|
|
|
MIRA
INFORM REPORT
|
Report No. : |
497338 |
|
Report Date : |
17.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOUISE PARIS, LTD |
|
|
|
|
Registered Office : |
1407 Broadway, Ste 1405, New York, New York, 10018, Usa |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
14.11.1977 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Manufactures and markets women's clothing and apparel. |
|
|
|
|
No. of Employees : |
54 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
United States |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, 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, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US 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.
The onrush of technology has been a driving factor in 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. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. 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 and oil has a major impact on the overall health of the economy. 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. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US 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, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. 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, 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. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
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 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
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 Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - 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 dropped below 6.5% or inflation rose 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 further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%
|
Source
: CIA |
STATUTORY INFORMATION |
|
|
Legal Name: |
LOUISE PARIS, LTD. |
|
Trade Name: |
LOUISE PARIS HIGHWAY JEANS |
|
ID: |
454939 |
|
Date Created: |
1977 |
|
Date Incorporated: |
NOVEMBER 14, 1977 |
|
Legal Address: |
1407 BROADWAY STE 1405 NEW YORK, NEW YORK, 10018, USA |
|
Operative Address: |
1407 BROADWAY STE 1405 NEW YORK, NEW YORK, 10018, USA |
|
Telephone: |
212-354-5411 |
|
Fax: |
212-354-5196 |
|
Legal Form: |
CORPORATION |
|
Email: |
- |
|
Registered in: |
NEW YORK |
|
Website: |
www.louiseparis.com |
|
Contact: |
SALOMON BARNATHAN – Chief Executive Officer |
|
Staff: |
54 |
|
Activity: |
NAICS 1: Women's, Children's, and Infants' Clothing and Accessories
Merchant Wholesalers SIC 1: Women's And Children's Clothing |
|
|
|
|
Banks: |
BANK OF AMERICA MILBERG FACTORS, INC. |
|
|
|
|
History: |
The company was founded in 1977 and is based in New York, New York. |
|
|
|
PRINCIPAL ACTIVITY |
|
|
|
Louise Paris, Ltd. manufactures and markets women's clothing and
apparel. |
|
Products/Services description: |
The company offers jeans, pants, sweaters, jackets, blouses, shirts,
etc. |
|
Brands: |
LOUISE PARIS HIGHWAY JEANS |
|
Sales are: |
Wholesale |
|
Clients: |
C.I. Iblu Sociedad Por Acciones Simplificada |
|
Suppliers: |
House Of Windsor Corp. Shaoxing Shangju Textile Co., Ltd. Dongyang Mascara Imp.&Exp. Jiangsu East-Glory Enterprises Co., Ltd. Danyang Ronghua Trade Co., Ltd. Nanjing Foreign Trade Co Ltd Jasmine Apparel （Hangzhou） Co.,Ltd. Xinda Huatai Imp & Exp Co.,Ltd. Jerkin Wears Ltd Raft Garments Barma & Co. Shahpur Apparel |
|
Operations area: |
National and International |
|
The company imports from |
CHINA BANGLADESH INDIA PAKISTAN |
|
The company exports to |
COLOMBIA |
|
The subject employs |
54 employees |
|
Payments: |
Regular |
|
|
|
LOCATION |
|
|
Headquarters : |
1407 BROADWAY STE 1405 NEW YORK, NEW YORK, 10018, USA |
|
Comments on Address: |
- |
|
Branches: |
No other branches were found. |
|
Related Companies: |
No related companies were found. |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
The company does not disclose information on shareholders. We were not
able to confirm major holders. |
|
Management: |
SALOMON BARNATHAN – Chief Executive Officer Albert Barnathan - Vice President Joseph Barnathan - Vice President Joseph Lozano - Chief Operating Officer |
|
|
|
FINANCIAL INFORMATION |
|
|
|
The company does not make its financial
statements public. The following information has been provided by private
sources: |
|
|
|
|
USD 2016 |
|
|
Revenue |
14.000.000 |
|
Cash flow |
Normal |
|
|
|
LEGAL FILINGS |
|
|
|
|
|
PATENTS |
No records found. |
|
|
|
|
GOVERNMENT CONTRACTS |
No records found. |
|
|
|
|
CASES |
|
|
|
Star Fabrics Inc v. Louise Paris Ltd et al Plaintiff: Star Fabrics Inc Defendant: Does, Louise Paris Ltd and Rainbow USA Inc Case Number: 2:2017cv06540 Filed: September 5, 2017 Court: California Central District Court Presiding Judge: Michael R. Wilner Nature of Suit: Other Fabric Selection, Inc. v. Louise Paris, Ltd. et al Plaintiff: Fabric Selection, Inc. Defendant: Does, Louise Paris, Ltd. and Ross Stores, Inc. Case Number: 2:2017cv05584 Filed: July 27, 2017 Court: California Central District Court Referring Judge: John E. McDermott Presiding Judge: Ronald S.W. Lew Nature of Suit: Other Unicolors, Inc. v. Louise Paris, Ltd. et al Plaintiff: Unicolors, Inc. Defendant: DOES, Louise Paris, Ltd. and United Fashions of Texas, LLC Case Number: 2:2017cv00282 Filed: January 12, 2017 Court: California Central District Court Referring Judge: Paul L. Abrams Presiding Judge: Michael W. Fitzgerald Nature of Suit: Copyright |
