MIRA
INFORM REPORT
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Report Date : |
01.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SINDRELLA, DISTRIBUTORS, LLC. |
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Registered Office : |
1233 39th Street, Brooklyn, NY
11218 |
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Country : |
United States |
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Date of Incorporation : |
18.03.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Women Apparel. |
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 8,000 |
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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 |
8,000 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: |
Sindrella, Distributors, Llc. |
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Address: |
1233 39th
Street, Brooklyn,
NY 11218, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (917) 804-5244 + 1 (718) 627-6369 NA New York Habib Halabi, Director |
Date founded: |
March 18, 2004
Limited Liability Company N.A. N.A. 3 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Women
apparel. |
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BANKS
Chase Bank
BUSINESS
Operations & Business:
Sindrella,
Distributors, Llc. is a private limited liability corporation located in
Brooklyn, New York..
Sindrella, Distributors,
Llc. is specialized in wholesaling women apparel.
Industry
Overview:
Consumer spending and fashion trends drive demand. The profitability of
individual companies depends on effective merchandising and marketing.
Large companies have advantages in purchasing, distribution, and
marketing. Small companies can compete effectively by offering unique
merchandise, providing superior customer service, or delivering a distinctive
store experience.
The industry is labor-intensive: average annual revenue per worker is
$130,000. The companies’ format, objective and marketing style focus on the
target market.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Habib Halabi, Director.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Sindrella, Distributors, Llc. does not publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover
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356,000 |
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Operating
Profit |
18,000 |
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Net
Income |
11,000 |
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Net
Worth |
80,000 |
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Liabilities |
20,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2006 by
Middlegate Factors LLC securing Accounts Receivables. Amount : NA
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 45 days basis.
Our final opinion
This is a small Company working in the US.
Taking into consideration the small size and fair financial figures of the
company, a reasonable credit line can 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 |
ADVISED CREDIT
8,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)