MIRA
INFORM REPORT
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Report Date : |
29.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
TREND FOR MEN LLC |
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Registered Office : |
1551 North Wells, Chicago, Illinois - 60610 |
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Country : |
United States |
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Date of Incorporation : |
03/10/2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Retail clothing store for men. |
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: TREND FOR MEN LLC
Address: 1551 NORTH WELLS
City: CHICAGO
State/Province: ILLINOIS
Zip Code: 60610
Country: UNITED STATES
Telephone: 312 867-7700
Facsimile: 312 867-7757
As of: 31/12/2005
Sales / Revenue: 600,000
Net Income: 313,713
Total Equity:
Number of Employees: 5
Legal Form: Limited Liability Company
Website: www.trendformen.com
Business Activity: Trend
for Men LLC., is a retail clothing store for men.
NOTE TO CLIENT
Contact Person: Mr. Willy Davis
Position: Partner/Manager
Mr. Willy Davis responded to all general and financial information.
Special Notes: The legal name
for the Firm is Trend for Men LLC. The
Company's website is currently under construction.
LEGAL
Legal Form: Limited
Liability Company
Since (D/M/Y): 03/10/2006
State/Province of Incorporation: IL
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company in organized in Illinois under the following registration:
Entity Name: TREND FOR MEN LLC
File Number: 01315277
Status: GOODSTANDING
On: 10/03/2006
Entity Type: LLC
Type of LLC Domestic
File Date 10/12/2004
Jurisdiction IL
Agent Name DAVID K STAUB
Agent Change Date 06/23/2006
Agent Street Address 55 W
MONROE ST STE 1200
Principal Office 1551
N CHICAGO 60611
Agent City CHICAGO
Management Type MGR
Agent Zip 60603
Dissolution Date PERPETUAL
Annual Report Filing
Date 10/03/2006 For Year 2006
Managers/Key
Personnel
Mr. Willy Davis
Partner
Mr. Larry James
Partner
Mr. Stuart Blackman
Partner
AFFILIATED ENTITIES
Mr. Willy Davis stated that there were no affiliated businesses or
Companies.
BANKS
North Community Bank
3639 North Broadway
Chicago IL 60613
Telephone: 773-244-7000
Facsimile: 773-244-7016
Account Number: 1219001441
Open Since (D/M/Y):10/04/2004
Account Manager: Ms. Camille Scott
The bank has been contacted for a reference. Management responded and
the report has been amended.
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 2 YR
FACTOR
06-12 00-00 VARIED 5300 5300
0 100 0 0 0
FINCL SVCS 06-10 06-08 CONTRCT 0 0 0 0 0
0 0
FINCL SVCS 07-02 00-00 CONTRCT 0 0 0 0 0
0 0 CUST 2 YR
PACKAGING
07-01 00-00 NET 30 300 0
0 0 0 0 0
CUST 2 YR
OFFC SUPPL 05-11 00-00 CREDIT 0
0 0 0
0 0 0
CURRENT QUARTER 5600
5300 0 100 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200
0 7 15 5300 0 100 0
0 0
20070100
0 6 15 5300 0 100 0
0 0
20061200
0 6 0 5300 100 0
0 0 0
20061100
0 6 0 0 0 0
0 0 0
20061000
0 5 0 0 0 0
0 0 0
20060900
0 5 99 3600 0 7
0 0 93
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 0
0 0 0
0 0 0
Third
2006 0 0 0 0 0
0 0
Second
2006 50 4200 16 2 41
41 0
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2005
31/12/2005 31/12/2005
Consolidated
Sales / Revenues 600,000 -
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RESULTS
Net Income 313,713 -
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ASSETS
Total Assets 218,000 -
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LIABILITIES
Total Liabilities 36,779 -
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FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
31/12/2005 31/12/2005 31/12/2005 31/12/2005
Total Assets 218,000 0
100.00 100.00
Total Liabilities 36,779
0 16.87 16.87
The financial figures presented above are in actual US$.
Mr. Davis stated that the Firm does not produce formal financial
statements, however provided very general financial details.
CURRENT OPERATIONS
NAICS Code: 44811
Men's Clothing Stores
SIC Code: 5611
Number of Employees:
5
Business Activity:
Trend for Men LLC., is a retail clothing store for men.
The Firm retails male apparel which include; business and business
casual clothing, sports clothes,
footwear and accessories. Sales are to the general public in the area
through cash and credit card transactions.
The above address is the sole location for the Company's headquarters
consisting of leased retail space.
TRADE REFERENCES
Mr. Willy Davis provided 3 supplier references. Each company has been contacted; however, it
often takes a few days before a response is received. Additional information received will be forwarded at that time.
Bogosse Zanella
681 5th Avenue
New York, NY 10022
(212) 980-6958
Date Account Opened: January 2006
Credit Limit: $1,500
High Credit Utilized: $1,500
Terms/Discounts: Prepaid/No Discounts
Average Days Beyond Term: None
Date of Last Sale: 3/1/07
Returned Checks? None
Rating: Good
Business Activity: Wholesaler
Product(s): Men Shirts
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Triple 5 soul
860 South Los Angeles Street
Los Angeles, CA 90014
(213) 955-6120
Date Account Opened: June 2004
Credit Limit: None
High Credit Utilized: $10,000
Total Amount Outstanding: $3,000
Amount Current: $3,000
Terms/Discounts: None
Average Days Beyond Term: 0
Date of Last Sale: 2/19/2007
Returned Checks? None
Rating: Good
Business Activity: Retailer
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Pacific Shoes Corporation
5951 Skylab Road
Huntington Beach, CA 92647
(714) 897-5626
Date Account Opened: 1995
Credit Limit: None
Total Amount Outstanding: $161
Amount Current: $161
Terms/Discouns: COD - CASHIER
Date of Last Sale: 2/28/2007
Returned Checks? Yes
If so, how many: Not
Lately 5+
Business Activity:
Manufacturer and Wholesaler
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PUBLIC RECORD
A nationwide search of public records and bankruptcy courts revealed no
Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under
the Subject's name.
GENERAL COMMENTS
Trend for Men LLC., is a men's apparel retailer located in Chicago, IL. The payment record
is generally satisfactory. Moreover, public
records revealed no derogatory information filed against the Company nor any
bankruptcies filed by the Company.
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%)