MIRA
INFORM REPORT
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Report Date : |
23.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JOSEPH ( |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13/12/1995 |
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Legal Form : |
Private Company |
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Line of Business : |
Retailer of men's
and women'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 : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JOSEPH
(
Trade Name(s): Joseph
Clothing Store
Address:
City:
State/Province:
Zip Code: 10012
Country: UNITED
STATES
Telephone: 212
570-0070
Facsimile: 212
570-0487
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 10
Legal Form: Private
Company
Website: N/A
Opinion: up
to $10,000
Business Activity: Joseph Clothing Store is a retailer of
men's and women's clothing.
NOTE TO CLIENT
Contact person: Mr.
Gart Bruntt an accountant for the Company.
Messages left, were not answered. A Company information sheet was sent
via fax. Any information received will be forwarded accordingly. The
information in the report was retrieved from outside sources and has not been
confirmed.
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Note; the given
address of
Amount
Requested: 100,000
The amounts
requested and advised are expressed in:
EUR
LEGAL
Legal Form: Private
Company
Since (D/M/Y): 13/12/1995
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Registration under
the name JOSEPH (UK) INC.
Entity Name: JOSEPH
(
Filing Date: DECEMBER
13, 1995
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS
CORPORATION
Entity Status: ACTIVE
Address:
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Managers/Key
Personnel
Mr. Michael
Khan Chief
Executive Officer
AFFILIATED ENTITIES
No affiliates were
noted for the Company.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary
bank was declined by management and could not be learned from management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AUTOMOTIVE 07-05 00-00 VARIED 16000
6700 100 0 0
0 0 CUST
4 YR
FINCL SVCS 07-06 07-06 CONTRCT 0 0
0 0 0
0 0 CUST
1 YR
OPTIC SUPL 07-06 00-00 NET 30 0
0 0 0 0 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
CELLUL/PAG 04-07 04-02 NET 30 0
0 0 0
0 0 0
CUST 7 YR
FINCL SVCS 05-10 05-09 CONTRCT 0 0
0 0
0 0 0 CUST 1 YR
NEWSPAPERS 06-11 00-00 NET 30 5300
0 0 0
0 0 0
OFFC SUPPL 06-04 06-01 NET 30 500
0 0 0
0 0 0
CUST 16 YR
PACKAGING
06-01 01-12 NET 30 0 0
0 0 0
0 0
CURRENT QUARTER 16000 6700
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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-------- --- --- --- --- ---
20070600
0 6 0 6700 100 0
0 0 0
20070500
0 6 0 7200 100 0
0 0 0
20070400
0 13 0 7600 100 0
0 0 0
20070300
0 13 0 8100 100 0
0 0 0
20070200
0 11 0 8500 100 0
0 0 0
20070100
0 6 0 9000 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 8100 100 0
0 0 0
Fourth
2006 0 9500 100 0
0 0 0
Third
2006 0 11100 100 0
0 0 0
Second
2006 0 12300 100 0
0 0 0
First
2006 0 13600 100 0
0 0 0
FINANCIAL INFORMATION
No financial
information could be obtained for this firm either directly from management or
from outside sources consulted.
CURRENT OPERATIONS
NAICS Code: 4481
Clothing Stores
Number of
Employees: 10
Business Activity:
Joseph Clothing
Store is a retailer of men's and women's clothing.
The above address is
the headquarters. The Company has one other location at
GENERAL COMMENTS
The Company is a
retailer of clothing. The Company is not a large seeker of trade credit and as
such, a payment record was limited for the last two years. Financial
information was not available. No Uniform Commercial Codes, legal filings or
other derogatory information were observed.
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%)