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Report Date : |
13.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
ELLERY HOLDINGS LLC |
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Registered Office : |
C/O Corporation Service Company, 2711 Centerville Road Suite 400, Wilmington New Castle, De 19808 |
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Country : |
United States |
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Date of Incorporation : |
18.11.2010 |
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Com. Reg. No.: |
4900821 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturing and distributing: Household goods, Textiles, Apparel and
Accessories |
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No. of Employees : |
130 |
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 800,000 |
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Status : |
Good |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
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Ordered as: |
Ellery HomeStyles LLC |
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Address in the order: |
295 Fifth Avenue 1212 New York NY 10016 USA |
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Comments on data supplied: |
The correct name of the company is ELLERY HOLDINGS LLC. Ellery
HomeStyles LLC is the trade name. |
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Legal Name: |
ELLERY HOLDINGS LLC |
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Trade Name: |
Ellery HomeStyles LLC |
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Legal Address |
C/O CORPORATION SERVICE COMPANY 2711 CENTERVILLE ROAD SUITE 400 WILMINGTON NEW CASTLE, DE 19808 (registered agent’s address) |
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Operative Address |
295 Fifth Avenue 1212 New York NY 10016 USA |
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Mailing Address |
295 Fifth Avenue 1212 New York NY 10016 USA |
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Telephone: |
2124484422 |
Registration Number : |
4900821 |
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Fax: |
2124484422 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
DELAWARE |
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Website: |
Date Created: |
NA |
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Manager: |
Garfinkel, Bruce ( PRESIDENT) |
Date Incorporated: |
NOV 18 2010 |
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Staff: |
130 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturing and distributing: Household goods, Textiles, Apparel and
Accessories |
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Name of the Bank |
WELLS FARGO BANK |
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Location |
100 PARK AVE FL 2ND NEW YORK
NY 10017 |
BUSINESS
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HISTORY |
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The company was incorporated in 2010. |
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PRINCIPAL ACTIVITY |
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Their main Activity is design
and supply customers with their brands and private label home-fashion products
to major retailers - offering curtains, bedding, throws and specialty
products |
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Products/Services description: |
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Fashion Design Services:
Curtains & Drapery, Bedding, Throws,Blankets |
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Sales are: |
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Wholesale |
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Brands: |
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eclipse™, Waverly®, Vue™, Curtainfresh™, ComfortTech™, Sound Asleep™,
Historic Charleston Collection™,Parasol™ |
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Clients: |
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Their clients are,big box specialty retailers, mid-tier department stores,
and discounters, including Target, Wal-Mart, Kmart, J.C. Penney, Sears, Bed,
Bath and Beyond, Lowe's. |
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Suppliers: |
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First Ready Limited Room 2604,26 F C.c.wu Building 302 Hong Kong Nantong Heritage Home Textiles LimiTed Chuangang Town,tongzhou City Ji China High Hope Zhongding Corppration China
Room 501 Xinwanli Plaza Qingdao Bright Lienes Co., Ltd China Room A501, Dongfang Biz Building Qingdao Y.l.s. Textiles Co.,ltd China No.168 Fumin Road,jiaodong Benetex South Korea Hongqiao Road No.23 Qingdao Luxmo Hometextile Co., Ltd 1302 Tian Hong Mansion China Qingdao Kingtex Imp.& Exp.co.,ltd China 3-1-1203 Zhong Shang Plaza |
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Operations area: |
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National, Local |
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The company imports from China, Pakistan, Hong Kong, South Korea |
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The subject employs 130 employee(s) |
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LOCATION |
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Headquarters |
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295 5th Avenue New York, NY 10016-7103 |
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Surface area: |
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17,000 sq. foot |
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Comments on location: |
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The company is incorporated in Delaware for tax purposes. However, it is headquartered in new York. |
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Branches: |
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Ellery Holdings LLC 18631 Nc Highway 71, Lumber Bridge NC |
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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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The company is privately owned. Despite our long searches it has not been possible to identify the
shareholders. The person contacted at the company refused to provide that
information on grounds of confidentiality. |
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Management: |
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Distribution Center Manager:
DennisKinlaw Vice President of Operations: Michael Liff Human Resources Manager: Margie Hamlet Eason President: Bruce Garfinkel Vice President, Product Development: Angela Boswell, Angela Chief Financial Officer: Michael Zhang The person contacted refused to confirm. |
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Related Companies: |
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ELLERY HOMESTYLE CORP |
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As a private company the subject does not publish any financial
statements. |
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We have contacted Michael Zhang who refused to provide us any financial
data on grounds of confidentiality/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 |
135,000,000 |
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Legal Fillings |
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There are no 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. |
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Local credit bureau gave a normal 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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The company is a designer and distributor of home linen. It was created 11 years ago, and is headquartered in New York. It is a medium size company with 130 employees. No adverse record has been found. Also, they work with a well known bank that grants them credit lines. It imports from Asia and the Middle East. Based on the information gathered, a credit line may be considered for
USD 800,000. |
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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Person Interviewed |
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Michael Zhang, Chief Financial Officer |
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Position |
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Chief Financial Officer |
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Comments |
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He refused to provide any additional information that he considered
that could be sensitive information for this company. they could provide information
if they know the name of the inquirer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.94 |
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1 |
Rs.78.25 |
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Euro |
1 |
Rs.65.39 |
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 |
-- |
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.