MIRA INFORM REPORT

 

 

Report Date :

1st March, 2007

                                                         

 

IDENTIFICATION DETAILS

 

Name :

MONSEY-MILAN SUIT WAREHOUSE INC.

 

 

Registered Office :

401 West Route 59, Monsey, New York 10952, United States

 

 

Country :

United States

 

 

Date of Incorporation :

16.11.2000

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Wholesaler of men'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 :

Unknown

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : MONSEY-MILAN SUIT WAREHOUSE INC.

Address                        : 401 WEST ROUTE 59

City                              : MONSEY

State/Province               : NEW YORK                             

Zip Code                       : 10952                       

Country                         : UNITED STATES               

Telephone                     : 845-371-1400                

Facsimile                      : 845-371-5963                

Legal Form                    : Corporation - Private

Website                        : No website.

@rating Opinion :

Business Activity           : The Company is as a wholesaler of men's clothing.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

Number of Employees    : 2

 

 

NOTE TO CLIENT

 

Mr. Sigfred Plym, Vice-President, declined to provide any information regarding the Company. Thus, information contained in this report cannot be substantiated.

 

PLEASE NOTE: We could not ascertain the President's name through Management or outside sources.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 16/11/2000

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:

 

MONSEY-MILAN SUIT WAREHOUSE INC.

Current Entity Name       : MONSEY-MILAN SUIT WAREHOUSE INC.

Initial DOS Filing Date    : NOVEMBER 16, 2000

County                          : ROCKLAND

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)

MONSEY-MILAN SUIT WAREHOUSE INC.

71 ROUTE 59

MONSEY, NEW YORK, 10952

Registered Agent

NONE

 

 

Managers/Key Personnel

 

Mr. Sigfred Plym                       Vice President

 

 

AFFILIATED ENTITIES

 

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

 

 

BANKS

 

NY

Telephone:

Facsimile:

Account Number:

Account Manager:

A written request for bank information has been sent to the Subject. An appropriate update will be provided when a response is received.

 

 

PAYMENT HISTORY

 

The firm does not appear to be a seeker of local trade credit as a significant payment record could not be developed.

 

 

FINANCIAL INFORMATION

 

Management declined to provide any financial information.

 

 

CURRENT OPERATIONS

 

NAICS Code:   4481      Clothing Stores

 

Number of Employees:               2

 

 

Business Activity

 

The Company is as a wholesaler of men's clothing.

 

As far as could be determined, there are no branch locations or divisions. The heading address is the Company's headquarters and sole location where it oversees day-to-day operations. We could not determine if the building is owned or leased nor the square footage of the space.

 

 

TRADE REFERENCES

 

We have sent a written request via facsimile to the Subject for the names and contact information of their suppliers. We have not yet received a response from the Subject however at such time as we receive the requested information, we will contact all vendors of the Subject for a trade reference and provide an update.

 

 

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 an established wholesaler of men's clothing. No payment records were found and a search of public records and bankruptcy courts revealed no derogatory information or record of the Company filing a bankruptcy petition.

 

 

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