MIRA INFORM REPORT

 

 

Report Date :

17th February, 2007

 

IDENTIFICATION DETAILS

 

Name :

C.D.S. INC.

 

 

Registered Office :

27 West 24th Street, Suite 1102, New York, New York 10010, United States

 

 

Country :

United States

 

 

Date of Incorporation :

14/11/1994

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Provides specialized software applications technology to the following industries: Modelling, Artist Management and Production Companies.

 

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 :

Usually Correct

 

 

Litigation :

Clear

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : C.D.S. INC.

Address                        : 27 WEST 24TH STREET, SUITE 1102

City                              : NEW YORK

State/Province               : NEW YORK                             

Zip Code                       : 10010                       

Country                         : UNITED STATES               

Telephone                     : 212 206-7781                 

Facsimile                      : 212 206-7785

Legal Form                    : Corporation - Private

Website                        : www.cds-ny.com

@rating Opinion :

Business Activity           : CDS Inc., provides specialized software applications technology to the following

                                      industries: Modeling, Artist Management and Production Companies.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

Contact Person  : Mr. David Hermandez

Position                        : Financial Controller

 

Mr. David Hermandez provided general information, however he deferred all financial details citing company policy.

 

Other information in the report was obtained from the Company's website.

 

No number of employees was not obtained.

 

Amount Requested        :           2,000     

Amount Advised :              2,000

The amounts requested and advised are expressed in:   USD

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 14/11/1994

State/Province of Incorporation    : DE

Status                                       : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Company is incorporated in Delaware under the following registration:

 

THIS IS NOT A STATEMENT OF GOOD STANDING

File Number                   : 2452071

Incorporation Date

/ Formation Date            : 11/14/1994

Entity Name                  : C.D.S. INC.

Entity Kind                    : CORPORATION

Entity Type                    : GENERAL

Residency                     : DOMESTIC

State                            : DE

 

REGISTERED AGENT INFORMATION

 

Name                : THE CORPORATION TRUST COMPANY

Address            : CORPORATION TRUST CENTER 1209 ORANGE STREET

City                  : WILMINGTON

County              : NEW CASTLE

State                : DE

Postal Code      : 19801

Phone               : (302)658-7581

 

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The Company is authorized to conduct business in New York under the following registration:

 

Selected Entity Name: C.D.S. INC.

Selected Entity Status Information: Current

Entity Name                  : C.D..S. INC.

Initial DOS Filing Date    : MAY 08, 1995

County                          : NEW YORK

Jurisdiction                    : DELAWARE

Entity Type                    : FOREIGN BUSINESS CORPORATION

Current Entity Status      : ACTIVE

 

Selected Entity Address Information DOS Process

(Address to which DOS will mail process if accepted on behalf of the entity)

C/O C T CORPORATION SYSTEM

111 EIGHTH AVENUE

NEW YORK, NEW YORK, 10011

Registered Agent

C T CORPORATION SYSTEM

111 EIGHTH AVENUE

NEW YORK, NEW YORK, 10011

 

NOTE: New York State does not issue organizational identification numbers.

 

 

Managers/Key Personnel

 

Mr. Bradley Zetler                                  President

Mr. Jerome Marechaux                           Director

Mr. David Hermandez                             Controller

 

 

AFFILIATED ENTITIES

 

As far as can be determined the Subject does not have any affiliated entities.

 

 

 

BANKS

 

Citibank

1107 Broadway

New York                           NY       10010

Telephone                     : 212 645-3200

Facsimile                      : 212 253-0712

Account Number            : 51492957

Account Manager:

The above bank requires a signed authorization.

A written request has been sent via facsimile to Management.

After signature, another fax will be send to the bank.

