MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
4004 INCORPORATED |
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Registered Office : |
12 Harbor Park Drive,
Port Washington, NY 11050 |
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Country : |
United States |
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Date of Incorporation : |
08.28.1985 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Parent Company for STEVE
and BARRY’S Stores |
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 300,000 |
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Status : |
Satisfactory |
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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 |
300,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMICAL DATA |
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FORM OF GOVERNMENT ECONOMICAL RISK |
Federal None |
CURRENCY BRANCH SITUATION |
USD 100 = 64 € Satisfying |
IDENTIFICATION
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Company Name : |
4004 INCORPORATED |
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Address : |
12 Harbor Park Drive, Port Washington, NY
11050 |
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Phone : Facsimile : ID : State: Managers : |
516-829-6752 516-482-9236 883508 Pennsylvania CEO: Steven SHORE Barry PREVOR |
Date founded : |
08-28-1985 Corporation – Profit Not close N/A 1,000 (estimate) |
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Legal form : |
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Stock : Value: |
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Staff : |
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Business : |
Parent company for STEVE & BARRY’S stores |
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BANKS
The Bank of New York
BUSINESS
The Company is said to be
the holding company for STEVE & BARRY’S chain of stores, including:
- STEVE & BARRY’S LLC
- STEVE & BARRY’S
MANHATTAN LLC
- STEVE & BARRY’S NEW
YORK LLC
located at same address.
There are actually 75
stores in the U.S. ranging from 25,000 to 150,000 sq. feet.
Main products are children
clothes and sportswear.
STEVE & BARRY’S buys
its merchandise (T-shirts, button-down shirts, varsity jackets, sweatpants,
tank tops, backpacks) from vendors in the US, Canada, Central America, India,
Mexico, and Pakistan. Steve & Barry's plans to open 60 new retail locations
during 2005.
SHAREHOLDERS
– SUBSIDIARIES - MANAGERS
The Company is a subsidiary
of UNISOURCE Group
The shareholders are also
the managers of the business.
Co-CEO are Steven SHORE and
Barry PREVOR.
They are well known in the
U.S. business world.
FINANCIALS
- COMMERCIAL TRENDS AND FORECAST
As a private company, that business
does not publish any financials.
Sales declared for year
2007 is USD 80,000,000.
There are several UCC files
listed.
RATING
Local credit bureau gave
a credit rate.
The Company maintains a
regular activity and the market is satisfying.
As far as we known,
payments are made on regular basis.
A credit line may be
considered.
Website:
www.steveandbarry.com
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Satisfying Controlled Regular |
PUBLIC PAYMENTS |
No Regular |
ADVISED
CREDIT
300,000 USD
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%)