MIRA
INFORM REPORT
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Report Date : |
04.10.2007 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL
COMMODITIES (TEA) TRADING INC. |
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Registered Office : |
141 Parkway Rd Ste
20, |
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Country : |
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Date of Incorporation : |
10/12/1990 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in
importing, exporting various types of tea. |
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: UNIVERSAL
COMMODITIES (TEA) TRADING INC.
Address: 141
PARKWAY RD STE 20
City: BRONXVILLE
State/Province:
Zip Code: 10708
Country: UNITED
STATES
Telephone: 914
779-5700
Facsimile: 914
779-5742
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
7
Legal Form: Corporation
- Private
Website: www.uctt.com
Business Activity: The company is engaged in importing,
exporting various types of tea.
NOTE TO CLIENT
NOTE REGARDING NAME:
UNIVERSAL COMMODITIES TEA TRADING INC. THE LEGAL NAME IS UNIVERSAL COMMODITIES
(TEA) TRADING INC.
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Person Contacted:
Ms. Phylis Addel who declined to furnish her position with the company.
Ms. Addel would not
confirm the CEO as Domenick Ciaccia and declined other officer names.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 10/12/1990
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
UNIVERSAL
COMMODITIES (TEA) TRADING, INC.
Initial DOS Filing
Date: DECEMBER 10, 1990
County:
Jurisdiction:
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)
UNIVERSAL
COMMODITIES (TEA) TRADING, INC.
2 BROADWAY
29TH FL
Principal Executive Office
UNIVERSAL
COMMODITIES (TEA) TRADING, INC.
2 BROADWAY
29TH FL
Registered Agent
NONE
Managers/Key
Personnel
Mr. Domenick
Ciaccia Chief Executive
Officer
AFFILIATED ENTITIES
There are no known
subsidiaries, divisions or affiliated companies.
BANKS
Brown Brothers
Harriman & Co
59 Wall st.
Telephone:
212-483-1818
Facsimile:
Account Number:
Account Manager:
The bank declined to
provide any account information without an account and signed authorization from
the Subject which could not be obtained.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- -------- --------
--- --- --- --- --- --------
AIR TRANS
07-06 00-00 0000000 900
900 100 0 0
0 0 CUST 16 YR
OFFC SUPPL 07-07 07-06 NET 30 1400
200 100 0 0
0 0 CUST 16 YR
AIR TRANS
06-11 00-00 NET 30 200 0
0 0 0
0 0 CUST 6
YR
CURRENT QUARTER 2300 1100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070900
0 6 0 1100 100 0
0 0 0
20070800
0 5 0 1100 100 0
0 0 0
20070700
0 5 0 1000 100 0
0 0 0
20070600
0 6 0 1100 100 0
0 0 0
20070500
0 5 0 400 100 0
0 0 0
20070400
0 8 0 400 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 800 100 0
0 0 0
First
2007 0 700 100 0
0 0 0
Fourth
2006 0 900 100 0
0 0 0
Third
2006 0 500 100 0
0 0 0
Second
2006 0 300
100 0 0 0 0
FINANCIAL
INFORMATION
Management declined
all financial details via telephone, but accepted a written inquiry. If a
response is received the report will be amended immediately. Outside sources
consulted failed to add any insight into the financial condition of the Firm.
HISTORY
The Company did not
provide any information pertaining to its history or the background of its
officers.
CURRENT OPERATIONS
NAICS Code: 339
Miscellaneous Manufacturing
Number of Employees
: 7
Business Activity:
The company is is
engaged in importing, exporting various types of tea. The subject company also appears to sell tea
to all of the major tea packers within the
The above address is
the headquarters for the Firm which consists of leased office space.
TRADE REFERENCES
Supplier references
could not be obtained.
PUBLIC RECORD
There were 20
various Universal Commercial Codes filed naming the Company. The most recent
were selected for review.
UNIFORM COMMERCIAL
CODE REPORT
Information Current
Through: 00-00-0000
Database Updated:
04-07-2006
Update Frequency:
Weekly
Current Date:
10/03/2007
Source: GA SECRETARY OF STATE
FILING INFORMATION
Filing Number: 2500000160
Filing Date: 01/06/2000
Filing Type: ORIGINAL
Filing Office:
DEBTOR INFORMATION
Debtor(s): UNIVERSAL COMMODITIES (TEA) TRADING, INC.
141 PARKWAY ROAD
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UNIFORM COMMERCIAL
CODE REPORT
Information Current
Through: 08-20-2007
Database Updated:
10-02-2007
Update Frequency:
Weekly
Current Date:
10/03/2007
Source: NY SECRETARY OF STATE
FILING INFORMATION
Filing Number: 1172129
Filing Date: 09/10/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): UNIVERSAL COMMODITIES (TEA) TRADING, INC.
141 PARKWAY ROAD,
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UNIFORM COMMERCIAL
CODE REPORT
Information Current
Through: 08-20-2007
Database Updated:
10-02-2007
Update Frequency:
Weekly
Current Date:
10/03/2007
Source: NY SECRETARY OF STATE
FILING INFORMATION
Filing Number: 403190282998
Filing Date: 03/19/2004
Expiration
Date: 08/31/2009
Filing Type: CONTINUATION
Filing Date of
Related Filing: 08/31/1994
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): UNIVERSAL COMMODITIES (TEA) TRADING, INC.
141 PARKWAY ROAD,
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UNIFORM COMMERCIAL
CODE REPORT
Information Current
Through: 08-20-2007
Database Updated:
10-02-2007
Update Frequency:
Weekly
Current Date:
10/03/2007
Source: NY SECRETARY OF STATE
FILING INFORMATION
Filing Number: 603135241975
Filing Date: 03/13/2006
Expiration
Date: 09/10/2011
Filing Type: CONTINUATION
Filing Date of
Related Filing: 09/10/2001
Filing Office: SECRETARY OF STATE/UCC DIVISION
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UNIFORM COMMERCIAL
CODE REPORT
Information Current
Through: 08-20-2007
Database Updated:
10-02-2007
Update Frequency:
Weekly
Current Date:
10/03/2007
Source: NY SECRETARY OF STATE
FILING INFORMATION
Filing Number: 302120323570
Filing Date: 02/12/2003
Filing Type: AMENDMENT
Filing Date of
Related Filing: 08/31/1994
Filing Office: SECRETARY OF STATE/UCC DIVISION
--
No bankruptcy
petitions were reported naming the Subject.
GENERAL COMMENTS
Universal
Commodities (Tea) Trading, Inc. is a well established company, engaged as a
importer, exporter of tea. The person contacted declined to confirm any
financial details and outside sources failed to add any insight into the
condition of the Firm. The payment record appears limited, but satisfactory.
Nothing of a negative nature was reported.
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. |
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%)