MIRA INFORM REPORT

 

 

Report Date :           

25.05.2011

 

IDENTIFICATION DETAILS

 

Name :

ANTONETTI PRICE&KUZMA INC 

 

 

Formerly Known As :

ANTONETTI-PRICE CO.

 

 

Registered Office :

3940 Porett Dr, Gurnee, Il 60031

 

 

Country :

United States 

 

 

Date of Incorporation :

04.11.1983

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Wholesaler of groceries

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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:

Antonetti Price & Kuzma Inc

Address in the order:

Antonetti Price & Kuzma Inc

3940 Porett Drive Gurnee

Comments on data supplied:

Dear client, the address provided in the order is that of the Registered Agent. The company is in fact headquartered at the address listed below.

 

Legal Name:

ANTONETTI PRICE&KUZMA INC

(Henry Broch and Company)

Trade Name:

Henry Broch and Company

Legal Address

3940 PORETT DR, GURNEE, IL 60031, USA

(Registered Agent Address)

Operative Address

704 FLORSHEIM DRIVE, SUITE 12,

LIBERTYVILLE, IL 60048, USA

 

Telephone:

(847) 816-6225

ID :

53260993

Fax:

(847) 816-6238

Legal Form:

Corporation for Profit

Email:

info@hbroch.com

Registered in:

Illinois

Website:

http://www.hbroch.com

Date Created:

1941

Manager:

James A Kuzman, President

Date Incorporated:

November 4, 1983

Staff:

19

Stock:

NA

 

 

Value:

NA

Activity:

Wholesaler of groceries

 

 

BANKS

 

Name of the Bank

FIRST AMERICAN BANK

 

 

BUSINESS

 

HISTORY

 

The company was established in 1941.

It was formerly known as ANTONETTI-PRICE CO.

PRINCIPAL ACTIVITY

 

The company operates as an industrial food brokerage company.

Products/Services description:

 

Products include spray-dried, dehydrated and freeze dried vegetables, fruit concentrates and purees, spice oleoresins, spices and air-dried herbs, IQF herbs and onions, and mint and other herb extracts.

Sales are:

 

Wholesale

Clients:

 

Professionals of the industry.

Operations area:

 

National, International

The company imports from Worldwide.

Trade References:

 

We could not contact any representative that could provide us the names of their suppliers for us to check trade references.

PAYMENTS

 

made on a 38 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquartered at:

704 Florsheim Drive, Suite 12, Libertyville, IL 60048, USA

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a private company. James J. Antonetti and James A Kuzman appear to be among the owner and main shareholders but we could not contact any representative that could verify this information.

Management:

 

James A Kuzman, President

James J. Antonetti, President



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have called the company several times but the phone just keeps ringing until the call is disconnected and nobody answers the phone, not even a voicemail.

 

However, on a previous situation, 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

2007

Turnover

7,800,000

Operating Income

329,000

Net Income

287,000

Net worth

500,000

Bank liabilities

45,000

The cash flow is

Normal



Comments on the financial data: Being that we were not able to contact any representative of the subject company that could verify the company is still in business, we could not gather any financial information for 2010.

Legal Fillings

 There is 1 UCC** files listed with the Secretary of State of Illinois

 

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 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 small sized company, with an estimated of 19 employees and several years of experience.

 

The company is listed as Active and In Good Standing according to the Secretary of State of Illinois. However, we have tried to call the company several times at the only phone number we found related to it, and theo phone just keeps ringing until the call gets disconnected. Nobody ever answers, not even a voicemail. In addition, the fax number is invalid as it has been disconnected.

 

Being that we were not able to contact any representative of the subject company that could verify the company is still in business we suggest Caution and working with GUARANTEES. Please, provide us with further information such as a correct phone number to purse the investigation.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

 

Indebtedness

N.A.

Payments

N.A.

 

Cash

N.A.

 

 

 

 

 

APPENDIX

 

Comments

 

We have called the company several times at different business hours but nobody answers the phone.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.25

UK Pound

1

Rs.72.82

Euro

1

Rs.63.58

 

 

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.