MIRA INFORM REPORT

 

 

Report Date :

20.06.2007

 

IDENTIFICATION DETAILS

 

Name :

THE COMPANY STORE

 

 

Registered Office :

5022 Hollins Road, Roanoke, Virginia - 24019                       

 

 

Country :

United States                

 

 

Line of Business :

Retail - Books, Sporting Goods, General Merchandise

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

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

No Rating

 

Status :

Undetermined

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            THE COMPANY STORE

Address:                       5022 HOLLINS ROAD

City:                             ROANOKE

State/Province:              VIRGINIA                             

Zip Code:                      24019                       

Country:                                    UNITED STATES               

Telephone:                    N/A                         

Facsimile:                     N/A

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:

Website:                       www.thecompanystore.com

Business Activity:

 

 

NOTE TO CLIENT

 

Person Contacted: Sandra, Legal Department

 

 

IMPERATIVES

 

Regarding request for a repot on The Company Store, located at 5022 Hollins Road, Roanoke, VA 24019.

 

This address was contacted at Tel: 540-561-7857. It was stated by the receptionist that this location is a catalog distributor center and warehouse for " The Company Store". She stated that the catalog " The Company Store"  is owned by the public company; Hanover Direct, Inc. Hanover Direct, Inc. is headquartered in Weehawken, NJ. The Legal Department was contacted who stated that there are several legal entities registered in Delaware under the name; The Company Store (see below), however in addition, Hanover Direct, Inc. also utilizes the name as a DBA.

 

FILE NUMBER              ENTITY NAME

2339001                        THE COMPANY STORE ACQUISITION, INC.

2340019                        THE COMPANY STORE AMERICA INC.

2907899                        THE COMPANY STORE FACTORY, INC.

0849141                        THE COMPANY STORE, INC.

 

In view of the information provided by the legal department, it is uncertain whether a report is desired on one of the legal entities registered under the name The Company Store or Hanover Direct, Inc. DBA: The Company Store.

 

A payment history and public records were not pursued.  This is a full investigation.

 

 

LEGAL

 

Legal Form:

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

 

FINANCIAL INFORMATION

 

No financial information was pursued at this time.

 

 

CURRENT OPERATIONS

 

NAICS Code:   45        Retail - Books, Sporting Goods, General Merchandise

 

 


 

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

 

 

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%)

 

 

 

 

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