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Report No. : |
306483 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INTRADECO APPAREL, INC. |
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Registered Office : |
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Country : |
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Year of Establishment : |
1982 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
· Subject is supplies fashion basics and thermal underwear to retailers. · Provides product transportation and shipping services ·
Manufacturing facilities in |
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No. of Employee : |
140 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
UNITED STATES - ECONOMIC OVERVIEW
The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops below 6.5% or inflation rises above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and reduce them further as conditions warranted; the Fed, however, would keep short-term rates near zero so long as unemployment and inflation had not crossed the previously stated thresholds. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
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Source
: CIA |
INTRADECO APPAREL,
INC.
Address: 9500 NW 108th
Avenue, Miami, FL 33178 - USA
Telephone: +1
305-264-8888
Fax: +1 305-264-9994
Website: www.intradecoapparel.com
Corporate ID#: P01000011451
State: Florida
Judicial form: Corporation – Profit
Date incorporated: December
4, 2001
Date founded: 1982
Stock: 600
shares common
Value: USD
1= par value
Name of manager: Felix J. SIMAN Jr.
Business:
Established in 1982, Intradeco Apparel is a family-owned and operated
company that serves clients in the throughout the United States, Mexico and
Canada.
It supplies fashion basics and thermal underwear to retailers.
The company features a more than 200,000-square-foot distribution center
equipped with spinning, fabric knitting and dyeing mills.
It provides product transportation and shipping services.
Intradeco Apparel, Inc. was founded in 1982 and is based in Miami,
Florida with sales offices in Bentonville, Arkansas. It has design studios in
New York, El Salvador, and Miami; and distribution centers in Miami and El
Salvador. The company has manufacturing facilities in El Salvador.
Intradeco Apparel, Inc. operates as a subsidiary of Intradeco, Inc.
Office of the Foreign
Assets Control (OFAC):
The company is not listed on the OFAC list.
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.
Foreign suppliers
include:
SHANGHAI WINTEX GARMENT ORNAMENT CO
LTD NO 999 INDUSTRIAL RD JINHUI TOWN FENGXIAN SHANGHAI CHINA
M.G.S.GOVINDHARAAJULU CHETTIAR
SF # 753 B1 SALEM MAIN ROAD, MANMANGALAM, KARUR 639006 INDIA
EIN: 65-1157847
Staff: 140
Operations & branches:
At the headquarters, we
find a large showroom, warehouse and office, on
200,000 sq. foot, owned.
1370 Broadway, 7th Floor
New York, NY 10010
208 N. Walton Blvd. Suite 1
Bentonville, AR 72712
Intradeco, Inc.
9500 NW 108th Avenue
Miami, FL 33178
Management:
Felix J. SIMAN Jr., President
Jose E. SIMAN, Vice President, Secretary and Treasurer
As far as we know, they are involved in other corporations, including:
Intradeco, Inc.
9500 NW 108th Avenue
Miami, FL 33178
Duke Holding LLC
9500 NW 108th Avenue
Miami, FL 33178
In United States, privately
held corporations are not required to publish any financials.
On a direct call, a
financial assistant controlled the present report.
Sales declared for year
2014 is in the range of USD 25,000,000=
The business is profitable.
Banks: Ocean Bank
780 NW 42nd Avenue, Miami, FL
33126
Ph: +1 305-442-2660
Legal filings
& complaints:
As of today date, there is no legal filing pending with the Courts.
Secured debts
summary (UCC):
File number: 200602608196
Date filed: 05-09-2006
Lapse date: 05-09-2016
Secured Party: Wells Fargo Trade Capital Services, Inc.
100 Park Avenue, New York, NY 10017
File number: 201104676662
Date filed: 05-27-2011
Lapse date: 05-27-2016
Secured Party: Wells Fargo Bank
301 South College Street, Charlotte, NC
28202
File number: 201309955008
Date filed: 10-03-2013
Lapse date: 10-03-2018
Secured Party: Ocean Bank
780
NW 42nd Avenue, Miami, FL 33126