MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
A. A. SAYIA & COMPANY, INC. |
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Registered Office : |
P O Box M9 1 Newark Street,
Suite 29, Hoboken NJ 07030-5610 |
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Country : |
United States |
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Date of Incorporation : |
02.10.1967 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Groceries |
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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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Satisfactory |
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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: |
A. A. SAYIA & COMPANY, INC. |
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Address: |
P O Box M9 1 Newark
Street, Suite 29, Hoboken NJ 07030-5610, United States |
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Phone: Facsimile: ID: State: Managers: |
+1 201-659-4504 +1 201-659-3167 1004941800 New Jersey Garret A Sayia, president |
Date founded: |
02/10/1967
Corporation for Profit NA 8 employees |
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Legal form: |
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Stock: Staff: |
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Business: |
Wholesaler of groceries. |
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BANKS
FIRST UNION NATIONAL BANK
BUSINESS
Operations:
At the above address, we find the offices of the company A. A. SAYIA
& COMPANY, INC.
Business:
A. A. SAYIA & COMPANY wholesales
groceries.
The company offers a large range of spices and ingredients such as:
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ALLSPICE,
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ANNATTO,
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ANISE,
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BASIL,
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BAY LEAVES,
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CARAWAY,
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CARDAMOM,
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CASSIA,
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CELERY SEED,
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CLOVES,
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CORIANDER,
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CUMIN,
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DILL SEED,
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FENNEL,
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FENUGREEK,
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GINGER,
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MACE,
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MARJORAM,
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MUSTARD SEED,
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NUTMEG,
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OREGANO,
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PAPRIKA,
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BLACK PEPPER,
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RED PEPPER,
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WHITE PEPPER,
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POPPY SEED,
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ROSEMARY,
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SAGE,
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SAVORY,
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SESAME,
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TARRAGON,
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THYME,
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TURMERIC.
The company distributes its products on the US market.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
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Garret A Sayia, President,
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Dan Crabbe, Director,
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Peter Sayia, Director,
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Whitney Sayia, Director,
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Ed Deep, Director.
The company is held by the
Sayia family.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
The Company would not provide its balance sheets which it regards as
strictly confidential.
However our
financial sources provided us with the following figures.
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
1,100,000 |
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Operating profit |
74,000 |
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Net income |
56,000 |
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Net worth |
120,000 |
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Liabilities |
90,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
2 UCC Filings
1.
Filing Number: 0403055180265
Filing Date: 03-05-2004
Original Filing Date: 05-28-2002
Filing Location: SECRETARY OF
STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY NY 12210
Filing Type: TERMINATION
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Secured Party: FIRST UNION NATIONAL BANK
Address: 765 BROAD STREET 3RD
FLOOR NJ 1705
NEWARK NJ 07102
Debtor: A.A. SAYIA & COMPANY, INC.
Address: 1 NEWARK STREET
HOBOKEN NJ 07030
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2.
Filing Number: 02124168
Filing Date: 05-28-2002
Filing Location: SECRETARY OF STATE/UCC
DIVISION
162 WASHINGTON AVE
ALBANY NY 12210
Filing Type: ORIGINAL
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Debtor: A.A. SAYIA & COMPANY, INC.
Address: 1 NEWARK STREET
HOBOKEN NJ 07030
Secured Party: FIRST UNION NATIONAL BANK
Address: 765 BROAD STREET 3RD
FLOOR NJ 1705
NEWARK NJ 07102
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
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.
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The cash flow is correct.
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Payments are made on 36 days nets.
Our final opinion
This is a small company working on a nationwide area.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Medium 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%)