D&B Business Records Plus:
Business Information Report
Saturday, March 27, 1999
Information America Database: D&B BUSINESS RECORDS PLUS BUSINESS INFORMATION REPORT
(Copyright 1998 Dun & Bradstreet, Inc. All Rights Reserved)
DUNS: 86-862-4248 DATE PRINTED SUMMARY
PRINVEST CORP MAR 27 1999 RATING 1R3
FORMERLY
3 PRINCESS RD COMMERCIAL FINANCE 1R2
AND BRANCH(ES) OR DIVISION(S) COMPANY STARTED 1994
LAWRENCEVILLE NJ 08648 SIC NO. EMPLOYS 55(51 HERE)
TEL: 609 844-9828 61 53 HISTORY CLEAR
CHIEF EXECUTIVE: RUDOLF A TERVOOREN, PRES
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* * * CUSTOMER SERVICE * * *
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* * * SUMMARY ANALYSIS * * *
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The Summary Analysis section reflects information in D&B's file as of
March 22, 1999.
RATING SUMMARY . . . .
The Rating was changed on February 26, 1999 because of a change in
payment information appearing in D&B's file. The "1R" portion of the
Rating (the Rating Classification) indicates business size of 10 or more
employees for this company. The "3" on the right (Composite Credit
Appraisal) indicates an overall "fair" credit appraisal. This credit
appraisal was assigned because the payment information in D&B's file on
this company indicates slowness in meeting trade obligations and this
company's number of years in business.
Below is an overview of the company's D&B Rating(s) since 09/15/94:
RATING DATE APPLIED
------ ------------
1R3 02/26/99
1R2 02/11/98
1R3 09/09/97
-- 10/21/94
ERN 09/15/94
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* * * PAYMENT SUMMARY * * *
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The Payment Summary section reflects payment information in D&B's file as of
the date of this report.
The PAYDEX for this company is 69.
This PAYDEX score indicates that payments to suppliers average 16 days beyond
terms, weighted by dollar amounts. When dollar amounts are not considered,
approximately 87% of the company's payments are within terms.
Below is an overview of the company's dollar-weighted payments, segmented by
its suppliers' primary industries:
TOTAL LARGEST % DAYS SLOW
TOTAL DOLLAR HIGH W/IN
RCV'D AMOUNTS CREDIT TERMS <31 31-60 61-90 91+
----- -------------- ---------- ---- --- ----- ----- ---
# $ $ % % % % %
Total in D&B's file 18 21,700 10,000
Payment By Industry:
1 Telephone communictns 4 3,850 2,500 100 - - - -
2 Nonclassified 3 10,350 10,000 52 48 - - -
3 Air courier service 1 5,000 5,000 50 50 - - -
4 Misc publishing 1 1,000 1,000 100 - - - -
5 Mfg photograph equip 1 500 500 50 50 - - -
6 Whol office supplies 1 500 500 100 - - - -
Other Payment Categories:
Cash experiences 0 0 0
Payment record unknown 7 500 100
Unfavorable comments 0 0 0
Placed for collection
with D&B 0 0
other 0 N/A
The highest "Now Owes" on file is $10,000
The highest "Past Due" on file is $5,000
D&B receives over 315 million payment experiences each year. We enter these
new and updated experiences into D&B Reports as this information is received.
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PAYMENTS (Amounts may be rounded to nearest figure in prescribed ranges)
Antic - Anticipated (Payments received prior to date of invoice)
Disc - Discounted (Payments received within trade discount period)
Ppt - Prompt (Payments received within terms granted)
REPORTED PAYING HIGH NOW PAST SELLING LAST SALE
RECORD CREDIT OWES DUE TERMS WITHIN
03/99 (001) 50 -0- -0- 6-12 Mos
02/99 Ppt 2500 -0- -0- 4-5 Mos
Ppt 1000 1000 -0- 1 Mo
Ppt 250 -0- -0- 1 Mo
Ppt 100 -0- -0- 6-12 Mos
Ppt-Slow 30 10000 10000 5000 1 Mo
Ppt-Slow 30 5000 2500 500 1 Mo
Ppt-Slow 30 500 -0- 4-5 Mos
(009) 100 -0- -0- 4-5 Mos
(010) 100 50 -0- 1 Mo
(011) 100 50 -0- 4-5 Mos
(012) 50 -0- -0- 4-5 Mos
(013) 50 -0- -0- 6-12 Mos
01/99 Ppt 250 100 -0- 1 Mo
Ppt 100 -0- -0- 6-12 Mos
12/98 (016) 50 4-5 Mos
09/98 Ppt 1000 250 -0- N30 1 Mo
Ppt 500 -0- -0- 6-12 Mos
* Payment experiences reflect how bills are met in relation to the
terms granted. In some instances payment beyond terms can be the
result of disputes over merchandise, skipped invoices etc.
