Attachment 1
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Report Update On |
15th January, 1999 |
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Report on |
D. KLEIN & SON INC |
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Registered Office |
60 Industrial Road, Lodi, NJ 07644, U.S.A. |
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Tel. No. |
973 778-4200 |
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Fax No. |
973-778-7983 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
S U M M A R Y
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Incorporated |
1949 |
Status |
Satisfactory |
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Registration No. |
-- |
Chief Executive |
Mr. Nathan Rotchild |
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Capital (USD) |
-- |
Payments |
Regular |
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Sales (USD) |
5,780,000 |
Litigation |
-- |
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Net Worth (USD) |
-- |
Banking Reputation |
Satisfactory |
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No. of Employees |
80 |
Auditors |
-- |
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Credit Rating |
A (See attachment 3) |
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IDENTIFICATION
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Company Name |
D.
KLEIN & SON INC. |
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Address |
60
Industrial Road Lodi, NJ 07644 |
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Telephone |
973
778-4200 |
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Facsimile |
973
778-7983 |
ANSWERS TO YOUR SPECIFIC QUESTIONS
Please note the correct legal name of the Company.
EXECUTIVE SUMMARY
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Legal Form |
Corporation
– Private |
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Date Founded |
1949 |
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Major Shareholder |
Mr.
Nathan Rothchild |
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Employees |
80 |
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Highest Credit Reported |
Not
Available |
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Person Contacted |
No
officer was available to comment. |
LEGAL
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Legal Form |
Corporation
– Private |
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State of Incorporation |
NJ |
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Date of Incorporation |
1949 |
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Date of Founding |
1949 |
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Managers |
Mr.
Nathan Rothchild / President Mr.
Sam DeSteno / Controller |
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Owners |
Mr.
Nathan Rothchild. . . . . . . . . . . . 100% |
RELATED COMPANIES
No Parent, Subsidiaries nor Divisions
HISTORY
The Company did not provide any information pertaining to its history or the background of its officers.
CURRENT OPERATIONS
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NAICS Code |
315999 |
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Primary SIC |
2389 |
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Business |
The company is a manufacturer of private label accessories such as umbrellas and bags. The Company manufactures accessories for private labels such as Harve Bernard, London Fog, and Nicole Miller. |
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Total number of employees |
80 |
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Facility size |
unknown |
The headquarters, also a manufacturing facility, warehouse, is at the above-noted address.
There is a showroom located at:
47 West 34th Street
New York, NY 10001
212 239-6538
212 695-4942
YEAR 2000 COMPLIANCE
The Company declined to answer the following questions regarding Year 2000 compliance readiness.
1. Q: Whose responsibility is Year 2000 compliance? (name/position)
2. Q: When do you expect to be Year 2000 compliant?
3. Q: Does your Company have a budget, deemed sufficient, to make you Year 2000 compliant before 12/31/99?
4. Q: Have you sought information regarding Year 2000 compliance among your suppliers and your customers?
FINANCIAL FIGURES
All figures are reported in USD.
The Company would not disclose any financial information when contacted.
From an industry analysis of 4 companies in the same SIC code as the subject (2389), we have estimated the sales of subject to be in the range $5,780,000 to $7,140,000.
INDUSTRY ANALYSIS
The following chart compares the Subject Company to other companies within its industry (2389 - APPAREL & ACCESSORIES NEC) and within its size range (51-100 employees).
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Industry Based on |
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Industry |
Subject's Size |
Subject |
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Number of Companies |
32 |
4 |
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Avg No of Employees |
156 |
65 |
80 |
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Avg Sales (in '000) |
$8,863 |
$5,500 |
$N/A |
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Revenue per Employee |
$56,982 |
$84,942 |
$N/A |
Please note that this industry analysis is based on businesses in the United States and is provided only as a comparison. In some cases, the subject's geographical location and variations from the Standard Industrial Classification codes (SIC) will affect the resulting figures.
BANK
*We have made numerous requests to the Company for the above information both verbally and in writing. We have had no response to date.
PAYMENT HISTORY
Due to the Company's size and/or business activity, no significant trade experience and/or payment habits have been reported.
TRADE REFERENCES
* We have made numerous requests to the Company both verbally and in writing for trade information and have had no response to date.
PUBLIC RECORD
We have found no record of judgments or tax liens against the Company in the state of New Jersey.
A name search with the automated voice system of the U.S. Bankruptcy Court, New Jersey, Tel: 973 645-6045, revealed no filing of bankruptcy as of the date of this report.
A nationwide search of bankruptcy courts revealed no record of a Company by this name filing for bankruptcy.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to slightly difficult position as
unfavourable conditions arise. Minimal assurance for timely payment on
interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
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 |