MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ARROW SYSTEMS, INC. |
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Registered Office : |
2440 Jerauld Avenue, Niagara Falls, New York - 14305 |
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Country : |
United States |
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Date of Incorporation : |
16/10/1989 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Exporter of machinery and raw materials for the packaging printing sign
making and graphic arts industries. |
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: ARROW SYSTEMS, INC.
Address: 2440 JERAULD AVENUE
City: NIAGARA FALLS
State/Province: NEW YORK
Zip Code: 14305
Country: UNITED STATES
Telephone: 716 285-2974
Facsimile: 716 285-5087
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation - Private
Website: www.arrsys.com
Business Activity: Arrow Systems, Inc., is an exporter of
machinery and raw materials for the packaging
printing
sign making and graphic arts industries.
NOTE TO CLIENT
The person contacted within management declined to provide her name,
position and all general and financial information of the Firm. Thus, the information in this report were
retrieved from the Company's website and from outside sources. Furthermore, the
information in this report could not be confirmed.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 16/10/1989
State/Province of Incorporation: NY
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was incorporated in New York under the following
registration:
Entity Name: ARROW SYSTEMS, INC.
Entity Status: Current
Entity Name: ARROW SYSTEMS, INC.
Filing Date: OCTOBER 16, 1989
County: NIAGARA
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
Principal
Executive Office
ARROW SYSTEMS, INC.
2440 JERAULD AVE.
NIAGARA FALLS, NEW YORK, 14305-3126
Registered Agent
NONE
NOTE: New York State does not issue organizational identification
numbers.
Managers/Key
Personnel
Mr. Samir P. Patel
Chairman & Chief Executive
Officer
AFFILIATED ENTITIES
Outside sources revealed a relationship between two affiliated
companies; Arrow Systems Inc., Singapore, and Arrow Systems Inc., Australia
Arrow Systems Pte Ltd.
1093, Tiong Bahru Industrial Estate
#07-20, Lower Delta Road
Singapore 169204
Phone 65 6273 6044
Fax 65 6273 6144
Email sales@arrsys.com
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Arrow Systems Inc., Australia
Arrow Systems Australia Pty Ltd
21/36 Leighton Place
Hornsby NSW 2077
Phone 612 9476 8130
Fax 612 02 9476 8132
Email sales@arrsys.com
BANKS
HSBC BANK TRADE SERVICES
452 5TH AVENUE, 14TH FLOOR
NEW YORK NY
Telephone: 800-975-4722
Facsimile:
Account Number:
Account Manager:
The above bank policy prohibits bank references.
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 06-11 0000000 100
100 100 0 0
0 0 CUST 12 YR
AIR TRANS
06-11 00-00 NET 30 2000 500
50 45 0 0 5
COLLECTION
BUS SERVCS 07-03 00-00 NET 30 100
0 0 0
0 0 0
COMPUTERS
07-01 04-09 CREDIT 10000 0
0 0 0 0 0
DP SERVCS
07-03 06-10 0000000 0
0 0 0
0 0 0 CUST 9 YR
FREIGHT
07-03 06-12 VARIED 2000 0
0 0 0 0 0
PACKAGING
07-01 06-11 NET 30 700 0
0 0 0 0 0
CUST 11 YR
WHLSE TRAD 07-02 06-11 NET 30 1100
0 0 0
0 0 0 CUST 1 YR
FREIGHT
05-11 02-03 VARIED 1400 1400
70 30 0 0 0
GENERAL
05-02 00-11 NET 30 0 0 0 0 0
0 0 CUST 8 YR
CURRENT QUARTER 16000
600 61 35 0 0 4
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 11 9 700 63
33 0 0 4
20070200
0 11 8 700 67 30
0 0 3
20070100
0 9 7 800 69 28
0 0 3
20061200
0 8 12 1700 23 76
0 0 1
20061100
0 8 9 1800 39 61
0 0 0
20061000
0 8 0 0 0 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 10 1400 38 61 0
0 1
Third
2006 0 0 0 0 0
0 0
Second
2006 0 0 0 0 0
0 0
First
2006 3 500 83 17 0
0 0
Fourth
2005 2 1800 84 16 0
0 0
FINANCIAL INFORMATION
Management declined all financial details, and deferred a written
request.
CURRENT OPERATIONS
NAICS Code: 42183 Industrial Machinery and Equipment
Wholesalers
SIC Code: 5084
Business Activity:
Arrow Systems, Inc., is an exporter of machinery and raw materials for
the packaging printing sign making and graphic arts industries. The Company's
products and brands include; Anchor,
Cooley, Direct Color Systems Gerber Products, Hix Premier, Inkware, Rowmark,
VIP Color, Vutek.
The above address is the only known location nationwide for the Firm.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 501185045810
Filing Date: 01/18/2005
Expiration Date: 05/30/2010
Filing Type: CONTINUATION
Filing Date of Related Filing:
05/30/1995
Filing Office: SECRETARY OF STATE/UCC DIVISION
162
WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s): ARROW SYSTEMS, INC.
2440 JERAULD
AVENUE
NIAGARA FALLS,
NY 14305
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): MARINE MIDLAND
BANK
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A nationwide search of bankruptcy courts revealed no bankruptcy
petitions under the Subject's name.
GENERAL COMMENTS
Arrow Systems Inc., is an exporter of machinery and raw materials
engaged in business since 1989. The
payment history is satisfactory and there are no legal actions taken against
the Firm. In addition, there are no
bankruptcy petitions filed under the Subject's name.
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%)