MIRA
INFORM REPORT
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Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
J & M HOME FASHIONS LLC |
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Registered Office : |
1039 Serpentine
Lane Ste E, Pleasanton, Ca - 94566 |
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Country : |
United States |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
04/02/2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of textiles and linens. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: J & M HOME FASHIONS LLC
Trade Name: J&M HOME FASHIONS
Address: 1039 SERPENTINE
LANE STE E
City: PLEASANTON
State/Province: CA
Zip Code: 94566
Country: UNITED STATES
Telephone: 925 417-0542
Facsimile: 925 417-1764
URL No
website
Legal Form: Limited Liability
Company
Founded (D/M/Y):
Sales / Revenue: 5,300,000
Net Income: -
Total Equity: -
Number of
Employees: 5
Shareholder:
Business Activity: The Subject is a wholesaler
of textiles and linens.
NOTE TO CLIENT
Contacted person:
Mr. Jerry Fourie, Managing Partner.
Mr. Fourie
provided and confirmed general business information about the Company. He provided
banking and financial information. We sent a fax requesting trade references.
If we receive a response, an update will be provided.
ORDERED NAME: J
AND M HOME FASHIONS LLC
LEGAL NAME: J
& M HOME FASHIONS LLC
REGARDING THE
REQUESTED ADDRESS 15910 VALLEY VIEW AVE, LA MIRADA 90638. PLEASE BE ADVISED
THIS IS A CONTRACTED WAREHOUSE LOCATION UNDER THE NAME FARO LOGISTICS SOLUTIONS
INC. THE COMPANY'S HEADQUARTERS IS LOCATED AT 1039 SERPENTINE LANE STE E,
PLEASANTON, CA 94566 FOR WHICH A REPORT FOLLOWS.
LEGAL
Legal Form: Limited
Liability Company
Incorporation
State CA
Status: ACTIVE
Since (D/M/Y): 04/02/2005
The company is NOT
required to publish an annual financial report.
The Company is incorporated is in the State of CALIFORNIA.
J & M HOME FASHIONS LLC
Number: 200503910220
Date Filed: 2/4/2005
Status: active
Jurisdiction: CALIFORNIA
Address
2669 GAPWALL CT
PLEASANTON, CA 94566
Agent for Service of Process
JERRY FOURIE
2669 GAPWALL CT
PLEASANTON, CA 94566
MANAGERS / KEY PERSONNEL
Mr. Jerry Fourie Managing Partner
Mr. Gary Marino Managing Partner
Mr. Michael
Alberigi Managing
Partner
AFFILIATED COMPANIES
The Company has no
affiliates or subsidiaries.
BANKS
Sonoma Valley Bank
State/Province: CA
Country: UNITED
STATES
Telephone: 707 935-3200
The Bank requires
a signed authorization which could not be obtained from management.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------
BUS SERVCS 07-09 07-09 NET 30 0 0 0 0 0 0 0
FINCL SVCS 07-11 07-10 CONTRCT 500 200 100 0 0 0 0 CUST 4 YR
UTILITY 07-07 00-00 NET 15 200 200 0 100 0 0 0
AIR TRANS 07-03 00-00 0000000 2500 2300 100 0 0 0 0 CUST 2 YR
AIR TRANS 06-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 1 YR
CURRENT QUARTER 700 400 50 50 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20071100 0 0 14 300 4 96 0 0 0
20071000 0 0 15 200 0 100 0 0 0
20070900 0 0 15 200 0 100 0 0 0
20070800 0 0 15 200 0 100 0 0 0
20070700 0 0 15 100 0 100 0 0 0
20070600 0 0 15 100 0 100 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third 2007 15 200 0 100 0 0 0
Second 2007 9 100 37 63 0 0 0
First 2007 4 300 76 24 0 0 0
Fourth 2006 15 100 0 100 0 0 0
Third 2006 0 0 0 0 0 0 0
FINANCIAL INFORMATION
Fiscal Year End :
Year-End (D/M/Y) 31/12/2006 31/12/2005
Income Statement Consolidated Consolidated
Global Net Sales 5,300,000 6,059,000
Gross Profit
0
Operating Income 0
Net Income (Loss) of the Year 693,000
Assets
Total Current Assets 2,108,000
Total Assets 2,108,000
Liabilities
Total Long Term Liabilities 1,677,000
Total Liabilities 1,677,000
Equity
Total Equity
431,000
FINANCIAL INDICATORS
Year-End (D/M/Y) 31/12/2006 31/12/2005
Quick Ratio
Current Ratio
Return on Sales 0.11
Return on Assets 0.32
Return on Equity 1.60
Debt to Equity 3.89
Solvency
A/R Turns
The above
information was provided by Mr. Fourie. Balance sheet information are actual US
dollars. The Company was forwarded a fax requesting detailed financial
information for 2006. Currently we have not received a response.
HISTORY
Old Address
5776 Sonoma Dr.
Suite D
Pleasanton, CA 94568
CURRENT OPERATIONS
SIC Code:
NAICS Code: 42
Wholesale Trade
Number of Employees: 5
Business Activity:
The Subject is a
wholesaler of textiles and linens.
The heading
address is the headquarters of the Subject. The Company leases the 1,600 sq ft
office space. The Company also has leased warehouse space in Los Angeles and La
Mirada, California, and Chicago, Illinois.
PUBLIC RECORD
Below is the sole UCC filing for the Subject.
Name Searched: J & M HOME FASHIONS
Debtors: J & M HOME FASHIONS LLC [BUSINESS]
P.O. BOX 1951
PLEASANTON, CA 94566-1951
Filing Date: 01/17/2006
Filing Number: 067055852664
Secured Party: SONOMA VALLEY BANK [BUSINESS]
202 WEST NAPA STREET
SONOMA, CA 95476
Status: UNLAPSED
Type: FINANCING STATEMENT
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A nationwide search of bankruptcy courts found no filings related to the
Subject.
COMMENTS
The Subject is a wholesaler of textiles and linens. Payment are considered to be generally satisfactory. Legal records indicate no negative litigation taken against the Subject.
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%)