MIRA INFORM REPORT
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Report Date : |
21.06.2011 |
IDENTIFICATION DETAILS
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Name : |
LOUISVILLE BEDDING COMPANY |
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Formerly Known As : |
Louisville Pillow Company |
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Registered Office : |
10400 Bunsen Way, Louisville, KY, 40299 |
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Country : |
United States |
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Date of Incorporation : |
04.12.1986 |
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Com. Reg. No.: |
2109744 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Mattress Producer |
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 : |
800,000 USD |
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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: |
Louisville Bedding Company |
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Address in the order: |
10400 Bunsen Way Louisville KY 40299 |
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Legal Name: |
LOUISVILLE BEDDING COMPANY |
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Legal Address |
10400 Bunsen Way, Louisville, KY, 40299, USA |
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Telephone: |
+1 (502)-491-33 70 |
Registration Number : |
2109744 |
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Fax: |
+1 (502)-495-53 46 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Delaware |
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Website: |
Date Created: |
1986 |
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Manager: |
STEPHEN ELIAS, President and CEO |
Date Incorporated: |
December 04th, 1986 |
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Staff: |
600 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Mattress Producer |
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BUSINESS
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HISTORY |
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Louisville Bedding Company, Inc. was formerly known as Louisville
Pillow Company and changed its name to Louisville Bedding Company, Inc. in 1917.
The company was founded in 1889 and is based in Louisville, Kentucky. |
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PRINCIPAL ACTIVITY |
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Louisville Bedding Company has grown to be the World's largest
producer of mattress pads and as the global leader; Louisville Bedding Company, Inc. manufactures bedding products. |
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Products/Services description: |
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It offers bed pillows, mattress pads, bed skirts, foam mattress pads,
and decorative home furnishings. The company sells its products through
retail stores. |
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Sales are: |
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Wholesale |
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Brands: |
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- Nautica - Share the care - Croscill - Beautyrest - Simmons |
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Clients: |
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Distributors such as: Amazon.com Bed Bath & Beyond Belk BJ’s Wholesale Bloomingdale’s Boscov’s Cuddledown Dillard’s Fortunoff Great Sleep Home Goods JC Penney Linens N Things Marshalls Mervyn’s Overstock.com Ross Store Sam’s Club Sears The Great Indoors Tuesday Morning Value City Wal-Mart |
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Operations area: |
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National, International |
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The company imports from Worldwide |
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The company export to Worldwide |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references |
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The subject employs 600 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at the above address |
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The property is: |
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Owned |
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Comments on location: |
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The company is incorporated in Delaware for tax purposes. |
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Branches: |
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The company has 8 manufacturing and distribution points across the
U.S, Canada and China |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Management: |
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STEPHEN ELIAS, President MARY JO KISSEL, Vice President ROBIN OWENS, Secretary Robin Owens, Treasurer JOHN M MINIHAN, Director PRENTICE E BROWN JR, Director THOMAS BUETOW, Director |
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 |
85,000,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There
are no UCC** files listed with the Secretary of State of Delaware. Filing Number: 2007 4543251 Filing Date: 12-03-2007 Filing Jurisdiction: DELAWARE Filing Location: SECRETARY OF STATE/UCC DIVISION FEDERAL & DUKE OF YORK STS DOVER
DE 19901 Filing History: Filing Type Filing Date INITIAL FILING 12-03-2007 Secured Party: JPMORGAN CHASE BANK, N.A. Secured Party Address: PO BOX 33035 LOUISVILLE
KY 40232- 3035 Debtor: LOUISVILLE
BEDDING COMPANY Debtor Address: 10400 BUNSEN WAY LOUISVILLE
KY 40299- 2510 Collateral Description: 12/03/2007 2007 4543251 - CHATTEL PAPER AND
PROCEEDS;EQUIPMENT AND PROCEEDS;INVENTORY AND PROCEEDS;ACCOUNT(S) AND
PROCEEDS;GENERAL INTANGIBLE(S) AND PROCEEDS Filing Number: 2007 4543251 Filing Date: 12-03-2007 Filing Jurisdiction: DELAWARE Filing Location: SECRETARY OF STATE/UCC DIVISION Filing Number: 2007 4543251 Filing Date: 12-03-2007 Filing Jurisdiction: DELAWARE Filing Location: SECRETARY OF STATE/UCC DIVISION FEDERAL & DUKE OF YORK STS DOVER
DE 19901 Filing History: Filing Type Filing Date INITIAL FILING 12-03-2007 Secured Party: JPMORGAN CHASE BANK, N.A. Secured Party Address: PO BOX 33035 LOUISVILLE
KY 40232- 3035 Debtor: LOUISVILLE
BEDDING COMPANY Debtor Address: 10400 BUNSEN WAY LOUISVILLE
KY 40299- 2510 Collateral Description: 12/03/2007 2007 4543251 - CHATTEL PAPER AND
PROCEEDS;EQUIPMENT AND PROCEEDS;INVENTORY AND PROCEEDS;ACCOUNT(S) AND
PROCEEDS;GENERAL INTANGIBLE(S) AND PROCEEDS Filing Number: 2005212717299 Filing Date: 11-03-2005 Filing Jurisdiction: KENTUCKY Filing Location: SECRETARY OF STATE/UCC DIVISION 363-C VERSAILLES RD FRANKFORT
KY 40601 Filing History: Filing Type Filing Date INITIAL FILING 11-03-2005 CONTINUATION 09-02-2010 Secured Party: AMERITAS INVESTMENT ADVISORS Secured Party Address: 5900 O ST LINCOLN
NE 68510- 2234 Secured Party: AMERITAS INVESTMENT ADVISORS Secured Party Address: 5900 O ST LINCOLN
NE 68510- 2234 Secured Party: AMERITAS LIFE INSURANCE CORPORATION Secured Party Address: 5900 O\\' ST LINCOLN
NE 68510 Debtor: LOUISVILLE
BEDDING COMPANY Debtor Address: 10400 BUNSEN WAY LOUISVILLE
KY 40299- 2510 Debtor: LOUISVILLE
BEDDING COMPANY Debtor Address: 10400 BUNSEN WAY LOUISVILLE
KY 40299- 2510 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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This is large size company with several
years in the business. Looking at the company's financials, we
can see that the company is following as safe trend. Moreover, the profitability is correct and
the debt level is controlled. The company inspires confidence. At this time, we believe that the company
can bear a credit line in a range of 800,000 USD |
SUMMARY
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Profitability |
CORRECT |
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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Position |
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Operator |
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Comments |
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He was able to confirm some information in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.99 |
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UK Pound |
1 |
Rs.72.60 |
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Euro |
1 |
Rs.64.01 |
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.