MIRA
INFORM REPORT
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Report Date : |
09.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NEEMA CLOTHING,
LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31/10/1991 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer and
distributor of men's apparel. |
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 : |
Slow but correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: NEEMA
CLOTHING, LTD
Trade Name(s): --
Address:
13 FLOOR
City:
State/Province:
Zip Code: 10022
Country: UNITED
STATES
Telephone: 212
765-2802
Facsimile: 212
765- 2769
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
80
Legal Form: Limited
Company
Website: www.neema.com
Business Activity: The Company is an importer and
distributor of men's apparel.
NOTE TO CLIENT
PLEASE NOTE:
The address inquired
1350 AVENUE OF THE AMERICAS is an old address.
The Company moved to its current location as reported above in October
2006.
LEGAL
Legal Form: Limited
Company
Since (D/M/Y): 31/10/1991
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity
Name: NEEMA CLOTHING, LTD.
Initial DOS Filing
Date: OCTOBER 31, 1991
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)
C/O MICHAEL
HIRSCHBERG, ESQ.
KATTEN MUCHIN
ROSENMAN LLP
Principal Executive Office
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Registered Agent
NONE
NOTE:
--
NEEMA CLOTHING, LTD.
is qualified to conduct business in
--
The Subject has a
fictitious name under the following registration:
Business Name:
Address:
County: HARALSON
Phone: 770-537-2334
Primary SIC Code:
999977 NONCLASSIFIED ESTABLISHMENTS
Identification
Number: 85|4115021
Filing Date:
09/05/2002
Owner:
Managers/Key
Personnel
Mr. James J.
Ammeen President & CEO
Mr. Neil
Goldberg Chief Financial Officer
Mr. Michael
Hershburg- Secretary &
Legal Representative
Mr. Jeffrey Ammeen Chief Operating Officer
Divisions
BREMAN TROUSERS UNITED STATES
Other Affiliates
Neema & Company
NC
UNITED STATES
BANKS
CITIBANK
Telephone:
212-663-1400
Facsimile:
210-357-8760
Account Number:
Account Manager:
The primary bank
would not release account information without authorization. Mr. Neil Goldberg,
CFO, declined to provide this authorization.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 15500
1800 100 0 0
0 0 CUST 16 YR
APPAREL
07-05 07-04 CIA 11500 0
0 0 0
0 0
FACTOR
07-03 00-00 VARIED 0 0
0 0 0
0 0
AIR TRANS
06-11 00-00 NET 30 700 0
0 0 0
0 0 CUST
2 YR
BUS SERVCS 06-09 06-09 NET 30 0
0 0
0 0 0 0
COMPUTERS
07-01 05-05 CREDIT 0 0
0 0 0
0 0 ACCTCLOSED
FACTOR
05-01 01-07 NET 30 0 0
0 0 0
0 0 CUST
4 YR
CURRENT QUARTER 27000 1800
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070500
0 6 13
13300 14
86 0 0 0
20070400
0 6 0 1800 100 0
0 0 0
20070300
0 6 2 3700 87
13 0 0 0
20070200
0 6 2 3800 86
14 0 0 0
20070100
0 8 2 3800 86
14 0 0 0
20061200
0 7 5 3500 65
35 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 2 3100 89
11 0 0 0
Fourth
2006 49 7600 39
17 0 0 44
Third
2006 8 10600 44
56 0 0 0
Second
2006 0 5600 99
1 0 0 0
First
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Mr. Neil Goldberg,
Chief Financial Officer, confirmed general business information and stated that
annual sales are between $50-100 million US Dollars. Mr. Goldberg declined to
share financial statements of the company.
HISTORY
The Subject was
incorporated in 1991. The Company purchased Bremen Trousers, Inc. which now
serves as a distribution center. Other smaller companies were purchases within
the past several years.
CURRENT OPERATIONS
NAICS Code: 42232
Men's and Boys' Clothing and Furnishings Wholesale
SIC Code: 5136
Number of
Employees: 80
Business Activity:
The Company is an
importer and distributor of men's apparel.