* Each experience shown represents a separate account reported by a
supplier. Updated trade experiences replace those previously
reported.
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FINANCE
02/25/99 On FEB 25 1999 Richard B Newbert, sr v pres, deferred financial
information.
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PUBLIC FILINGS
The following data is for information purposes only and is not the
official record. Certified copies can only be obtained from the
official source.
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* * * UCC FILING(S) * * *
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COLLATERAL: Negotiable instruments including proceeds and products - Inventory
including proceeds and products - Account(s) including proceeds and
products - Equipment including proceeds and products - and OTHERS
FILING NO: 1674920 DATE FILED: 01/02/1996
TYPE: Original LATEST INFO RECEIVED: 02/20/1996
SEC. PARTY: MR. FAISAL MOHAMED BADER AL FILED WITH: SECRETARY OF
SAYER, SAFAT, KUWAIT STATE/UCC DIVISION,
DEBTOR: PRINVEST INVESTMENT FUND II, NJ
INC.
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COLLATERAL: Negotiable instruments including proceeds and products - Inventory
including proceeds and products - Account(s) including proceeds and
products - Equipment including proceeds and products - and OTHERS
FILING NO: 1674918 DATE FILED: 01/02/1996
TYPE: Original LATEST INFO RECEIVED: 02/20/1996
SEC. PARTY: ASTROLABE GENERAL TRADING AND FILED WITH: SECRETARY OF
CONTRACTING CO., SAFAT, KUWAIT STATE/UCC DIVISION,
DEBTOR: PRINVEST INVESTMENT FUND II, NJ
INC.
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COLLATERAL: Negotiable instruments including proceeds and products - Inventory
including proceeds and products - Account(s) including proceeds and
products - Equipment including proceeds and products - and OTHERS
FILING NO: 1674915 DATE FILED: 01/02/1996
TYPE: Original LATEST INFO RECEIVED: 02/20/1996
SEC. PARTY: MR. MUSAED BADER AL SAYER, SAFAT FILED WITH: SECRETARY OF
KUWAIT STATE/UCC DIVISION,
DEBTOR: PRINVEST INVESTMENT FUND II, NJ
INC.
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COLLATERAL: Negotiable instruments
FILING NO: 1796860 DATE FILED: 10/16/1997
TYPE: Original LATEST INFO RECEIVED: 11/03/1997
SEC. PARTY: THE KITTY HAWK FUND, L.L.C., FILED WITH: SECRETARY OF
NEWARK, NJ STATE/UCC DIVISION,
DEBTOR: PRIN VEST CORP. NJ
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COLLATERAL: Accounts receivable and proceeds - Assets and proceeds - Chattel
paper and proceeds - General intangibles(s) and proceeds - and
OTHERS
FILING NO: 1600896 DATE FILED: 10/31/1994
TYPE: Original LATEST INFO RECEIVED: 01/27/1995
SEC. PARTY: PRINVEST FUNDING CORP., GRAND FILED WITH: SECRETARY OF
CAYMAN, CAYMAN ISLANDS STATE/UCC DIVISION,
DEBTOR: PRINVEST CORP. NJ
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COLLATERAL: AGREEMENT
FILING NO: 1600896 DATE FILED: 01/12/1996
TYPE: Assignment LATEST INFO RECEIVED: 03/29/1996
SEC. PARTY: PRINVEST FUNDING CORP., GRAND ORIG. UCC FILED: 10/31/1994
CAYMAN, CAYMAN ISLANDS ORIG. FILING NO: 1600896
ASSIGNEE: PEACE HOUSE PROPERTIES COMPANY, FILED WITH: SECRETARY OF
SAFAT, KUWAIT STATE/UCC DIVISION,
DEBTOR: PRINVEST CORP. NJ
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FILING NO: 1600896 DATE FILED: 01/20/1998
TYPE: Partial release LATEST INFO RECEIVED: 02/10/1998
SEC. PARTY: PRINVEST FUNDING CORP., GRAND ORIG. UCC FILED: 10/31/1994
CAYMAN, CAYMAN ISLANDS ORIG. FILING NO: 1600896
PEACE HOUSE PROPERTIES COMPANY, FILED WITH: SECRETARY OF
SAFAT, KUWAIT STATE/UCC DIVISION,
DEBTOR: PRINVEST CORP. NJ
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COLLATERAL: All Account(s) including proceeds and products - All General
intangibles(s) including proceeds and products - All Chattel paper
including proceeds and products
FILING NO: 1737692 DATE FILED: 11/10/1998
TYPE: Termination LATEST INFO RECEIVED: 12/15/1998
SEC. PARTY: CAPITAL MARKETS ASSURANCE ORIG. UCC FILED: 12/06/1996
CORPORATION, AS AGENT, NEW YORK, ORIG. FILING NO: 1737692
NY FILED WITH: SECRETARY OF
