 251-7622
Legal Form : Corporation - Private
Website : www.newhigh.com
Maj. Shareholder : Industrie Zignago Santa Margherita
@rating Opinion :
Business Activity : NEW HIGH GLASS, INC. is engaged as a wholesaler and distributor of
cosmetic packaging glass bottles, primarily nail polish bottles.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 40
NOTE TO CLIENT
The information in this report was provided by Ms. Alice Lardoso, Financial Controller.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 29/08/1979
State/Province of Incorporation : FL
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Florida Profit NEW HIGH GLASS, INC.
PRINCIPAL ADDRESS
12713 S.W. 125TH AVENUE
MIAMI FL 33186-5422
Changed 03/19/1985
MAILING ADDRESS
12713 S.W. 125TH AVENUE
MIAMI FL 33186-5422
Changed 03/19/1985
Document Number 640673
FEI Number 591933707
Date Filed 08/29/1979
State FL
Status ACTIVE
Effective Date NONE
Registered Agent
Name & Address
ISICOFF, ERIC D ESQ.
1101 BRICKELL AVENUE
SUITE 800
MIAMI FL 33131
Name Changed: 11/08/1996
Address Changed: 11/08/1996
Managers/Key Personnel
Mr. Enrico Racca President
Mr. Franco Grisan Director
Mr. Ermenegildo Nosella Vice President
Ms. Alice Lardoso Controller
OWNERS
Industrie Zignago Santa Margherita % Majority
AFFILIATED ENTITIES
There are no subsidiaries or divisions. Affiliated companies are
listed below:
Santa Margherita SpA
Via Ita Marzotto,8 - 30025 Fossalta di Portogruaro (Venice) - Italy
Telephone - 39 0421 246.111
Fax - 39 0421 246.417
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Linificio e Canapificio Nazionale SpA
Via Andrea Ponti, 6 - 24045 Fara Gera d'Adda (Bergamo) - Italy
Telephone +39 363 391.111 –
Fax +39 363 395.175
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Verreries Brosse S.A.S.
34 Rue Theodule Gerin,
Vieux Rouen Sur Bresle 76390, France
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Brosse U.S.A., Inc.
150 E. 58th St., 17th Floor
New York, NY 10155
Phone : 212-832-1622
Fax : 212-838-1995
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Ca' del Bosco S.p.A.
Via Case Sparse, 20
25030 Erbusco (Brescia)
Tel : 030.7766111
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KETTMEIR S.P.A.
Via Cantine 4
I-39052 CALDARO
Tel. +39 0471 96 31 35
Fax +39 0471 96 33 93
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CANTINE TORRESELLA, Srl
Via Ita Marzotto 8 - Villanova
30025 FOSSALTA DI PORTOGRUARO (VE)
Phone : +39-0421-246111
Fax : +39-0421-246417
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S.M. Tenimenti Pile e Lamole S.r.l.
Località Vistarenni 53013
Gaiole in Chianti (Siena)
Tel : 0577.738186
Fax : 0577.738549
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Vetri Specialia Spa
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S. M. Selios di Sicilia srl
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Nosio S.p.A.
Parent Companies
Parent Company: Industrie Zignago Santa Margherita
Via Ita Marzotto, 8 Fossalta di Portogruaro Venice 30025, ITALY
Telephone: 39 0421 246.204
The Parent Companies Annual Revenue for 2005 is reported to be in the US$ 340 million, however this could not be confirmed with management at the time of ths report.
