MIRA
INFORM REPORT
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Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
COLLECTION XIIX LTD. |
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Registered Office : |
385 5th Avenue 12th Floor, New York, New York 10016, United States |
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Country : |
United States |
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Date of Incorporation : |
30.12.1982 |
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Legal Form : |
Limited Company |
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Line of Business : |
Designer and Manufacturer of accessories for various high-end designer names. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : COLLECTION XIIX LTD.
Address : 385 5TH AVENUE 12TH FLOOR
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10016
Country : UNITED STATES
Telephone : 212 686-8990
Facsimile : 212 683-4789
Legal Form : Limited Company
Website : www.collection18.com (One
@rating Opinion : up to $50,000
Business Activity : The Subject is a designer and manufacturer of accessories for various high-end
designer names.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 35
NOTE TO CLIENT
Provided name : COLLECTION XIIX.
Correct legal name : COLLECTION XIIX LTD.
Contacted Mr. Mitchell Grossman, Chief Financial Officer.
Mr. Grossman provided or confirmed general business information about the Subject. He declined to provide any banking or financial information.
Amount Requested: 50,000
The amounts requested and advised are expressed in: EUR
LEGAL
Legal Form : Limited Company
Since (D/M/Y) : 30/12/1982
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form: Agency
Company is NOT required to publish an annual financial report.
The Company is incorporated is in the State of New York.
Entity Information
Current Entity Name : COLLECTION XIIX LTD.
Initial DOS Filing Date : DECEMBER 30, 1982
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC 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)
REED SMITH
599 LEXINGTON AVE
NEW YORK, NEW YORK, 10022
Principal Executive Office
COLLECTION XIIX LTD.
385 FIFTH AVE
NEW YORK, NEW YORK, 10016
Registered Agent
NONE
Managers/Key Personnel
MR. ANDREW PIZZO Chairman & Chief Executive Officer
MR. MITCHELL GROSSMAN Chief Financial Officer
AFFILIATED ENTITIES
The Company has no affiliates or subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide banking information.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS
06-11 00-00 NET 30 19900 16500
100 0 0 0
0 CUST 8 YR
OFFC SUPPL 07-01 02-05 CREDIT 1500
0 0 0
0 0 0
PACKAGING
07-01 06-11 NET 30 300 0
0 0 0 0 0
CUST 2 YR
FACTOR
04-02 00-00 VARIED 0 0 0 0 0
0 0
FACTOR
05-05 04-09 VARIED 0 0 0 0 0
0 0
FACTOR
06-09 05-10 NET 60 100 0
0 0 0 0 0
FINCL SVCS 04-12 04-12 CONTRCT 38700 0
0 0 0 0 0
ACCTCLOSED
GENERAL
05-02 04-10 NET 60 2200 1700
37 13 21 9 20
CUST 17 YR
LEASING
05-01 05-01 NOTE 10800 3400
100 0 0 0
0
CURRENT QUARTER 21700 16500
100 0 0 0
0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070200
0 10 0 16500 100
0 0
0 0
20070100
0 10 0 16800 100
0 0
0 0
20061200
0 9 0 16500 100
0 0
0 0
20061100
0 8 0 0 0 0
0 0 0
20061000
0 9 0 0 0 0
0 0 0
20060900
0 9 0 200 100
0 0
0 0
Payment History - Quarterly
Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
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--- -------- --- --- ---
--- ---
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
First
2006 5 14000 94 2 0
0 4
Fourth
2005 3 17500 97 0 0
0 3
FINANCIAL INFORMATION
Management declined to provide financial information.
CURRENT OPERATIONS
NAICS Code: 45 Retail - Books, Sporting Goods, General Merchandis
Number of Employees: 35
Business Activity
The Subject is a designer and manufacturer of accessories for various high-end designer names.
The Company outsources its manufacturing.
The heading address is the headquarters of the Subject. The Company also has a warehouse in New Jersey. Both properties are leased.
PUBLIC RECORD
The following UCC and civil filings were found for the Subject:
Name Searched : COLLECTION XIIX
Amount : $ 2,455.69
Creditor : NYC DEPT OF FINANCE
25 ELM PLACE-ROOM 400, BROOKLYN NY 11201
Debtors : COLLECTION XIIX LTD
385 5 AVE, NY NY 10016
Docket Date : 04/12/1990
Docket Type : NY CITY TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31000222592
Name Searched : COLLECTION XIIX
Debtor Address : COLLECTION XIIX, LTD.
385 FIFTH AVENUE, NEW YORK, NY 10016
Secured Parties : CENTURY BUSINESS CREDIT CORPORATION
Filing Date : 10/3/2002
Filing Number : 02224469
Filing Type : INITIAL FILING
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject is a well established designer and manufacturer of accessories for various high-end designer names. The payment history shows the Company has been efficient with its payments. Thus, they are considered to be capable of handling normal business transactions.
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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