MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
CLEARFREIGHT INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20/09/1978 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Provider of
freight forwarding services. |
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: CLEARFREIGHT
INC
Address:
City: EL
SEGUNDO
State/Province:
Zip Code: 90245
Country: UNITED
STATES
Telephone: 310
726-0400
Facsimile: 310
726-0420
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
150
Legal Form: Corporation
- Private
Website: www.clearfreight.com
Business Activity: The Firm is a provider of freight
forwarding services.
NOTE TO CLIENT
Person Contacted:
Mr. Darryl Von Geusau, Financial Director.
NOTE: The provided
address;
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 20/09/1978
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is
incorporated in
Corporation: CLEARFREIGHT
INC
Number: C0898038
Date Filed: 9/20/1978
Status: Active
Jurisdiction:
Address:
Agent for Service of
Process
PD VON GEUSAN
Managers/Key
Personnel
Mr. Kenji Go President & Chief Executive Officer
Mr. David So Vice President
Mr. Peter Porse Vice President
Mr. Max Wang Vice President
Mr. David
Reynolds Vice President
Mr. Darryl Von
Geusau Financial Director
AFFILIATED ENTITIES
There are no other
affiliated companies at this time.
Subsidiaries
ClearFreight B.V.
ClearFreight Japan
Co., Ltd.
Gamma International
Ltd.
Freight Solutions,
Inc.
CA
UNITED STATES
BANKS
Bank Of
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
The bank requires
account numbers and signatures which could not be obtained from management at
this time.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-08 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
AIR TRANS
07-07 00-00 0000000 14100
13300 83 17
0 0 0
CUST 23 YR
AIR TRANS
07-05 07-06 NET 30 10000 0 0
0 0 0
0 CUST 3 YR
CHEMICALS
07-08 00-00 NET 30 200 0
0 0 0
0 0
COMPUTERS
07-08 00-00 0000000 6100
2100 100 0 0
0 0 CUST
7 YR
COMPUTERS
07-06 07-06 CREDIT 17900 2500
100 0 0 0
0 ACCTCLOSED
FACTOR
07-08 07-07 NET 30 7300 3200
38 0 24
38 0
FACTOR
07-08 00-00 NET 30 8200 0
0 0 0
0 0 CUST
5 YR
FACTOR
07-08 03-01 NET 30 0 0
0 0 0
0 0 CUST
7 YR
FREIGHT
07-05 00-00 VARIED 1000 0
0 0 0
0 0
FREIGHT
07-07 07-07 NET 15 32600 10000
13 73 11
0 3
FRGHT FWRD 07-07 07-06 NET 30 7200
1600 31 0
2 2 65
CUST 30 YR
OFFC SUPPL 07-06 07-06 CREDIT 6600
400 100 0 0
0 0 ACCTCLOSED
OFFC SUPPL 07-06 06-06 CREDIT 3000
0 0 0
0 0 0
PACKAGING
07-08 06-10 NET 30 0 0
0 0 0
0 0 CUST
1 YR
TELECOM
07-08 00-00 NET 30 700 300
100 0 0 0 0
TELECOM
07-08 00-00 NET 30 1000
1000 100 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 4800 4800
63 10 0
0 27 COLLECTION
BUS SERVCS 06-05 00-00 NET 7 900
900 100 0 0
0 0
COMPUTERS
06-06 06-05 0000000 4800
1000 0 100 0
0 0
DP SERVCS
07-01 06-04 0000000 100
100 0 0
0 0 100 CUST
4 YR
EQUIP LEAS 07-01 06-11 NET 30 2400
1700 0 0
0 0 100
FINCL SVCS 04-10 00-00 CONTRCT 26300 0
0 0 0
0 0
FOOD DISTR 05-10 00-00 VARIED 0
0 0 0 0 0
0 CUST 5 YR
FREIGHT
05-12 05-05 VARIED 0 0
0 0 0
0 0
FRGHT FWRD 05-11 00-00 NET 30 15700
15700 100 0 0
0 0
GENERAL
05-02 04-10 NET 60 1300 1100
