MIRA
INFORM REPORT
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Report Date : |
27.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
CIRCA 2000 BY MIKE ZACK INC |
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Registered Office : |
5800 Legacy Suite C5, Plano, Texas 75024 |
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Country : |
United States |
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Date of Incorporation : |
04/05/1998 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Men's clothing retail store. |
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : CIRCA 2000 BY MIKE ZACK INC
Address : 5800 LEGACY SUITE C5
City : PLANO
State/Province : TEXAS
Zip Code : 75024
Country : UNITED STATES
Telephone : 972 673-0920
Facsimile : 972 673-0569
As of : --
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 8
Legal Form : Corporation - Private
Website : Not Available
Business Activity : The Subject is a men's clothing retail store.
NOTE TO CLIENT
Person contacted: Mr. Mike Zack, President.
NOTE: Mr. Zack confirmed very general information but declined to discuss bank, financial, and other information he deemed private.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 04/05/1998
State/Province of Incorporation : TX
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
Company Information: CIRCA 2000 BY MIKE ZACK INC
5800 LEGACY DR # C-5
PLANO, TX 75024-7100
Status: IN GOOD STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through Ma
15, 2007
Registered Agent: MIKE ZACK
7109 BLUEFIELD
DALLAS, TX 75248
Registered Agent Resignation Date:
State of Incorporation: TX
File Number: 0148910400
Charter/COA Date: May 4, 1998
Charter/COA Type: Charter
Taxpayer Number: 32000652100
Managers/Key
Personnel
MR. MICHAEL ZACK President
AFFILIATED ENTITIES
There are no affiliated businesses at this time.
BANKS
TX
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank details were not provided.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-02 00-00 NET 30 0
0 0 0 0 0 0
CUST 4 YR
FACTOR
06-11 05-09 NET 30 700 0
0 0 0 0 0
FACTOR
06-12 00-00 VARIED 28500 5700
82 0 0 0 18
FACTOR
07-01 07-01 NET 60 9400 2600
77 23 0 0 0
GENERAL
07-02 00-00 VARIED 1300 100
0 0 0 100 0
NEWSPAPERS 06-12 06-12 NET 30 2200
0 0 0
0 0 0
TELECOM
07-02 00-00 NET 30 100 100
100 0 0 0
0
BUS SERVCS 05-03 00-00 VARIED 0
0 0 0
0 0 0
FACTOR
05-05 05-05 VARIED 8800 5100
77 23 0 0 0
21 DYS LAT
CURRENT QUARTER 42200
8500 80 7
0 1 12
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200
0 11 14 8500 80 7
1 0 12
20070100
0 9 12 10400 77 13
0 0 10
20061200
0 8 12 18900 31 63
6 0 0
20061100
0 7 3 25900 82 18
0 0 0
20061000
0 7 3 21200 80 20
0 0 0
20060900
0 7 5 12400 69 31 0 0
0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 8 17500 64 32 2
0 2
Third
2006 5 15300 68 30 2
0 0
Second
2006 3 13100 77 23 0
0 0
First
2006 1 14100 95 5 0
0 0
Fourth
2005 19 17200 43 25 29
3 0
FINANCIAL INFORMATION
Mr. Zack stated that sales are in the $1 - $5 million range but declined to provide any further information.
CURRENT OPERATIONS
NAICS Code: 44811 Men's Clothing Stores
SIC Code: 5611
Number of Employees: 8
Business Activity:
The Subject is a men's clothing retail store.
The Subject is a retail store selling men's fine apparel and accessories. Products include casual and dress fashions by such names as Zanella, Jhane Barnes, Tommy Bahama, Nat Nast, Tallia, Ike Behar and much more.
There are no branch locations at this time.
PUBLIC RECORD
We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings.
GENERAL COMMENTS
The Subject was incorporated in 1998. The payment history of the Company shows some slowness that may be attributed to disputes. 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%)
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