MIRA INFORM REPORT

 

 

Report Date :           

19.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SWAVELLE MILL CREEK FABRICS

 

 

Registered Office :

15 E 26th St, New York, NY 10010-1505

 

 

Country :

United States 

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Retail Sale of sewing supplies, fabrics, patterns, yarn and other needlework accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Undetermined

 

 

Payment Behaviour :

---

 

 

Litigation :

---

 


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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address 

 

Swavelle Mill Creek Fabrics

15 E 26th St

New York, NY 10010-1505

United States

Tel:       212-532-2003

 

 

Synthesis  

 

Employees:                   3

Company Type:            Private Independent

Financials in:                 USD (Millions)

Reporting Currency:       US Dollar

Annual Sales:               0.4

Total Assets:                 NA

 

 

Business Description     

 

Establishments primarily engaged in the retail sale of sewing supplies, fabrics, patterns, yarn and other needlework accessories.

 

Industry

Industry            Retail (Specialty)

ANZSIC 2006:    4259 - Other Personal Accessory Retailing

NACE 2002:      5241 - Retail sale of textiles

NAICS 2002:     451130 - Sewing, Needlework, and Piece Goods Stores

UK SIC 2003:    5241 - Retail sale of textiles

US SIC 1987:    5949 - Sewing, Needlework, and Piece Goods Stores

 

 

News   

 

Title                                                                                                                             Date

New Exciting Ways to Mix and Match Decors at Norman S. BerniePR Web (224 Words)     10-Oct-2011

Announcing New Arrivals at Norman S. Bernie Company PR Web (202 Words)                   26-Sep-2011

 

ABI Number: 403328791

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1


Corporate Overview

 

Location

15 E 26th St

New York, NY, 10010-1505

New York County

United States

Tel:       212-532-2003

 

Sales USD(mil):             0.4

Assets USD(mil):           NA

Employees:                   3

Industry:                        Retail (Specialty)

Company Type:             Private Independent

Quoted Status:              Not Quoted

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

·         Additional Information

 

Industry Codes

 

ANZSIC 2006 Codes:

4259     -          Other Personal Accessory Retailing

 

NACE 2002 Codes:

5241     -          Retail sale of textiles

 

NAICS 2002 Codes:

451130  -          Sewing, Needlework, and Piece Goods Stores

 

US SIC 1987:

5949     -          Sewing, Needlework, and Piece Goods Stores

 

UK SIC 2003:

5241     -          Retail sale of textiles

 

Business Description

Establishments primarily engaged in the retail sale of sewing supplies, fabrics, patterns, yarn and other needlework accessories.


 

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

0.4

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

California First Leasing Corp, Jules & Associates Inc

 

 

 

 

 

 

 

 

Additional Information

ABI Number:

403328791

 

 

 

 

 

Credit Report as of 02/01/2011

 

Location

15 E 26th St
New York, NY 10010-1505
United States

 

County:

New York

MSA:

New York, NY

 

Phone:

212-532-2003

 

ABI©:

403328791

 

Annual Sales:

$447,000 (USD)

Employees:

3

 

Facility Size(ft2):

2,500 - 9,999

 

Business Type:

Private

Location Type:

Single Location

 

Recommended Credit Limit *

   N/A

 

Primary Line Of Business:

SIC:

5949-02 - Fabric Shops

NAICS:

451130 - Sewing, Needlework, & Piece Goods Stores

 


Table of Contents

 

Profile Links

Similar Businesses in the Area

 

External Links

Similar Businesses in the Area *

 

Johnny Keeton Studios

37 E 29th St

New York, NY 10016-7917         

 

New Travel

292 5th Ave Ste: 4

New York, NY 10001-4513         

 

Richloom Home Fashions

261 5th Ave Ste: 12

New York, NY 10016-7794

 

Royal Sari House Inc

264 5th Ave Ste: 5

New York, NY 10001-6411         

 

Jeffrey Fabrics Inc

261 5th Ave Ste: 2001

New York, NY 10016-7700         

 

Duralee Fabrics Limited

295 5th Ave Ste: 705

New York, NY 10016-7103

 

Handel House Of Fabrics Inc

276 5th Ave Ste: 714

New York, NY 10001-4509         

 

Ny O Decorative Fabrics

267 5th Ave

New York, NY 10016-7503         

 

Carnegie Fabrics Inc

41 W 25th St Ste: 2

New York, NY 10010-2081

 

Leo & Yoshi

276 5th Ave Ste: 401

New York, NY 10001-4527

 

   * Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 5949-02 - Fabric Shops) regardless of size.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.77.58

Euro

1

Rs.67.58

 

 

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.