MIRA INFORM REPORT

 

 

Report Date :

25.10.2007

 

IDENTIFICATION DETAILS

 

Name :

FOREVER LITE INC

 

 

Registered Office :

6775 Speedway Blvd Unit 107, Las Vegas, Nv 89115-1720

726 S Casino Center Blvd Ste, Las Vegas, Nv 89101-6742

 

 

Country :

United States

 

 

Date of Incorporation :

05/2002

 

 

Legal Form :

Institutions

 

 

Line of Business :

Commercial Lighting Fixtures

Signs & Advertising Displays

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 


 

Company Information

 

 

FOREVER LITE INC
6775 SPEEDWAY BLVD UNIT 107
LAS VEGAS, NV 89115-1720
(702) 644-6645

Business Identification Number:

797152696

File Established:

05/2002

Date of Incorporation:

07/23/2004

SIC code: 

COMMERCIAL LIGHTING FIXTURES - 3646

 

Matching Name and Address

 

 

This business is linked to the one displayed above. The report shows the best view of the business.

FOREVER LITE, INC
726 S CASINO CENTER BLVD STE
LAS VEGAS, NV 89101-6742

 

Executive Summary

 

 

  Intelliscore for FOREVER LITE INC

 

 

46.72

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM TO HIGH RISK
26% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RATIO OF BAD ACCOUNTS TO TOTAL ACCOUNTS

LENGTH OF CREDIT HISTORY

FEW, IF ANY, CURRENT ACCOUNTS

FEW, IF ANY, RECENTLY ACTIVE ACCOUNTS



  Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 12/03-08/06)

2

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

0

Total continuous trades:

0

Current continuous trade balance:

$0

Trade balance of all trades (0):

$0

Average balance previous 5 quarters:

$0

Highest credit amount extended:

$0

6 month balance range:

$0 - $0

 

 

 

 

 

 

 

UCC Profile

 

The UCC Filings are summarized and listed below.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

1

1

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

1

 

 

 

Total

 

 

2

1

 

 

 

** Cautionary UCC Filings include one or more of the following collateral : Accounts, Accounts Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

 

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  UCC Filings

 

UCC FILED Date: 08/14/2006

Filing Number: OH00105538570

Jurisdiction: SEC OF STATE OHIO

Secured Party: GOLUB CAPITAL INCORPORATED, AS ADMINISTR NY NEW YORK 10022 5

Collateral:  


UCC FILED Date: 12/15/2003

Filing Number: OH00071774408

Jurisdiction: SEC OF STATE OHIO

Secured Party: FIFTH THIRD BANK OH COLUMBUS 43215 21 EAST STATE ST. 1MOC2A

Collateral:  


UCC TERMINATED Date: 08/16/2006

Filing Number: 20062280448

Original Filing Date: 12/15/2003

Original Filing Number: OH00071774

Original Filing StateOH

Jurisdiction: SEC OF STATE OHIO

Secured Party: FIFTH THIRD BANK OH COLUMBUS 43215 21 EAST STATE ST. 1MOC2A

Collateral:  

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF NEVADA

State of OriginNV

Date of Incorporation: 07/23/2004

Current Status: Active


Business Type: Institutions - Unknown

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

TIFFANIE HENDERSON, PRESIDENT

 

MAX MALONE, SALES MANA

 

EUGENE MALONE, PRESIDENT


Operating Information

Business Type: Institutions


Primary SIC Code: COMMERCIAL LIGHTING FIXTURES - 3646

Secondary SIC Code: SIGNS & ADVERTISING DISPLAYS - 3993

Additional SIC Code: 5063 - 7389


Number of Employees: 12

Sales: $1,750,000


 

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.

 

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