MIRA
INFORM REPORT
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Report Date : |
23.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAC INTERNATIONAL
STEEL, INC. |
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Registered Office : |
6130 South Avalon
Boulevard, Los Angeles, California 90003 |
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Country : |
United States |
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Date of Incorporation : |
10/04/1998 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Distributes prime, excess prime, and secondary flat metal rolled
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : SAC INTERNATIONAL STEEL, INC.
Address : 6130 SOUTH AVALON
BOULEVARD
City : LOS ANGELES
State/Province : CALIFORNIA
Zip Code : 90003
Country : UNITED STATES
Telephone : 323 232-2467
Facsimile : 323 232-3847
As of : 31/12/2005
Sales / Revenue : 13,000,000
Net Income : --
Total Equity : --
Number of Employees : 8
Legal Form : Corporation - Private
Website : www.sacintl.com
Business Activity : The Company distributes prime,
excess prime, and secondary flat metal rolled products.
NOTE TO CLIENT
Contact person: Mr.
Richard Komala, Controller.
Mr. Komala provided the
information for this report.
LEGAL
Legal Form : Corporation -
Private
Since (D/M/Y) : 10/04/1998
State/Province of
Incorporation : CA
Status : ACTIVE
Previous Legal Form :
Company is NOT required to
publish an annual financial report.
The Company is
incorporated in the state of California.
SAC INTERNATIONAL STEEL,
INC.
Number: C2084425
Date Filed: 4/10/1998
Status: active
Jurisdiction: California
Address: 6130 S AVALON
BLVD
LOS ANGELES, CA 90003
Agent for Service of
Process
SHAUKAJ ALI CHOHAN
6130 S AVALON BLVD
LOS ANGELES, CA 90003
Managers/Key
Personnel
Mr. Shaukaj Ali
Chohan President
Mr. Omar Chohan Vice President
Mr. Richard Komala Controller
AFFILIATED ENTITIES
The Company has the
following affiliated company:
Sac International
Traders, Inc.
BANKS
Bank of America
6400 S Avalon Blvd
Los Angeles CA 90003
Telephone: 323 789-2889
Facsimile: 323 789-2897
Account Number:
Account Manager:
We have sent a fax to the
bank. The report will be updated when
we receive a response.
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 100 100 100 0 0 0 0 CUST 12 YR
AIR TRANS 06-11 00-00 NET 30 300 300 29 0 0 0 71 COLLECTION
BANK 07-02 07-01 CONTRCT 100000 100000 100 0 0 0 0 CUST 3 YR
FACTOR 06-11 06-11 NET 30 34300 12200 23 77 0 0 0
FACTOR 07-03 01-05 VARIED 0 0 0 0 0 0 0
FRGHT FWRD 07-02 06-07 NET 30 200 0 0 0 0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 1400 0 0 0 0 0 0
PACKAGING 07-01 00-00 NET 30 0 0 0 0 0 0 0 CUST 1 YR
BANK 06-01 05-12 CONTRCT 106000 0 0 0 0 0 0
FACTOR 05-09 00-00 NET 30 11100 4600 0 0 53 47 0
FACTOR 05-11 99-12 VARIED 0 0 0 0 0 0 0
GENERAL 05-05 05-04 VARIED 400000 349100 88 12 0 0 0 30 DYS SLO
GENERAL 05-02 03-10 NET 30 0 0 0 0 0 0 0 CUST 5 YR
MATRL HNDL 04-07 00-00 NET 30 0 0 0 0 0 0 0 CUST 5 YR
SERVICES 05-08 05-07 VARIED 82900 74400 56 27 17 0 0
UTILITY 05-09 00-00 NET 30 1200 1200 90 10 0 0 0 CUST 13 YR
CURRENT QUARTER 136300 112600 96 4 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20070300 0 9 1 112600 96 4 0 0 0
20070200 0 9 1 112600 96 4 0 0 0
20070100 0 6 1 112600 96 4 0 0 0
20061200 0 6 1 112600 96 4 0 0 0
20061100 0 6 0 0 0 0 0 0 0
20061000 0 5 19 23500 32 39 29 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth 2006 0 0 0 0 0 0 0
Third 2006 19 23400 32 39 29 0 0
Second 2006 24 26400 27 29 44 0 0
First 2006 18 32300 40 31 29 0 0
Fourth 2005 14 23000 46 34 20 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Projected Consolidated
Sales / Revenues 13,000,000 13,000,000 -
Mr. Komala declined to
provide the Company's financials. He stated the net sales for fiscal year end 2005 was in the USD 13 Million range; and the projected 2006 fiscal year end is
the same.
CURRENT OPERATIONS
NAICS Code: 4215
Metal and Mineral (except Petroleum) Wholesalers
Number of Employees: 8
Business Activity:
The Company distributes
prime, excess prime, and secondary flat metal rolled products. Products
distributed by the Subject includes hot rolled, colled rolled, coated metals,
tin mill and other related products.
The heading address is
the headquarters location.
The Company uses
independent warehouse facilities around the country.
PUBLIC RECORD
No derogatory legal
action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy
courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Company distributes
prime, excess, and secondary metal products. Payment history indicates satisfactory payment trends. Legal indicate
no negative litigation taken against
the Subject. The Company is considered to be
responsible for normal business transactions.
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%)