|
TRADEMARKS |
NOK NOK women's wearing apparel; namely, suits, shirts, blouses, jackets,
skirts, trousers and shorts and women's sportswear; namely… Owned by: Louise Paris Ltd. Serial Number: 74205006 WHO'S THERE children's garments; namely, tops and bottoms Owned by: Louise Paris Ltd. Serial Number: 74211044 CHEVERE women's wearing apparel; namely, suits, shirts, blouses, jackets,
skirts, trousers, shorts, rompers, jumpers, vests, shortalls… Owned by: Louise Paris Ltd. Serial Number: 74326853 LOUISE PARIS women's wearing apparel; namely, suits, shirts, blouses, jackets,
skirts, trousers, shorts, rompers, jumpers, vests, shortalls… Owned by: Louise Paris Ltd. Serial Number: 74359317 WHO'S THERE? women's wearing apparel; namely, suits, shirts, blouses, jackets,
skirts, trousers, shorts, rompers, jumpers, vests, shortalls… Owned by: Louise Paris Ltd. Serial Number: 74472370 |
|
|
|
|
RENEWAL HISTORY |
Filing Date Name Type Entity Name DEC 12, 1977 Actual LOUISE PARIS, LTD. NOV 14, 1977 Actual ZACCAI IMPORT INC. |
|
|
|
|
UCC |
Debtor Names: LOUISE PARIS, LTD. C/O J. P. MURPHY ASSOCIATES, INC., 52 39TH STREET, BROOKLYN, NY 11232-0000,
USA LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018, USA Secured Party Names: MILBERG FACTORS, INC. 99 PARK AVENUE, NEW YORK, NY 10016-0000,
USA File no. File
Date Lapse Date Filing Type 015891 01/25/1996 01/25/2001 Financing Statement 169835 08/31/2000 01/25/2006 Continuation 200509075788413 09/07/2005 01/25/2011 Continuation 200511025956845 11/02/2005 01/25/2011 Financing Statement Amendment 201009015857320 09/01/2010 01/25/2016 Continuation 201010276052512 10/27/2010 01/25/2016 Financing Statement Amendment 201509106014312 09/10/2015 01/25/2021 Continuation Debtor Names: LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018-0000,
USA LOUISE PARIS, LTD. 1350 FIFTH AVENUE, NEW YORK, NY
10018-0000, USA Secured Party Names: MILBERG FACTORS, INC. 99 PARK AVENUE, NEW YORK, NY 10016-0000,
USA File no. File
Date Lapse Date Filing Type 015890 01/25/1996 01/25/2001 Financing Statement 090807 05/07/1999 01/25/2001 Financing Statement Amendment 169839 08/31/2000 01/25/2006 Continuation 200509075788437 09/07/2005 01/25/2011 Continuation 201009015857306 09/01/2010 01/25/2016 Continuation 201010276052524 10/27/2010 01/25/2016 Financing Statement Amendment 201509106014300 09/10/2015 01/25/2021 Continuation Debtor Names: LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018-0000,
USA Secured Party Names: MILBERG FACTORS, INC. 99 PARK AVENUE, NEW YORK, NY 10016-0000,
USA File no. File
Date Lapse Date Filing Type 077167 04/19/1999 04/19/2004 Financing Statement 200312011917605 12/01/2003 04/19/2009 Continuation 200812166333196 12/16/2008 04/19/2014 Continuation 200904175355869 04/17/2009 04/19/2014 Financing Statement Amendment 201312266350877 12/26/2013 04/19/2019 Continuation Debtor Names: DOLLHOUSE OUTERWEAR, A DIVISION OF LOUIS PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018-0000,
USA LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018, USA DOLLHOUSE OUTERWEAR 1407 BROADWAY, NEW YORK, NY 10018, USA Secured Party Names: MILBERG FACTORS, INC. 99 PARK AVENUE, NEW YORK, NY 10016-0000,
USA File no. File Date Lapse Date Filing Type 108982 06/01/1999 06/01/2004 Financing Statement 200402050124068 02/05/2004 06/01/2009 Continuation 200403050234138 03/05/2004 06/01/2009 Financing Statement Amendment 200403290314633 03/29/2004 06/01/2009 Financing Statement Amendment 200406100603025 06/10/2004 06/01/2009 Financing Statement Amendment 200902035116531 02/03/2009 06/01/2014 Continuation 200903135234508 03/13/2009 06/01/2014 Financing Statement Amendment 201402135152957 02/13/2014 06/01/2019 Continuation Debtor Names: ME JANE, A TRADESTYLE OF LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018-0000,
USA LOUISE PARIS, LTD. 1407 BROADWAY, NEW YORK, NY 10018, USA Secured Party Names: MILBERG FACTORS, INC. 99 PARK AVENUE, NEW YORK, NY 10016-0000,
USA File no. File
Date Lapse Date Filing Type 178003 09/14/2000 09/14/2005 Financing Statement 200505095404013 05/09/2005 09/14/2010 Continuation 200506245573189 06/24/2005 09/14/2010 Financing Statement Amendment 200507255659135 07/25/2005 09/14/2010 Financing Statement Amendment 201005065426305 05/06/2010 09/14/2015 Continuation 201007165689700 07/16/2010 09/14/2015 Financing Statement Amendment 201504205411504 04/20/2015 09/14/2020 Continuation |
|
|
|
|
OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
|
|
|
SUMMARY |
|
|
|
Founded in 1977, Louise Paris, Ltd. is a mid-sized organization in the
women's and children's clothing company’s industry located in New York, NY. It has 54 full time employees and generates an estimated $14 million
in annual revenue. The company operates nationally and internationally, mainly exporting
to Colombia. It is ACTIVE in business with no negative records. |
RISK INFORMATION |
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
STATUS |
Active |
INTERVIEW |
|
|
NAME |
Joseph |
|
POSITION |
Operations |
|
COMMENTS |
He confirmed the name of the company, the address of the headquarters
and location, the date of creation of the company, the number of employees
and the name of the Chief Executive Officer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
|
USD |
1 |
INR 65.08 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.