MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
COLOR
MERCHANTS, INC. |
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Registered Office : |
6 East
45th Street, New York 10017 |
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Country : |
United
States |
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Date of Incorporation : |
09.02.1987 |
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Legal Form : |
Corporation
– Private |
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Line of Business : |
Manufactures
precious metal jewellery. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
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Company Name |
COLOR
MERCHANTS, INC. |
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Address |
6 EAST
45TH STREET |
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City |
NEW
YORK |
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State/Province |
NEW
YORK |
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Zip Code |
10017 |
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Country |
UNITED
STATES |
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Telephone |
800.356.3851 |
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Facsimile |
212.682.1306 |
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Legal Form |
Corporation
- Private |
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As of |
- |
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Sales / Revenue |
- |
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Net Income |
- |
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Total Equity |
- |
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Website |
www.colormerchants.com |
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Business Activity |
We
believe the Subject manufactures precious metal jewellery. |
NOTE TO CLIENT
Please
note the legal name of the Company is COLOR MERCHANTS, INC.
Contacted
person : Ms. Michele Goldman, Controller.
Ms.
Goldman declined to provide any information about the company. Thus, information in this report could not
be confirmed.
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 09/02/1987
State/Province
of Incorporation: NY
Status :
ACTIVE
Previous
Legal Form: None
Company
is NOT required to publish an annual financial report.
The
company is incorporated in the State of New York.
Current
Entity Name: COLOR MERCHANTS, INC.
Initial
DOS Filing Date: FEBRUARY 09, 1987
County:
NEW YORK
Jurisdiction:
NEW YORK
Entity
Type: DOMESTIC BUSINESS CORPORATION
Current
Entity Status: ACTIVE
Address
Information
KEVEN
PECK
6 E 45TH
ST
NEW
YORK, NEW YORK, 10017
Chairman
or Chief Executive Officer
KEVEN
PECK
6 E 45TH
ST
NEW
YORK, NEW YORK, 10017
Principal
Executive Office
COLOR
MERCHANTS, INC.
6 EAST
45TH STREET
NEW
YORK, NEW YORK, 10017
Registered
Agent
NONE
Managers/Key
Personnel
Mr.
Keven Peck Chairman & Chief Executive
Officer
Ms.
Michele Goldman
Controller
AFFILIATED ENTITIES
The
Subject has no known subsidiaries or affiliates.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
We could
not obtain any banking information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-09 06-09 0000000 3500
2400 100 0 0
0 0 CUST 15 YR
MANUFCTRNG 06-09 00-00 0000000 0 0 0 0 0
0 0
PACKAGING
06-10 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0
0 0 0
GENERAL
05-02 04-09 NET 60 100 0
0 0 0 0 0
CUST 17 YR
CURRENT QUARTER 3500
2400 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061000
0 4 0 2400 100
0 0
0 0
20060900
0 5 0 1200 99 1
0 0 0
20060800
0 6 0 3500 100
0 0
0 0
20060700
0 6 0 1700 100
0 0
0 0
20060600
0 3 0 2200 100
0 0
0 0
20060500
0 4 0 2200 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Third
2006 0 2400 100 0 0
0 0
Second
2006 0 2000 100 0 0 0
0
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0 0
0 0
Third
2005 0 0 0 0
0 0 0
FINANCIAL INFORMATION
We sent
a fax requesting financial information. If we receive a response, an update
will be provided.
CURRENT OPERATIONS
NAICS
Code: 339911 Jewellery (except Costume) Manufacturing
SIC
Code: 3911
Business Activity:
We
believe the Subject manufactures precious metal jewellery.
We
believe the above address is the sole location of the Company.
PUBLIC RECORD
The
following UCC and civil filings were found :
Name
Searched: COLOR MERCHANTS
Debtor
Address: COLOR MERCHANTS, INC.
6 E 45TH
ST 17TH FL
NEW
YORK, NY 10017-2414
Secured
Parties: FANCY TRADING CO, LLC
Filing
Date: 10/3/2003
Filing
Number: 0310031676196
Filing
Type: INITIAL FILING
Name
Searched: COLOR MERCHANTS
Debtor
Address: COLOR MERCHANTS, INC.
6 EAST
45TH STREET
NEW
YORK, NY 10017
Secured
Parties: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
Filing
Date: 11/6/2001
Filing
Number: 01216301
Filing
Type: INITIAL FILING
Name
Searched: COLOR MERCHANTS
Case
Name: COLOR MERCHANTS INC.,
v.
ZEEVAR
JEWELRY INC. D/B/A PRISM JEWELRY &
JACOB LAVI,
Defendant
Counsel: NOEL W HAUSER & ASSOCIATES
415
MADISON AVENUE
NEW
YORK, NEW YORK 10017
212-688-6400
Plaintiff
Counsel: MEYERS, SAXON & COLE
3620
QUENTIN ROAD
BROOKLYN,
NEW YORK 11234
718-339-3330
Status:
ACTIVE
Name
Searched: COLOR MERCHANTS
Debtor
Address: COLOR MERCHANTS, INC.
6 E 45TH
ST 17TH FL
NEW
YORK, NY 10017-2414
COLOR
MERCHANTS, INC.
6 E 45TH
ST 17TH FL
NEW
YORK, NY 10017-2414
Secured
Parties: FANCY TRADING CO, LLC
Filing
Date: 5/2/2006
Filing
Number: 0605020372889
Filing
Type: TERMINATION
Original
Filing Number: 0310031676196
Name
Searched: COLOR MERCHANTS
Debtor
Address: COLOR MERCHANTS, INC.
6 EAST
45TH STREET
NEW
YORK, NY 10017
Secured
Parties: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
Filing
Date: 6/1/2006
Filing
Number: 0606015528695
Filing
Type: CONTINUATION
Original
Filing Number: 01216301
A search
of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
We believe
the Subject is a well established manufacturer of precious metal jewellery. The
payment history indicates that the Subject is efficient with its payments.
Legal indicate no negative litigation taken against the Subject. Thus, the
Company is considered to be responsible for normal business transactions.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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