Other Affiliates
Zignago Vetro SpA
Via Ita Marzotto, 8
Fossalta di Portogruaro, Venice 30025, ITALY
BANKS
SUNTRUST BANK
Richmond VA
Telephone : 800 871-7110
Facsimile : 804 594-1133
Account Number :
Account Manager :
Listed as a secured party. Requires a signed authorization for a reference.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 07-01 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
AIR TRANS
06-12 00-00 0000000 5700
600 10 90
0 0 0 CUST 13 YR
BOTL SUPLR 06-12 00-00 NET 30 2900
0 0 0
0 0 0
COMPUTERS
07-01 03-10 CREDIT 25000 0
0 0 0 0 0
FACTOR
06-12 00-00 VARIED 0 0 0 0 0
0 0
FREIGHT
06-10 06-09 VARIED 3300 200
100 0 0 0
0
PETROLEUM
07-01 07-01 VARIED 800 200
100 0 0 0
0 ACCTCLOSED
TRUCK DLR
07-01 00-00 CONTRCT 4800
200 0 100 0
0 0
AIR TRANS
05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 7 YR
AUTO PARTS 05-04 05-04 NET10TH 1000 1000
6 0 94 0 0
CUST 6 YR
BUS SERVCS 06-08 06-08 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 05-03 05-02 NET 30 0
0 0 0
0 0 0 CUST 8 YR
COMPUTERS
04-02 00-00 NET 30 0 0 0 0 0
0 0
DP EQUIP
04-04 01-03 NET 30 0 0 0 0 0
0 0
FREIGHT
06-09 06-02 VARIED 1600 0
0 0 0 0 0
TRANSPORTN 06-09 00-00 NET 30 0
0 0 0
0 0 0 CUST < 1 Y
CURRENT QUARTER 42500
1200 35 65
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070100
0 5 5 1700 68 32
0 0 0
20061200
0 5 0 2000 100
0 0
0 0
20061100
0 5 4 7200 74 26
0 0 0
20061000
0 5 2 5000 88 12
0 0 0
20060900
0 5 0 2900 100
0 0
0 0
20060800
0 5 2 9300 89 11
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
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--- -------- --- --- ---
--- ---
Fourth
2006 3 3500 77 23 0
0 0
Third
2006 1 5700 91 9 0
0 0
Second
2006 3 6900 81 19 0
0 0
First
2006 7 5000 77 12 11
0 0
Fourth
2005 2 2800 89 11 0
0 0
FINANCIAL INFORMATION
No financial figures regarding the subject company could be obtained directly from management or from outside sources at the time of this report.
CURRENT OPERATIONS
NAICS Code : 42183 Industrial Machinery and Equipment Wholesalers
SIC Code : 5084
Number of Employees: 40
Business Activity:
NEW HIGH GLASS, INC. is engaged as a wholesaler and distributor of cosmetic packaging glass bottles, primarily nail polish bottles.
The company offers a complete line of packaging components. The items offered include glass containers for nail care products, fragrance and skin care items, glass vials for samplers or specialty products, dispensers, plastic closures and other components. The products are distributed throughout North America and South America.
The heading address is the headquarters for the subject company. The location is rented and is approximately 10,000 square feet. There are additional warehouse facilities in Florida, New Jersey, California, Mexico City, Guatemala,and Colombia.
PUBLIC RECORD
No liens, judgments or bankruptcy filings found. One civil court proceeding
found:
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Name Searched : NEW HIGH GLASS INC
Debtor Address : NEW HIGH GLASS INC
12713 S W 125TH AVE, MIAMI, FL 33186
Secured Parties : BANK OF AMERICA NA
Filing Date : 2/8/2006
Filing Number : 200601834052
Filing Type : CONTINUATION
Original Filing Number : 960000145498
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Name Searched : NEW HIGH GLASS INC
Debtor Address : NEW HIGH GLASS, INC.
12713 SW 125 AVENUE
Secured Parties : SUNTRUST BANK
Filing Date : 8/3/2006
Filing Number : 200603332674
Filing Type : INITIAL FILING
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Name Searched : NEW HIGH GLASS INC
Case Number : 2006008409CA01
Case Type : AUTO NEGLIGENCE
Defendant : NEW HIGH GLASS INC,
NOSSELA, ERMENEGILDO G
Filing Date : 5/1/2006
Filing Type : CIVIL ACTION
Plaintiff : SEKER, RYAN A
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Name Searched : NEW HIGH GLASS INC
Debtor Address : NEW HIGH GLASS INC
12713 S W 125TH AVE, MIAMI, FL 33186
Secured Parties : NATIONSBANK, N.A. (SOUTH)
Filing Date : 5/16/2001
Filing Number : 200100107382
Filing Type : CONTINUATION
Original Filing Number : 960000145498
GENERAL COMMENTS
NEW HIGH GLASS, INC. is well established with operations dating from 1979. The operation history is clear with the exception of one civil action against the company. The firm is considered to be responsible for normal business transactions at this time.
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%)