MIRA INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
URBAN SUBURBAN INC |
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Registered Office : |
2711 Centerville Road Suite 400, Wilmington, De 19808 |
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Country : |
United States |
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Date of Incorporation : |
22.07.1993 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Clothing Store |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
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Status : |
Moderate |
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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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United States |
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: |
Urban Suburban Inc |
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Address in the order: |
525 Seventh Ave., 12th Floor, New York NY 10018 |
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Legal Name: |
URBAN SUBURBAN INC |
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Legal Address |
2711 CENTERVILLE ROAD SUITE 400, WILMINGTON, DE 19808, USA (Registered Agent Address) |
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Operative Address |
525 7TH AVENUE SUITE 1210, NEW YORK, NY 10018, USA |
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Telephone: |
212.391.4499 |
ID : |
2344735 |
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Fax: |
212.382.3473 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
NA |
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Manager: |
Umesh Dimri |
Date Incorporated: |
July 22, 1993 |
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Staff: |
14 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Clothing store |
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BUSINESS
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PRINCIPAL ACTIVITY |
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The company operates as a contemporary womens apparel and accessory
store. |
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Products/Services description: |
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It offers tops, bottoms, dresses, jackets and accessories. |
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Sales are: |
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Wholesale |
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Brands: |
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DIMRI MIX NOUVEAU BIOGRAPHIE URBAN STUDIO WHAT EVA LUCKY & COCO |
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Clients: |
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Professionals of the industry, such as Macy´s, Dillard´s, Nordstrom
and Bloomingdales, among others... |
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Operations area: |
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National, Local |
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The company imports from Europe, India, among others... |
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The company does not export |
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Trade References: |
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The person contacted refused to provide us the names of their
suppliers for us to check trade references. |
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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: 525 7th Avenue Suite 1210, New York, NY 10018, USA |
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Comments on location: |
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At this location the company operates a showroom. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches we could not
identify the main shareholders and the person interviewed refused to provide
us any information on grounds of confidentiality. |
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Management: |
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Sunjiv Khandelwal, President Umesh Dimri, Vice President J P Naudinautiyal, Accountant |
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 but the
person interviewed refused to provide us any financial data on grounds of
confidentiality. |
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Comments on the financial data: The company is
listed as an INACTIVE CORP with the Secretary of State of Delaware. For this
our financial sources could not gather any financial information about the
subject. |
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Legal Fillings |
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There are 3 UCC** files listed with the
Secretary of State of Delaware: Filing Number: 96249616 Filing Date: 12-17-1996 Secured Party: OMNI COMMERCIAL CORP. Filing Number: 96249616 Filing Date: 01-17-1996 Secured Party: OMNI COMMERCIAL, LLC Filing Number: 0859041 Filing Date: 10-01-1984 Secured Party: OLPE STATE BANK 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
United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 not in Good Standing. This means that some local and federal taxes
were not paid on due date. |
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Final Opinion |
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This is a small sized company, with 14
employees and over 18 years of experience. The company is registered and active with
the Secretary of State of New York, Taking this into consideration, we suggest
working with GUARANTEES and a follow up report in 8 months to check if the
company has resolved its status issue. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Comments |
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We have called the company but the person interviewed refused to
provide us any kind of information about the subject on grounds of
confidentiality. We tried to ask her regarding the company`s status with the
SOS of Delaware but she explained that she was not authorized to provide any
kind of information. We left her our contact information but nobody has
called us back yet. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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UK Pound |
1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.