MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
COVINGTON HOLDINGS, LLC |
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Registered Office : |
386 Park Avenue South, New York, New York 10016, United States |
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Country : |
United States |
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Date of Incorporation : |
22/12/2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures broad woven fabric, cotton,
and upholstery. |
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/normal. |
Small |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : COVINGTON HOLDINGS, LLC
Trade Name(s) : Covington Fabrics /Spectrum Designe Covington Industries Contract
Address : 386 PARK AVENUE SOUTH
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10016
Country : UNITED STATES
Telephone : 212 689-2200
Facsimile : 212 448-8981
Legal Form : Limited Liability Company
Website : www.covington-industries.
@rating Opinion :
Business Activity : Covington Holdings, LLC manufactures broad woven fabric, cotton, and
upholstery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 65
NOTE TO CLIENT
Contact person: Christoper Conlon, CFO.
Mr. Conlon provided very general information about the Subject, he declined to confirm the provided banking information, or provide trade references and financial information.
He declined to provide the name of the President of the company.
LEGAL
Legal Form : Limited Liability Company
Since (D/M/Y) : 22/12/2005
State/Province of Incorporation : GA
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is registered in the state of Georgia:
COVINGTON HOLDINGS, LLC
Limited Liability Company - Domestic
Control No.: 0601202
Status: Active/Owes
Current Year AR
Entity Creation Date : 12/22/2005
Jurisdiction : GA
Principal Office Address : 386 PARK AVE SOUTH STE 1800, NEW YORK NY 10016
Last Annual Registration Filed Date : 8/1/2006
Last Annual Registration Filed : 2006
Registered
Agent
Agent Name : EDMOND G FISHER III
Office Address : 1776 PEACHTREE ST #220 SOUTH, ATLANTA GA 30309
Agent County : FULTON
The
Company is qualified in the state of New York:
Selected Entity Name : COVINGTON HOLDINGS, LLC
Selected Entity Status Information Current Entity Name : COVINGTON HOLDINGS, LLC
Initial DOS Filing Date : JANUARY 27, 2006
County : NEW YORK
Jurisdiction : GEORGIA
Entity Type : FOREIGN LIMITED LIABILITY COMPANY
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
COVINGTON HOLDINGS, LLC
1776 PEACHTREE STREET
#220 SOUTH
ATLANTA, GEORGIA, 30309
Registered Agent
NONE
NOTE: New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Christoper Conlon Chief Financial Officer
Mr. James Sullivan Controller
AFFILIATED ENTITIES
As far as could be determined, there are no known affiliates or subsidiaries.
BANKS
HSBC
452 5th Ave
New York NY 10018
Telephone: 212 525-5000
Facsimile: 716 730-3083
Account Number:
Account Manager:
We have sent a fax to the bank. We will update the report as soon as we recieve a response from the bank.
PAYMENT HISTORY
No payment history found under the provided name. Mr. Conlon declined to provide trade references for the Company.
FINANCIAL INFORMATION
Mr. Conlon declined to provide financial information for the Company.
CURRENT OPERATIONS
NAICS Code: 3132 Fabric Mills
NAICS Code: 337121 Upholstered Household Furniture Manufacturing
Number of Employees: 65
Business Activity
Covington Holdings, LLC manufactures broad woven fabric, cotton, and upholstery.
The Company is an independent manufacturer of printed and woven home furnishings fabrics, to include bedspreads, draperies, shower curtains, table top treatments and other home accessories.
The above address is the headquarters address. The property is leased.
The Company operates two separate showrooms - one in High Point, North Carolina and another in Spartanburg, South Carolina.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
Covington Holdings, LLC is a relatively new family-owned company which manufactures upholstery for home furnishings. No payment history were found and trade references were not supplied by management. There were no legal or bankruptcy filings found.
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/normal. |
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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