MIRA INFORM REPORT
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Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
LAYTON HOME FASHION INC |
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Registered Office : |
8515 North Columbia Blvd, Portland OR 97203 |
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Country : |
United States |
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Date of Incorporation : |
30.06.1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturing Household Furnishings |
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 : |
USD 500,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
Comments on the rating:
A
Credit line maybe considered
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: |
Newport Layton Home Fashions |
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Address in the order: |
8515 North Columbia Blvd, Portland OR 97203 |
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Comments on data supplied: |
Dear client: The address you provided is that of the company's actual address. That
is why we proceed on making the report under that address. |
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Legal Name: |
Layton Home Fashion Inc |
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Legal Address |
8515 North Columbia Blvd, Portland OR 97203 |
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Telephone: |
+1 (503) 283-4864 |
ID : |
169691-15 |
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Fax: |
+1 (212) 447-6719 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Oregon |
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Website: |
Date Created: |
1954 |
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Manager: |
Larry Layton, President |
Date Incorporated: |
June 30th, 1983 |
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Staff: |
200 |
Stock: |
N.A |
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Value: |
N.A. |
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Activity: |
Manufacturing Household Furnishings |
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BANKS
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Name of the Bank |
SECURITY PACIFIC BANK OREGON |
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Name of the Bank |
FIRST INTERSTATE BANK OF OREGON
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Name of the Bank |
KEYBANK NATIONAL ASSOCIATION |
BUSINESS
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HISTORY |
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This company was created in the year 1954. |
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PRINCIPAL ACTIVITY |
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The company offers blinds and shades solutions in a wide variety of
vertical, aluminum and wood blinds; cellular and woven wood shades; and sheer
vertical window treatments. The company recently expanded its product
offering to include beautiful decorative drapery hardware, distributed
nationally through home centers and other retailers. |
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Products/Services description: |
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Bath products Bedding products Pillows |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries such as: Fred Meyer Sears JC Penney Bed Bath & Beyond TJ Maxx/Marshalls Dillards Bloomingdales Among many others. |
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Operations area: |
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National, Local |
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The company imports from Asia and Europe |
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The company does not export |
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PAYMENTS |
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regular |
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Surface area: |
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105,000 Sq Ft |
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The property is: |
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Owned |
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Comments on location: |
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The following address mentioned on the previous report: 14546 N Lombard St, Portland, OR 97203-6462 Is that of the company's old address as confirmed by the
representative we've talked to. |
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Branches: |
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The company has another branch located in: 295 Fifth Ave New York, NY 10016. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held and has Larry Layton as the main
shareholder. |
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Management: |
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Larry Layton, President Sandy Uhalde, Chief Operating Officer Jan Smith, IT Executive Ida Conner, Finance Executive Peggy Freeman, Human Resources Executive |
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 Noy Johnson who confirmed basic information; however
she refused to provide us any financial data on grounds of confidentiality. |
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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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Currency |
DATE |
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USD |
2010 |
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Turnover |
30,000,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
10,800,000 |
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Comments on the financial data: The company
showed a relevant increase compared to the year 2008, due to the new branch
located in New York. |
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Legal Fillings |
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There are several UCC files listed with the Secretary
of State of Oregon. 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 medium 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 medium sized company with 200
employees and 57 years of experience. There were no legal filings found against
the company or its legal representatives. The company gave a correct profitability
for the year 2010. In addition, there was a significant
increase on the revenue compared to the year 2008. Therefore a credit line may be considered
for USD 500,000. |
SUMMARY
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Profitability |
GOOD |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Noy Johnson |
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Position |
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Representative |
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Comments |
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She confirmed basic information, such as the company's address and
their new branch located in New York; however she refused to provide us any
financial data 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.44.29 |
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UK Pound |
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.17 |
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.