MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.12.2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Mail Order and Catalog Shopping |
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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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 – 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: |
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Address in the order: |
(TCS), |
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Legal Name: |
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Legal Address |
160 GREENTREE DRIVE SUITE 101 |
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Operative Address |
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Telephone: |
540 561 7672 / (540) 561-7777 |
ID : |
3578903 |
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Fax: |
NA |
Legal Form: |
Limited Liability Company |
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Email: |
NA |
Registered in: |
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Website: |
http://www.hanoverdirect.com (at Group level) |
Date Created: |
- |
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Manager: |
Don Kelley, President |
Date Incorporated: |
December 03, 2002 |
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Staff: |
450 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Mail Order and Catalog Shopping |
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BANKS
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Name of the Bank |
WACHOVIA BANK, NATIONAL ASSOCIATION |
BUSINESS
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PRINCIPAL ACTIVITY |
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Hanover Direct Operating Group LLC is a private company categorized under
Mail Order and Catalog Shopping. |
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Products/Services description: |
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Companies like Hanover Direct Operating Group LLC usually offer:
Online Catalogs, Online Catalog Shopping, Abc Catalog Shopping, Apparel
Catalog Shopping and Catalog Furniture Shopping. |
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Suppliers: |
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Triple One Co., Ltd. |
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Operations area: |
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National, Local |
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The company imports from |
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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 |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has a warehouse in |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. It operates as a subsidiary of Hanover
Direct, Inc. Tel: (201) 863-7300 Fax: (201) 272-3280 |
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Management: |
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HALLIE STURGILL, Vice President DON KELLEY, President FRANK LENGERS, Treasurer ANIEL J BARSKY, Secretary |
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 they
refused to provide any information on grounds of confidentiality. The
operator directed our call to Robin’s voicemail. We left her a message but
received no reply by the time we did this report. |
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Legal Fillings |
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There are 11 UCC** files listed with the
Secretary of State of 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 records 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 Low 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 company has been incorporated for
business for 8 years; it has a staff of 450 employees which makes it a medium
sized company. It operates as a subsidiary of Hanover Direct Inc. Due to the fact that we could not obtain any
financial figure for the year 2009, we strongly suggest working with
GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public |
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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Position |
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Operator |
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Comments |
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She verified the company’s address but refused to provide or verify
further information on grounds of confidentiality. She transferred our call to
Robin’s voicemail. We left her a message but received no reply by the time we
did this report. Unfortunately we could not verify this information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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.