MIRA INFORM REPORT

 

 

Report Date :

17.05.2011

 

IDENTIFICATION DETAILS

 

Name :

DILLARD STORE SERVICES INC

 

 

Registered Office :

2394 E Camelback Rd.  Phoenix,  AZ  85016

 

 

Country :

United States

 

 

Date of Incorporation :

02.02.1996

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Department Stores

 

 

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 :

Exists

 

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

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United States

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


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Comments on data supplied:

Dear client:

 

The address you provided (1600 Cantrell Road Little Roack AR 72201) belongs to its mother company: DILLARD'S INC. We have learned that the company name you provided is actually located in 3101 W Chandler Boulevard Chandler, AZ 85226 that is why we proceed on making the report under that address.

Legal Name:

Dillard Store Services Inc

 

 

Legal Address

2394 E Camelback Rd.  Phoenix,  AZ  85016 (registered agent)

 

Operative Address

3101 W Chandler Boulevard Chandler, AZ 85226

Telephone:

+ 1 (480) 735-2060

ID :

0768524-6

Fax:

+ 1 (480) 735-2080

Legal Form:

Corporation for Profit

Email:

info@dillards.com

Registered in:

Arizona

Website:

www.dillards.com

Date Created:

1996

Manager:

Dwayne Kirk, Manager

Date Incorporated:

Februarynd 2nd, 1996

Staff:

240

Stock:

N.A

 

 

Value:

N.A

Activity:

Department Stores

 

 

BANKS

 

Name of the Bank

Jp Morgan Chase Bank

 

BUSINESS

 

HISTORY

 

The company was created in the 1996.

PRINCIPAL ACTIVITY

 

This company is categorized under department stores.

Products/Services description:

 

Women's apparel

Men's apparel

Junior's apparel

Shoes

handbags

Sales are:

 

Retail

Brands:

 

Nike

Cremieux

Gianni Bini

Michael Kors

Dansko

Clients:

 

General clientele

Suppliers:

 

Antonio Melani

BCBGeneration

Brahmin

Ralph Lauren

Operations area:

 

National

The company imports from Worldwide

The company does not export

The subject employs 240 employee(s)

PAYMENTS

 

regular

Branches:

 

There were no branches found for this company.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

DILLARD STORE SERVICES, INC. is a wholly owned subsidiary of Dillard's, Inc, a public company that trades at the stock exchange NYSE under ticker symbol "DDS". The company is headquartered in:

 

1600 CANTRELL RD,

LITTLE ROCK

AR 72201

Phone:+1 (501) 376-5200

Management:

 

Dwayne Kirk, Manager

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company; however we got an answering machine. We left a message though we didn't get 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(Consolidated from mother company)

 

Turnover

6,253,535,000

 

Operating Income

336,876,000

 

Net Income

179,620,000

 

Current Assets

4,374,166,000

 

Fixed Assets

2,086,720,000

 

Net worth

2,086,720,000

 

Liabilities

2,287,446,000

 

 

Currency

DATE

USD

2008

Turnover

40,300,000

Operating Income

1,800,000

Net Income

1,100,000

Net worth

4,300,000

Liabilities

1,000,000

The cash flow is

7




 




Legal Fillings

 There are 4 UCC file listed with the Secretary of State of Arizona:

 

 

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

 

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 company has been in business for 15 years. It has a staff of 240 employees which makes it a medium sized company.

 

There were no legal filings found against the company or its legal representatives.

 

We've tried to reach the company, though we got an answering machine.

 

This company is wholly own subsidiary of Dillards Inc (NYSE:DDS).

Due to the fact that there was no financial information found against the company, we gathered the financial information from its mother company.

 

It gave a correct profitability for the year 2010.

 

To fully secure the credit line granted, we suggest calling the parent company as a guarantor.

 

Therefore a credit line may be considered for USD 500,000

 




SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

YES

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

 

 

 

 



APPENDIX

 

Comments

 

We have contacted the company; however we got an answering machine. We left a message though we didn't get an answer yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.07

UK Pound

1

Rs.72.97

Euro

1

Rs.63.57

 

 

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 Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.