MIRA INFORM REPORT
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Report Date : |
23.02.2011 |
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 : |
31.03.1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Bedding Products Distribution |
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: |
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Comments on data supplied: |
Dear client, Your order was on: We found the company Scandia Down LLC incorporated in the Secretary of
State of Delaware and headquartered in |
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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: |
(608) 791-5829 / (201) 863-7300 / 540 561 76 72 / 608/791-5888 |
ID : |
3024396 |
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Fax: |
608-791-5892 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
- |
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Manager: |
John Di Francesco, President |
Date Incorporated: |
March 31, 1999 |
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Staff: |
1975 (at group level) |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Bedding products distribution |
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BANKS
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Name of the Bank |
WACHOVIA BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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Scandia Down LLC in |
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Products/Services description: |
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The company offers bedding products including down comforters, pillows
sheeting, towels and related products |
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Brands: |
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SCANDIA HOME |
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Suppliers: |
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Narayan Industries |
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Operations area: |
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National, International, Local |
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The company imports from worldwide |
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The company exports to |
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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 several locations, including |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held. Scandia Down, Llc 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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John Di Francesco, President David Pipkorn, Vice President & General |
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Related Companies: |
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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 Melissa but she refused
to provide us any financial data on grounds of confidentiality. |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of There was 1 legal filing listed with the
District Court. Powlus et al v. Chelsey Direct, LLC et al Share | Plaintiffs: Darryl Powlus and John
Novajosky Defendants: Chelsey Direct, LLC, Hanover Direct, Inc., Scandia Down, LLC,
Case Number: 1:2009cv10461 Filed: December 23, 2009 Court: Office: County: NewYork Presiding Judge: Judge P. Kevin Castel Nature of Suit: Intellectual Property -
Copyrights Cause: 17:101 Copyright Infringement Jurisdiction: Federal Question Jury Demanded By: Plaintiff 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 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 11 years; it has a staff of 1975 employees (at group level) which makes
it a large 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 Records |
YES |
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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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Person Interviewed |
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Melissa Dolle |
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Position |
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Accounting department |
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Comments |
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She refused to provide or verify any information on grounds of
confidentiality. However, she did inform us that the address provided is that
of a branch. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.41 |
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.