MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION DETAILS
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Name : |
EAGLE CANYON, INC. |
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Registered Office : |
1450 Broadway
Suite 1205, |
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Country : |
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Date of Incorporation : |
18/10/1994 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Manufacturer of
men's women's and boys outerwear and swim wear. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: EAGLE
CANYON, INC.
Trade Name(s): Woodlake
Design Group
Address: 1450
BROADWAY SUITE 1205
City:
State/Province:
Zip Code: 10018
Country: UNITED
STATES
Telephone: 212
302-2188
Facsimile: 212
302-2189
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 16
Legal Form: Corporation
- Private
Website: www.woodlakedesign.com
Business Activity: The Subject is a manufacturer of men's
women's and boys outerwear and swim wear.
NOTE TO CLIENT
Person contacted:
Mr. Richard Guggenheimer, CFO.
Mr. Guggenheimer
confirmed or provided information in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 18/10/1994
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity Name:
EAGLE CANYON, INC.
Initial DOS Filing
Date: OCTOBER 18, 1994
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity
Address Information DOS Process
EAGLE CANYON, INC.
1450 BROADWAY
Principal Executive Office
EAGLE CANYON, INC.
1450 BROADWAY
Registered Agent
NONE
NOTE:
Managers/Key
Personnel
MR. JEFFREY
REED President
MR. RICHARD
GUGGENHEIMER Chief Financial
Officer
MR. ARNIE ISAACS Vice President
AFFILIATED ENTITIES
Scholler
Technologies
BANKS
JP Morgan Chase
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank reference authorization
was not provided at this time.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- -------- --------
--- --- --- --- --- --------
BUS SERVCS 07-04 00-00 NET 7 900
900 46 0
54 0 0
FACTOR
07-04 00-00 VARIED 0 0
0 0 0
0 0
OFFC SUPPL 07-01 00-00 CREDIT 5700
1300 100 0 0
0 0
AIR TRANS
05-06 05-06 100 0
0 0 0
0 0
BUS SERVCS 06-02 06-02 NET 30 0
0 0 0
0 0 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
FINCL SVCS 04-06 02-12 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
LEASING
05-01 05-01 NOTE 20100 14800
100 0 0 0 0
TRANSPORTN 04-09 04-08 VARIED 200
100 0 100 0
0 0
CURRENT QUARTER 6600 2200
79 0 21
0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070400
0 17 5 2000 88
0 12 0 0
20070300
0 10 0 1700 100 0
0 0 0
20070200
0 11 0 1500 100 0
0 0 0
20070100
0 5 0 1400 100 0
0 0 0
20061200
0 6 0 1200 100 0
0 0 0
20061100
0 6 0 1200 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 2 1700 95
0 5 0 0
Fourth
2006 0 1300 100 0
0 0 0
Third
2006 0 900
100 0 0 0 0
Second
2006 0 700 100 0
0 0 0
First
2006 0 700 100 0
0 0 0
FINANCIAL INFORMATION
Mr. Guggenheim
stated that sales of the Company are in the $10 - $20 million range. The
Subject's net incomes vary by year with some losses, and some profits. The
Company is expanding their product offerings and expects to grow more stable
and profitable in coming years.
CURRENT OPERATIONS
NAICS Code: 315228
Men's and Boys' Cut and Sew Other Outerwear Manufa
SIC Code: 2329
NAICS Code: 315238
Women's and Girls' Cut and Sew Other Outerwear Man
Number of
Employees: 16
Business Activity:
The Subject is a
manufacturer of men's women's and boys outerwear and swim wear. Products of the Company are sold in major
department stores, specialty stores, sporting good stores and catalogs under
various labels. The Subject reports that they will be expanding into new
markets with their 3xdry technology, which offers water and stain repellent
properties to materials.
Some of the
manufacturing is subcontracted to third parties.
The Subject has a
branch location in
PUBLIC RECORD
We found no evidence
of bankruptcy filed in the Subject's name.
Debtor Address:
WOODLAKE
EAGLE CANYON, INC.
Secured Parties:
CONNECTICUT BANK OF COMMERCE
Filing Date:
2/25/2002
Filing Number:
02043709
Filing Type:
AMENDMENT
Original Filing
Number: 98269477
Debtor Address: OP
1450 BROADWAY
EAGLE CANYON, INC.
1450 BROADWAY
Secured Parties:
CONNECTICUT BANK OF
Filing Date:
2/25/2002
Filing Number:
02043776
Filing Type:
AMENDMENT
Original Filing
Number: 99118921
Debtors: SOUTHPARK
1450 BROADWAY
EAGLE CANYON, INC.
1450 BROADWAY
Filing Date:
05/30/2000
Filing Number:
00PN26967
Filing Type:
ASSIGNMENT
History: FILING
FILING
DATE NUMBER FILING
TYPE
12/29/1998 98PN68825
INITIAL FILING
Debtor Address:
EAGLE CANYON INC. - DBA WOODLAKE DESIGN GROUP
1450 BROADWAY
WOODLAKE DESIGN
GROUP
1450 BROADWAY
Secured Parties:
CENTURY BUSINESS CREDIT CORPORATION WELLS FARGO CENTURY, INC.
Filing Date: 10/18/2006
Filing Number:
0610186016431
Filing Type:
CONTINUATION
Original Filing
Number: 02048877
Debtor Address:
SOUTHPARK
EAGLE CANYON, INC.
Secured Parties:
CONNECTICUT BANK OF COMMERCE
Filing Date:
2/25/2002
Filing Number:
02043712
Filing Type: AMENDMENT
Original Filing
Number: 98269391
Debtor Address:
EAGLE CANYON INC. - DBA WOODLAKE DESIGN GROUP
1450 BROADWAY
WOODLAKE DESIGN
GROUP
1450 BROADWAY
Secured Parties:
CENTURY BUSINESS CREDIT CORPORATION WELLS FARGO CENTURY, INC.
Filing Date:
10/19/2006
Filing Number:
0610196020444
Filing Type:
AMENDMENT
Original Filing
Number: 02048877
Debtors: EAGLE
CANYON, INC.
1450 BROADWAY
OP
1450 BROADWAY
Filing Date:
05/30/2000
Filing Number:
00PN26964
Filing Type:
ASSIGNMENT
History: FILING
FILING
DATE NUMBER FILING
TYPE
06/17/1999 99PN32443
INITIAL FILING
Original Filing
Number: 99PN32443
Secured Party: MTB
BANK
GENERAL COMMENTS
The Subject was
registered in 1994. The payment history of the Company is satisfactory, and
operating record clear. No derogatory information was reported or noted. The
Company is considered responsible for normal business transactions.
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%)