MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KARI-OUT CLUB LLC |
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Registered Office : |
399 Knollwood Road Suite 309, White Plains, New York 10603, United States |
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Country : |
United States |
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Date of Incorporation : |
08.07.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer and supplier of takeout condiments to Chinese
restaurant. |
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 : KARI-OUT CLUB LLC
Trade Name(s) : Kari-Out Company
Address : 399 KNOLLWOOD ROAD SUITE 309
City : WHITE PLAINS
State/Province : NEW YORK
Zip Code : 10603
Country : UNITED STATES
Telephone : 914 580-3200
Facsimile : 914 580-3248
Legal Form : Limited Liability Company
Website : www.kariout.com
@rating Opinion :
Business Activity : Kari-Out Company is a manufactuer and supplier of takeout condiments to Chinese
restaurant.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 200
NOTE TO CLIENT
Contact Person: Mr. Sean Ryan
Position: Financial Controller
Mr. Sean Ryan was not available after many attempts; thus voice messages were left and a written request was sent. If he responds the report will be amended. The information in the report was retrieved from the Company's website and outside sources and has not been confirmed with management.
Special Note: The correct legal name of the Company is
KARI-OUT CLUB LLC, and the above name was updated. Kari-out Company is a DBA for the Company.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 08/07/1998
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was organized in New York under the following registration:
Entity Name : KARI-OUT CLUB LLC
Entity Status : Current
Entity Name : KARI-OUT CLUB LLC
Initial DOS Filing Date : JULY 08, 1998
County : WESTCHESTER
Jurisdiction : NEW YORK
Entity Type : DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
KARI-OUT CLUB LLC
399 KNOLLWOOD RD
STE 309
WHITE PLAINS, NEW YORK, 10603
Registered Agent
NONE
NOTE: New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Howard Epstein President
Mr. Sean Ryan Controller
AFFILIATED ENTITIES
Outside sources failed to add any insight into any related affiliated businesses or subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be learned directly from management.
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 3 YR
BLDG MATRL 07-01 04-10 CREDIT 6400
1600 100 0 0
0 0 ACCTCLOSED
CHEMICALS
06-12 00-00 NET 30 100 100
0 0 100 0 0
EQUIPMENT
07-03 00-00 NET 30 8700 0
0 0 0 0 0
CUST 1 YR
FACTOR
07-02 07-01 NET 30 16900 0
0 0 0 0 0
CUST 2 YR
FACTOR
06-12 05-02 NET 30 0 0 0 0 0
0 0
FACTOR
07-01 00-00 NET 0 0 0 0 0
0 0 CUST 7 YR
FOOD DISTR 07-02 06-10 NET 30 15600
1400 100 0 0
0 0 CUST 7 YR
LUMBR& WOOD 07-01 06-04 VARIED 30800
0 0 0
0 0 0 CUST 3 YR
TEMP HELP
07-02 00-00 NET 7 1000 0
0 0 0 0 0
TELECOM
07-02 00-00 NET 30 4500 400
100 0 0 0
0
ELEC SUPLR 04-08 04-06 2/10N30 3400 0
0 0 0 0 0
MISC MANUF 05-03 00-00 NET 30 1600
1600 100 0 0
0 0
CURRENT QUARTER 84000
3500 99 0
1 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 19 1 2200 98
0 2 0 0
20070100
0 8 1 5500 98 1
1 0 0
20061200
0 7 5 3900 77 17
6 0 0
20061100
0 8 29 17400 55 7
14 12 12
20061000
0 7 27 18900 56 9
13 11 11
20060900
0 5 5 6000 76 20
4 0 0
Payment History -
Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 20 8900 67 7 10
8 8
Third
2006 18 11000 66 12 8
7 7
Second
2006 7 21700 66 27 7
0 0
First
2006 4 32000 79 19 2
0 0
Fourth
2005 2 22200 92 4 4
0 0
FINANCIAL INFORMATION
Outside sources failed to add any insight into the current financial situation of the Firm.
HISTORY
This news released was extracted from FORTUNE SMALL BUSINESS on Thursday, October 4, 2001 By Paul Lukas Look Back
" When you order Chinese takeout, you probably don't think much about those ubiquitous little soy sauce and mustard packets that come with your Hunan chicken and pork-fried rice. And even if you do, you'd certainly never guess that the prime mover behind those quintessentially Asian condiments is actually a guy from the Bronx. That guy is Howard Epstein, the founder of Kari-Out, the largest condiment supplier in the Chinese- restaurant biz. You may never have heard of Kari-Out, but you've undoubtedly used the company's packets. With their familiar panda bear logo and occasional maddening refusal to open cleanly, they've become part and parcel of the Chinese takeout experience."
CURRENT OPERATIONS
NAICS Code : 72231 Foodservice Contractors
SIC Code : 5812
Number of Employees: 200
Business Activity
Kari-Out Company is a manufactuer and supplier of takeout condiments to Chinese restaurant.
The Company supplies; soy sauce, duck sauce, mustard, napkins, chopsticks, and cardboard containers.
The above address is the only known heaquarters and location for the Company.
PUBLIC RECORD
A nationwide search of public and bankruptcy files revealed no under the Subject's name.
GENERAL COMMENTS
Kari-Out Company was founded in 1964, and targets the growing food service industry. The payment history is generally satisfactory, and there are no negative litigation taken against the Subject. In addition, a nationwide search of bankruptcy courts revealed no bankruptcy files.
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%)