MIRA
INFORM REPORT
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Report Date : |
30.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BASHA ACCESSORIES, LLC. |
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Registered Office : |
15 West 37th
Street 5th Floor, New York NY 10018 |
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Country : |
United States |
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Date of Incorporation : |
16.09.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Retails Women’s and Men’s
Accessories |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 6,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
6,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
BASHA
ACCESSORIES, LLC. |
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Address: |
15 West 37th
Street 5th Floor New York NY
10018 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 354-7744 + 1 (212) 869-6927 2811745 New York Ronald Terzi, Director |
Date founded: |
Sept 16, 2002
Limited Liability Company N.A. N.A. 5 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Retails women’s and men’s accessories |
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BANKS
Bank of America
BUSINESS
Business & Operations:
Basha Accessories Llc. is a private company located in New York, NY. Basha
Accessories Llc's line of business is retailer of women’s and men’s
accessories.
Industry Overview:
The US retail clothing industry includes about 40,000 companies that
operate 90,000 stores with combined annual revenue of $130 billion. Large companies
include Gap, Limited Brands, Talbots, and Abercrombie & Fitch. The industry
is concentrated: the 50 largest companies operate 30,000 stores and account for
65 percent of industry revenue. Most companies operate a single store. An
average store has $2 million in annual revenue.
Demand for clothing is strongly influenced by the growth of personal
income. During the last recession, same-store sales fell 20 percent at
Abercrombie and at Gap. Profitability depends heavily on correct merchandising
(product selection) and marketing. Small stores can compete very effectively
with large ones by targeting different customers. The industry is
labor-intensive: annual revenue per worker is about $110,000. In addition to
traditional competition from department stores, new competition in recent years
has come from mass merchants like Wal-Mart and catalog and Internet retailers.
Although about 20,000 clothing stores sell products for all members of
the family, most specialize in men's, women's, or children's clothes. Within
their specialty, stores typically sell a full range of items including
clothing, outerwear, and underwear. Many stores also sell shoes, handbags,
jewelry, makeup, and perfumes.
Merchandising (product selection) is the most important activity for clothing
stores. Stores usually target products at a particular type of buyer,
determined both by style and price. Style is often defined by the branded
merchandise (like Calvin Klein, DKNY, Ann Taylor, Gap, etc.) that the store
carries. Some large chains like Gap, The Limited, and J Crew carry mainly (or
only) their own brands, designed to reflect a particular lifestyle. Individual
stores and smaller chains may feature their own private brands but also carry
clothes with a variety of outside brands. Within a category of clothes (like
sweaters or pants), stores usually carry items with a range of prices
("price points").
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Ronald Terzi, Director,
Daniel Greenberg, Director.
They are also among the
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Basha Accessories Llc. does not publish any
financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
320,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2002 &
2003 by GE Capital Commercial securing All inventory & Accounts. Amount: NA
All previous UCC filings
have been cleared
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a regular
basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in the US.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above Regular |
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ADVISED CREDIT |
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6,000 USD |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.47 |
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UK Pound |
1 |
Rs. 84.00 |
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Euro |
1 |
Rs. 66.14 |
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%)