MIRA INFORM REPORT
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Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
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Name : |
CHF INDUSTRIES INC |
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Registered Office : |
1 Park Ave, Ste 9, New York, NY 10016-5803 |
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Country : |
United States |
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Year of Establishment : |
1928 |
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Legal Form : |
Private Parent |
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Line of Business : |
manufacturer and marketer
of home fashion products |
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 : |
$100,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Company name & address
CHF Industries Inc
1 Park Ave
Ste 9
New York, NY 10016-5803
United States
Tel: 212-951-7800
Fax: 212-951-8001
Websites www.chfindustries.com
Synthesis
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Employees: |
1,201 |
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Company Type: |
Private Parent |
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Corporate
Family: |
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Incorporation
Date: |
1928 |
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Reporting
Currency: |
NA |
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Annual Sales: |
NA |
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Total Assets: |
NA |
Business Description
CHF Industries Inc. is a manufacturer and
marketer of home fashion products, including window curtains, decorative
bathroom products and fashion bedding and accessories. The company's offerings
are sold in retail stores throughout the U.S. It is headquartered in New York,
N.Y., and operates manufacturing facilities in Charlotte, N.C.; Chicago, Ill.;
Dallas, Texas; Fall River, Mass.; Kaufman, Texas; and Loris and Clinton, S.C.
Industry
Industry Textiles - Non Apparel
ANZSIC 2006: 1333 - Cut and Sewn Textile Product Manufacturing
NACE 2002: 1740 - Manufacture of made-up textile articles, except apparel
NAICS 2002: 31412 - Curtain and Linen Mills
UK SIC 2003: 1740 - Manufacture of made-up textile articles, except apparel
US SIC 1987: 2391 - Curtains and Draperies
Key Executives
Name Title
Frank Foley President
& Chief Executive Officer
Camillo Faraone Chief Financial
Officer
Katy Chapman Vice
President-Strategic Market Development
John Witkowski Director-Sales
& Marketing
Joan Karron Executive Vice
President-Design Development
1 - Profit & Loss Item Exchange Rate: USD 1 =
2 - Balance Sheet Item Exchange Rate: USD 1 =
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Corporate Family |
Corporate Structure News: |
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CHF Industries
Inc |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
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Parent |
New York, NY |
United States |
Textiles - Non Apparel |
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1,201 |
IUSA |
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Branch |
Fall River, MA |
United States |
Furniture and Fixtures |
222.8 |
400 |
IUSA |
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Subsidiary |
Charlotte, NC |
United States |
Furniture and Fixtures |
210.0 |
200 |
IUSA |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.53 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.62.98 |
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.