The Firm is a
manufacturer and distributor of suits, separates, sport coats, trousers and
tuxedos. Distribution is throughout the
PUBLIC RECORD
We found no evidence
of bankruptcy filed in the Subject's name.
Name Searched: NEEMA
CLOTHING LTD.
Defendant Counsel:
UNKNOWN
Defendant: NEEMA
CLOTHING LTD
Plaintiff Counsel:
FRANK FRANK BERGER & GOLDSTEIN
460 PARK AVENUE
SOUTH - 4TH FL
212 686-0100
Plaintiff: GRUNER
& COMPANY INC
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Name Searched: NEEMA
CLOTHING LTD.
Amount: $ 1,038.49
Attorney For
Creditor: SALAS, SIMON
Creditor: NYC
DEPARTMENT OF FINANCE
Debtors: NEEMA
CLOTHING LTD
1350 AVE OF
Docket Date: 02/25/2002
Docket Type: NY CITY
TAX WARRANT
Lien Type: JUDGMENTS
DOCKET
Transaction Number:
31001507950
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
NEEMA CLOTHING, LTD.
Secured Parties: THE
CIT GROUP/COMMERCIAL SERVICES, INC.
Filing Date:
11/24/2003
Filing Number:
0311241895247
Filing Type:
AMENDMENT
Original Filing
Number: 01121130
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Name Searched: NEEMA
CLOTHING LTD.
Amount: $ 1,038
Attorney: SALAS
SIMON
Creditor: NYC
DEPARTMENT OF FINANCE
Debtors: NEEMA
CLOTHING LTD
1350 AVENUE OF THE
Docket Number:
001507950
Filing Date:
2/25/2002
Type: JUDGMENT
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Secured Parties:
BENORA CLOTHING, INC.
Filing Date:
3/3/2004
Filing Number:
0403030225224
Filing Type: INITIAL
FILING
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Secured Parties:
BENORA CLOTHING, INC.
Filing Date:
3/3/2004
Filing Number:
0403030225248
Filing Type: INITIAL
FILING
Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
NEEMA CLOTHING, LTD.
NEEMA CLOTHING, LTD.
Secured Parties: THE
CI
Filing Date: 1/30/2006
Filing Number:
0601305099734
Filing Type:
CONTINUATION
Original Filing
Number: 01121130
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
Secured Parties: THE
CIT GROUP/COMMERCIAL SERVICES, INC.
Filing Date:
6/22/2001
Filing Number:
01121130
Filing Type: INITIAL
FILING
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING LTD.
1350 AVENUE OF THE
Secured Parties:
BRIAN LIPMAN
Filing Date:
3/4/2004
Filing Number:
0403040227321
Filing Type: INITIAL
FILING
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Secured Parties: BENORA
CLOTHING, INC. ORAB, LLC
Filing Date:
5/21/2004
Filing Number:
0405210533128
Filing Type:
AMENDMENT
Original Filing
Number: 0403030225248
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Secured Parties:
BENORA CLOTHING, INC. ORAB, INC.
Filing Date:
5/21/2004
Filing Number:
0405210533154
Filing Type:
AMENDMENT
Original Filing
Number: 0403030225224
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING LTD
1350 AVENUE OF THE
Secured Parties:
CANON FINANCIAL SERVICES
Filing Date:
1/4/2007
Filing Number:
0701045018767
Filing Type: INITIAL
FILING
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Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING LTD
1350 AVENUE OF THE
Secured Parties:
PREMIER INTERNATIONAL, LLC
Filing Date:
3/4/2004
Filing Number:
0403040227345
Filing Type: INITIAL
FILING
--
Name Searched: NEEMA
CLOTHING LTD.
Debtor Address:
NEEMA CLOTHING, LTD.
1350 AVENUE OF THE
Secured Parties: THE
CIT GROUP/COMMERCIAL SERVICES, INC.
Filing Date:
11/18/2003
Filing Number:
0311181869934
Filing Type: INITIAL
FILING
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GENERAL COMMENTS
The Company is an established,
and growing, distributor and importer of men's clothing. The payment record
shows some slowness but is generally satisfactory. No derogatory information
was reported or noted. The Company is considered responsible for 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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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%)