MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MIDWAY GROUP CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05/04/2002 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Trader &
Exporter of Used Computer Equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: MIDWAY
GROUP CORP.
Address:
City:
State/Province:
Zip Code:
Country: UNITED
STATES
Telephone: 972
517-7803
Facsimile: 972
704-2862
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
2
Legal Form: Corporation
- Private
Website: N/A
Business Activity: Trader & Exporter of Used Computer
Equipment.
NOTE TO CLIENT
Contact Person: Mr.
Mohammad A. Yafin, Director
Mr. Yafin confirmed
that the provided address is an old location for the Company, but declined to
provide the address of the new location other than the zip code, 75071. Mr.
Yafin stated that the Company is registered in
The legal name,
Midway Group Corp., is registered in the state of
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 05/04/2002
State/Province of
Incorporation: NY
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity Name:
MIDWAY GROUP CORP.
Initial DOS Filing
Date: APRIL 05, 2002
County: KINGS
Jurisdiction:
Entity Type:
DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity Address Information DOS
Process:
MIDWAY GROUP CORP.
930 E 7TH STREET APT
1H
Registered Agent
NONE
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The Company is
registered in the state of
Managers/Key
Personnel
Mr. Mohammad
Yafin Director
Mr. Mohammad A.
Yafin Director
There are no
affiliates or subsidiaries of the Subject.
BANKS
Habib American Bank
74-05/07 37th
Avenues
Telephone:
Facsimile:
Account Number:
Account Manager:
Saleem Mirza
Management declined
to provide the account number for its primary bank citing confidentiality.
PAYMENT HISTORY
A payment history
could not be found for the Subject either at the
FINANCIAL INFORMATION
Outside sources were
unable to provide any insight into the financial status of the Company.
CURRENT OPERATIONS
NAICS Code: 42143
Computer and Computer Peripheral Equipment and Sof
SIC Code: 5045
Number of
Employees: 2
Business Activity:
Trader & Exporter of Used Computer Equipment.
The Subject is trader
and exporter of used computers and computer peripheral equipment, and software.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 2289387
Filing Type: NY CITY TAX WARRANT
Court Index
Number: S000001152
Filing Date: 12/28/2006
Filing Office: KINGS COUNTY CLERK
Book Name: TRANSCRIPT
DEBTOR INFORMATION
Debtor: MIDWAY GROUP CORPORATION
Debtor Type: CORPORATION
CREDITOR INFORMATION
Creditor: NYC DEPARTMENT OF FINANCE
Creditor
Attorney: NYC DIRECTOR
DOCUMENT DETAILS
Total Amount
Awarded: $573.40
Expiration
Date: 12/22/2026
REMARKS
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A tax warrant was issued,
and a judgement filed against the Subject in 2006. A Nationwide search of
bankruptcy courts recovered no evidence of the Company ever filing for
bankruptcy.
GENERAL COMMENTS
Midway Group Corp.
was incorporated in
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%)