MIRA INFORM REPORT

 

 

Report Date :

22.11.2008

 

IDENTIFICATION DETAILS

 

Name :

URBAN OUTFITTERS (DELAWARE) INC.

 

 

Registered Office :

2711 Centerville Road, Wilmington, DE 19808

 

 

Country :

United States

 

 

Date of Incorporation :

01.02. 2000

 

 

Com. Reg. No.:

Delaware 3168748

 

 

Legal Form :

Corporation – Profit

 

 

Line of Business :

Holding Company

Brands Owner and Licensing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 


 

Company Name         

 

URBAN OUTFITTERS (DELAWARE) INC.

Company acronym:     

 

 

Contact Information

 

Address

5000 South Broad Street,

Philadelphia, PA 19112

USA

Telephone

215-454-5500

Fax

215-454-5163

Website

www.urbanoutfittersinc.com

 

 

Registration Data

 

Date of Registration

February 1st, 2000

Registration number

Delaware 3168748

Legal address

c/o Corporation Service Company

2711 Centerville Road, Wilmington, DE 19808

Legal Form

Corporation – Profit

Share Capital

100 shares common at USD 0.01 par value

Other Registration Data

-

 

 

Shareholders with Shares

 

Shareholder Names

Share%

Urban Outfitters, Inc.

n/a

 

Board/Executive

 

Name

Richard A. HAYNE

Position within the company

President & CEO

 

He is the President and CEO of all the group of companies.

 

 

Changes in Registration Data

 

None recorded

 

 

Activities (realistic and officials)

 

That Company has 2 lines of business :

- Holding company

- Brands owner and licensing

 Brands include BUILDING 10, ELEVENSES, LAUREATE LANE,

 MOULINETTE SOEURS, SITWEL, STANDARD CLOTH

 WASHINTON STREET, SUNDAY MONDAY TUESDAY WESDNESDAY THURSDAY

 FRIDAY SATURNAY, and others.

 

 

Staff

 

Number of staff employed

20

 

 

Export/Import

(Countries, goods and total values for the period)

 

Imports From

USA, Europe, Far East

 

Exports To

African countries

 

 

Facilities

 

Rented

Corporate office of the group

 

Premises Size

-

 

 

Subsidiaries and Participation

 

Parent Company

URBAN OUTFITTERS INC.

Quoted with the Nasdaq under symbol URBN.

Urban Outfitters, Inc., a lifestyle specialty retail company, operates specialty retail stores under Urban Outfitters, Anthropologie, Free people, and Terrain brands. Its retail stores offer fashion apparel, footwear, accessories, gifts and decorative items, furniture, books, candles and novelties, pillows and shower curtains, rugs, lighting and antiques, table top items, and bedding products.

As of January 31, 2008, the company operated 122 Urban Outfitters stores of which 106 are located in the United States, 4 in Canada, and 12 in Europe; 108 Anthropologie stores; and 15 Free People stores. It also offers its products through online channels and catalogs. The company operates the Web sites urbanoutfitters.com, urbanoutfitters.co.uk, anthropologie.com, and freepeople.com.

In addition, Urban Outfitters engages in the design, development, and wholesale distribution of young women’s casual apparel, including tops, bottoms, sweaters, and dresses through approximately 1,700 department and specialty stores.

Subsidiaries

-

Affiliates

-

 

 

Branches

 

Address

-

 

 

Bankers

 

Banks

JP Morgan Chase

The Bank of New York

 

 

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

Consolidate in Urban Outfitters Inc.

Currency

USD

 

 

Months

 

Sales Figures

 

Sales

 

12

 

01-31-2008

 

1,507,724,000

 

 

Reporter Comments

 

Comments

No credit history available.

All figures are consolidated into URBAN OUTFITTERS INC.

 

We suggest you a report on the parent company.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.74.42

Euro

1

Rs.62.71

 

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions