MIRA
INFORM REPORT
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Report Date : |
10th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
BERJE, INCORPORATED |
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Registered Office : |
5 Lawrence Street Suite 10, Bloomfield, New Jersey 07003, United States |
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Country : |
United States |
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Date of Incorporation : |
04.04.1950 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Blends and wholesales flavor and fragrance materials such as
citronella oil and orange oil for nutritional, medical and toilet
preparations. |
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
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Company Name |
BERJE, INCORPORATED |
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Address |
5 Lawrence Street Suite 10 |
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City |
BLOOMFIELD |
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State/Province |
NEW JERSEY |
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Zip Code |
07003 |
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Country |
UNITED STATES |
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Telephone |
973 748-8980 |
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Facsimile |
973 680-9618 |
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Legal Form |
Corporation - Private |
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Website |
www.berjeinc.com |
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@rating Opinion |
-- |
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Business Activity |
Berje, Incorporated, blends and wholesales flavor and fragrance materials such as citronella oil and orange oil for nutritional, medical and toilet preparations. |
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Founded (D/M/Y) |
01/01/1949 |
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In KUSD As of |
31/12/2002 |
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Sales / Revenue |
52,800 |
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Net Income |
-- |
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Total Equity |
-- |
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Number of Employees |
70 |
NOTE TO CLIENT
Contact Person: Mr. James Malone
Position: Senior Vice President
Attempts to reach Mr. James Malone were unsuccessfull, 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.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 04/04/1950
State/Province of Incorporation : NJ
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Managers/Key Personnel
Mr. Kim Bleimann Chairman Of The Board Of Directors
Mr. James Malone Senior Vice President
AFFILIATED ENTITIES
Outside sources failed to add any insight into any related affiliated businesses or subsidiaries.
BANKS
PNC BANK
EAST BRUNSWICK NJ
Telephone: 888-287-2654
Facsimile:
Account Number:
Account Manager:
Bank policy prohibits releasing any information on its commercial accounts.
Bank of America
BOSTON MA
Telephone : 803-765-4882
Facsimile : 415-343-9315
Account Number :
Account Manager : Credit Inquiry Services
The bank requires an account number which could not be obtained 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 0000000 1000
400 100 0 0
0 0 CUST 19 YR
AIR TRANS
06-11 00-00 NET 30 0 0 0 0
0 0 0 CUST 16 YR
BLDG MATRL 07-01 00-00 CREDIT 11500
0 0 0
0 0 0
CELLUL/PAG 07-01 06-12 NET 30 800
0 0 0
0 0 0 CUST 6 YR
FACTOR
07-01 00-00 NET 30 3700 3700
100 0 0 0
0
FINCL SVCS 07-01 01-06 NET30 0
0 0 0
0 0 0
OFFC SUPPL 07-02 07-01 NET 300
0 0 0
0 0 0 CUST 1 YR
OFFC SUPPL 07-01 99-06 CREDIT 5200
0 0 0
0 0 0
TELECOM
06-11 00-00 NET 30 3300 3300
100 0 0 0
0
COMPUTERS
06-06 06-05 0000000 44800
44800 0 94
6 0 0
LEASING
05-01 05-01 NOTE 5600 4100
100 0 0 0
0
LEASING
07-02 00-00 CONTRCT 2600
1200 100 0 0
0 0 CUST 1 YR
OFFC SUPPL 05-02 98-04 CREDIT 0
0 0 0
0 0 0 CUST 11 YR
PRNTG& PUBL 04-12 00-00 NET 30 900
500 0 0
100 0 0
TEMP HELP
05-03 05-03 ROI 6400 6400
11 76 13 0 0
TELECOM
06-05 06-04 NET EOM 700 100
100 0 0 0
0 CUST 10 YR
CURRENT QUARTER 25800
7400 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 5 0 7400 100
0 0
0 0
20070100
0 4 0 7400 100
0 0
0 0
20061200
0 4 0 3700 100 0
0 0 0
20061100
0 3 0 3600 100
0 0
0 0
20061000
0 5 0 400 100
0 0
0 0
20060900
0 7 0 800 99 1
0 0 0
Payment History - Quarterly
Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 0 3700 100
0 0
0 0
Third
2006 0 700 100 0 0 0
0
Second
2006 0 700 99 1 0
0 0
First
2006 0 700 99 1 0
0 0
Fourth
2005 0 500 100 0 0 0
0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2003 31/12/2002 31/12/2001
Projected Consolidated Consolidated
Sales / Revenues 52,800 52,800 48,000
CURRENT OPERATIONS
NAICS Code : 42269 Other Chemical and Allied Products Wholesalers
SIC Code : 5169
Number of Employees: 70
Business Activity
Berje, Incorporated, blends and wholesales flavor and fragrance materials such as citronella oil and orange oil for nutritional, medical and toilet preparations. Approximately 30% of its sales are derived from exports.
