MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GERBER CHILDRENSWEAR, INC. |
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Registered Office : |
7005 Pelham Rd Suite D Greenville, SC 29615 |
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Country : |
United States |
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Date of Incorporation : |
12.12. 1995 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Infant,
Toddlers Apparel and Bedding |
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 400,000 |
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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 |
400,000 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: |
GERBER CHILDRENSWEAR, INC. |
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Address: |
7005 Pelham Rd Suite D Greenville, SC
29615 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (864) 987-5200 + 1 (864) 987-5499 2570694 Delaware Gary Simmons, President |
Date founded: |
Dec 12, 1995
Corporation for Profit N.A. Employees 390 |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufactures infant, toddlers
apparel and bedding |
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BANKS
NATIONS BANK
BUSINESS
Business & Operations:
Gerber Childrenswear, Inc. is a private company headquartered in
Greenville, South Carolina. Gerber Childrenswear, Inc's line of business is mfg
infant's and toddler's apparel and bedding.
Gerber Childrenswear offers a variety of products for babies, from
everyday apparel to bath and bedding products. Gerber offers on the side other
products for all of the family's needs.
The company is not only well known in the United States, but also has
worldwide partnerships and commercial relations.
Gerber Childrenswear, Inc. is registered in the State of Delaware for
tax purposes.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
director of the company is:
Gary Simmons, President.
The parent company is:
Kellwood Company
Inc.
600 Kellwood Pkwy Ste 200,
Chesterfield, MO 63017-5806,
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Gerber Childrenswear, Inc. 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 |
12,800,000 |
LEGALS
1 Suit in 2006 by Tribiro
Quilt Mfg. Corp. Reason & Amount:
NA
0 Judgments
1 Lien in 2004 by State of South
Carolina for state tax of $559.00
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2008 by Bank of America N.A. Security & Amount: NA
Al previous UCC Security
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.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a medium company working worldwide.
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 Details Above Regular |
ADVISED
CREDIT
400,000 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%)