MIRA
INFORM REPORT
|
Report Date : |
14th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
DEPARTMENT
56 INC. |
|
|
|
|
Registered Office : |
One Village Place 6436, City West Parkway, Eden Prairie,
Minnesota - 55344, United States |
|
|
|
|
Country : |
United
States |
|
|
|
|
Date of Incorporation : |
24.01.1984 |
|
|
|
|
Legal Form : |
Corporation
- Private |
|
|
|
|
Line of Business : |
Designer,
distributor, wholesaler and retailer of collectibles including figurines and
porcelain houses |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name : D 56, INC.
Address : One Village Place 6436
City West Parkway
City : EDEN PRAIRIE
State/Province : MINNESOTA As of:
Zip Code : 55344 Sales
/ Revenue:
Country : UNITED STATES Net Income:
Telephone : 952 944-5600 Total
Equity:
Facsimile : 952-943-4500
Legal Form : Corporation - Private
Website : www.department56.com
@rating Opinion:
Business Activity
Designer, distributor, wholesaler
and retailer of collectibles including figurines and porcelain houses.
NOTE TO CLIENT
Please
Note:
The
requested name, Department 56, Inc., which was formerly a public company is now
a private subsidiary of Lenox Group, Inc.
The
following is an exerpt from Lenox Group Inc.'s 10-k that explains the name
change:
The
Company was incorporated in Delaware in 1992 to hold the equity of a Minnesota
corporation formed in 1984 under the name “Department 56, Inc.,” which
Minnesota corporation has since changed its name to “D 56, Inc.” and continues as one of the
Company’s principal operating subsidiaries. On November 14, 2005, the legal
name of the Company was changed to “Lenox Group Inc.”
Person
Contacted: Multiple messages were left
for the Controller, Mr. Greg Peters, but were not returned. A written inquiry was also sent.If it is
returned, any new information will be immediately forwarded.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y): 24/01/1984
State/Province of Incorporation : MN
Status :
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual
financial report.
Filing Number :
4O-17
Entity Type :
Domestic Corporation
Original Date of Filing : 1/24/1984
Entity Status : Active
Chapter :
302A Good Standing:
(date of last annual filing) 2005
Duration :
PERPETUAL
Name :
D 56, INC.
Address :6436
City West Pkwy One Village Place
Eden Prairie, MN,
55344
Managers/Key Personnel
Ms. Susan E. Engel Chief Executive Officer
Mr. Gregory Peters Controller
AFFILIATED ENTITIES
The following Firms are affiliated through a
common parent:
Department 56 Retail, Inc.
Department 56 Sales, Inc.
CAN 56, Inc.
Lenox, Incorporated
Axis Holdings Corporation
Time to Celebrate, Inc.
Parent Companies
Parent Company:Lenox Group Inc
DE
UNITED STATES
Lenox
Group, Inc., the parent company of the Firm, is publicly traded on the New York
Stock Exchange under the symbol LNX.
