MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
JAYSIX USA INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28/02/2001 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Shirt and fabric
manufacturer. |
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: JAYSIX
USA INC.
Trade Name(s): Vluxe,Haspel,
Address:
SUITE C 102A
City:
State/Province:
Zip Code: 22408
Country: UNITED
STATES
Telephone: 540
372 6450
Facsimile: 540
372 6548
As of: 31/12/2006
Sales /
Revenue: 6,100
Net Income:
Total Equity:
Number of Employees:
8
Legal Form: Corporation
- Private
Website: www.tattersal.com
Business Activity: The Company is a shirt and fabric manufacturer.
NOTE TO CLIENT
Person Contacted:
Mr. Guy Prud'homme, President
Management provided
annual sales, net income and asked for a written request for additional
financial information. If a response is received, the report will be amended.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 28/02/2001
State/Province of
Incorporation: VA
Status: ACTIVE
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
Virginia
Registration:
DATE OF
CERTIFICATE: 02/28/2001
STATE OF
STOCK
INDICATOR: S STOCK
MERGER
GOOD STANDING
CHARTER FEE: 50.00
R/A NAME: PAUL A SIMPSON
CITY:
STATE : VA
ZIP: 22401 5720
R/A STATUS: A
ATTORNEY EFF. DATE: 02/28/01
LOC.: 206
ACCEPTED AR#: 207 10
1752 DATE: 01/26/07
CURRENT AR#: 207 10
1752 DATE: 01/26/07 STATUS: A
ASSESSMENT
INDICATOR: 0
SHARES
07
100.00 5,000
Managers/Key
Personnel
Mr. Guy
Prud'homme President
AFFILIATED ENTITIES
Management confirmed
no affiliates or subsidiaries exist.
BANKS
Branch Banking and
Trust Company
Telephone:
1-800-226-5228
Facsimile:
Account Number:
5133740092
Account Manager:
The bank declined to
provide any information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
PACKAGING
07-07 00-00 NET 30 400 0
0 0 0
0 0 CUST
4 YR
TEMP HELP
07-06 00-00 NET 7 700 0
0 0 0
0 0
UTILITY
07-06 07-06 NET 500 100
100 0 0 0
0 PROMPT
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
FACTOR
05-05 05-01 VARIED 200 0
0 0 0
0 0
LEASING
05-10 00-00 CONTRCT 1100
0 0 0
0 0 0
TRANSPORTN 06-08 00-00 NET 30 0
0 0 0
0 0 0
CUST < 1 Y
CURRENT QUARTER 1600 100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070700
0 6 0 300 100 0
0 0 0
20070600
0 6 0 100 100 0
0 0 0
20070500
0 6 5 300 65
35 0 0 0
20070400
0 6 0 300 100 0
0 0 0
20070300
0 6 0 0 0
0 0 0 0
20070200
0 6 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 3 200 83
17 0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 4 800 72
28 0 0 0
Third
2006 2 700 86
14 0 0 0
Second
2006 0 100 100 0
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 6,100 - -
Income before
Taxes 305 - -
CURRENT OPERATIONS
NAICS Code: 315223
Men's and Boys' Cut and Sew Shirt (except Work Shi
SIC Code: 2321
Number of Employees
: 8
Business Activity:
The Company is a shirt
and fabric manufacturer.
According to
management, the Company manufactures dress shirts for men and boys. The website
given is a fabric selling website.
Management confirmed
this is the sole location.
PUBLIC RECORD
Name Searched:
JAYSIX USA INC.
Debtor Address:
JAYSIX USA INC
Secured Parties:
BRANCH BANKING AND TRUST COMPANY OF VA
Filing Date:
4/11/2006
Filing Number:
060411 71278
Filing Type: INITIAL
FILING
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Name Searched:
JAYSIX USA INC.
Debtor Address:
JAYSIX USA, INC.
Secured Parties:
CAPITAL FACTORS, INC. CFH ACQUISITION LLC (ASSIGNEE)
Filing Date:
5/4/2005
Filing Number:
050504 71968
Filing Type:
ASSIGNMENT
Original Filing
Number: 021010 72968
GENERAL COMMENTS
The Company incorporated
in 2201 operates as a shirt and fabric manufacturer. They have a solid payment history and no
derogatory information or bankruptcies were found in the Company's name.
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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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%)