The headquarters, also a warehouse, is at the above-noted address, which operates on a leased 160,000 square feet facility. In addition, the Company has 2 sales locations in California and Georgia.
PUBLIC RECORD
Name Searched : BERJE, INCORPORATED
Amount : $ 6,550
Case Type : CONTRC-REG
Date : 8/3/2000
Defendant : MOELLER KATO-NICKSTADT
Filing Type : CIVIL SUIT
Number : DC-010120-2000
Plaintiff Counsel : EISBROUCH ANTONIEWIC Z & MARSH
LICENSE NO : 2013425545
Plaintiff : BERJE INC
Status : OPEN
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Name Searched : BERJE, INCORPORATED
Amount : $ 38,633.78
Case Type : COMRCL TRN
Creditor : BERJE INC
Date : 5/3/2005
Debtor Address : INTERPOD S.A.
AVDA CORDOBA 1351 6 PISO 1372 BUENOS ARIES ARGENTINA
Debtors : INTERPOD S.A.
Filing Type : JUDGMENT
Number : J-111381-2005
Status : OPEN
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Name Searched : BERJE, INCORPORATED
Case Type : COMRCL TRN
Date : 10/8/2002
Defendant : INTERPOD SA
Filing Type : CIVIL SUIT
Number : L 010058 02
Plaintiff Counsel : BUCHANAN INGERSOLL
LICENSE NO : 6099876800
Plaintiff : BERJE INC
Status : OPEN
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Name Searched : BERJE, INCORPORATED
Debtor Address : BERJE INC.
5 LAWRENCE STREET, BLOOMFIELD, NJ 07003
Secured Parties : HYSTER CREDIT COMPANY
Filing Date : 9/25/2000
Filing Number : 1999309
Filing Type : INITIAL FILING
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Name Searched : BERJE, INCORPORATED
Debtor Address : BERJE, INCORPORATED
5 LAWRENCE STREET, BLOOMFIELD, NJ 07003
Secured Parties : SUMMIT BANK F/K/A UNITED JERSEY BANK INTERNATIONAL DEPARTMENT
Filing Date : 8/23/2001
Filing Number : 2061235
Filing Type : INITIAL FILING
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Name Searched : BERJE, INCORPORATED
Debtor Address : BERJE INC
5 LAWRENCE STREET, BLOOMFIELD, NJ 07003
Secured Parties : CIT TECHNOLOGY FINANCING SERVICES INC
Filing Date : 10/25/2000
Filing Number : 2005746
Filing Type : INITIAL FILING
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Name Searched : BERJE, INCORPORATED
Debtor Address : BERJE, INCORPORATED
5 LAWRENCE STREET, BLOOMFIELD, NJ 07003
Secured Parties : FLEET NATIONAL BANK, SUCCESSOR BY MERGER TO Bank of America
Filing Date : 7/23/2001
Filing Number : 1416189
Filing Type : CONTINUATION
Original Filing Number : 1416189
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A nationwide search of bankruptcy filed revealed no bankruptcy petition under the Subject's name.
GENERAL COMMENTS
Berj, Incorporated, has over fifty years of experience supplying the Flavor, Fragrance, Pharmaceutical and Allied trades. The payment history is generally satisfactory; moreover, and there are five 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%)