MIRA INFORM REPORT

 

 

Report Date :           

30.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

JACOB STERN & SONS, INC.

 

 

Registered Office :

450 Sentry Parkway, Blue Bell, PA 19422

 

 

Country :

United States 

 

 

Date of Incorporation :

03.03.1989

 

 

Com. Reg. No.:

716771

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Reseller of oleo chemicals

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 1,000,000

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Acme Hardesty Co

Address in the order:

450 Sentry Parkway Blue PA 19422

 

 

Legal Name:

JACOB STERN & SONS, INC.

Trade Name:

Acme Hardesty Co

Legal Address:

Operative Address:

450 Sentry Parkway, Blue Bell, PA 19422, USA

1464 E Valley Road, Santa Barbara, CA 93108-1241, USA

 

 

Telephone:

+ 1 (805) 565 1411

Entity Number :

716771

Fax:

+ 1 (805) 565.1415

Legal Form:

Corporation for Profit

Email:

NA

Registered in:

Pennsylvania

Website:

Miscellaneous Nondurable Goods Merchant Wholesalers

Date Created:

1857

Manager:

Philip L Bernstein

Date Incorporated:

march 3, 1989

Staff:

250 employees

Stock:

NA

 

 

Value:

NA

Activity:

Reseller of oleo chemicals

 

 

BANKS

 

Name of the Bank

CITIBANK

Name of the Bank

WELLS FARGO BANK,

 

BUSINESS

 

HISTORY

 

Our show the company was established in 1857 and incorporated in Pennsylvania.

 

PRINCIPAL ACTIVITY

 

Jacob Stern & Sons Incorporated, an agri-products company, resells oleo chemicals in America.

 

.

Products/Services description:

 

 

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.

 

 

 

Sales are:

 

Wholesale

 

 

Clients:

 

The company serves small companies, LTL buyers, and multi-nationals.

 

 

Operations area:

 

National, International

The company imports from Asia, the Middle East, and South America

Trade References:

 

Despite our long searches we were unable to confirm the company’s trade references.

 

 

PAYMENTS

 

regular

Branches:

 

The company has offices in Blue Bell, Pennsylvania and Houston and Texas.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Despite our long searches we were unable to identify the company’s shareholders.

Management:

 

Philip Bernstein,  Chairman.

Jonathan Atkatz,  Chief Executive Officer.

Elmer Hull, Chief Executive Officer.



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

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.

 

 

Currency

DATE

USD

2010

Turnover

100,000,000 to 500, 000,000

 

Legal Fillings

 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

 

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.

 

 

 Final Opinion

 

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

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 



APPENDIX

 

Comments

 

We tried to call the company but we reached an answering machine.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.91

Euro

1

Rs.64.60

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.