MIRA
INFORM REPORT
|
Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
P. KAUFMANN, INC |
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Registered Office : |
3 Park Avenue, 35th floor, New York, NY 10016 |
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Country : |
United States |
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Date of Incorporation : |
01.04.1957 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufacturer and Distributor of Cotton Goods, Curtains, and Others |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
P. KAUFMANN, INC
Company acronym:
--
Contact Information
|
Address |
3 Park Avenue, 35th floor New York, NY 10016 USA |
|
Telephone |
212-292-2200 |
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Fax |
212-292-2247 |
Registration Data
|
Date of Registration |
April 1st, 1957 |
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Registration number |
New York State does not issue organizational ID number |
|
Legal address |
3 Park Avenue, 35th floor New York, NY 10016 USA |
|
Legal Form |
Corporation - Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Private |
100 |
Board/Executive
|
Name |
Ronald KAUFMANN |
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Position within the company |
President and CEO |
|
Name |
Laurence SEIGEL |
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Position within the company |
CFO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
P. KAUFFMANN is a manufacturer and distributor of cotton goods,
curtains, and others.
Maintains several divisions including:
FOLIA
3010 Westchester Avenue
Purchase, NY 10577
Ph: 914-253-6433
FOLIA is doing business as a fabric shops.
Staff
|
Number of staff employed |
400 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
- |
Facilities
|
Rented |
Office |
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Premises Size |
3,000 sq. feet |
Branches
|
Address |
Several branches under brand FOLIA |
Bankers
|
Bank |
The Bank of New York JP Morgan Chase |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
62,200,000 |
Reporter Comments
|
Comments |
The Company is in “good standing”. This means that all local and federal taxes were paid on due date. |
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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, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to 10 days beyond terms. |
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MAX CREDIT |
USD 1,500,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 1,500,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.52 |
|
UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
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%)