An update will be provided when a response is received.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  06-12 06-12 0000000 1300     500      100 0   0   0   0   CUST 11 YR

 COMPUTERS  07-01 04-10 CREDIT  7500     0        0   0   0   0   0

 

 FINCL SVCS 06-12 00-00 0000000 0        0        0   0   0   0   0   SATSFTRY

 OFFC SUPPL 07-01 02-07 CREDIT  3000     400      100 0   0   0   0   ACCTCLOSED

 AIR TRANS  05-12 00-00 NET 30  0        0        0   0   0   0   0   CUST  4 YR

 COMPUTERS  04-02 00-00 NET 30  0        0        0   0   0   0   0

 LEASING    05-05 00-00 CONTRCT 3200     0        0   0   0   0   0   CUST  2 YR

 CURRENT QUARTER                11800    900      100 0   0   0   0

 

 Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20070100  0      7         0            1700     100 0   0   0   0

 20061200  0      7         0            1200     100 0   0   0   0

 20061100  0      6         0            1400     100 0   0   0   0

 20061000  0      7         0            1600     100 0   0   0   0

 20060900  0      7         3            1800     81  19  0   0   0

 20060800  0      21        0            2900     100 0   0   0   0

 

 Payment History - Quarterly Averages

 

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 Fourth   2006              0            800      100 0   0   0   0

 Third    2006              1            1500     93  7   0   0   0

 Second   2006              0            600      100 0   0   0   0

 First    2006              0            500      100 0   0   0   0

 Fourth   2005              0            800      100 0   0   0   0

 

 

FINANCIAL INFORMATION

 

Mr. David Hermandez declined all financial details and outside sources failed to add any insight into the condition of the firm.

 

 

CURRENT OPERATIONS

 

NAICS Code:   334611    Software Reproducing

SIC Code:     7372

 

 

Business Activity

 

CDS Inc., provides specialized software applications technology to the following industries: Modeling, Artist Management and Production Companies.

 

CDS Inc products and services include: software for scheduling, imaging, portfolio tracking, accounting, website applications, website hosting and design, e-mail administration and production.

 

The Company's headquarters is located at the above address.  There are branch facilities located at the following addresses:

 

Europe CDs Paris

10 rue du Mail

75002 Paris

Tel                    : +33.1.42.21.92.10

Fax                   : +33.1.42.21.92.12

E-mail               : cds@cds-paris.com

--------------------------------------------------------------

CDs London

6 Wenham House

SW8 4DY, London

Te                     : +44 797 099 8001

Fax                   : +33.1.42.21.92.12

E-mail               : cds@cds-london.com

----------------------------------------------------------------------

Africa

CDs Cape Town

Satbel Centre, 2 De Smidt St

Green Point, 8005, South Africa

Tel                    : +27 21 425 6001

Fax                   : +27 21 425 6004

E-mail               : cds@cds-capetown.com

--------------------------------------------------------------------

Asia

CDs Shanghai

Apartment 2805 Chang Feng Building

1277 Ding Xi Road, Chang Ning District

Shanghai 200052

Tel                    : +86 21 6240 9108

Mobile               : +86 135 64 68 33 47

Mobile (Int.)       : +33 6 80 01 38 84

Fax                   : +33.1.42.21.92.12

E-mail               : cds@cds-shanghai.com

-------------------------------------------------------------------

Oceania

CDs Sydney

Tel                    : +33 6 80 01 38 84

Fax                   : +33.1.42.21.92.12

E-mail               : cds@cds-sydney.com

 

 

TRADE REFERENCES

 

Each Company has been contacted; however, if often takes a few days before a response is received.  Additional information received will be forwarded at that time.

 

Trade References:

 

DI Blain &  Co. LLC

Telphone: 252 633-0107

 

Comment:

 

 

---------------------------------------------------

JH Management

420 Lexington Avenue Suite 321

New York, NY 10170

 

Telephone: 212 661-6805 X21

Fax:       212 661-6240

Contact:   Bill Cummings

Comments:

 

 

PUBLIC RECORD

 

There were no legal filings against the Company.

 

A search of bankruptcy courts revealed no record of a Company by this name filing for bankruptcy.

 

 

GENERAL COMMENTS

 

CDS INC., provides softwares and services for the fashion industry.  The Company's payment are considered to be generally satisfactory.  A nationwide search of public records revealed no litigation taken against the Company; however, there was no bankruptcy petition filed against the Company.


 

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions