MIRA INFORM REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JACOB STERN & SONS, INC. |
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Registered Office : |
450 Sentry Parkway, Blue Bell, PA 19422 |
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Country : |
United States |
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Date of Incorporation : |
03.03.1989 |
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Com. Reg. No.: |
716771 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Reseller of oleo chemicals |
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 1,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Legal Name: |
JACOB STERN & SONS, INC. |
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Trade Name: |
Acme Hardesty Co |
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Legal Address: Operative Address: |
450 Sentry Parkway, Blue Bell, PA 19422, USA 1464 E Valley Road, Santa Barbara, CA 93108-1241, USA |
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Telephone: |
+ 1 (805) 565 1411 |
Entity Number : |
716771 |
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Fax: |
+ 1 (805) 565.1415 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
Pennsylvania |
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Website: |
Miscellaneous Nondurable Goods Merchant
Wholesalers |
Date Created: |
1857 |
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Manager: |
Philip L Bernstein |
Date Incorporated: |
march 3, 1989 |
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Staff: |
250 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Reseller of oleo chemicals |
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BANKS
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Name of the Bank |
CITIBANK |
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Name of the Bank |
WELLS FARGO BANK, |
BUSINESS
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HISTORY |
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Our show the company was established in 1857 and incorporated in
Pennsylvania. |
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PRINCIPAL ACTIVITY |
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Jacob Stern & Sons Incorporated, an agri-products company, resells
oleo chemicals in America. . |
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Products/Services description: |
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The company offers adhesives, coatings and inks, concrete admixtures, food
ingredients, lubricants and greases, nutritional supplements, personal care,
pharmaceuticals, plastics, additives, preservatives, rubber, soaps and
detergents, surfactants, textiles, and waxes. |
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Sales are: |
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Wholesale |
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Clients: The company serves small companies, LTL buyers, and multi-nationals. |
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Operations area: |
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National, International |
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The company imports from Asia, the Middle East, and South America |
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Trade References: Despite our long searches we were unable to confirm the company’s
trade references. |
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PAYMENTS |
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regular |
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Branches: |
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The company has offices in Blue Bell, Pennsylvania and Houston and
Texas. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Despite our long searches we were unable to identify the company’s
shareholders. |
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Management: |
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Philip Bernstein, Chairman. Jonathan Atkatz, Chief Executive
Officer. Elmer Hull, Chief Executive Officer. |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
100,000,000 to 500, 000,000 |
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Legal Fillings |
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There are UCC** files listed with the
Secretary of State of Pennsylvania. 1. Filing Number: 2011032802736 Filing Date: 03-28-2011 Filing Jurisdiction: PENNSYLVANIA Filing Location: SECRETARY OF STATE/UCC DIVISION
308 NORTH OFFICE BUILDING HARRISBURG
PA 17120 Filing History: Filing Type Filing Date INITIAL FILING 03-28-2011 -------------------------------------------------------------------------------- Secured Party: CITIBANK NA Secured Party Address: 388 GREENWICH ST NEW YORK
NY 10013- 2375 -------------------------------------------------------------------------------- Debtor:
JACOB STERN & SONS, INC. Debtor Address: 1464 E VALLEY RD SANTA BARBARA CA 93108-
1241 -------------------------------------------------------------------------------- Collateral Description: 03/28/2011 2011032802736 - ACCOUNT(S) AND
PROCEEDS;ACCOUNTS RECEIVABLE AND PROCEEDS Collateral Count: -------------------------------------------------------------------------------- 2. Filing Number: 2011032804475 Filing Date: 03-28-2011 Filing Jurisdiction: PENNSYLVANIA Filing Location: SECRETARY OF STATE/UCC DIVISION
308 NORTH OFFICE BUILDING HARRISBURG
PA 17120 Filing History: Filing Type Filing Date INITIAL FILING 03-28-2011 -------------------------------------------------------------------------------- Secured Party: CITIBANK NA Secured Party Address: 388 GREENWICH ST NEW YORK
NY 10013- 2375 -------------------------------------------------------------------------------- Debtor:
JACOB STERN & SONS, INC. Debtor Address: 1464 E VALLEY RD SANTA BARBARA CA
93108- 1241 -------------------------------------------------------------------------------- Collateral Description: 03/28/2011 2011032804475 - ACCOUNT(S) AND
PROCEEDS;ACCOUNTS RECEIVABLE AND PROCEEDS Collateral Count: -------------------------------------------------------------------------------- 3. Filing Number: 2011032806924 Filing Date: 03-28-2011 Filing Jurisdiction: PENNSYLVANIA Filing Location: SECRETARY OF STATE/UCC DIVISION
308 NORTH OFFICE BUILDING HARRISBURG
PA 17120 Filing History: Filing Type Filing Date INITIAL FILING 03-28-2011 -------------------------------------------------------------------------------- Secured Party: CITIBANK NA Secured Party Address: 388 GREENWICH ST NEW YORK
NY 10013- 2375 -------------------------------------------------------------------------------- Debtor:
JACOB STERN & SONS, INC. Debtor Address: 1464 E VALLEY RD SANTA BARBARA CA
93108- 1241 -------------------------------------------------------------------------------- Collateral Description: 03/28/2011 2011032806924 - ACCOUNT(S) AND
PROCEEDS;ACCOUNTS RECEIVABLE AND PROCEEDS Collateral Count: There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains records on financial obligations (including IRS liens) incurred
by individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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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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Final Opinion |
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This is a medium company with several
years of experience. We did not find any specific adverse
record against the company during the investigation. Its income is correct for its size. Payments are believed to be regular. We advise a credit line in the range of
USD 1,000,000 for the subject. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Comments |
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We tried to call the company but we reached an answering machine. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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UK Pound |
1 |
Rs.73.94 |
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Euro |
1 |
Rs.64.56 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.