MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
CHORUS GIRL INC |
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Registered Office : |
1407 Broadway |
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Country : |
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Date of Incorporation : |
21.08.1981 |
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Legal Form : |
Corporation for Profits |
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Line of Business : |
Women\'s Apparel |
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 : |
USD 30,000 |
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Status : |
Small Company |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Chours Girl Inc |
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Address in the order: |
41-15, |
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Comments on data supplied: |
Please note that the address provided is
that of the |
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Legal Name: |
Chorus Girl Inc |
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Legal Address |
1407 Broadway |
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Telephone: |
(212) 764-0575 |
ID : |
717975 |
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Fax: |
(212) 764-0575 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1981 |
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Manager: |
Roger Batra, President |
Date Incorporated: |
August 21st, 1981 |
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Staff: |
4 |
Stock: |
200 |
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Value: |
No Par Value |
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Activity: |
Women\'s Apparel |
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BANKS
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Name of the Bank |
BANK OF |
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Location |
1 PARK AVE |
BUSINESS
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HISTORY |
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The company was created in 1981. |
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PRINCIPAL ACTIVITY |
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This is a company engaged in Women's Apparel. |
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Products/Services description: |
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The company distributes women's apparel such as tops, bottoms & trends.
It is a garment import and sourcing company specialized in ladies casual
lifestyle. |
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Sales are: |
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Wholesale |
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Operations area: |
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National |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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1407 Broadway |
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Comments on location: |
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Headquarters |
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Branches: |
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41-15, |
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. Despite our long searches, we could not
identify the shareholders and the person contacted refused to provide that information
on grounds of confidentiality. |
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Management: |
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Roger Batra, President Sonu Batra, Vice President |
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 that refused to provide us any
financial data without knowing the name of the inquiring party. |
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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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Comments on the financial data: The company`s
estimated annual revenue is between USD 2.5 and 5 millions. |
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Legal Fillings |
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There are 7 UCC** files listed with the
Secretary of State of New York. 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 4 people. It has been in business for 29 years. A credit line may be considered for USD
30,000 |
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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Person Interviewed |
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Operator |
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Comments |
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The person contacted only confirmed the address of the company. He refused to provide any more information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.