MIRA INFORM REPORT

 

 

Report Date :

1st March, 2007

                                                         

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL INTERNATIONAL

 

 

Registered Office :

62 Orchard Street, New York , New York 10002, United States.

 

 

Country :

United States

 

 

Date of Incorporation :

1930

 

 

Line of Business :

Engaged as a high end men's clothing retailer.

 

 

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 :

Undetermined

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : GLOBAL INTERNATIONAL

Address                        : 62 ORCHARD STREET

City                              : NEW YORK                    

State/Province               : NEW YORK                             

Zip Code                       : 10002                       

Country                         : UNITED STATES               

Telephone                     : 212 431-4530                

Facsimile                      : 212 274-1081

Legal Form                    :

Website                        : N/A

@rating Opinion :

Business Activity           : The Subject is engaged as a high end men's clothing retailer.

Founded (D/M/Y)           :      /  /1930

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

Contact Person:             Mr. Sammy Gluck

Position:                       Store Manager

 

 

IMPERATIVES

 

Mr. Sammy Gluck deferred all general and financial information about the Subject except a basic description of the Firm as a men's clothing store. He provided us with the name of the Bookkeeper, Ms. Miller and a fax number to forward a written request for further information.

 

A nationwide search of the Secretaries of State's Offices including Delaware yielded numerous corporate registrations with the name Global International in them, however none was located at the heading address. Searches were also conducted using variations on the name. Global International could be a fictitious name for another name or it is possible that the Subject is operating as a sole proprietoship or a partnership.

 

The above address was confirmed as the headquarters for the Firm. Mr. Gluck deferred any information regarding other locations or affiliated businesses.

 

A wide variety of outside sources failed to add any insight into the legal name, owners/officers or financial condition of the Firm.

 

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.

 

If Ms. Miller responds, the report will be amended.

 

 

LEGAL

 

Legal Form:

Previous Legal Form:

Company is NOT required to publish an annual financial report.

 

 

PAYMENT HISTORY

 

The following payment record was retrieved under the name Global International at the heading address.

 

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

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

 

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

 AIR TRANS  06-12 06-12 0000000 2600     2600     59  39  2   0   0   CUST  5 YR

 AIR TRANS  06-11 00-00 NET 30  0        0        0   0   0   0   0   CUST 10 YR

 COMPUTERS  07-01 00-00 CREDIT  10000    7900     100 0   0   0   0

 LEASING    05-01 05-01 NOTE    15800    15800    100 0   0   0   0

 LEASING    07-01 00-00 CONTRCT 8800     2100     100 0   0   0   0   CUST  3 YR

 CURRENT QUARTER                12600    10500    90  10  0   0   0

 

 Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      6         2            10500    90  10  0   0   0

 20070100  0      3         1            12200    92  8   0   0   0

 20061200  0      4         1            11700    92  8   0   0   0

 20061100  0      4         0            2000     100 0   0   0   0

 20061000  0      3         0            900      100 0   0   0   0

 20060900  0      3         0            1500     100 0   0   0   0

 

 Payment History - Quarterly Averages

 

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              1            8600     92  8   0   0   0

 Third    2006              2            1300     89  11  0   0   0

 Second   2006              0            0        0   0   0   0   0

 First    2006              0            0        0   0   0   0   0

 Fourth   2005              0            1100     99  1   0   0   0

 

 

FINANCIAL INFORMATION

 

No financial information could be obtained.

 

 

CURRENT OPERATIONS

 

NAICS Code:   44811     Men's Clothing Stores

SIC Code:     5611

 

 

Business Activity

 

The Subject is engaged as a high end men's clothing retailer.

The merchandise includes, suits, jackets, slacks, outerwear and accessories.

 

 

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