MIRA INFORM REPORT
|
Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KRAZY KAT SPORTSWEAR LLC (KRAZY KAT) |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1978 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Design house and private label manufacturer |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Regular |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
|
Legal Name: |
Krazy Kat Sportswear Llc (Krazy Kat) |
||
|
Trade Name: |
Krazy Kat |
||
|
Legal Address |
|
||
|
Telephone: |
+1 (201) 438-6649 |
ID : |
0600032240 |
|
Fax: |
+1 (201) 438-6649 |
Legal Form: |
Limited Liability Company |
|
Email: |
Registered in: |
|
|
|
Website: |
Date Created: |
1978 |
|
|
Manager: |
Bansi Lakhani, President |
Date Incorporated: |
NA |
|
Staff: |
21 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Design house and private label manufacturer |
||
|
Name of the Bank |
CITIBANK |
|
HISTORY |
|
|
|
The company was founded in 1978 by brothers Bansi and Nari Lakhani. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company is a manufacturer of Woven tops and related items for the
casual but modern lifestyle. Their products feature prominently in Junior, Missy, Petite, Plus and
Maternity markets. The design studio is in |
|
Products/Services description: |
|
|
|
The company provides a wide range of woven products and also shirts,
t-shirts. |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Aeropostale Dressbarn Charming Shoppes Kohls Lane Bryant Maurices Among others... |
|
Operations area: |
|
|
|
National |
|
The company imports from |
|
|
The company does not export |
|
|
Trade References: |
|
|
|
The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
|
The subject employs 21 employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at |
|
Branches: |
|
|
|
1407 Broadway Rm 221 Phone: (212) 221-3040 Fax: (212) 391-1607 10018-3855 |
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company and the main shareholders are Bansi and Nari
Lakhani. |
|
Management: |
|
|
|
Bansi Lakhani, President Nari Lakhani, VP |
|
As a private company the subject does not
publish any financial statements. |
|
We have contacted the company but refused
to provide us any financial data on grounds of confidentiality |
|
Legal Fillings |
|
There
are 8 UCC’s files listed with the Secretary of State of New Jersey. There are no legal filings listed with the
District Court. For information: 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 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. |
|
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 is a small sized company with 21 employees and 32 years of experience. |
|
|
|
|
|
We don’t have any payment experience, and no trade references were provided. |
|
|
|
|
|
There were no legal fillings found against the company or its legal representativ |
|
es. |
|
|
|
|
|
Therefore, we suggest working with GUARANTEES. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profitability |
|
|
|
Low |
|
|
|
Public |
|
|
|
NO |
|
|
|
|
|
|
|
Indebtedness |
|
|
|
N.A. |
|
|
|
Payments |
|
|
|
REGULAR |
|
|
|
|
|
|
|
Cash |
|
|
|
N.A. |
|
|
|
|
|
|
|
|
|
|
|
Person Interviewed |
|
|
|
|
|
|
|
|
|
Receptionist |
|
|
|
|
|
|
|
Commen |
|
ts |
|
|
|
|
|
|
|
|
|
The receptionist refused to provide us any kind of information on grounds of confidentiality. |
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
|
|
Unit |
|
|
|
|
|
|
|
Indian Rupees |
|
|
|
|
|
|
|
US Dollar |
|
|
|
1 |
|
|
|
Rs. |
|
54.34 |
|
|
|
|
|
|
|
|
|
Pound |
|
|
|
1 |
|
|
|
Rs. |
|
86.97 |
|
|
|
|
|
|
|
Euro1 Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by :MNL |
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%)