MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION DETAILS
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Name : |
PACIFIC VALLEY
FOODS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25/09/1975 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in the
export of fruit, vegetables, and various agricultural 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: PACIFIC
VALLEY FOODS, INC.
Address:
City:
State/Province:
Zip Code: 98005
Country: UNITED
STATES
Telephone: 425
643-1805
Facsimile: 425
747-4221
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of
Employees: 8
Legal Form: Corporation
- Private
Website: www.pacificvalleyfoods.co
Business Activity: The Subject is engaged in the export of
fruit, vegetables, and various agricultural
products.
NOTE TO CLIENT
Contacted person:
Ms. Penny Booth, Office Manager.
Ms. Booth confirmed
all information in this report.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 25/09/1975
State/Province of
Incorporation: WA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
PACIFIC VALLEY
FOODS, INC.
UBI Number 600213552
Category Regular
Corporation
Profit/Nonprofit
Profit
Active/Inactive
Active
Date of
Incorporation 09/25/1975
License Expiration
Date 09/30/2007
Registered Agent Information
SCOTT C HANNAH
Managers/Key
Personnel
Mr. Scott C.
Hannah Chief Executive Officer
Ms. Lynn Hannah President
AFFILIATED ENTITIES
The Subject does not
have any affiliated companies.
BANKS
Bank of
WA
Telephone:
Facsimile:
Account Number:
Account Manager:
A reference could
not be obtained as management declined to provide the firm's account number.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-04 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
AIR TRANS
06-12 06-12 0000000 900
700 100 0 0
0 0 CUST 24 YR
COMPUTERS
07-04 00-00 0000000 5300
100 100 0 0
0 0 CUST
3 YR
COMPUTERS
07-01 04-10 CREDIT 20000 0
0 0 0
0 0
FINCL SVCS 07-04 07-04 CONTRCT 42200 15000
100 0 0 0
0 CUST 4 YR
FINCL SVCS 07-04 07-03 NET 30 500
200 100 0 0
0 0
FOOD
07-01 06-12 VARIED 117100 7400
100 0 0 0 0
FOOD
07-04 00-00 NET 21 0 0
0 0 0
0 0
NEWSPAPERS 07-04 06-04 VARIED 800
0 0
0 0 0 0
RETL TRADE 07-04 00-00 VARIED 100
100 0 100 0
0 0
TRANSPORTN 07-04 00-00 NET 20 0
0 0 0
0 0 0
CUST 14 YR
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST 11 YR
CRED CARD
07-03 07-03 N30PRXO 1000
400 100 0 0 0 0
CUST 19 YR
FOOD DISTR 06-01 00-00 NET 15 38500
38500 100 0 0
0 0
LEASING
05-05 00-00 CONTRCT 2900
0 0
0 0 0 0
LUMBR& WOOD 04-09 04-06 VARIED 10800
0 0 0
0 0 0
CUST 2 YR
CURRENT QUARTER 186900 23500
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 9 0 29800 100 0
0 0 0
20070300
0 8 0 30600 100
0 0
0 0
20070200
0 9 0 26100 100 0
0 0 0
20070100
0 6 0 18600 100 0
0 0 0
20061200
0 5 0 19500 100 0
0 0 0
20061100
0 4 0
21300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 25400 100 0
0 0 0
Fourth
2006 0 21400 100 0
0 0 0
Third
2006 0 27600 100 0
0 0 0
Second
2006 0
27000 100 0 0 0 0
First
2006 1 30200 95
5 0 0 0
FINANCIAL INFORMATION
The Company would
not disclose any financial information when contacted citing confidentiality.
Other outside
sources could not provide any further insight into the financial condition of
this firm.
CURRENT OPERATIONS
NAICS Code: 42248
Fresh Fruit and Vegetable Wholesalers
SIC Code: 5148
Number of
Employees: 8
Business Activity:
The Subject is
engaged in the export of fruit, vegetables, and various agricultural products.
The Subject exports
world wide.
The heading address
is the headquarters location.
The Company has two
representative offices in
Mr. Tony Wang
8H,
Shanghai 200120,
Ph: +86 (21)
5888-7101
Fax: +86 (21)
5888-7103
Mr. Shizuo Nakagawa
Tomizen Bldg, 8F
2-11-4
Ph: + 81 (03)
3248-1006
Fax: +81 (03)
3248-1008
PUBLIC RECORD
We found the
following Uniform Commercial Codes filed with the Washington Secretary of
State's office.
Name Searched:
PACIFIC VALLEY FOODS INC.
Debtor Address:
PACIFIC VALLEY FOODS, INC.
Secured Parties:
U.S. BANK, N.A. (ASSIGNEE) INTERWEST LEASING, INC.
Filing Date:
4/11/2001
Filing Number:
20011010374
Filing Type:
ASSIGNMENT
Original Filing
Number: 20011010374
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Name Searched:
PACIFIC VALLEY FOODS INC.
Debtor Address:
PACIFIC VALLEY FOODS, INC.
Secured Parties:
U.S. BANK, N.A. (ASSIGNEE) INTERWEST LEASING, INC.
Filing Date:
4/11/2001
Filing Number:
20011010374
Filing Type: INITIAL
FILING
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Name Searched:
PACIFIC VALLEY FOODS INC.
Debtor Address:
PACIFIC VALLEY FOODS, INC
Secured Parties:
WEST ONE BANK
(ASSIGNEE) RAINIER NATIONAL
BANK RAINIER NATL BANK SECURITY PACIFIC BANK
Filing Date:
12/22/2000
Filing Number:
20003570105
Filing Type:
AMENDMENT
Original Filing
Number: 861640339
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Name Searched:
PACIFIC VALLEY FOODS INC.
Debtor Address:
PACIFIC VALLEY FOODS, INC.
Secured Parties:
U.S. BANK, N.A. FPC FUNDING II LLC (ASSIGNEE) INTERWEST
LEASING, INC.
Filing Date:
11/6/2001
Filing Number:
200133753532
Filing Type:
ASSIGNMENT
Original Filing
Number: 20011010374
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Name Searched:
PACIFIC VALLEY FOODS INC.
Debtor Address:
PACIFIC VALLEY FOODS, INC
Secured Parties:
WEST ONE BANK
(ASSIGNEE) RAINIER NATIONAL
BANK RAINIER NATL BANK SECURITY PACIFIC BANK
Filing Date:
12/22/2000
Filing Number:
20003570105
Filing Type:
CONTINUATION
Original Filing
Number: 861640339
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
PACIFIC VALLEY
FOODS, INC. is engaged in the export of fruit, vegetables, and various
agricultural products. The Subject's payment history is reported to be
satisfactory. The Company provided operating details but declined to provide
financial information. We know the Company to be of good legal standing and are
considered 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%)