MIRA
INFORM REPORT
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Report Date : |
24.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHANE CO. |
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Registered Office : |
8085 South Chester Street, Suite 300, Centennial, CO 80112 |
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Country : |
United States |
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Date of Incorporation : |
01.07.1971 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Retailer of
Jewelry. |
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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
SHANE CO.
Address
8085 South Chester Street, Suite 300, Centennial, CO
80112 – USA
Telephone : 303-792-3500
Fax : 303-792-0340
Website : www.shaneco.com
summmary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
19871270356 Colorado Corporation – Profit July 1st, 1971 20,000 shares common No par value Thomas M SHANE |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Importer and retailer of
jewelry. 706 |
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Operations & branches: |
At above address, we find
the Corporate office, on lease. The Company maintains 23
stores in the U.S. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Thomas M. SHANE is the Executive
Chairman and CEO. As far as we know, he is
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 excess USD 20,000,000=
The business is said to be
profitable.
Banks
Bank of America
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) : |
None |
MARKET
ANALYSIS & FORECAST
In the United States,
during the year 2007:
- 4% of the corporations in same branch were developing the
business on a low risk of late payment,
- 80%, on a medium risk,
and
- 16% on a high risk of
late payment.
- 88% of them saw sales
stable versus last 3 years
- 8% declining
- 4% 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
low.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 91% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 days beyond
terms.
The Company maintains its
business it spite of a bad conditions 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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.83 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.67.26 |
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%)