MIRA INFORM REPORT

 

 

Report Date :

2nd March, 2007

                                                         

IDENTIFICATION DETAILS

 

Correct Name :

ZAENA INTERNATIONAL INC.

 

 

Registered Office :

1123 King Street, Alexandria, Virginia  22314, United States.

 

 

Country :

United States

 

 

Date of Incorporation :

07.08.1995

 

 

Legal Form :

Private Company

 

 

Line of Business :

Retailer and Importer of men's and women's apparel.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : ZAENA INTERNATIONAL INC.

Trade Name(s)               : MILANO FINE ITALIAN APPAREL , MILANO

Address                        : 1123 KING STREET

City                              : ALEXANDRIA                  

State/Province               : VIRGINIA                             

Zip Code                       : 22314                       

Country                         : UNITED STATES               

Telephone                     : 703 548-2540                

Facsimile                      : Same as telephone           

Legal Form                    : Private Company

Website                        : N/A

@rating Opinion :

Business Activity           : The Firm is a retailer and importer of men's and women's apparel.

Founded (D/M/Y)           : /  /1995

As of                             : 31/12/2006

Sales / Revenue : 500,000

Net Income                    :

Total Equity                   :

Number of Employees    : 2

 

 

NOTE TO CLIENT

 

Person Contacted          : Mr. Hassan Elbedour

Position                                    : President

 

Mr. Hassan Elbedour provided the information in the report.

SPECIAL NOTE: MILANO AND MILANO FINE ITALIAN APPAREL ARE TRADE NAMES FOR ZAENA INTERNATIONAL INC.

 

 

LEGAL

 

Legal Form                                            : Private Company                          

Since (D/M/Y)                                        :  07/08/1995

State/Province of Incorporation                :  DC

Status                                                   : INACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Firm is incorporated in Washington, D.C. under the following:

 

Name    : ZAENA INTERNATIONAL, INC.

FILING INFORMATION

Identification Number      : 952547-DBU

Filing Date                     : 08/07/1995

State of Incorporation     : DISTRICT OF COLUMBIA

Date Incorporated           : 08/07/1995

Status                           : REVOKED SINCE 09/08/1997

Corporation Type            : PROFIT

Business Type               : CORPORATION

Where Filed                   : TAX PROCESSING DIVISON

300 INDIANA AVE RM4008

WASHINGTON, DC 20001

REGISTERED AGENT INFORMATION

Name                : ALLAN EBERT, ESQ.

Address            : 2607 24TH STREET, N.W., SUITE 2, WASHINGTON, DC

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

A nationwide search of Secretaries of State's office under both ZAENA INTERNATIONAL, INC. and MILANO FINE ITALIAN APPAREL could not locate a registration. Mr. Milano was contacted and confirmed the Firm was registered at one time in Washington D.C., however he also stated the Firm should be registered in Virginia under the name ZAENA INTERNATIONAL, INC. We made Mr. Elbedour aware that there was no active registration for ZAENA INTERNATIONAL, INC. in Virginia or in the District or Columbia. He stated that he would have the authorized party or parties, look into the matter. It should be noted that although the corporate registration is reported to be revoked, it does not prevent the Firm firm from operating normally.

 

 

Managers/Key Personnel

 

Mr. Hassan Elbedour                    President

 

 

AFFILIATED ENTITIES

 

There are no affiliates or subsidiaries at this time.

 

 

BANKS

 

Branch Bank and Trust

 

Alexandria                         VA

Telephone         : 703 549-1939

Facsimile          : 703-543-6946

Account Number:

Account Manager: Mr. Carlton and Mr. Naseh

The bank requires a signed authorization. An authorization form was faxed to Mr. Elbedour and if he responds it will be forwarded to the bank for a reference. It is our experience that responses could take several days.

 

 

PAYMENT HISTORY

 

The subject is not a large seeker of local trade credit and as such a significant payment record could not be developed.

 

 

FINANCIAL INFORMATION

 

 

FINANCIAL FIGURES

 

Year-End (D/M/Y):               31/12/2007         31/12/2006         31/12/2005

Projected                         Consolidated      Consolidated

Sales / Revenues                  500,000              500,000              500,000

 

Mr. Elbedour stated that the Firm does not produce formal financial statements.

 

Due to a database issue, the sales provided above are stated as consolidated, however should be viewed as individual.

 

 

CURRENT OPERATIONS

 

NAICS Code:   448       Clothing and Clothing Accessories Stores

 

Number of Employees:               2

 

 

Business Activity

 

The Firm is a retailer and importer of men's and women's apparel.

 

The Firm offers men's and women's formal attire. This includes: suits, dresses, sash, gloves, shoes, hats and various other accessories. Sales are to the general public in the area through cash and credit card transactions.

 

The provided address is the Firm's headquarters and sole location consisting our leased retail space.

 

 

TRADE REFERENCES

 

Mr. Hassan Elbedour provided the following trade reference:

 

Rivera

Contact: Mrs. Valerrie DeLuca, Credit Manager Quebec, Canada

 

1-800-363-2855

 

Account Established:                 January 29, 2001

Terms:                                                  Net 60 days

High Credit:                               $2,700 (US$)

 

Last Sale:                                 December 29, 2006 for US$78.00

The Subject has made payments as follows:

 

January 5, 2007                         $175.00

February 28, 2007                      175.00

 

No returned checks

The account is rated good to fair.

Ms. DuLuca stated that Zaena international Inc. is a reliable customer, is honest and submits payments as agreed. The supplier provides the Subject with men's trousers.

 

 

PUBLIC RECORD

 

Name Searched : ZAENA INTERNATIONAL

Amount                         : $ 20,303

Case Type                     : CONTRACT

Creditor                         : MABRO CORPORATION

Date                             : 9/26/2001

 

Debtor Address              : ZAENA INTERNATIONAL INC

Debtors                         : ZAENA INTERNATIONAL INC

Filing Type                    : JUDGMENT

Number                         : CL01-489

Status                           : OPEN

 

No bankruptcy petitions were traced to the Firm, however there is a legal action filed against the Firm in public. The outcome is uncertain as no further information is currently available.

 

 

GENERAL COMMENTS

 

The Firm is a well established retailer and importer of men's and women's apparel. There are no payment records and no bankruptcy petitions were traced to the Firm, however the public record revealed a legal action filed against the Firm. The outcome is uncertain as no further information is currently available. The Firm is considered responsible for normal 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