MIRA INFORM REPORT
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Report Date : |
18.03.2011 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN DAWN INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.06.1980 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer of textile products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: |
American Dawn Inc |
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Address in the order: |
401, |
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Legal Name: |
American Dawn Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (310) 223-2000 |
ID : |
C0990946 |
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Fax: |
+1 (310) 223-2017 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1972 |
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Manager: |
Mahmud Rawjee, CEO |
Date Incorporated: |
June 24, 1980 |
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Staff: |
200 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer of textile products. |
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BUSINESS
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HISTORY |
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The company was created in the year 1972. |
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PRINCIPAL ACTIVITY |
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The company manufactures textile products that are distributed to wholesale,
commercial, and retail markets. |
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Products/Services description: |
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Industrial aprons and towels Bed linens Blankets and surgical towels and patient gowns Chef and butcher uniforms |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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Eileen West Alexander Julian |
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Suppliers: |
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Eileen West Alexander Julian |
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The company imports from
Worldwide |
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The company does not export |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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The subject employs 200 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Branches: |
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The company has several offices throughout the Address: Fax: 847.472.9200 Address: Fax: 404.696.4909 Address: Fax: 713.681.9915 Address: Fax: 856.467.9277 |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Habib Rawjee, Co-President Mr. Ernest Turocy, Chief Operating Officer and Executive Vice
President Mr. Jim Fitzgibbons, Executive Director Mr. Steve Puckett, Vice President of Sales - Home Fashions Division Mr. Rob Harloe, Director of Operations |
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 the
receptionist who refused to provide us any financial data on grounds of
confidentiality. |
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Legal Fillings |
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There are 50 UCC** files listed with the
Secretary of State of California. 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 ** 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
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Local credit bureau gave a Low 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 company has been incorporated for business for 38 years; it has a
staff of 200 employees which makes it a big sized company. There were no legal filings found against the company or its legal
representatives and we did found payment experience. However, no financial
data was found. Therefore, we suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Position |
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Receptionist |
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Comments |
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We have contacted the receptionist who 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.45.24 |
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1 |
Rs.72.57 |
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Euro |
1 |
Rs.63.00 |
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 |
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.