MIRA INFORM
REPORT
|
Report Date : |
04.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
UNI HOSIERY CO INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
06.01.1988 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Apparel wholesaler |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500 000 |
|
|
|
|
\Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Uni Hosiery Co Inc |
||
|
Address in the order: |
|
||
|
Legal Name: |
Uni Hosiery Co Inc |
||
|
Legal Address |
|
||
|
Operative Address |
|
||
|
Telephone: |
+1 (323) 846-9900 |
ID : |
C1426390 |
|
Fax: |
+1 (323) 846-8800 |
Legal Form: |
Corporation for Profit |
|
Email: |
- |
Registered in: |
|
|
Website: |
Date Created: |
1982 |
|
|
Manager: |
Ha Chung, President |
Date Incorporated: |
January 6th, 1988 |
|
Staff: |
186 |
Stock: |
N/A |
|
|
|
Value: |
N/A |
|
Activity: |
Apparel wholesaler |
||
BANKS
|
Name of the Bank |
Bank Of |
|
Name of the Bank |
Pacific Union bank |
BUSINESS
|
|
|
HISTORY |
|
|
|
This company was created in the year 1982. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company engages as a retail of women's and men's apparel. |
|
Products/Services description: |
|
|
|
Lingerie sets Tank Tops Socks TightsT-shirts Underwear Among others. |
|
Sales are: |
|
|
|
Retail |
|
Brands: |
|
|
|
Top Pro Knocker Power Club Mamia Mopas |
|
Clients: |
|
|
|
General clientele |
|
Suppliers: |
|
|
|
Knocker Buruka Mamia Mopas |
|
Operations area: |
|
|
|
National, International, Local |
|
The company imports from Asia, |
|
|
The company export to |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at |
|
Surface area: |
|
|
|
200,000 Sq Ft |
|
Branches: |
|
|
|
The company has a branch located in It also has branches in |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
|
Management: |
|
|
|
Ha Chung, President Tina Suh, Account manager Rita Chung, Manager |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
||
|
Our agent tried to contact the company, but we kept getting an
answering machine. We left a voice mail, but we haven't got an answer yet. |
||
|
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. |
||
|
Currency |
DATE |
|
|
USD |
2010 |
|
|
Turnover |
30,680,638 |
|
|
Legal Fillings |
|
There are 19 UCC** files listed
with the Secretary of State of California. Although the company had four lawsuits back on 2007 related to a
'copyright infringement'; There are not current legal filings against the
company. 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
|
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. |
|
|
Final Opinion |
|
|
|
This is a medium sized company with 186 employees and 29 years of
experience. Although there were four lawsuits back on 2007; there are no recent
lawsuits found against the company or its legal representatives. The company gave a correct profitability for the year 2010. A credit line may be considered for USD 500,000 |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Comments |
|
|
|
Our agent tried to contact the company, but we kept getting an
answering machine. We left a voice mail, but we haven't got an answer yet. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.37 |
|
Euro |
1 |
Rs.62.33 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Company |
---- |
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.