MIRA INFORM REPORT
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Report Date : |
26.05.2011 |
IDENTIFICATION DETAILS
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Name : |
WICKED FASHIONS INC |
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Registered Office : |
222 Bridge Plaza South
Fort Lee, New Jersey, 07024 |
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Country : |
United States |
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Date of Incorporation : |
06.05.1991 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Designs, Manufactures, and Markets apparels for men and women. |
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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 : |
USD 1,000,000. |
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Status : |
Satisfactory |
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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 – 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: |
Wicked Fashions Inc |
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Address in the order: |
222 Bridge Plaza South
Fort Lee NJ 07024 |
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Legal Name: |
Wicked Fashions Inc |
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Legal Address |
222 Bridge Plaza South Fort Lee, New Jersey,
07024 USA |
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Telephone: |
+1 (201) 242-5900 |
ID : |
1545673 |
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Fax: |
+1 (201) 242-8466 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
http://www.wickedfashionsinc.com/ |
Date Created: |
1991 |
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Manager: |
Mr. Daewon Khym, CEO |
Date Incorporated: |
May, 6th. 1991 |
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Staff: |
400 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Wicked Fashions, Inc.
designs, manufactures, and markets apparels for men and women. |
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BANKS
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Name of the Bank |
WELLS FARGO BANK, NA |
BUSINESS
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HISTORY |
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The company was founded
in 1991 |
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PRINCIPAL ACTIVITY |
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Wicked Fashions, Inc.
designs, manufactures, and markets apparels for men and women |
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Products/Services description: |
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It offers jeans, shirts, t-shirts,
jackets, denim, footwear, handbags, headwear, cold weather accessories,
eyewear, and leather goods. |
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Sales are: |
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Wholesale |
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Brands: |
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Southpole, WHITETag,
A.Prodigee, and RS By Sheckler |
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Clients: |
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Clothing Stores Professionals of the
industry |
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Suppliers: |
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The person contacted
refused to provide the name of the suppliers for us to check trade
references. |
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Operations area: |
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National, Local |
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The subject employs 400
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 the address listed above. |
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Branches: |
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The company has a
showroom at: 525 7th Avenue Suite 1707 - New York, NY
10018 - USA |
Shareholders - Manager - Related Companies
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Listed at the stock
exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private
company. The Khym family is the main shareholder. |
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Management: |
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Mr. Daewon Khym, Chief Executive
Officer Ms. Kenny Khym,
President/COO Mr. John Um, CFO |
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
operator of the company who refused to provide us any financial data
without knowing the name of the inquiring party. |
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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 |
407,999,905 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of New York. 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 a medium sized American company which employs 400 people and
has 20 years of experience in the market. There were no legal filings found against the company or its legal
representatives. It is a family owned business. The income per employee remains pretty high for the company's size. A credit line may be considered for USD 1,000,000.- |
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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The person contacted
refused to provide us any information 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.45.38 |
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UK Pound |
1 |
Rs.73.31 |
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Euro |
1 |
Rs.63.70 |
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.