MIRA INFORM REPORT

 

 

Report Date :

27.02.2007

 

IDENTIFICATION DETAILS

 

Name :

ESQUIRE CLOTHING INC.

 

 

Registered Office :

3051 Steinway Street, Astoria, New York 11103                       

 

 

Country :

United States                

 

 

Date of Incorporation :

04/10/2002

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Retailer of men's and boy's clothing.

 

 

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 : ESQUIRE CLOTHING INC.

Address                        : 3051 STEINWAY STREET

City                              : ASTORIA

State/Province               : NEW YORK                             

Zip Code                       : 11103                       

Country                         : UNITED STATES                

Telephone                     : 718-204-1800                

Facsimile                      : N/A                            

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

Number of Employees    : 10

Legal Form                    : Corporation - Private

Website                        : No website found.

Business Activity           : The Company is engaged as a retailer of men's and boy's clothing.

 

 

NOTE TO CLIENT

 

PLEASE NOTE:

 

Ordered Name: ESQUIRE

Correct Name: ESQUIRE CLOTHING INC.

 

Mr. Farzan Adhami, President, declined to provide information regarding the Company. Thus, general information contained in this report cannot be substantiated.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                  

Since (D/M/Y)                            : 04/10/2002

State/Province of Incorporation    : NY

Status                                       : ACTIVE

Previous Legal Form                   :

 

Company is NOT required to publish an annual financial report.

 

The Company is incorporated in New York State:

 

ESQUIRE CLOTHING INC.

Initial DOS Filing Date: OCTOBER 04, 2002

County: QUEENS

Jurisdiction: NEW YORK

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)

 

ESQUIRE CLOTHING

30-51 STEINWAY STREET

ASTORIA, NEW YORK, 11103

Chairman or Chief Executive Officer

MR. FARZAN ADHAMI

17 PIPER DRIVE

SEARINGTON, NEW YORK, 11502

Principal Executive Office

ESQUIRE CLOTHING INC.

30-51 STEINWAY STREET

ASTORIA, NEW YORK, 11103

Registered Agent

NONE

 

 

Managers/Key Personnel

 

Mr. Farzan Adhami                      President

 

 

AFFILIATED ENTITIES

 

As far as could be determined, there are no affiliates or subsidiaries.

 

 

BANKS

 

NY

Telephone:

Facsimile:

Account Number:

Account Manager:

 

Management declined to provide the name of the Company's primary bank.

 

 

PAYMENT HISTORY

 

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

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

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

 FACTOR     06-12 00-00 VARIED  21600    0        0   0   0   0   0

 FACTOR     07-01 06-10 NET 30  200      0        0   0   0   0   0

 

 FOOTWEAR   07-01 04-07 VARIED  3000     0        0   0   0   0   0   CUST  4 YR

 PACKAGING  07-01 00-00 NET 30  100      0        0   0   0   0   0   CUST 10 YR

 FACTOR     05-05 00-00 VARIED  0        0        0   0   0   0   0

 GENERAL    05-02 03-12 NET 30  0        0        0   0   0   0   0   CUST 13 YR

 PAPER PROD 05-06 00-00 NET 30  0        0        0   0   0   0   0

 CURRENT QUARTER                24900    0        0   0   0   0   0

 

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      11        0            0        0   0   0   0   0

 20070100  0      9         0            0        0   0   0   0   0

 20061200  0      8         0            200      100 0   0   0   0

 20061100  0      7         0            200      100 0   0   0   0

 20061000  0      7         0            0        0   0   0   0   0

 20060900  0      7         15           1600     0   100 0   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              0            0        0   0   0   0   0

 Third    2006              0            0        0   0   0   0   0

 Second   2006              47           2200     55  0   0   0   45

 First    2006              30           3300     71  0   0   0   29

 Fourth   2005              102          1000     0   3   0   0   97

 

 

FINANCIAL INFORMATION

 

Management declined to provide any financial information and outside sources could not provide any insight into the financial status of the Subject.

 

 

CURRENT OPERATIONS

 

NAICS Code:   448       Clothing and Clothing Accessories Stores

 

Number of Employees:              10  

 

Business Activity:

The Company is engaged as a retailer of men's and boy's clothing.

 

The headquarters’ are at the above-noted address.

 

As far as could be determined, there are no branch locations or divisions.

 

 

PUBLIC RECORD

 

A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.

 


GENERAL COMMENTS

 

The Subject is engaged as a retailer of men's and boy's clothing. Payment records are slow and a search of public records and bankruptcy courts revealed no derogatory information filed against the Company nor any bankruptcies filed by the Company.

 

 

 

 

 

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