MIRA INFORM REPORT

 

 

Report Date :

01.03.2007

 

IDENTIFICATION DETAILS

 

Name :

TREND FOR MEN LLC

 

 

Registered Office :

1551 North Wells, Chicago, Illinois 60610                       

 

 

Country :

United States                

 

 

Date of Incorporation :

03/10/2006

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail clothing store for men.

 

 

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 : TREND FOR MEN LLC

Address                        : 1551 NORTH WELLS

City                              : CHICAGO

State/Province               : ILLINOIS                             

Zip Code                       : 60610                       

Country                         : UNITED STATES               

Telephone                     : 312 867-7700                

Facsimile                      : 312 867-7757                

Legal Form                    : Limited Liability Company

As of                             : 31/12/2005

Sales / Revenue : 600,000  

Net Income                    : 313,713  

Total Equity                   : --

Number of Employees    : 5  

Website                        : www.trendformen.com

Business Activity           : Trend for Men LLC, is a retail clothing store for men.

 

 

NOTE TO CLIENT

 

Contact Person  : Mr. Willy Davis

Position                        : Partner/Manager

 

Mr. Willy Davis responded to all general and financial information.

 

Special Notes:  The legal name for the Firm is Trend for Men LLC.  The Company's website is currently under construction.

 

 

LEGAL

 

Legal Form                                : Limited Liability Company                

Since (D/M/Y)                            : 03/10/2006

State/Province of Incorporation    : IL

Status                                       : ACTIVE

Previous Legal Form                   :

Company is NOT required to publish an annual financial report.

 

The Company in organized in Illinois under the following registration:

 

Entity Name:                                         TREND FOR MEN LLC

File Number:                              01315277

Status:                                      GOODSTANDING

On:                                           10/03/2006

Entity Type:                               LLC

Type of LLC                               Domestic

File Date                                   10/12/2004

Jurisdiction                                IL

Agent Name                              DAVID K STAUB

Agent Change Date                    06/23/2006

Agent Street Address                 55 W MONROE ST STE 1200

Principal Office                          1551 N CHICAGO 60611

Agent City                                 CHICAGO

Management Type                     MGR

Agent Zip                                  60603

Dissolution Date                        PERPETUAL

Annual Report Filing Date           10/03/2006  For Year 2006

 

 

Managers/Key Personnel

 

Mr. Willy Davis                          Partner

Mr. Larry James                        Partner

Mr. Stuart Blackman                   Partner

 

 

AFFILIATED ENTITIES

 

Mr. Willy Davis stated that there were no affiliated businesses or Companies.

 

 

BANKS

 

North Community Bank

3639 North Broadway

Chicago IL  60613

Telephone: 773-244-7000

Facsimile: 773-244-7016

Account Number:

Account Manager:

 

The bank has been contacted for a reference. If they respond the information will be updated. It is our experience that a response could take several days.

 

 

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  0        0        0   0   0   0   0   CUST  2 YR

 FACTOR     06-12 00-00 VARIED  5300     5300     0   100 0   0   0

 

 FINCL SVCS 06-10 06-08 CONTRCT 0        0        0   0   0   0   0

 FINCL SVCS 07-02 00-00 CONTRCT 0        0        0   0   0   0   0   CUST  2 YR

 PACKAGING  07-01 00-00 NET 30  300      0        0   0   0   0   0   CUST  2 YR

 OFFC SUPPL 05-11 00-00 CREDIT  0        0        0   0   0   0   0

 CURRENT QUARTER                5600     5300     0   100 0   0   0

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      7         15           5300     0   100 0   0   0

 20070100  0      6         15           5300     0   100 0   0   0

 20061200  0      6         0            5300     100 0   0   0   0

 20061100  0      6         0            0        0   0   0   0   0

 20061000  0      5         0            0        0   0   0   0   0

 20060900  0      5         99           3600     0   7   0   0   93

 

 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              50           4200     16  2   41  41  0

 First    2006              0            0        0   0   0   0   0

 Fourth   2005              0            0        0   0   0   0   0

 

 

FINANCIAL INFORMATION

 

FINANCIAL FIGURES

 

 Year-End (D/M/Y):               31/12/2005         31/12/2005         31/12/2005

                                 Consolidated

 Sales / Revenues                  600,000              -                -    

 

 RESULTS

 Net Income                        313,713              -                -    

 

 ASSETS

 Total Assets                      218,000              -                -    

 

 LIABILITIES

 Total Liabilities                  36,779              -                -    

 

FINANCIAL ANALYSIS

 

                           Actual           Previous    Percentage of total assets

                           31/12/2005      31/12/2005     31/12/2005  31/12/2005

 Total Assets               218,000                0       100.00    100.00

 Total Liabilities           36,779                0        16.87     16.87

 

The financial figures presented above are in actual US$.

 

Mr. Davis stated that the Firm does not produce formal financial statements, however provided very general financial details.

 

 

CURRENT OPERATIONS

 

NAICS Code:   44811     Men's Clothing Stores

SIC Code:        5611

 

Number of Employees:               5  

 

Business Activity:

Trend for Men LLC., is a retail clothing store for men.

 

The Firm retails male apparel which include; business and business casual clothing, sports clothes, footwear and accessories. Sales are to the general public in the area through cash and credit card transactions.

 

The above address is the sole location for the Company's headquarters consisting of leased retail space.

 

 

TRADE REFERENCES

 

Mr. Willy Davis provided 3 supplier references.  Each company has been contacted; however, it often takes a few days before a response is received.  Additional information received will be forwarded at that time.

 

Bogosse Zanella

681 5th Avenue

New York, NY 10022

(212) 980-6958

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

 

Triple 5 soul

860 South Los Angeles Street

Los Angeles, CA 90014

(213) 955-6120

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

 

Pacific Shoes Corporation

5951 Skylab Road

Huntington Beach, CA 92647

(714) 897-5626

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

 

 

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

 

Trend for Men LLC., is a men's apparel retailer  located in Chicago, IL. The payment record is generally satisfactory.  Moreover, public records 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