MIRA INFORM REPORT

 

 

Report Date :           

20.05.2011

 

IDENTIFICATION DETAILS

 

Name :

DIRECT HOME TEXTILES GROUP, LLC

 

 

 

 

Registered Office :

1904 Rosewood Lane, Woodstock Ga 30189

 

 

 

 

Country :

United States

 

 

 

 

Date of Incorporation :

14.06.2005

 

 

 

 

Com. Reg. No.:

0541008

 

 

 

 

Legal Form :

Limited Liability Company

 

 

 

 

Line of Business :

Bed linens and towels distribution

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 5,000.

Status :

Small Company 

Payment Behaviour :

Usually Correct

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Direct Home Textiles Group

Address in the order:

1904 Rose Wood Lane Woodstock GA 30189

 

 

Legal Name:

DIRECT HOME TEXTILES GROUP, LLC

 

 

Legal Address

1904 ROSEWOOD LANE

WOODSTOCK GA 30189

 

 

Telephone:

(770) 591-9668

Registration Number :

0541008

Fax:

(770) 591-9668

Legal Form:

Limited Liability Company

Email:

info@dhtg.com

Registered in:

Georgia

Website:

dhtg.com

Date Created:

2005

Manager:

JOHN AZZOLINO, President

Date Incorporated:

June 14th, 2005

Staff:

11

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Bed linens and towels distribution.

 

 

BANKS

 

Name of the Bank

CITIBANK

 

 

BUSINESS

 

HISTORY

 

The company was created in 2005.

PRINCIPAL ACTIVITY

 

The company is engaged in Bed linens and towels distribution.

Products/Services description:

 

The company distributes the following products: towels, bath towels, throws, bed blankets, bedding, sheets, comforters, blankets, bed skirts, pillow cases and shams, cotton bedding, cotton sheets, cotton comforters, cotton blankets, cotton bed skirts, cotton pillow cases and shams.

Sales are:

 

Wholesale, Retail

Operations area:

 

National

The company imports from the countries were not specified.

The company does not export

The subject employs 11 employee(s)

LOCATION

Headquarters

 

The company is headquartered at: 1904 ROSEWOOD LANE,

WOODSTOCK, GA 30189, USA

Branches:

 

The company has a showroom at:

 

Suite 403

230 Fifth Avenue

New York, NY 10010

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is privately held.

 

John Azzolino and John Thornton are the owners.

Management:

 

JOHN AZZOLINO, President



Financials - COMMERCIAL TRENDS AND FORECAST

 

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

Legal Fillings

 There is 1 UCC** file listed with the Secretary of State of Georgia.

 

 

There are no legal filings listed with the District Court.

 

 

The last annual report was filed on 1/28/2011.

 

 

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

 

The subject has about 6 years experience in the business.

 

It is a small size company working on a national market and importing.

 

No adverse records have been found.

 

A credit line may be considered for USD 5,000.



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

APPENDIX

 

Comments

 

The operator informed us that the managers were not willing to disclose any information without knowing who the inquiring party is.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.98

UK Pound

1

Rs.72.68

Euro

1

Rs.64.16

 

 

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.