MIRA INFORM REPORT

 

 

Report Date :

27th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

TUXEDO PARK

 

 

Registered Office :

104 Westbury Avenue, Carle Place, New York  11514, United States

 

 

Country :

United States

 

 

Date of Incorporation :

1986

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Engaged in the sale and rental of men's formal wear.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Satisfactory

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 


 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : TUXEDO PARK

Address                        : 104 WESTBURY AVENUE

City                              : CARLE PLACE                 

State/Province               : NEW YORK                              

Zip Code                       : 11514                       

Country                         : UNITED STATES               

Telephone                     : 516 294-7300                

Facsimile                      : 516 294-1769

Legal Form                    : Sole Proprietorship

Website                        : www.tuxedoparkli.com

@rating Opinion :

Business Activity           : The Subject is engaged in the sale and rental of men's formal wear.

Founded (D/M/Y)           :      /  /1986

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

Person contacted: Mr. Rychard Nelson, Owner.

 

Mr. Nelson confirmed only general information by phone. He requested a faxed request for further information which was sent to him. As of this writing we have not received any reply.

---

Number of employees could not be determined.

 

 

LEGAL

 

Legal Form: Sole Proprietorship

Previous Legal Form:

Company is NOT required to publish an annual financial report.

 

The Subject is a Sole Proprietorship, and as such is not required to file with the Secretary of State. For reporting purposes the name Tuxedo Park is used in the heading of this report. For legal purposes the name of the Business is that of individuals listed as " Owner"  in this report.

 

 

Managers/Key Personnel

 

Mr. Rychard Nelson                     Owner

 

 

AFFILIATED ENTITIES

 

There are no affiliated businesses at this time.

 

 

BANKS

 

NY

Telephone:

Facsimile:

Account Number:

Account Manager:

Bank details were not immediately available.

 

 

PAYMENT HISTORY

 

The Subject has not established a significant payment history at this time.

 

 

FINANCIAL INFORMATION

 

Financial details were not provided at this time.

 

 

CURRENT OPERATIONS

 

NAICS Code:   44811     Men's Clothing Stores

SIC Code:     5611

 

 

Business Activity

 

The Subject is engaged in the sale and rental of men's formal wear.

 

The Firm operates 2 retail locations engaged in the sale and rental of formal wear and accessories for men. Products include: tuxedos, shoes, belts, shirts, and other related products. They also offer tailoring and other services related to their products.

 

The Subject has a branch location in Huntington New York, full address details were not immediately available.

 

 

PUBLIC RECORD

 

We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings.

 

 

GENERAL COMMENTS

 

The Subject began operating in 1986. No payment history has been established for the Firm, the operating record is clear. No derogatory information was reported or noted. The Firm appears capable of good 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