MIRA
INFORM REPORT
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Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
LA JOLLA SPORT
U.S.A., INC. |
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Registered Office : |
17 Pasteur, Irvine, CA
92618 |
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Country : |
United States |
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Date of Incorporation : |
12.11.1993 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Retail Store of Sportwear
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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 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
LA JOLLA SPORT
U.S.A., INC.
Address
17 Pasteur, Irvine, CA 92618 – USA
Telephone : 949-588-7272
Fax : 949-428-2251
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
C1869200 California Corporation – Profit November 12, 1993 - - CEO : Toby BOST |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Sportwear retail store. Major brands include O'Neill, Lost
and Metal Mulisha. 100 |
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Operations & branches: |
At above address, we find
a large store on 30,000 sq. feet, owned. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. |
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Management : |
John WARNER is the
President. Since October 2006, Toby BOST
is the CEO. As far as we know, they
are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of USD 5,000,000=
The business is said to be
profitable.
Banks
Wachovia Bank
Irvine, CA
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 14 active UCC
files listed with the Secretary of State of California. |
MARKET
ANALYSIS & FORECAST
In the State of California,
during the year 2007:
- 12% of the corporations
in same branch were developing the business on a low risk of late payment,
- 84%, on a medium risk,
and
- 4% on a high risk of late payment.
- 76% of them saw sales
stable versus last 3 years
- 8% declining
- 16% growing
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
stable.
COMPANY
CREDIT HISTORY
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 10 to 15days
beyond terms.
The Company is improving
its payments, but the cash remains low, due to high inventories and the
stability of the market.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 60,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)