Recent Close $9.22
52 Week Range $15/$9.06
Common Shares Outstanding 14,066,000
The following figures are quoted in millions
of US Dollars:
Total Revenue $330.92
Net Income 15.17
Total Current Assets 172.98
Total Assets 469.93
Total Current Liabilities 93.65
Total Liabilities 308.18
Total Shareholder Equity 161.75
There are no known subsidiaries, nor
divisions.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The primary bank of the Firm
could not be learned. UBS bank was
listed as a secured party in the public record.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 06-04 00-00 NET 30
0 0 0
0 0 0 0 CUST
3 YR
ADVERTISNG 06-05 98-11 NET 15
2400 0 0
0 0 0 0 PROMPT
AIR TRANS 06-04 06-04
0000000 41400 41400 100 0
0 0 0 CUST 23 YR
BLDG MATRL 06-04 00-00 NET 30
300 0 0
0 0 0 0
BUS SERVCS 06-03 06-02 NET 30
0 0 0
0 0 0 0
BUS SERVCS 06-05 00-00 VARIED
200 100 100 0
0 0 0
CELLUL/PAG 06-05 06-05 NET 30
200 200 100 0
0 0 0 CUST 5 YR
COMPUTERS 06-06 03-02
CREDIT 0 0 0 0
0 0 0 ACCTCLOSED
COMPUTERS 06-05 06-04
0000000 103200 103200 0
26 52 22 0
ELEC DISTR 06-05 04-10 NET 30
0 0 0
0 0 0 0 CUST 17 YR
FINCL SVCS 06-06 02-12 NET 30
4600 0 0
0 0 0 0
FIREPROTEC 06-04 00-00 NET 30
0 0 0
0 0 0 0
FREIGHT 06-04 05-09
VARIED 2100 0 0 0
0 0 0
FREIGHT 06-06 06-05
VARIED 9500 8900 93 7
0 0 0
FRGHT FWRD 06-04 05-09 NET 30
0 0 0
0 0 0 0
GIFTWARE 06-05 00-00
VARIED 0 0 0 0
0 0 0
GIFTWARE 06-02 00-00
CONTRCT 18200 1600 100 0
0 0 0
HOUSEWARES 06-04 98-11 VARIED
0 0 0
0 0 0 0
INDUS SUPL 06-02 05-02 NET 30
2400 0 0
0 0 0 0 CUST 16 YR
MANUFCTRNG 06-04 00-00 NET 30
200 0 0
0 0 0 0
NEWSPAPERS 06-04 99-01 NET 30
0 0 0
0 0 0 0
OFFC SUPPL 06-06 04-01 CREDIT
10000 0 0
0 0 0 0 ACCTCLOSED
PACKAGING 06-04 00-00 NET
30 800 100 65 35 0 0
0 CUST 6 YR
PRNTG SUPL 06-04 01-10 NET 30
800 0 0
0 0 0 0 CUST
5 YR
SAFTY PROD 06-03 00-00 NET 30
100 0 0
0 0 0 0 CUST
1 YR
SERVICES 06-04 05-06 NET 4000
0 0 0
0 0 0 CUST 25 YR
AIR TRANS 05-12 00-00 NET
30 300 0 0 0
0 0 0 CUST 14 YR
COMPUTERS 05-05 00-00
CREDIT 0 0 0 0
0 0 0 CUST 37 YR
COMPUTERS 04-02 00-00 NET
30 0 0 0
0 0 0 0
DP EQUIP 05-11 00-00 NET
30 600 0 0 0
0 0 0
ELEC SUPLR 04-06 98-03 2/10N30 0 0 0 0
0 0 0
GIFTWARE 04-04 00-00 NET
30 300 0 0 0
0 0 0 CUST 2 YR
INDUS SUPL 04-05 00-00 NET 30
100 0 0
0 0 0 0
LEASING 06-04 00-00
CONTRCT 1600 1600 100 0
0 0 0
MACH DISTR 04-09 97-11 NET 20
0 0 0
0 0 0 0 CUST 46 YR
MATRL HNDL 03-10 00-00 NET 15
0 0 0 0 0
0 0
MATRL HNDL 05-01 04-11 NET 30
0 0 0
0 0 0 0 CUST
1 YR
NEWSPAPERS 04-02 04-02 NET
0 0 0
0 0 0 0
NEWSPAPERS 05-06 98-11 NET 30
2000 0 0
0 0 0 0
OFFC SUPPL 05-05 00-00 NET 30
100 100 100 0
0 0 0
PAINTS 03-06 00-00
VARIED 0 0 0 0
0 0 0
PAPER PROD 04-12 00-00 VARIED
28800 10100 100 0
0 0 0
PHOTO EQP 04-03 00-00
VARIED 0 0 0 0
0 0 0
PRNTG& PUBL 05-02 00-00 NET 30 9500 100 100 0
0 0 0
PRNTG& PUBL 03-09 00-00 NET 30 0 0 0
0 0 0 0
RUBR& PLAST 03-06 00-00 NET 30 24600 11800 100 0
0 0 0
TELECOM 05-12 00-00 NET
30 100 100 100 0 0
0 0
TRANSPORTN 05-03 00-00 CONTRCT 4100 1400 0 0
100 0 0
TRANSPORTN 04-10 04-10 VARIED
1100 1100 0
100 0 0 0
CURRENT QUARTER
200400 155500 32
18 35 15 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20060500 0 5 17 142100 36
39 25 0 0
20060400 0 6 5
58200 70 30
0 0 0
20060300 0 5 1 23000 96
4 0 0 0
20060200 0 5 13 14000 12
88 0 0 0
20060100 0 5 12 12500 17
83 0 0 0
20051200 0 4 12 16900 22
78 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
First 2006 5 31700 68 32
0 0 0
Fourth 2005 10 13200 36 64
0 0 0
Third 2005 3 6200 78 22
0 0 0
Second 2005 8 8000 47 53
0 0 0
First 2005 0 18800 99 1
0 0 0
FINANCIAL INFORMATION
A
written inquiry was sent to the controller.
