MIRA
INFORM REPORT
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Report Date : |
05.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ZECRON TEXTILES
INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22/07/1983 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Provider of linen
and other related material. |
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: ZECRON
TEXTILES INC.
Address:
City:
State/Province:
Zip Code: 11201
Country: UNITED
STATES
Telephone: 718
522-9292
Facsimile: 718
522-9297
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
15
Legal Form: Corporation
- Private
Website: www.zecron.com
Business Activity: The Firm is a provider of linen and other
related material.
NOTE TO CLIENT
Person Contacted:
Mr. Jack Debehar, Vice President.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 22/07/1983
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is
incorporated in
Current Entity
Name: ZECRON TEXTILES INC.
Initial DOS Filing
Date: JULY
22, 1983
County:
Jurisdiction:
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity Address Information DOS
Process
ZECRON TEXTILES INC.
Principal Executive Office
LAURENCE E. CAPUANO
Registered
Agent: NONE
Managers/Key
Personnel
Mr. Laurence E.
Capuano President
Mr. Jack
Debehar Vice President
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries at this time.
BANKS
Sterling National
Bank
NY
Telephone: 713
466-8300
Facsimile: 713
532-6390
Account Number:
Account Manager:
Credit Department
The bank requires account
numbers and signatures which could not be obtained from management at this
time.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 06-10 0000000 500
500 100 0 0
0 0 CUST 21 YR
OFFC SUPPL 07-01 00-00 CREDIT 4100
200 100 0 0
0 0
PETROLEUM
07-03 00-00 VARIED 0 0
0 0 0
0 0 ACCTCLOSED
TELECOM
07-03 00-00 NET 30 100 100
100 0 0 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
2 YR
GENERAL
05-01 98-02 NET 30 0 0
0 0 0
0 0 CUST 14 YR
CURRENT QUARTER 4200 300
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 22 0 300 100 0
0 0 0
20070300
0 14 0 300 100 0
0 0 0
20070200
0 14 0 300 100 0
0 0 0
20070100
0 6 0 200 100 0
0 0 0
20061200
0 6 0 900 100 0
0 0 0
20061100
0 6 0 100 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 300 100
0 0
0 0
Fourth
2006 0 400 100 0
0 0 0
Third
2006 0 300 100 0
0 0 0
Second
2006 0 300 100 0
0 0 0
First
2006 0 300
100 0 0 0 0
FINANCIAL INFORMATION
Mr. Debehar declined
to provide financial statements, however stated that the Firm's annual sales
are in the US$ 1-10 million range.
CURRENT OPERATIONS
NAICS Code: 81233
Linen and Uniform Supply
Number of
Employees: 15
Business Activity:
The Firm is a
provider of linen and other related material.
The Firm offers a
variety of products to the linen rental industry. Their products include:
patient gowns, isolation gowns, adult bibs and incontinent products, baby
diapers, doctor’s towels, bed linens and blankets, bath robes, thermal
blankets, terry towels and washcloths. The Firm also carries bath and hand
towels, bath mats, sheets and pillow cases, napkins, table cloths, bar mops,
aprons, and auto detailing towels.
The heading address
is the Firm's sole location and consists of 8,000 square feet of leased office
space and warehouse facilities.
PUBLIC RECORD
Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES, INC.
Secured Parties:
STERLING NATIONAL BANK
Filing Date:
4/27/2005
Filing Number:
0504275362538
Filing Type: INITIAL
FILING
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Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES, INC.
Secured Parties: THE
DIME SAVINGS BANK OF
Filing Date:
12/28/2001
Filing Number:
01256244
Filing Type: INITIAL
FILING
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Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES INC
ZECRON TEXTILES INC.
ZECRON TEXTILES INC.
Secured Parties:
ANCHOR SAVINGS BANK, FSB THE DIME SAVINGS BANK OF
THE DIME SAV
Filing Date:
6/16/2004
Filing Number: 0406165494310
Filing Type:
CONTINUATION
Original Filing
Number: 89267107
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Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES INC
ZECRON TEXTILES,
INC.
Secured Parties:
ANCHOR SAVINGS BANK FSB THE DIME SAVINGS BANK OF
Filing Date:
8/19/2004
Filing Number:
0408195703098
Filing Type:
CONTINUATION
Original Filing
Number: 90020110
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Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES INC.
Secured Parties: THE
DIME SAVINGS BANK OF
Filing Date:
8/23/2004
Filing Number:
0408235707728
Filing Type:
CONTINUATION
Original Filing
Number: 00036180
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Name Searched:
ZECRON TEXTILES INC.
Debtor Address:
ZECRON TEXTILES, INC.
Secured Parties: THE
DIME SAVINGS BANK OF
Filing Date:
1/14/2002
Filing Number:
02010264
Filing Type:
CONTINUATION
Original Filing
Number: 87128687
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No judgements, tax
liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well
established provider of linen and other related material. The payment record is
satisfactory. No judgements, tax liens or bankruptcy petitions were traced to
the Firm. The Firm is considered responsible for normal trade relations.
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%)