52 48 0
0 0 CUST
8 YR
LEASING
07-08 00-00 NET 30 100 0
0 0 0
0 0 CUST
2 YR
LEASING
07-06 00-00 CONTRCT 600
500 100 0 0
0 0
LEASING
07-06 00-00 CONTRCT 9700
5100 100 0 0 0 0
CUST 1 YR
PLUMBING
07-04 00-00 NET30 0 0
0 0 0
0 0 CUST
2 YR
TELECOM
07-05 07-03 NET 30 100 0
0 0 0
0 0 EXLENT ACC
TRANSPORTN 06-07 00-00 NET 15 0
0 0 0 0 0
0 ACCTCLOSED
ADMIN
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 115900 34400
58 28 6
4 4
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 7 8 38600 68
26 3 0 3
20070700
0 7 9 39300 63
32 2 0 3
20070600
0 7 12 41500 42
54 1 0 3
20070500
0 7 5 56800 75
23 0 1 1
20070400
0 6 6 49500 75
21 2 0 2
20070300
0 9 8 44400 57
41 0 0 2
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 10 40800 57
38 1 1 3
First
2007 7 46700 67
30 1 0 2
Fourth
2006 9 49000 57
39 1 1 2
Third
2006 10 50300 55
40 2 1 2
Second
2006 9 46600 53
44 1 0 2
FINANCIAL INFORMATION
Mr. Von Geusau declined
to provide financial statements or annual sales, therefore the Firm's condition
could not be evaluated. A written inquiry was sent via fax, if he responds the
report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 4885
Freight Transportation Arrangement
Number of Employees
: 150
Business Activity:
The Firm is a
provider of freight forwarding services.
The Firm offers
freight forwarding services to various industries. The Firm's services include:
customs brokerage, logistics consulting, air and ocean forwarding, duty
drawback services and freight insurance.
The provided address
is the Firm's headquarters. The Firm also reports locations at:
Airport Office
901
Phone: 310-342-0800
Phone: 650-871-9580
Fax: 650-583-5732
545
#201,
Phone: 206-575-8333
Fax: 206-575-8484
Phone:989-872-5359
Fax: 989-872-5235
Phone: 630-766-6652
Fax: 630-766-6535
Phone: (718)
656-4510
Fax: (718) 656-4292
Phone: (305)
592-4446
Fax: (305) 592-3139
PUBLIC RECORD
DEBTOR INFORMATION
Debtor(s): CLEARFREIGHT INC.
EL
SECURED PARTY OR CREDITOR INFORMATION
Secured Party: BANK OF
CA9-702-05-69, 101 S.
MARENGO AVENUE, 5TH FLOOR
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DEBTOR INFORMATION
Debtor(s): CLEARFREIGHT INC.
EL
SECURED PARTY OR CREDITOR INFORMATION
Secured Party: WELLS
COLLATERAL INFORMATION
Collateral
Type: (1) RICOH 2027SP COPIER, SERIAL#
J8455100181(1) DF75, SERIAL# J0948102636(1)
Collateral
Type: RICOH 2060SP COPIER, SERIAL#
K6855100076(1) SR850 FINISHER, SERIAL#
Collateral
Type: J4641102321(1) POSTSCRIPT TYPE
3(1) RICOH 3310LE FAX MACHINE, SERIAL#
Collateral
Type: A3549602882
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DEBTOR INFORMATION
Debtor(s): CLEARFREIGHT, INC.
EL
SECURED PARTY OR CREDITOR INFORMATION
Secured Party: WASCO FUNDING CORP.
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No judgements, tax
liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well
established provider of freight forwarding services. The payment record is
satisfactory. No judgements, tax liens or bankruptcy petitions were traced to
the Firm. The Firm is considered responsible for normal trade relations.
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%)