MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
STRETCH-O-RAMA,
INC. |
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Registered Office : |
20 W. 33rd Street, 12th floor, New York, NY
10001 |
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Country : |
United States |
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Date of Incorporation : |
04.21.1978 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler of Women`s & Children`s Clothing, Folkloric Clothing , Undergarments, Hosiery, Clothing Accessories etc |
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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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
STRETCH-O-RAMA,
INC.
Address
20 W. 33rd
Street, 12th floor, New York, NY 10001 – USA
Telephone : 212-947-4090
Fax : 212-967-2420
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York State does not issue organizational identification number New York State Corporation – Profit 04-21-1978 - - Saul TAWIL |
ACTIVITIES & OPERATIONS
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Business Staff: |
STRETCH-O-RAMA INC is using the fictitious names LONG STREET, GENUINE SCHOOL UNIFORM, KIDS ZONE, NASCAR, PRIMARY SCHOOL
UNIFORM, SAHARA CLUB The Company is importer and wholesaler of women`s & children`s clothing,
folkloric clothing, undergarments, hosiery, clothing accessories, nightwear,
uniforms, swimwear, athletic wear, shirts, waistcoats, clothing, slacks and
trousers and shorts. 100 |
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Operations & branches: |
At above address, we find the Corporate office, showroom and
warehouse, on 8,500 sq. feet, on lease. The Company maintains a large store and warehouse located: 5 Paddock Street, Avenel, NJ 07001 – USA Ph: 732-855-1400 Fx: 732-855-7457 |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Saul TAWIL is the President and CEO. Elliot TAWIL is Vice President. As far as we know, they are not involved in other local business. |
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Subsidiaries
& Partnership : |
None |
FINANCIALS
In United States, privately held corporations are not required to
publish any financials.
On a direct call, an Officer controlled the present report but deferred
any financials.
However, sales estimate for year 2007 is in the range of USD 19,000,000=
The business is profitable
Banks
Wells Fargo Bank
The Bank of New York
…
LEGAL FILINGS
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Legal
filings & complaints : |
As of today date, there is no legal filings pending with the District Courts. |
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Secured
debts summary (UCC) : |
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MARKET ANALYSIS & FORECAST
In the State of New Jersey, during the year 2007:
- 52% of the corporations in same branch were developing the business on
a low risk of late payment,
- 40%, on a medium risk, and
- 8% on a high risk of late
payment.
- 68% of them saw sales stable versus last 3 years
- 16% declining
- 16% growing.
A high percentage of late payment may indicate that companies in this
industry are experiencing cash flow problems, that suppliers generally accept
late payment as part of doing business, or that on-time payment is not
customary in this industry.
Companies entering such markets should not expect to be paid on time.
The market appears to be stable.
COMPANY CREDIT HISTORY
According to our credit analysts, during the last 6 months, 79% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 10 to 15 days
beyond terms.
We noted a net increase of delays of payments during last 2 months.
The banks and financial institutions confirmed a low account.
The risk is medium.
Our opinion:
A business connection may be conducted but we suggest you to check
regularly the way of payments.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 500,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.72 |
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UK Pound |
1 |
Rs.81.45 |
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Euro |
1 |
Rs.64.47 |
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%)