MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BLISPAK INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10/12/1987 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in
packaging and labeling services for the pharmaceutical and healthcare
industry. |
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: BLISPAK
INC.
Address:
City: WHIPPANY
State/Province: NEW
Zip Code: 07981
Country: UNITED
STATES
Telephone: 973-884-4141
Facsimile: 973-884-4162
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
48
Legal Form: Corporation
- Private
Website: www.blispakinc.com
Business Activity: Pharmaceutical contract packaging
company engaged in packaging and labeling services
for the
pharmaceutical and healthcare industry.
NOTE TO CLIENT
Ms. Walsa Mammen,
Accounting Manager, declined to provide information regarding the Company. As
such, general information contained in this report cannot be substantiated.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 10/12/1987
State/Province of
Incorporation: NJ
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
NEW
BLISPAK INC
FILING INFORMATION
Filing Date:
12/10/1987
State of
Date Incorporated:
12/10/1987
Corporation Type:
PROFIT
Business Type:
CORPORATION
Address Type:
BUSINESS
Where Filed:
SECRETARY OF STATE
CN 300
Managers/Key
Personnel
Ms. Walsa
Mammen Accounts Manager
Mr. James Horan President
AFFILIATED ENTITIES
The Company's
website reports no affiliates or subsidiaries.
BANKS
NJ
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to
provide any bank information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 500
500 100 0 0
0 0 CUST 10 YR
COMPUTERS
07-01 04-02 CREDIT 20000 0
0 0 0
0 0
FREIGHT
07-04 05-09 VARIED 300 0
0 0 0
0 0
FREIGHT
07-04 00-00 VARIED 2400 500
0 100 0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 3500
400 100 0 0
0 0
PACKAGING
07-04 06-11 NET 30 200 100
100 0 0 0
0 CUST 5 YR
AIR TRANS
06-11 00-00 NET 30 0 0
0 0
0 0 0
CUST 5 YR
GENERAL
04-05 96-07 NET 30 0 0
0 0 0
0 0 CUST
8 YR
LEASING
07-03 00-00 CONTRCT 100
0 0 0
0 0 0
OFFC SUPPL 05-11 03-01 CREDIT 0
0 0 0
0 0 0
CUST 4 YR
PACKAGING
06-01 00-10 NET 30 0 0
0 0 0
0 0
CURRENT QUARTER 26900 1500
66 34 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT
$ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 6 0 1400 100 0
0 0 0
20070300
0 7 0 400 100 0
0 0 0
20070200
0 6
0 400 100 0
0 0 0
20070100
0 6 0 200 100 0
0 0 0
20061200
0 5 0 100 100 0
0 0 0
20061100
0 5 0 300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 700 100 0
0 0 0
Fourth
2006 0 200 100 0
0 0 0
Third
2006 1 500 94
6 0 0 0
Second
2006 0 0 0
0 0 0 0
First
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Management declined
to provide any financial information. An outside source indicates an annual
sales figure of US$2.5 million.
CURRENT OPERATIONS
NAICS Code: 56191
Packaging and Labeling Services
SIC Code: 7389
Number of
Employees: 48
Business Activity:
Pharmaceutical
contract packaging company engaged in packaging and labeling services for the pharmaceutical
and healthcare industry. The
headquarters are at the above-noted address. The Company's website reports no
branch locations or divisions.
PUBLIC RECORD
The following
Uniform Commercial Codes were filed by the Company:
Name Searched: BLISPAK
INC.
Debtor Address:
BLISPAK, INC.
Secured Parties:
BANK OF
Filing Date:
2/1/2002
Filing Number:
2071223
Filing Type:
TERMINATION
Original Filing
Number: 2071223
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Name Searched:
BLISPAK INC.
Debtor Address:
BLISPAK INC
Secured Parties:
BANK OF
Filing Date: 10/26/2001
Filing Number:
2071223
Filing Type: INITIAL
FILING
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Name Searched:
BLISPAK INC.
Debtor Address:
BLISPAK ACQUISITION CORPORATION
Secured Parties:
BLISPAK INC.
Filing Date:
6/8/2006
Filing Number:
23745865
Filing Type: INITIAL
FILING
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No bankruptcy
petition was filed by the Subject.
GENERAL COMMENTS
A well-established
Company, the Subject operates as a pharmaceutical contract packaging company
which is engaged in packaging and labeling services for the pharmaceutical and
healthcare industry. Payment are considered to be generally satisfactory and a
search of public records and bankruptcy courts returned no derogatory
information or record of the Company filing a bankruptcy petition.
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%)