MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
UNITED STEEL
SUPPLY, INC. |
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Registered Office : |
25201 Paseo De
Alicia, |
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Country : |
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Date of Incorporation : |
16/05/2006 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in
importing and exporting products, and materials, as well as handling solutions
and conveying systems for the Scrap Steel Industry. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: UNITED
STEEL SUPPLY, INC.
Address: 25201
PASEO DE ALICIA,
City:
State/Province:
Zip Code: 92653
Country: UNITED
STATES
Telephone: 949-380-9900
Facsimile: 949-380-9905
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.unitedcementsteel.com
Business Activity: The Subject is engaged in importing and
exporting products, and materials, as well as
handling
solutions and conveying systems for the Scrap Steel Industry.
NOTE TO CLIENT
We contacted the
company and spoke to Mr. Nick Dumitrescu, CFO, who did not want to provide
information over the telephone. He insisted that we send a corresponding fax.
Please note that we
did send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time.
The number of
employees could not be determined.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 16/05/2006
State/Province of
Incorporation: NV
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Name: UNITED STEEL
SUPPLY INC.
Status: Active
File Date: 5/16/2006 4:00:19 PM
Type: Domestic Corporation
Corp Number: E0382192006-2
Qualifying
State: NV
List of Officers
Due: 5/31/2008
Resident Agent
Information:
INCORP SERVICES,
INC.
--
The Subject is
qualified in the state of
UNITED STEEL SUPPLY,
INC.
Number: C2926232
Date Filed:
8/25/2006
Status: active
Jurisdiction:
Address:
Agent for Service of Process:
HONG MA
Managers/Key
Personnel
Ms. Hong Ma (Sabrina) President
Ms. Annelise
Couchman Chairman Of The Board Of
Directors
Mr. Nick
Dumitrescu Chief
Financial Officer
AFFILIATED ENTITIES
The Firm has one
affiliated company:
United Cement Group,
Inc.
25201 Paseo De
Alicia,
There are no known
subsidiaries.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
We were unable to
obtain any banking information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AUTOMOTIVE 07-07 07-07 CONTRCT 1067200 1048600
100 0 0 0
0 INSTALLMEN
BUS SERVCS 07-08 00-00 VARIED 300
300 100 0 0
0 0
PACKAGING
07-08 00-00 NET 30 200 200
0 0 0
100 0
TELECOM
07-08 00-00 NET 30 2800 500
47 53 0
0 0
LEASING
07-06 00-00 CONTRCT 700
700 100 0 0 0 0
CURRENT QUARTER 1137000 1116100
94 3 3
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 0 2 1116000 94
3 3 0 0
20070700
0 0 0 1136000 97
3 0 0 0
20070600
0 0 0 666200 100 0
0 0 0
20070500 0
0 0 653600 98
2 0 0 0
20070400
0 0 0 651900 100 0
0 0 0
20070300
0 0 0 438300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 818600 98
2 0 0 0
First
2007 0 437100 100 0
0 0 0
Fourth
2006 0 0 0
0 0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 0 0
0 0
0 0
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response.
Other outside
sources consulted could not provide any further insight into the financial
condition of this firm.
CURRENT OPERATIONS
NAICS Code: 42151
SIC Code: 5051
Business Activity:
The Subject is
engaged in importing and exporting products, and materials, as well as handling
solutions and conveying systems for the Scrap Steel Industry. The Company has customers located in
The heading address
is the sole location for the Company.
PUBLIC RECORD
A search of public
failed to reveal any tax liens, legal actions, or bankruptcy petitions at this
time.
The following UCC
filing has been filed by the Subject:
Name Searched:
UNITED STEEL SUPPLY
Debtors: UNITED
STEEL SUPPLY, INC. [BUSINESS]
25201 PASEO DE ALICIA
Filing Date:
07/26/2007
Filing Number:
077123004317
Secured Party: BIG
BLUE INC. [BUSINESS]
Status: UNLAPSED
Type: FINANCING
STATEMENT
GENERAL COMMENTS
The Subject is
engaged in importing and exporting products, and materials, as well as handling
solutions and conveying systems for the Scrap Steel Industry since 2006. The
Company has a good payment record. A search of public records failed to reveal
any tax liens, legal actions, or bankruptcy petitions at this time. The Firm
should be considered responsible for normal business transactions at this time.
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%)