MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AT LAST
SPORTSWEAR, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04/04/1980 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Designs,
manufactures and distributes women's and children's clothing. |
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 : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: AT
LAST SPORTSWEAR, INC.
Address:
City: SECAUCUS
State/Province: NEW
Zip Code: 07094
Country: UNITED
STATES
Telephone: 201-867-8500
Facsimile: 201-867-8541
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
115
Legal Form: Corporation
- Private
Website: www.atlast.us
Business Activity: The Company designs, manufactures and
distributes women's and children's clothing.
Their major
markets are in Europe and the
NOTE TO CLIENT
NOTE: The subsequent
report is on the first provided name: AT LAST SPORTSWEAR, INC. We cannot
comment with respect to the second provided name since an interview with
Management was declined. Mr. Steven
Shahami, Controller, whom we were told is the sole person authorized to
disclose general information regarding the Company, declined to provide any
information. Therefore, general information contained in this report cannot be
substantiated.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 04/04/1980
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in
Current Entity Name:
AT LAST SPORTSWEAR, INC.
Initial DOS Filing
Date: APRIL 04, 1980
County:
Jurisdiction:
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)
AT LAST SPORTSWEAR,
INC.
SUNIL AHUJA
SECAUCUS, NEW
Chairman or Chief Executive Officer
SUNIL AHUJA
SECAUCUS, NEW
Principal Executive Office
AT LAST SPORTSWEAR,
INC.
SECAUCUS, NEW
Registered Agent
NONE
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The Company is
qualified to do business in the state of
Managers/Key
Personnel
Mr. Steven
Shahami Controller
Mr. Ira Roth President
Mr. Sunil Ahuja Chief Executive Officer
AFFILIATED ENTITIES
As far as could be determined,
there are no affiliates or subsidiaries.
BANKS
NJ
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide the name of the Company's primary bank.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 8700
8700 100 0 0
0 0 CUST 20 YR
BUS SERVCS 07-05 00-00 NET 7 1400
300 47 0
51 2 0
FACTOR
07-03 00-00 NET 30 0 0
0 0 0
0 0
FACTOR
07-03 00-00 VARIED 0 0
0 0 0
0 0
FACTOR
07-04 06-12 NET 60 800 0
0 0 0
0 0
FREIGHT
07-04 06-11 VARIED 1700 0
0 0 0
0 0
PACKAGING
07-05 05-11 NET 30 0 0
0 0 0
0 0 CUST
4 YR
TRANSPORTN 07-05 00-00 VARIED 0
0 0 0
0 0 0
CUST 7 YR
TRUCK DLR
07-05 00-00 CONTRCT 8200
500 0 0
100 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST 10 YR
CELLUL/PAG 04-07 04-06 NET 30 100
100 100 0 0
0 0 CUST
5 YR
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
07-01 00-00 CREDIT 10000 400
100 0 0 0 0
COMPUTERS
06-06 06-04 0000000 4500
0 0 0
0 0 0
FACTOR
05-05 00-00 NET 30 4300 900
0 0 100 0
0
FACTOR
06-09 00-00 NET 30 0 0
0 0 0
0 0
FACTOR
05-05 04-05 VARIED 0 0
0 0 0
0 0
FREIGHT
06-04 02-12 VARIED 700 700
100 0 0 0 0
FREIGHT
06-06 04-04 NET 15 14400 0 0
0 0 0 0
LEASING
05-01 05-01 NOTE 11600 6200
100 0 0 0 0
LEASING
06-06 00-00 CONTRCT 12900
2000 100 0 0
0 0
MISC MANUF 06-07 06-07 VARIED 300
300 100 0 0
0 0
TELECOM
05-07 05-05 NET 30 0 0
0 0 0
0 0 CUST
2 YR
TELECOM
04-07 00-00 NET 15 2100 2000
100 0 0 0 0
TRANSPORTN 05-12 00-00 NET 15 0
0 0 0
0 0 0
ACCTCLOSED
CURRENT QUARTER 20800 9500
93 0 7
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070500
0 6 5 10500 85
5 10 0 0
20070400
0 6 0 9900 99
1 0 0 0
20070300
0 6 0 7600 100 0
0 0 0
20070200
0 6 1 7900 98
0 2 0 0
20070100
0 8 2 8400 96
0 4 0 0
20061200
0 7 0 7200 98
2 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 1 8500 98
1 1 0 0
Fourth
2006 3 9400 85
14 1 0 0
Third
2006 4 12800 75
23 2 0 0
Second
2006 2 9400 91
7 2 0 0
First
2006 3 7500 78
22 0 0 0
FINANCIAL INFORMATION
Management declined
to provide any financial information. Outside sources indicate an annual net
sales figure of US$21,400,000.
CURRENT OPERATIONS
NAICS Code: 4481
Clothing Stores
Number of
Employees: 115
Business Activity:
The Company designs,
manufactures and distributes women's and children's clothing. Their major
markets are in Europe and the
Clients include
WalMart, Kohl's, JC Penney, Sears Holding, Mervyn's, Cato Corp., Charming
Shops, Lane Bryan, and other department stores.
The heading address
is the Company's headquarters where it oversees day-to-day operations. We could
not ascertain whether the facility is owned or leased nor the square footage of
the space. The Company's website reports an additional location which operates
as the Subject's showroom in
PUBLIC RECORD
The following legal
action was filed against the Company:
Name Searched: AT
LAST SPORTSWEAR INC.
Case Type: CONTRACT
Date: 3/6/2007
Defendant: AT LAST
SPORTSWEAR INC
Filing Type: CIVIL SUIT
Number: L 002669 07
Plaintiff Counsel:
LICENSE NO:
7323329300
Plaintiff: OXFORD
HEALTH PLANS INC
Status: OPEN
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No bankruptcy
petition was filed by the Subject.
GENERAL COMMENTS
A well-established
Company, the Subject is a well-established designer, manufacturer and
distributor of women's and children's clothing. Payment are considered to be
generally satisfactory and a search of public records found one legal action
filed against the Company the details of which are unknown. A search of
bankruptcy courts returned no derogatory information or record of the Company
filing a bankruptcy petition.
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%)