MIRA INFORM REPORT

 

 

Report Date :

12.05.2007

 

IDENTIFICATION DETAILS

 

Name :

TELEMETRICS, INC.

 

 

Registered Office :

6 Leighton Place, Mahwah, New Jersey - 07430                       

 

 

Country :

United States                

 

 

Date of Incorporation :

20/12/1973

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Developer of camera control, camera robotics and distance learning systems for a wide range of broadcast, educational, industrial and military applications.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            TELEMETRICS, INC.

Address:                       6 LEIGHTON PLACE

City:                             MAHWAH

State/Province:              NEW JERSEY                          

Zip Code:                      07430                       

Country:                                    UNITED STATES               

Telephone:                    201 848-9818                

Facsimile:                     201 848-9819

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:                   Corporation - Private

Website:                       www.telemetricsinc.com

Business Activity:          The Subject is a developer of camera control, camera robotics and distance learning

                                    systems for a wide range of broadcast, educational, industrial and military applications.

 

 

NOTE TO CLIENT

 

Attempts were made to contact the Company, however we were unable to reach management. There has been no response to several messages, or a faxed information request left for the Subject.

---

Number of employees could not be determined.

 

 

LEGAL

 

Legal Form:                               Corporation - Private 

Since (D/M/Y):                           20/12/1973

State/Province of Incorporation:   NJ

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

Business Name: TELEMETRICS, INC.

Business ID Number: 8805887000

Business Type: DOMESTIC PROFIT CORPORATION

Status: ACTIVE

Filing Date: 12/20/1973

Home Jurisdiction: NJ

Stock Amount: 99999999999

Annual Report Month: 12

Last Annual Report Filed: 10/03/2006

For Last Annual Report Paid Year: 2006

Incorporator: X

Agent: ANTHONY CUOMO

Agent Address: 6 LEIGHTON PLACE

MAHWAH, NJ  07430 - 0000

Office Address Status: Deliverable

Main Business Address: 6 LEIGHTON PLACE

MAHWAH, NJ  07430- 3198

Principal Business Address: 6 LEIGHTON PLACE

MAHWAH, NJ  07430- 3198

 

 

Managers/Key Personnel

 

MR. ANTHONY CUOMO                        President

MS. CLARA CUOMO                             Treasurer

 

 

AFFILIATED ENTITIES

 

There are no known affiliates.

 

 

BANKS

 

NJ

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Bank details could not be learned directly from management.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 BLDG MATRL 07-01 00-00 CREDIT  5000     0        0   0   0   0   0

 COMPUTERS  07-01 00-00 CREDIT  25000    0        0   0   0   0   0

 

 DP EQUIP   07-03 00-00 NET 30  300      0        0   0   0   0   0

 FINCL SVCS 07-04 07-03 CONTRCT 0        0        0   0   0   0   0

 FREIGHT    07-04 07-03 VARIED  17500    1700     100 0   0   0   0

 FREIGHT    07-04 07-01 VARIED  300      100      100 0   0   0   0

 HEARING    07-04 07-01 0000000 100      0        0   0   0   0   0   CUST  1 YR

 INDUS SUPL 07-04 00-00 0000000 100      100      0   0   0   0   100 CUST  2 YR

 OFFC SUPPL 07-01 00-03 CREDIT  15000    0        0   0   0   0   0

 PACKAGING  07-04 00-00 NET 30  1900     1900     100 0   0   0   0   CUST  1 YR

 PAPER PROD 07-04 00-00 NET 30  0        0        0   0   0   0   0

 AIR TRANS  06-08 00-00 0000000 700      500      100 0   0   0   0   CUST 25 YR

 AIR TRANS  06-11 00-00 NET 30  600      0        0   0   0   0   0   CUST  8 YR

 BUS SERVCS 06-05 06-05 NET 30  0        0        0   0   0   0   0

 COMPUTERS  06-06 05-06 0000000 0        0        0   0   0   0   0

 ELEC PARTS 06-06 06-01 NET 30  100      0        0   0   0   0   0   CUST 16 YR

 FACTOR     05-12 00-00 NET 30  700      700      100 0   0   0   0

 GENERAL    05-02 03-07 NET 30  200      200      0   100 0   0   0   CUST  9 YR

 LEASING    06-03 00-00 CONTRCT 2100     0        0   0   0   0   0   CUST  1 YR

 OFFC SUPPL 05-04 05-04 NET 30  200      200      100 0   0   0   0   CUST 10 YR

 PACKAGING  04-06 96-06 NET 30  0        0        0   0   0   0   0

 CURRENT QUARTER                65200    3800     98  0   0   0   2

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20070400  0      9         5            1400     95  0   0   0   5

 20070300  0      11        5            1400     95  0   0   0   5

 20070200  0      10        6            1300     94  0   0   0   6

 20070100  0      8         9            2100     63  33  0   0   4

 20061200  0      7         7            1900     80  16  0   0   4

 20061100  0      7         16           1500     21  74  0   0   5

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 First    2007              7            1100     93  0   0   0   7

 Fourth   2006              10           1800     58  38  0   0   4

 Third    2006              10           1700     56  40  0   0   4

 Second   2006              6            3100     74  24  0   0   2

 First    2006              0            0        0   0   0   0   0

 

 

FINANCIAL INFORMATION

 

Financial details were not immediately available.

 

 

CURRENT OPERATIONS

 

NAICS Code:   5415      Computer Systems Design and Related Services

NAICS Code:   54133    Engineering Services

 

Business Activity:

The Subject is a developer of camera control, camera robotics and distance learning systems for a wide range of broadcast, educational, industrial and military applications.

 

There are no known branch locations.

 

 

PUBLIC RECORD

 

We found no evidence of bankruptcy filed in the Subject's name.

 

Debtor Address: TELEMETRICS INC

Secured Parties: CANON USA INC

Filing Date: 5/9/2006

Filing Number: 1048271

Filing Type: CONTINUATION

Original Filing Number: 1048271

Debtor Address: TELEMETRICS INC

6 LEIGHTON PL

MAHWAH, NJ 07430

Secured Parties: CANON USA INC.

Filing Date: 6/11/2001

Filing Number: 1048271

Filing Type: CONTINUATION

Original Filing Number: 1048271

Debtor Address: TELEMETRICS, INC.

6 LEIGHTON PLACE

MAHWAH, NJ 07430

Secured Parties: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.

Filing Date: 6/5/2001

Filing Number: 1704627

Filing Type: CONTINUATION

Original Filing Number: 1704627

 

 

GENERAL COMMENTS

 

The Subject was registered in 1973. The payment history of the Company is satisfactory and operating record clear. No derogatory information was reported or noted. The Company is considered responsible for normal business transactions.

 

 

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions