MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
URBAN OUTFITTERS, INC. |
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Registered Office : |
5000 S. Broad Street,
Philadelphia, PA 19019 |
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Country : |
United States |
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Financial as on : |
31.01.2008 |
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Date of Incorporation : |
05.08.1976 |
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Legal Form : |
Public Company |
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Line of Business : |
Retail Stores |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 5,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
URBAN OUTFITTERS, INC.
Address
5000 S. Broad Street, Philadelphia, PA 19019 – USA
Telephone : 215-454-5500
Fax : 215-454-5163
Website : www.urbn.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
636814 Pennsylvania Public Company (NASDAQ:
URBN) August 5, 1976 167,102,614 shares common outstanding on June 6, 2008. $0.0001 par value Richard A. HAYNE |
ACTIVITIES
& OPERATIONS
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Business Staff: |
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. The company was founded in 1970 and is based in Philadelphia, Pennsylvania. 5,100 |
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Operations & branches: |
At above address, we find
a large office building, owned. The Company maintains
numerous branches in the U.S. and worldwide, through subsidiaries. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
Public Company quoted with the NASDAQ under symbol URBN. 91% is held by institutional and pension fund owners, including:
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Management : |
Richard A. HAYNE is the
Chairman, President and Director. Glen T. SENK is the CEO
and Director. John E. KEYES is Vice
President and CFO. |
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Subsidiaries & Partnership : |
There are numerous subsidiaries worldwide. |
FINANCIALS
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Banks
JP Morgan Chase Bank
Bank of America
The Bank of New York
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
There are numerous UCC
files. |
MARKET
ANALYSIS & FORECAST
In the State, during the
year 2007:
- 84% of the corporations in
same branch were developing the business on a medium risk of late payment,
- 16% on a high risk of
late payment.
- 24% of them saw sales
stable versus last 3 years
- 76% declining
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market appears to be
slow.
COMPANY
CREDIT HISTORY
Sales decreased during the
first 6 months in 2008, but the Company remains profitable.
According to our credit analysts, during the last 6 months, 86% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 15 days beyond
terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 5,000,000+ |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)