MIRA
INFORM REPORT
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Report Date : |
11.10.2007 |
IDENTIFICATION DETAILS
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Name : |
LT2, LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02/10/2003 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Engages as a
manufacturer of men's and women's apparel. |
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 : |
Exists |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: LT2,
LLC
Address:
City:
State/Province:
Zip Code: 10010
Country: UNITED
STATES
Telephone: 648
467-8405
Facsimile: 212
684-7712
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
25
Legal Form: Limited
Liability Company
Website: www.letigreusa.com
Business Activity: The Subject engages as a manufacturer
of men's and women's apparel.
NOTE TO CLIENT
Contact Person: Ms.
Nisha Crooks, Account Manager
Ms. Crooks confirmed
the information in this report.
LEGAL
Legal Form: Limited Liability
Company
Since (D/M/Y): 02/10/2003
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
Registered in
File Number: 3711090
Incorporation Date /
Formation Date: 10/02/2003 (mm/dd/yyyy)
Entity Name: LT2,
LLC
Entity Kind: LIMITED
LIABILITY COMPANY (LLC)
Entity Type: GENERAL
Residency:
State: DE
REGISTERED AGENT
INFORMATION
Name: NATIONAL
REGISTERED AGENTS, INC.
Address:
City:
County:
State: DE
Postal Code: 19904
Phone: (302)674-4089
Managers/Key
Personnel
Mr. Ryan
O'Sullivan President
Mr. Paul Pigano
(unconfirmed) Director
AFFILIATED ENTITIES
As far as could be
determined, there are no subsidiaries of the Firm.
The Subject is
affiliated with Le Tigre, LLC.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank was declined, however ISRAEL DISCOUNT BANK OF NEW YORK was named
as a secured party for financing.
PAYMENT HISTORY
The payment history
is for the Subject at their previous address,
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 07-09 00-00 NET 30 100
100 97 0 0 3 0
FACTOR
07-08 00-00 VARIED 0 0
0 0 0
0 0
FACTOR
07-09 07-09 NET 60 27200 27200
26 74 0
0 0
AIR TRANS
06-11 00-00 NET 30 100 100
100 0 0 0 0
CUST 1 YR
CURRENT QUARTER 27300 27300
26 74 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- ---
--- -------- --- --- ---
--- ---
20070900
0 0 15 10300 1
99 0 0 0
20070800
0 0 6 200 92
0 0 8 0
20070700
0 0 6 200 92
0 0 8 0
20070600
0 0 2 200 95
0 5 0 0
20070500
0 0 0 200 100 0
0 0 0
20070400
0 0 23 100 50
0 50 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third
2007 0 100 100 0 0
0 0
Second
2007 3 100 96
0 1 3 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 0 100 100 0
0 0 0
Third
2006 23 100
50 0 50
0 0
FINANCIAL
INFORMATION
Management declined
to provide financial information. Outside sources report 2006 Annual sales of
USD $25 Million.
CURRENT OPERATIONS
NAICS Code: 31
Manufacturing Food, Beverage, Textile, Clothing, S
Number of
Employees: 25
Business Activity:
The Subject engages
as a manufacturer of men's and women's apparel. The Subject, known for their
leaping tiger logo, manufactures mens and womens-wear. Products include polo shirts,
other tops, bottoms, outerwear, and
more. Apparel is sold to retail buyers like Macy's Department Stores.
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The Subject was
established in the late 70's and recently re-launched the branch in 2003. This is the sole location for the Company. It
is rented.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 61160399
Filing Date: 04/06/2006
Filing Time: 3:19PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF
DEBTOR INFORMATION
Debtor(s): LT2, LLC
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): WELLS FARGO CENTURY, INC.
COLLATERAL INFORMATION
Collateral
Type: ALL ASSETS
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FILING INFORMATION
Filing Number: 63386018
Filing Date: 09/14/2006
Filing Time: 11:00PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF
DEBTOR INFORMATION
Debtor(s): LT2, LLC
149 5TH AVENUE 14TH
FLOOR
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): M & T CREDIT SERVICES, LLC
ONE M& T PLAZA
COLLATERAL INFORMATION
Collateral
Type: LEASED COMMUNICATIONS EQUIPMENT
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FILING INFORMATION
Filing Number: 63386935
Filing Date: 09/14/2006
Filing Time: 11:00PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF
DEBTOR INFORMATION
Debtor(s): LT2, LLC
149 5TH AVENUE 14TH
FLOOR
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): M & T CREDIT SERVICES, LLC
ONE M& T PLAZA
COLLATERAL INFORMATION
Collateral
Type: LEASED EQUIPMENT
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FILING INFORMATION
Filing Number: 20071173128
Filing Date: 03/29/2007
Filing Time: 12:38PM
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
FEDERAL & DUKE OF
DEBTOR INFORMATION
Debtor(s): LT2, LLC
149
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): ISRAEL DISCOUNT BANK OF
511
COLLATERAL INFORMATION
Collateral
Type: ALL ASSETS
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FILING INFORMATION
Filing Number: 2290681
Filing Type: JUDGMENTS
Court Index
Number: 405242/07
Filing Date: 07/10/2007
Filing Office:
Book Name: TRANSCRIPT
DEBTOR INFORMATION
Debtor: LT2 LLC
Debtor Type: CORPORATION
CREDITOR INFORMATION
Creditor: WORKERS' COMPENSATION BOARD OF NY STATE
Creditor
Attorney: HERRON SCOTT A
DOCUMENT DETAILS
Total Amount
Awarded: $13250.00
Expiration
Date: 07/10/2027
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One judgement was
filed under the Subject's name. In a nationwide search, no tax liens or
bankruptcy claims were found.
GENERAL COMMENTS
Payment history
indicates that the Subject is efficient with its payments. Legal indicate that
a Workers Compensation judgement was filed in 2007 against the Subject in the
amount of USD $13,250. Otherwise, no other negative litigation was found.
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. |
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%)