MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SOUTHPOINT SPORTSWEAR, LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04/01/2002 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Distributor of Women's Clothing |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : SOUTHPOINT
SPORTSWEAR, LLC
Address :
City :
MEDLEY
State/Province :
Zip Code :
33178
Country :
UNITED STATES
Telephone : 305
885-3045
Facsimile :
305 885-3046
Legal Form :
Corporation - Private
Website : No
website found.
Business Activity : The
Subject is engaged as a distributor of women's clothing.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 5
NOTE TO CLIENT
Ms. Gale Crawford, Treasurer, declined to provide any information
regarding the Subject. As such, information contained in this report cannot be
confirmed.
Please be advised that as a privately-held Company, the Subject is not
required to disclose any corporate information.
NOTE: We could not ascertain the name of the Managing Director via Ms.
Crawford or all outside sources consulted.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
04/01/2002
State/Province of Incorporation :
FL
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
Florida Limited Liability Company
SOUTHPOINT SPORTSWEAR, LLC
Filing Information
Document Number L02000000340
FEI Number 300065484
Date Filed 01/04/2002
Status ACTIVE
Principal Address
11245 N.W. 131 ST.
MEDLEY FL 33178
Changed 04/26/2005
Mailing Address
11245 N.W. 131 ST.
MEDLEY FL 33178 US
Changed 04/26/2005
Registered Agent Name &
Address
CRAWFORD, GALE S
11245 NW 131 STREET
MEDLEY FL 33178 US
Managers/Key
Personnel
Ms. Gale Crawford
Treasurer
AFFILIATED ENTITIES
We are unaware of any existing affiliates or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide any bank information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
APPAREL
07-06 07-04 CIA 2000 1600
0 0 0
0 100 CUST 7 YR
PACKAGING
07-07 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
TRANSPORTN 07-06 00-00 NET 30 0
0 0 0
0 0 0
CUST < 1 Y
AIR TRANS
05-06 05-06 100
0 0 0 0 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
4 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
TRANSPORTN 04-10 04-09 VARIED 500
0 0 0
0 0 0
CURRENT QUARTER 2000 1600
0 0 0
0 100
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 5 105 1600 0
0 0 0
100
20070600
0 4 105 2000 0
0 0 0
100
20070500
0 4 104 2000 0
0 0 3 97
20070400
0 4 104 2000 0
0 0 3 97
20070300
0 5 15 2000 0
100 0 0 0
20070200
0 4 15 2000 0
100 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 105 1900 0
0 0 1 99
First
2007 44 2000 0
67 0 1 32
Fourth
2006 0 0 0
0 0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Management declined to provide any financial information and outside
sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 448 Clothing and Clothing Accessories Stores
Number of Employees: 5
Business Activity
The Subject is engaged as a distributor of women's clothing. The
headquarters is at the heading address and is presumed to be the sole location
of the Company.
PUBLIC RECORD
UNIFORM COMMERCIAL CODES:
Name Searched: SOUTHPOINT SPORTSWEAR
Debtor Address: SOUTHPOINT SPORTSWEAR, LLC
11245 NW 131 STREET
Secured Parties: CFH ACQUISITION LLC
Filing Date: 5/4/2005
Filing Number: 200509593834
Filing Type: AMENDMENT
Original Filing Number: 200408516761
Name Searched: SOUTHPOINT SPORTSWEAR
Debtor Address: SOUTHPOINT SPORTSWEAR LLC
11245 NW 131 STREET
Secured Parties: COMMUNITY BANK OF
Filing Date: 7/15/2003
Filing Number: 200304453054
Filing Type: INITIAL FILING
Name Searched: SOUTHPOINT SPORTSWEAR
Debtor Address: SOUTHPOINT SPORTSWEAR, LLC
Secured Parties: FCC, LLC
Filing Date: 2/14/2005
Filing Number: 200508975636
Filing Type: INITIAL FILING
NO BANKRUPTCY PETITION WAS FILED BY THE COMPANY.
GENERAL COMMENTS
The Subject is engaged as a distributor of women's clothing. Payment are
slow and a search of public records and bankruptcy courts returned no
derogatory information or record of the Company filing a bankruptcy petition.
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)