MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BLUE STAR IMPORTS LP |
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Registered Office : |
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Country : |
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Date of Incorporation : |
04.02.2000 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Apparel and Accessories Distribution |
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 2,000,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Blue Star Imports LP |
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Address in the order: |
AS Agents For AEO Management Co |
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Legal Name: |
Blue Star Imports LP |
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Legal Address |
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Telephone: |
(724) 776-4857 |
ID : |
2922364 |
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Fax: |
(724) 776-4857 |
Legal Form: |
Limited Partnership |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
2000 |
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Manager: |
Hank Shechtman, Partner |
Date Incorporated: |
February 4th, 2000 |
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Staff: |
17 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Apparel and accessories distribution. |
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BANKS
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Name of the Bank |
Bank of |
BUSINESS
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HISTORY |
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The company was founded in 2000. |
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PRINCIPAL ACTIVITY |
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The company is engaged in apparel distribution. |
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Products/Services description: |
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The company distributes Women's, Children's, and Infants' Clothing and
Accessories. |
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Sales are: |
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Wholesale |
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The subject employs 17 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. It operates as a subsidiary of American Eagle Outfitters, Inc., which
trades at the "NYSE" stock exchange under the symbol
"AEO". |
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Management: |
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Roger Markfield, Partner Hank Shechtman, Partner |
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Related Companies: |
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The company has several sister companies, including: AE Admin Services Co LLC, a Ohio Limited Liability Company AE Corporate Services Co., a Delaware Corporation AE Direct AE Distribution Co., a Delaware Corporation AE Holdings Co., a Delaware Corporation |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company and were transferred to the voice mail
of Ms. Courtney, Accounting Department. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2009 (Consolidated with the Mother
company) |
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Turnover |
2,990,520,000 |
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Operating Income |
238,393,000 |
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Net Income |
169,022,000 |
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Current Assets |
1,167,030,000 |
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Fixed Assets |
971,118,000 |
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Net worth |
1,578,517,000 |
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Liabilities |
559,631,000 |
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The cash flow is |
normal |
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Currency |
DATE |
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USD |
2008 (Consolidated with the Mother
company) |
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Turnover |
3,000,000,000 |
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Operating Income |
302,000,000 |
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Net Income |
179,000,000 |
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Current Assets |
925,000,000 |
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Fixed Assets |
1,000,000,000 |
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Net worth |
1,400,000,000 |
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Liabilities |
554,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no UCC** files listed with the Secretary
of State of Pennsylvania. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction with
efforts to harmonize the law of sales and other commercial transactions in
all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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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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Final Opinion |
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This is a small sized American company. It
employs 17 people and has been in business for 10 years. To fully secure the credit line granted, we
suggest calling the parent company as a guarantor. A credit line may be considered for USD
2,000,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Accounting Department |
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Comments |
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We have contacted the company and were transferred to the voice mail
of Ms. Courtney, Accounting Department.
We left a message which kept unanswered. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.