MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION DETAILS
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Name : |
4POINTS
TECHNOLOGIES, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15/09/2000 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
The Company is a
computer systems service provider specializing in high-performance supply chain
management systems, and strategic planning tools and implementations. |
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: 4POINTS
TECHNOLOGIES, INC.
Address:
City:
State/Province:
Zip Code: 95054
Country: UNITED
STATES
Telephone: 408
649-5654
Facsimile: 408
715-0286
In KUSD As of:
12/10/2007
Sales /
Revenue: 4,400
Net Income:
Total Equity:
Number of Employees:
4
Legal Form: Corporation
- Private
Website: www.4pointstech.com
Rating Opinion: up
to $10,000
Business Activity: The Company is a computer systems
service provider specializing in high-performance
supply chain
management systems, and strategic planning tools and implementations.
NOTE TO CLIENT
Mr. Froh responded
to our request via email. Updated items include: director titles, employees,
branch information & square footage,
affiliated companies, bank, trade references, and financials. With the new information
provided, we believe that USD $10,000 remains a reasonable credit
recommendation for the company.
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Contact Person: Mr.
Randall Froh, Chief Operating Officer
Mr. Froh was able to
confirm the information in this report. However, due to the desired credit
rating, we have forwared an email to Mr. Froh for additional financial
information.
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Amount
Requested: 15,000,000
The amounts
requested and advised are expressed in:
USD
IMPERATIVES
Excerpt from Mr.
Froh's email received 10/15/07:
" There was a
change in the management team/ownership of the original " 4Points
Technologies" that had been
originally incorporated in
As of 10/6/06
4Points IT Services was incorporated in
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 15/09/2000
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Corporation: 4POINTS
TECHNOLOGIES, INC.
Number: C2269490
Date Filed:
9/15/2000
Status: active
Jurisdiction:
Address
Agent for Service of Process
DAVE WALTER
900 EAST HAMILTON
AVENUE-SUITE 100
Managers/Key
Personnel
Mr. D.L.
Walters Chairman Of The Board Of Directors
Mr. Randall
Froh President
AFFILIATED ENTITIES
There are no
subsidiaries or affiliates of the Company at this time.
Parent Companies
Parent Company: 4Points IT Services, Inc.
NV
UNITED STATES
BANKS
Wells Fargo Bank
Telephone:
408-354-2831
Facsimile:
Account Number:
349505xxx
Account Manager: Mr.
Herman Salas
The bank requires a
full account number and signed authorization to release account information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 00-00 0000000 100
100 100 0 0
0 0 CUST 15 YR
BUS SERVCS 07-09 00-00 NET 30 100
0 0 0
0 0 0
GENERAL
05-02 02-10 NET 30 0 0
0 0 0
0 0 CUST 13 YR
LEASING
07-06 00-00 CONTRCT 1000
100 100 0 0
0 0 CUST
4 YR
CURRENT QUARTER 200 100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070900
0 7 0 200 100 0
0 0 0
20070800
0 7 0 200 100 0
0 0 0
20070700
0 6 0 200 100 0
0 0 0
20070600
0 7 0 0 0
0 0 0 0
20070500
0 7 0 0
0 0
0 0 0
20070400
0 7 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 0 0
0 0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 0 0 0
0 0 0 0
Third
2006 0 100 100 0
0 0 0
Second
2006 0 100 100 0
0 0 0
FINANCIAL
INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 12/10/2007 31/12/2006 31/12/2006
Consolidated Consolidated
Sales / Revenues 4,400 2,050 -
The financials for
the Subject are consolidated into the Parent company, 4Points IT Services, Inc.
Please see below for the latest statements for the Parent:
Management reports
2006 Annual Sales of USD $2,050,000 (gross margin 25%).
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As of October 2007,
the Company reports Revenues of USD $4,400,000 (gross margin 35%).
CURRENT OPERATIONS
NAICS Code: 5415
Computer Systems Design and Related Services
Number of
Employees: 4
Business Activity:
The Company is a
computer systems service provider specializing in high-performance supply chain
management systems, and strategic planning tools and implementations.
The Subject is a
provider of Professional IT Services and Systems Solutions for emerging and
converging technologies. The Firm serves the Financial, Technology,
Manufacturing, Telecom, Healthcare and Government industry sectors.
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More specifically
the Company provides professional services in the areas of:
High Availability,
Identity Management, Data Integration, Performance and Tuning, and Database
Architecture.
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Employee expertise covers
Microsoft SQL Server, Sybase SQL Server, Oracle, DB2, and XML databases.
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Of note, Paul
Bertucci, CTO, is the author of Sybase's " Performance & Tuning"
and " Physical Database Design" courses, and " MS SQL Server High
Availability" (SAMS Publishing). He
has co-authored the books, " SQL Server 2000 Unleashed", and "
ADO.Net in 24 Hours" .
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The above-noted
address is the sole location for the Company. It comprises approximately 3,000
sq ft of leased office and warehouse space. Currently, it is where shipments
for the Subject are received and sent.
TRADE REFERENCES
Visa
650 432-3200
650 554-4637
Contact: Mike Jalaie
- 650 432-3943
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The accounts
receivables department has been contacted via facsimile. As of this time we
have not yet received as response.
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Hewlett Packard
Contact: CC Lee -
650 966-8806
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The phone number
provided is the home office location for Mr. Lee. He was not available at the
time of our call, and his voice mailbox was full. This particular Hewlett
Packard could not be contacted directly as there are three branch locations in
the
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PUBLIC RECORD
No tax liens,
judgments or bankruptcy filings were found under the Subject's name.
GENERAL COMMENTS
The Company engages
as a computer systems solutions provider, and has been conducting business
since 2000. Payment history indicates that the Subject is efficient with its
payments. Legal records indicate no negative litigation taken against the
Subject.
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%)