MIRA
INFORM REPORT
|
Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PRESIDIO INTERNATIONAL
INC |
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Registered Office : |
2711 Centerville Road, Suite 400, Wilmington, DE 19808 |
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Country : |
United States |
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Date of Incorporation : |
07.12.1994 |
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Com. Reg. No.: |
Delaware 2410434 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Family Clothing Chain of Stores. |
RATING &
COMMENTS
|
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 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
PRESIDIO INTERNATIONAL INC
Company acronym:
A/X ARMANI
EXCHANGE
Contact Information
|
Address |
111 8th Avenue, 9th floor New York, NY 10011 USA |
|
Telephone |
212-488-4500 |
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Fax |
212-463-9250 |
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Website |
www.armaniexchange.com |
Registration Data
|
Date of Registration |
Dec 7, 1994 |
|
Registration number |
Delaware 2410434 |
|
Legal address |
The Prentice Hall Corporation System, Inc. 2711 Centerville Road, Suite 400, Wilmington, DE 19808 |
|
Legal Form |
Corporation – Profit |
|
Share Capital |
1,000 shares common, no par value |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
The Company is a part of the Giorgio Armani group of companies |
100 |
Board/Executive
|
Name |
Harlan BRATCHER |
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Position within the company |
President & CEO |
|
Name |
Victor WONG |
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Position within the company |
CFO |
Changes in Registration
Data
None recorded
Activities
(realistic and officials)
Family clothing chain of stores.
Staff
|
Number of staff employed |
1,600 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
Facilities
|
Rented |
Corporate office of the group |
Subsidiaries
and Participation
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Parent Company |
Giorgio Armani group of Companies |
Branches
|
Address |
The Company maintains several stores in the U.S. and Canada |
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 |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
120,000,000= |
Reporter Comments
|
Comments |
The business as actually slow. |
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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, 81% of trade
experience indicates a regular payment. Payments of imports are currently made with an average of 15 to
20 days beyond terms. |
|
MAX CREDIT |
USD 1,000,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 1,000,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
|
UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
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 |
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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%)