MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HYPACK, INC. |
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Registered Office : |
56 Bradley St, Middletown, CT 06457-1513 |
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Country : |
United States |
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Date of Incorporation : |
16.02.1996 |
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Legal Form : |
Corporation for
Profit |
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Line of Business : |
Prepackaged software services |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
30,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
HYPACK, INC. |
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Address: |
56 Bradley St, Middletown, CT
06457-1513, United States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (860) 635-1500 + 1 (860) 635-1522 0508353 Connecticut Patrick Sanders,
President |
Date founded: |
February 16,
1996 Corporation for Profit N.A. 15 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Prepackaged software
services |
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BANKS
Bank of America
BUSINESS
Operations & Operations:
Hypack Inc. is a private company headquartered in Middletown,
Connecticut. Hypack Inc's line of business is prepackaged software services.
Industry Overview:
Software production in the US involves about 50,000 companies with
combined annual revenue of about $180 billion, more than half from sales of
packaged products and the rest from custom programming. Large companies include
Microsoft, Oracle, Computer Associates, and Electronic Arts. The packaged
products segment is concentrated: the 50 largest companies hold about 70
percent of the market. The custom programming segment is highly fragmented.
Packaged software products are generally small programs that can be
installed and operated by the customer without assistance. Business-oriented
packaged products may cost up to $10,000, but most consumer-oriented products
cost less than $500. Custom programming either creates a new software product
from scratch, or, more typically, customizes an existing software product for
customer use. Custom program products can be very large, costing millions, and
may require special training and technical support.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Patrick Sanders, president.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Hypack Inc. does not publish any financial
statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
1,600,000 |
A litigation search did not show any significant legal actions in the
name of the subject firm.
There is no active UCC file listed with the Secretary of State of
Connecticut.
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in the US.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details
Above Regular |
ADVISED
CREDIT
30,000 USD
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%)