MIRA
INFORM REPORT
|
Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
CLOTHESINDIA
RESOURCES, LLC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05/04/2005 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Wholesaler for
men's and boy's clothing. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: CLOTHESINDIA
RESOURCES, LLC
Address:
City:
State/Province:
Zip Code: 06810
Country: UNITED
STATES
Telephone: 203
743-6701
Facsimile: 203
743-1825
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 2
Legal Form: Limited
Liability Company
Website: www.clothesindia.com
Business Activity: The Company is a wholesaler for men's
and boy's clothing.
NOTE TO CLIENT
Person Contacted:
Mr. Birag Patel, Owner
Management declined
all information over the telephone, but agreed to a written request. If
pertinent information is returned, the report will be amended.
LEGAL
Legal Form: Limited Liability
Company
Since (D/M/Y): 05/04/2005
State/Province of
Incorporation: CT
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Business Name: CLOTHESINDIA
RESOURCES, LLC
Business ID: 0817249
Business
Address:
Mailing
Address:
State
Incorporated: Domestic/CT
Business Type: Domestic
Limited Liability Company
Business
Status: Active
Date
Inc./Register: April 5, 2005
BUSINESS SUMMARY:
Agent Name: : JAMES
M. POWERS
Managers/Key
Personnel
Mr. Biraj Patel Managing Director
Mr. Manoj Patel Manager
AFFILIATED ENTITIES
Affiliated
companies, if any, could not be determined.
BANKS
JP Morgan Chase Bank
Telephone: 800 242
7338
Facsimile:
Account Number:
Account Manager:
The bank requires a
signed authorization which management chose not to provide.
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
Management declined
financial details. Outside sources could not provide any either insight into
the financial condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 422
Wholesale Trade, Nondurable Goods
NAICS Code: 5619
Other Support Services
Number of Employees
: 2
Business Activity:
The Company is a
wholesaler for men's and boy's clothing.
The Company
specializes in shirts, jackets, sweaters and pants. Brand names include: Jordin
Sportswear, Dragonfly, Sport Jeans, Habana Cargo, Edward Dada, Super 7,
Benzene, Birachi, Fresh Wear, Honey Well &
Todd, Boccacio and 5 Mics. The clothing is imported primarily from
The above address is
the headquarters for the Firm. The Company's website reports a location in
106, Kalyandas Udyog
Bhavan,
Near Century Bazar,
Worli,
Mumbai - 400025
Tel No. 91 22 24384684
91 22 24211844
Tel Fax No. 91 22
24220325
TRADE REFERENCES
Supplier references
could not be obtained.
PUBLIC RECORD
Filing Number: 2447083
Filing Date: 03/29/2007
Filing Time: 8:30PM
Expiration Date: 03/29/2012
Filing Type: ORIGINAL
Filing Office: UCC COMMERCIAL RECORDING DIVISION
DEBTOR INFORMATION
Debtor(s): CLOTHESINDIA RESOURCES, LLC
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): JPMORGAN CHASE BANK, NA
COLLATERAL MGMT
SMALL BUSINESS;
COLLATERAL INFORMATION
Collateral
Type: ALL INVENTORY AND PROCEEDS
Collateral
Type: ALL CHATTEL PAPER AND PROCEEDS
Collateral
Type: ALL ACCOUNT(S) AND PROCEEDS
Collateral
Type: ALL EQUIPMENT AND PROCEEDS
Collateral
Type: ALL GENERAL INTANGIBLE(S) AND
PROCEEDS
No legal issues,
liens or bankruptcies were found in the process of the investigation in the
name of the Company.
GENERAL COMMENTS
The Company was
organized in 2005, engaged as a clothing importer and wholesaler. A payment history
could not be developed and supplier references were declined. No derogatory
information was reported or noted.
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)