MIRA INFORM REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HORNY TOAD ACTIVEWEAR, INC. |
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Registered Office : |
C/O The Corporation Trust Company, Corporation Trust Center 1209
Orange Street Wilmington New Castle, De 9801 |
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Country : |
United States |
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Date of Incorporation : |
17.12.1999 |
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Com. Reg. No.: |
3144456 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of clothes |
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 150,000. |
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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 |
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: |
Horney Toad Activewear Inc |
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Address in the order: |
15 West Mason Street, Santa Barbara CA 93101 |
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Legal Name: |
HORNY TOAD ACTIVEWEAR, INC. |
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Legal Address |
C/O THE CORPORATION TRUST COMPANY CORPORATION TRUST CENTER 1209 ORANGE STREET WILMINGTON NEW CASTLE DE 9801 (registered agent\'s address) |
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Operative Address |
15 W. MASON STREET SANTA BARBARA CA 93101 |
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Telephone: |
(805) 957-1474 |
Registration Number : |
3144456 |
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Fax: |
N.A. |
Legal Form: |
Corporation for Profit |
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Email: |
info@hornytoad.com |
Registered in: |
Delaware |
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Website: |
www.hornytoad.com |
Date Created: |
1997 |
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Manager: |
Gordon Seabury - President |
Date Incorporated: |
December 17, 1999 |
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Staff: |
70 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacturer of clothes |
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BANKS
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Name of the Bank |
VALLEY VIEW STATE BANK |
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Name of the Bank |
WELLS FARGO (HSBC) TRADE BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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The subject is a manufacturer and seller of men and women outdoor
clothes. |
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Products/Services description: |
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Shirts T. Shirts Pants Shorts Jackets Acessories ... |
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Sales are: |
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Retail |
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Brands: |
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Horny Toad |
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Clients: |
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The General Public |
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Operations area: |
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National, Local |
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The company does not export |
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The subject employs 70 employee(s) |
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LOCATION |
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Headquarters |
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15 W. MASON STREET SANTA BARBARA CA 93101 |
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Branches: |
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Horny Toad Freeport Store 11 Bow Street Freeport MAine 04032 Lizard Lounge 1323 NW Irving Street Portland OR 97209 |
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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 it has not been possible to identify the
shareholders. The person contacted at the company refused to provide that
information on grounds of confidentiality. |
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Management: |
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Gordon Seabury - President |
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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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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 |
22,000,000 |
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There are several UCC** files listed with
the Secretary of State of Delaware. 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 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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The company has 14 years experience in the
business. It is a medium size company that
specializes in outdoor clothes. No adverse record has been found. A credit line may be considered for USD
150,000. |
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SUMMARY
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Profitability |
N.A. |
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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Comments |
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The operator informed us that they do not release any information
without knowing the name of the inquiring party. |
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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.44.68 |
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UK Pound |
1 |
Rs.73.05 |
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Euro |
1 |
Rs.64.29 |
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.