MIRA
INFORM REPORT
|
Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GOLDEN OLDIES LTD |
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Registered Office : |
132-29 33rd Avenue, Flushing, NY 11354 |
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Country : |
United States |
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Date of Incorporation : |
13.09.1972 |
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|
Legal Form : |
Corporation - Profit |
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|
|
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Line of Business : |
Providing a wide range of Antique Furnishings, Reproductions and
Accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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|
|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
GOLDEN OLDIES LTD
Company acronym:
Contact Information
|
Address |
132-29 33rd Avenue Flushing, NY 11354 USA |
|
Telephone |
718-445-4400 |
|
Fax |
718-445-4986 |
|
Website |
www.goldenoldies.com |
Registration Data
|
Date of Registration |
09-13-1972 |
|
Registration number |
New York State does not issue organizational ID number |
|
Legal address |
132-29 33rd Avenue Flushing, NY 11354 USA |
|
Legal Form |
Corporation - Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Mark WEINSTEIN |
50+ |
Board/Executive
|
Name |
Mark WEINSTEIN |
|
Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
For more than 30 years, Golden Oldies has been providing a wide range of
antique furnishings, reproductions and accessories. It is a full-service antiques
shop that offers a wide range of furniture items, such as dining tables,
hutches, chests, coffee and console tables, vanities, chairs, lights, mirrors,
sofas and beds.
Golden Oldies provides furniture items in various woods and metals, such
as copper, bronze and silver. The shop also provides a wide range of
accessories, such as wall clocks, flower pots and ceramic items. It has a Web
site that provides complete information related to its products. Located in
Flushing, it also has shops in Mount Kisco and Huntington, N.Y., and Fairfield,
N.J.
Staff
|
Number of staff employed |
4 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe, Far East |
|
Exports To |
- |
Facilities
|
Rented |
Store |
|
Premises Size |
1,000 sq. feet |
Branches
|
Address |
Mount Kisco and Huntington, N.Y., and Fairfield, N.J. |
Bankers
|
Bank |
Commerce Bank |
|
Address |
475 Park Avenue South, New York, NY 10016 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Estimate |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
500,000- |
Reporter Comments
|
Comments |
No information could be obtained from the Company. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 78% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 20 days
beyond terms, and more. We suggest you to be careful. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.12 |
|
UK Pound |
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.63.52 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)