MIRA INFORM REPORT

 

 

Report Date :

27.02.2007

 

IDENTIFICATION DETAILS

 

Name :

BAMA OF 5TH AVENUE, INC

 

 

Registered Office :

551 5th Avenue, New York 10176                       

 

 

Country :

United States               

 

 

Date of Incorporation :

12/08/1993

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Retailer of men's apparel and accessories.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : BAMA OF 5TH AVENUE, INC

Trade Name(s)               : DINO BALDINI

Address                        : 551 5TH AVENUE

City                              : NEW YORK

State/Province               : NEW YORK                             

Zip Code                       : 10176                       

Country                         : UNITED STATES               

Telephone                     : 212 599-1800                

Facsimile                      : 212 286-8528                

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

Number of Employees    : 12  

Legal Form                    : Corporation - Private

Website                        : N/A

Business Activity           : The Firm is a retailer of men's apparel and accessories.

 

 

NOTE TO CLIENT

 

Person Contacted: Mr. Arman Mehrara, President.

 

NOTE: The provided name; DINO BALDINI is a trade style for the Firm known as BAMA OF 5TH AVENUE, INC.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 12/08/1993

State/Province of Incorporation    : NY

Status                                       : ACTIVE

Previous Legal Form                   :

 

Company is NOT required to publish an annual financial report.

 

The Firm is incorporated in New York under the following:

 

Current Entity Name:     BAMA OF 5TH AVENUE, INC.

Initial DOS Filing Date:  AUGUST 12, 1993

County:                         NEW YORK

Jurisdiction:                   NEW YORK

Entity Type:                   DOMESTIC BUSINESS CORPORATION

Current Entity Status:    ACTIVE

 

Selected Entity Address Information DOS Process

DINO BALDINI

551 FIFTH AVE

NEW YORK, NEW YORK, 10176

Principal Executive Office

ARMAN MEHRARA

551 FIFTH AVE

NEW YORK, NEW YORK, 10176

Registered Agent:         NONE

 

 

Managers/Key Personnel

 

Mr. Arman Mehrara                      President

 

 

AFFILIATED ENTITIES

 

There are no affiliates or subsidiaries at this time.

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Management declined to provide the name of the Firm's primary bank and outside sources provided no additional information.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  06-11 00-00 NET 30  100      0        0   0   0   0   0   CUST  3 YR

 OFFC SUPPL 07-01 00-00 CREDIT  1400     0        0   0   0   0   0

 

 AIR TRANS  05-09 05-09         100      0        0   0   0   0   0

 GENERAL    05-01 04-05 NET 30  100      0        0   0   0   0   0   CUST  2 YR

 CURRENT QUARTER                1500     0        0   0   0   0   0

 

 

FINANCIAL INFORMATION

 

Mr. Mehrara declined to provide financial statements, however stated the Firm has annual sales in the US$ 2-5 million range.

 

 

CURRENT OPERATIONS

 

NAICS Code:   448       Clothing and Clothing Accessories Stores

 

Number of Employees:              12  

 

 

Business Activity:

The Firm is a retailer of men's apparel and accessories.

 

The Firm offers a wide variety of men's formal attire and accessories, specializing in Italian wear. The Firm also offers accessories such as: cuff links, watches, socks, ties, belts, rings, shoes and other related items. The Firm also provides tailoring services. The Firm targets men between the ages of 21-50.

 

The heading address is the Firm's sole location and consists of 4,000 square feet of leased retail and office space.

 

 

PUBLIC RECORD

 

Name Searched: BAMA OF 5TH AVENUE

Amount: $ 1,796

Creditor: NYS TAX COMMISSION

BROOKLYN, NY 11217-1579

Debtors: BAMA OF 5TH AVENUE INC

551 5TH AV

NEW YORK, NY 10176-0001

Docket Number: 2221447

Filing Date: 1/11/2007

Type: STATE TAX LIEN

-

Name Searched: BAMA OF 5TH AVENUE

Amount: $ 5,473

Creditor: NYS TAX COMMISSION

BROOKLYN, NY 11217-1579

Debtors: BAMA OF 5TH AVENUE INC

530 7TH AV

NEW YORK, NY 10018-4804

Docket Number: 2106119

Filing Date: 3/14/2006

Type: STATE TAX LIEN

-

No bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public. The status is uncertain as no further information is currently available.

 

 

GENERAL COMMENTS

 

The Firm is a well established retailer of men's apparel and accessories. The payment record is satisfactory. No bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public records. The status is uncertain as no further information is currently available. The Firm is considered responsible for normal trade relations.

 

 

 

 

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