MIRA
INFORM REPORT
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Report Date : |
22.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNHAM HOME FASHIONS, LLC |
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Registered Office : |
308 5th Avenue, Suite 2, New York - 10001 |
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Country : |
United States |
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Date of Incorporation : |
06/12/2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Designs and manufactures beddings and other home fashion products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Satisfactory |
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Litigation : |
Exist |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : SUNHAM HOME
FASHIONS, LLC
Trade Name(s) : --
Address :
308 5TH AVENUE
SUITE 2
City :
NEW YORK
State/Province : NEW
YORK
Zip Code :
10001
Country :
UNITED STATES
Telephone : 212
695-1218
Facsimile :
212 947-4793
Founded (D/M/Y) : / /1974
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 110
Legal Form :
Limited Liability Company
Website :
www.sunham.com
Business Activity :
Sunham Home Fashions, LLC designs and manufactures beddings and other
home fashion products.
NOTE TO CLIENT
Contact Person : Ms. Christine
Field
Position :
Assistant to the Financial Controller
LEGAL
Legal Form :
Limited Liability Company
Since (D/M/Y) :
06/12/2000
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 under the following
registration:
Entity Name: SUNHAM HOME
FASHIONS, LLC
Filing Date: DECEMBER 06, 2000
County: NEW
YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
SUNHAM HOME FASHIONS, LLC
308 FIFTH AVE.
NEW YORK, NEW YORK, 10001
Registered Agent
NONE
NOTE: New York State does not issue organizational identification
numbers.
Managers/Key
Personnel
Mr. Howard Young
Chief Executive Officer
Ms. Jane Bognacki
President
Mr. Jay Wechsler
Financial Director
AFFILIATED ENTITIES
Ms. Christine Field stated there are no affiliated companies.
BANKS
HSBC BANK
452 Fifth Avenue
New York, NY 10018
Telephone: 212 525-2021
Facsimile:
Account Number:
Account Manager: Mr. Simon Leung
The above bank prohibits bank references.
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 4 YR
COMPUTERS
07-01 00-00 CREDIT 0 0 0 0 0 0 0
ACCTCLOSED
DP SERVCS
07-03 07-02 NET 30 500 500
100 0 0 0
0
FACTOR
07-01 00-00 VARIED 0 0 0 0 0
0 0
FINCL SVCS 07-03 04-09 NET 30 500
0 0 0
0 0 0
OFFC SUPPL 07-02 07-02 NET 10300
2300 69 16 0 11
4 CUST 6 YR
OFFC SUPPL 07-01 01-11 CREDIT 1800
0 0 0
0 0 0
PACKAGING
07-01 00-00 NET 30 0 0 0 0 0
0 0 CUST 2 YR
COMPUTERS
04-06 04-05 0000000 3200
300 0 100 0
0 0
GENERAL
05-02 98-10 NET 30 0 0 0 0 0
0 0 CUST 11 YR
CURRENT QUARTER 12600
2300 69 16
0 11 4
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30 60
90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 9 15 2300 69 16
0 11 4
20070200
0 9 26 1900 53 17
13 0 17
20070100
0 7 11 4400 56 36
4 0 4
20061200
0 6 11 4400 56 36
4 0 4
20061100
0 6 15 3800 77 10
0 2 11
20061000
0 7 14 5700 52
38 2 2 6
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 13 4200 62 28 3
1 6
Third
2006 12 5100 61 28 6
2 3
Second
2006 0 3400 98 2 0
0 0
First
2006 11 4900 46 45
9 0 0
Fourth
2005 6 5800 79 10 11
0 0
FINANCIAL INFORMATION
Ms. Christine Field requested a written request forwarded on to Mr. Jay
Wechsler, the Directory of Finance, for all financial details.
HISTORY
The Company has been in business since 1974.
CURRENT OPERATIONS
NAICS Code: 42231 Piece Goods, Notions and Other Dry Goods
Wholesale
SIC Code: 5131
Number of Employees:
110
Business Activity:
Sunham Home Fashions, LLC designs and manufactures beddings and other
home fashion products. All
manufacturing out-sourced by overseas vendors.
The headquarters (sales offices and showroom) is located at the
above-noted address.
In addition, there are distribution centers located a the following
addresses:
700 Central Avenue (Administrative office)
New Providence, NJ 07974
4635 Progress Drive
Columbus, IN 47201
PUBLIC RECORD
Name Searched: SUNHAM HOME FASHIONS LLC
Defendant Counsel: Phelan, Robert W [COR LD NTC]
The Dweck Law Firm
230 Park Avenue
New York, NY, USA 10169
Defendant: Sunham Home Fashions, LLC
Filing Date: 2/27/2003
Filing Type: Civil
Plaintiff Counsel: Aggarwal, Ashima [COR LD NTC]
Kaplan & Levenson LLP
630 Third Avenue
New York, NY, USA 10017
212-983-6900 Fax : 212-983-9210 Email: Axa@kaplev.com
Levenson, Paul Richard [COR LD NTC]
Kaplan & Levenson LLP
630 Third Avenue
New York, NY, USA 10017
212-983-6900 Fax : 212-983-9210 Email: Prl@kaplev.com
Plaintiff: Pem-America, Inc
--------------------------------------------------------------
Name Searched: SUNHAM HOME FASHIONS LLC
Debtor Address: SUNHAM HOME FASHIONS, LLC
308 FIFTH AVENUE
NEW YORK, NY 10001
SUNHAM HOME FASHIONS, LLC
308 FIFTH AVENUE
NEW YORK, NY 10001
Secured Parties: HSBC BANK USA, NATIONAL ASSOCIATION
Filing Date: 5/3/2006
Filing Number: 0605030378770
Filing Type: INITIAL FILING
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Name Searched: SUNHAM HOME FASHIONS LLC
Debtors: SUNHAM HOME FASHIONS, LLC
308 FIFTH AVENUE
NEW YORK, NY 10001
Filing Date: 04/11/2001
Filing Number: 01PN17262
Filing Type: INITIAL FILING
Original Filing Number: 01PN17262
Secured Party: HSBC BANK USA
254 CANAL STREET
NEW YORK, NY 10013
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Name Searched: SUNHAM HOME FASHIONS LLC
Debtor Address: SUNHAM HOME FASHIONS, LLC
308 FIFTH AVENUE
NEW YORK, NY 10001
Secured Parties: HSBC BANK, USA
Filing Date: 3/30/2001
Filing Number: 01061762
Filing Type: INITIAL FILING
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A nationwide search of bankruptcy courts, revealed no record of a firm
by this name filing for bankruptcy.
GENERAL COMMENTS
SUNHAM HOME FASHIONS, LLC designs and manufactures beddings and other
home fashion products. The Subject's payment history is reported to be
satisfactory. The payment history is
generally satisfactory, and there is one litigation taken against the Subject,
the status is uncertain as no further information is currently available at
this time. In addition, a nationwide
search of bankruptcy courts revealed no bankruptcy files.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)