DEBTOR: PRINVEST RECEIVABLES CORP. STATE/UCC DIVISION,
NJ
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COLLATERAL: All Account(s) and proceeds - All Computer equipment and proceeds -
All General intangibles(s) and proceeds - All Chattel paper and
proceeds
FILING NO: 1794114 DATE FILED: 10/01/1997
TYPE: Original LATEST INFO RECEIVED: 10/27/1997
SEC. PARTY: BANKERS TRUST COMPANY, AS FILED WITH: SECRETARY OF
TRUSTEE, NEW YORK, NY STATE/UCC DIVISION,
DEBTOR: PRINVEST FINANCIAL CORP. NJ
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COLLATERAL: RECEIVABLES
FILING NO: 1677186 DATE FILED: 01/12/1996
TYPE: Original LATEST INFO RECEIVED: 02/20/1996
SEC. PARTY: PRINVEST FUNDING CORP., GRAND FILED WITH: SECRETARY OF
CAYMAN, CAYMAN ISLANDS STATE/UCC DIVISION,
ASSIGNEE: PEACE HOUSE PROPERTIES COMPANY, NJ
SAFAT, KUWAIT
DEBTOR: PRINVEST CORP.
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The public record items contained in this report may have been
paid, terminated, vacated or released prior to the date this
report was printed.
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HISTORY
02/25/99
RUDOLF A TERVOOREN, PRES+ PAUL M KIMAID, CFO+
RICHARD B NEWBERT, SR V-PRES+ ROBERT S LONG, SR V PRES-MKT &
SALES+
KEVIN L HARTZELL, SR VPRES+
DIRECTOR(S): The officers identified by (+)
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BUSINESS TYPE: Corporation - DATE INCORPORATED: 06/16/1994
Profit STATE OF INCORP: New Jersey
AUTH SHARES-COMMON: 100,000
AUTH SHARES-PREF: 80,000
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Business started 1994 by officer. 100% of capital stock is owned
by undetermined.
RUDOLF A TERVOOREN born 1950. Received a Masters Degree in
Business Administration from the University of Michigan and a Juris
Doctor from the University of Leyden in The Netherlands. 1988-1994
principal with PrinCap Companies. Prior to that was vice president at
Prudential Bache Securities Inc. Also managing director with Trident
Financial Corp prior to 1986.
PAUL M KIMAID born 1952. Master of Science Degree in Accounting,
a Master of Business Administration Degree in Finance, both from
Syracuse University, and a Bachelor of Business Administration Degree
in Management from the University of Notre Dame. Previousley employed
by U S and International Consumer Product markets. He was CFO and
treaurer of The Prince Sports Group. He was also affiliated with
Chesebrough-Pond Inc.
RICHARD B NEWBERT born 1942. He holds a Bachelor's Degree in
Economics from Tufts University and served as an officer in the United
States Navy from 1964-1966. Previously affiliated with FCLS. He also
served as consultant in both the private and public sectors.
Previously President and CEO of Brockman Associates Inc and Wescon
Corp.
ROBERT S LONG born 1951. Bachelors Degree in finance and
economics from Susquehanna University. Previously employed in
consumer and sporting goods marketing in the United States by Prince
Sports Group, Yonex and Rossignol Ski Company.
KEVIN L HARTZELL born 1958. Masters Degree in organizational
management from Princeton University and Bachelors Degree from Clarion
University of Pennsylvania. Self employed as an independent financial
and systems consultant. Founded CompAccount, a payroll and financial
consulting company.
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OPERATION
02/25/99 Operates exclusively as a commercial finance company providing
asset-based and working capital loans and related financial services
to private sector enterprises. Specializes in providing government
and commercial accounts receivable financing.
Terms are negotiated. Sells to private sector businesses and
government prime contractors. Territory : United States and it's
territories.
Nonseasonal.
EMPLOYEES: 55 which includes officer(s). 51 employed here.
FACILITIES: Owns 33,800 sq. ft. in building.
LOCATION: Suburban business section on side street.
BRANCHES: This business has branch sales offices in Washington,
DC; Newport Beach and Los Angeles, CA and Dallas, TX.
03-27(237 /237) 99999 037239083 H
Fleet Bank
FULL DISPLAY COMPLETE
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