If it is returned, any new information will be immediately
forwarded. Outside sources report
annual sales to be in the range of US $100,000,000 to $200,000,000.
CURRENT OPERATIONS
NAICS Code :
327112 Vitreous China, Fine
Earthenware and Other Pottery
SIC Code :
3262
Business Activity
Designer,
distributor, wholesaler and retailer of collectibles including figurines and
porcelain houses.
The
above address is the headquarters of the company and consists of 66,400 square
feet of owned manufacturing, office, and warehouse space.
PUBLIC RECORD
UNIFORM COMMERCIAL CODE REPORT
Information Current Through : 05-28-2006
Database Last Updated :
06-12-2006
Update Frequency : Weekly
Current Date : 06/13/2006
Source : MN SECRETARY OF STATE
FILING
INFORMATION
Filing Number : 20039633011
Filing Date : 12/01/2003
Filing Time : 5:00PM
Expiration Date : 12/01/2008
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
180 STATE OFFICE BUILDING
SAINT PAUL, MN 55155
DEBTOR INFORMATION
Debtor(s): D 56 INC
1 VILLAGE PL 6436 CITY WEST PKWY
EDEN PRAIRIE, MN 55344
SECURED PARTY OR CREDITOR
INFORMATION
Secured Party: BANK ONE NA AS ADMINISTRATIVE AGENT
MAIL CODE WII-2032 111 E
WISCONSIN AVE
MILWAUKEE, WI 53202
COLLATERAL INFORMATION
Collateral Type: NEGOTIABLE INSTRUMENTS AND PROCEEDS
Collateral Type: EQUIPMENT AND PROCEEDS
UNIFORM
COMMERCIAL CODE REPORT
Information Current Through :05-28-2006
Database Last Updated : 06-12-2006
Update Frequency :Weekly
Current Date :06/13/2006
Source :MN SECRETARY OF STATE
FILING
INFORMATION
Filing Number : 200517874422
Filing Date : 09/06/2005
Filing Time : 2:43PM
Expiration Date : 20100906
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
180 STATE OFFICE BUILDING
SAINT PAUL, MN 55155
DEBTOR INFORMATION
Debtor(s): D 56 INC
6436 CITY WEST PKWY
EDEN PRAIRIE, MN 55344
SECURED PARTY OR CREDITOR
INFORMATION
Secured Party: UBS AG STAMFORD BRANCH AS ADMINISTRATIVE
AGENT
677 WASHINGTON BLVD
STAMFORD, CT 06901
COLLATERAL INFORMATION
Collateral Type: ALL ASSETS
There was no record of any legal actions,
bankrupty petitions, nor tax liens involving the Firm.
GENERAL COMMENTS
Incorporated in Minnesota in
1984, D 56, Inc. is engaged as a manufacturer of collectibles. The payment record appears prompt. No derogatory information was reported, nor
noted. The Firm is considered
responsible for normal business transactions.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |