MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAMUEL AARON, INC. |
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Registered Office : |
31-00 47th Avenue Floor 4, Long Island City, New York - 11101 |
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Country : |
United States |
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Date of Incorporation : |
04/03/1985 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Manufactures and repairs jewelry. |
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 |
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Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SAMUEL AARON, INC.
Trade Name(s): Samuel Aaron International
Address: 31-00 47th Avenue Floor 4
City: LONG ISLAND CITY
State/Province: NEW YORK
Zip Code: 11101
Country: UNITED STATES
Telephone: 718 392-5454
Facsimile: 718 392-4208
Founded (D/M/Y): /
/1945
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation - Private
Website: www.samuelaaron.com
Business Activity: The
Company manufactures and repairs jewelry.
Customers are worldwide.
NOTE TO CLIENT
Person Contacted: Ms. Michelle
Colic, Receptionist, Administrative Department. She verified and updated general information for this report,
deferring all bank and financial information to the Controller, Mr. Shelendra
Agrawal, who was in meetings during the week of this report. A fax was sent to Mr. Agrawal to obtain this
information.
Please note that Ms. Colic could not provide an exact employment figure,
however, she did say the company has somewhere between 100 and 500 employees.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 04/03/1985
State/Province of Incorporation: DE
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company incorporated in Delaware under the following registration:
File Number: 2056141
Incorporation Date / Formation Date: 03/04/1985
Entity Name: SAMUEL
AARON, INC.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT
INFORMATION
Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE STREET
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)658-7581
----------------------------------------------------------------------
The Company is qualified in New York under the following registration
Current Entity Name: SAMUEL AARON, INC.
Initial DOS Filing Date: JUNE 26, 1985
County: QUEENS
Jurisdiction: DELAWARE
Entity Type: FOREIGN BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
SAMUEL AARON, INC.
31-00 47TH AVE
LONG ISLAND CITY, NEW YORK, 11101
Principal Executive
Office
SAMUEL AARON, INC.
31-00 47TH AVE
LONG ISLAND CITY, NEW YORK, 11101
Registered Agent
REGISTERED AGENT REVOKED
Managers/Key
Personnel
Mr. Robert Wueste
Chairman Of The Board
Of Directors
Mr. Robert Kempler President
& CEO
Mr. Richard Katz
Chief Operating Officer
Mr. Shelendra Agrawal
Controller
AFFILIATED ENTITIES
Affiliated companies under the parent, Aaron Group, L.P., include:
Robert A. Baum Corp.
Sai India
Diamond Dimensions H.K. LTD
Thai Link Trading Company LTD
Samuel Aaron Costa Rica
IP Jewelry
Parent Companies
Parent Company: Aaron Group,
L.P.
DE
UNITED STATES
The company has no subsidiaries.
BANKS
Bank of America Precious Metals Division
111 WESTMINISTER ST
Providence RI
Telephone: (401) 278-3329
Facsimile: (401) 278-3077
Account Number:
Account Manager:
Please note that this bank could not be confirmed by management. A fax was sent to the Company to obtain
updated bank/account information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 06-12 0000000 33900
12000 95 5
0 0 0 CUST 23 YR
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0 0 0
CUST 19 YR
BUS SERVCS 07-03 00-00 NET 7 10800
10800 55 0
45 0 0
COMPUTERS
07-01 05-05 CREDIT 15000 0
0 0 0 0 0
DP SERVCS
07-03 05-10 0000000 0
0 0 0
0 0 0 CUST 2 YR
FACTOR
07-02 00-00 VARIED 0 0 0 0
0 0 0
FINCL SVCS 07-03 00-00 VARIED 25100
14700 100 0 0
0 0 CUST 2 YR
PACKAGING
07-01 06-12 NET 30 7600 4200
71 29 0 0 0
CUST 2 YR
TELECOM
07-03 00-00 NET 30 300 100
100 0 0 0 0
BUS SERVCS 04-10 04-09 NET 30 400
100 0 100 0
0 0
CELLUL/PAG 05-06 05-05 NET 30 1700
0 0 0
0 0 0 CUST 13 YR
COMPUTERS
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
COMPUTERS
06-06 06-02 0000000 12300
0 0 0
0 0 0
GENERAL
05-02 04-09 NET 60 100 100
0 0 0 0 100 CUST
7 YR
HOUSEWARES 06-04 01-04 VARIED 0
0 0 0
0 0 0
LEASING
07-02 00-00 CONTRCT 2300
1800 90 10
0 0 0
LEASING
05-01 05-01 NOTE 18500 7600
100 0 0 0
0
LEASING
06-06 00-00 CONTRCT 1900
1200 100 0 0
0 0
MANUFCTRNG 06-10 00-00 NET 30 51100
1200 2 95
0 3 0
OFFC SUPPL 04-07 97-08 CREDIT 0
0 0 0 0
0 0 ACCTCLOSED
OFFC EQUIP 06-06 06-06 NET 30 16700
100 100 0 0
0 0 CUST 1 YR
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 6 YR
CURRENT QUARTER 92800
41800 84 4
12 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 18 6 41600 85
4 11 0 0
20070200
0 13 5 41000 86 4
10 0 0
20070100
0 6 11 28100 60 25
15 0 0
20061200
0 5 9 35500 64 24
12 0 0
20061100
0 4 6 30300 61 37
2 0 0
20061000
0 4 5 23400 86 7
5 0 2
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 9 31400 61 29 10
0 0
Third
2006 6 25200 88 5 3
1 3
Second
2006 6 26900 86 5 5
3 1
First
2006 6 21000 87 4 7
1 1
Fourth
2005 25 7700 54 0 33
13 0
FINANCIAL INFORMATION
Due to our inability to speak with Mr. Agrawal, the Controller, we could
not obtain financial statement information at this time. If we receive a response to our fax request,
we will amend the report accordingly.
HISTORY
The company was formed in 1945.
Its prior name was AARON HOLDINGS, INC.
The Company is a subsidiary of The Aaron Group, L.P. The Company operates under the trade name
Samuel Aaron International.
CURRENT OPERATIONS
NAICS Code: 339911 Jewelry (except Costume) Manufacturing
SIC Code: 3911
Business Activity:
The Company manufactures and repairs jewelry. Customers are worldwide.
The company has a collection of " right hand rings" featured in many women’s magazines,
including Glamour, Cosmopolitan, and Red Book.
The company sells jewelry to the " Middle Market" between US$30 and US$999.00 range.
The heading address is the sole location for the company. The facility has 55,000 square feet of
leased manufacturing and office space.
PUBLIC RECORD
A search of public records revealed the following information and
actions against the Company and no bankruptcy petitions. We could not determine
the status of the actions at this time.
Name Searched: SAMUEL AARON INC.
Debtors: SAMUEL AARON, INC
31-00 47TH AVE
LIC, NY
Filing Date: 02/09/2001
Filing Number: 01PQ02365
Filing Type: RELEASE
History: FILING FILING
DATE NUMBER FILING TYPE
12/26/1996 96PQ18907 INITIAL FILING
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Name Searched: SAMUEL AARON INC.
Debtor Address: SAMUEL AARON, INC.
31-00
47TH AVENUE
LONG
ISLAND CITY, NY 11101
Secured Parties: FLEET PRECIOUS METALS INC.
Filing Date: 4/17/2000
Filing Number: 00076890
Filing Type: CONTINUATION
Original Filing Number: 85160081
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Name Searched: SAMUEL AARON INC.
Debtor Address: SAMUEL AARON, INC.
Secured Parties: FLEET PRECIOUS METALS INC.
Filing Date: 10/12/2001
Filing Number: 01196177
Filing Type: CONTINUATION
Original Filing Number: 96252683
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Name Searched: SAMUEL AARON INC.
Debtor Address: SAMUEL AARON, INC.
Secured Parties: FLEET PRECIOUS METALS INC.
Filing Date: 10/12/2001
Filing Number: 01196179
Filing Type: CONTINUATION
Original Filing Number: 96252686
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Name Searched: SAMUEL AARON INC.
Amount: $ 6,516.54
Creditor: NYC DEPT OF FINANCE
25 ELM PLACE-ROOM
400
BROOKLYN NY 11201
Debtors: SAMUEL AARON INC
50 W 23RD ST
NY NY 10010
Docket Date: 04/18/1990
Docket Type: NY CITY TAX WARRANT
Lien Type: JUDGMENTS DOCKET
Transaction Number: 31000225733
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Name Searched: SAMUEL AARON INC.
Debtor Address: KLEIN JEWELRY CO., INC
70 RANDALL AVENUE, ROCKVILLE
CENTRE
NEW
YORK, NY 11570
R. KLEIN JEWELRY CO., INC.
70 RANDALL AVENUE
ROCKVILLE CENTRE, NY 11570
Secured Parties: FLEET PRECIOUS METALS INC., AS AGENT SAMUEL AARON, INC
Filing Date: 8/19/2003
Filing Number: 0308191493259
Filing Type: AMENDMENT
Original Filing Number: 00028109
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Name Searched: SAMUEL AARON INC.
Defendant Counsel: Badanes, David P [COR LD NTC]
Cohen Pontani Lieberman &
Pavane
551 Fifth Avenue
New York, NY, USA 10176
(212)-687-2770 Fax: (212)-927-5487 Email: Dbadanes@cplplaw.com
Pavane, Martin Brian [COR LD NTC]
Cohen Pontani Lieberm
Defendant: Samuel Aaron, Inc Doing Business as Samuel Aaron International
M Fabrikant & Sons Inc
Commemorative Brands, Inc
Filing Date: 2/10/2004
Filing Type: Civil
Plaintiff Counsel: Roth, Michael B [COR LD NTC]
Dreier LLP
499 Park Avenue
New York, NY, USA 10022
(212) 328-6104 Fax: (212) 328-6101 Email: Mroth@dreierllp.com
Dreier, Marc S [COR LD NTC]
Dreier, LLP
499 Park Avenue
New York, NY, USA 10022
(212) 328-6100
Levy, Cliona Anne [COR LD NTC]
Sonnenschein Nath &
Rosenthal LLP (NY)
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Name Searched: SAMUEL AARON INC.
Case Name: FEDERAL INSURANCE COMPANY A/S/O COOLWEAR, INC.
v.
SAMUEL AARON, INC. AND A-ARON SECURITY SERVICES, INC. D/B/A
AAROW SECURITY PATROLS
Defendant Counsel: COZEN O'CONNOR
45 BROADWAY - ATRIUM- 16TH FL.
NEW YORK, NEW YORK 10006
1-212 509-9400
Plaintiff Counsel: HOEY KING TOKER & EPSTEIN
55
WATER STREET - 28TH FLR.
NEW
YORK, NEW YORK 10041
1-212
612-4200
Status: ACTIVE
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Name Searched: SAMUEL AARON INC.
Debtor Address: R. KLEIN JEWELRY CO., INC.
70
RANDALL AVENUE
ROCKVILLE CENTRE, NY 11570
Secured Parties: FLEET PRECIOUS METALS INC., AS AGENT SAMUEL AARON, INC.
Filing Date: 8/19/2003
Filing Number: 0308191492043
Filing Type: INITIAL FILING
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Name Searched: SAMUEL AARON INC.
Defendant Counsel: UNKNOWN
Defendant: SAMUEL AARON INC
Plaintiff Counsel: SONNENSCHEIN NATH & ROSENTHAL
1221
AVENUE OF AMERICAN
NEW
YORK, NEW YORK 10020
1-212
398-5810
Plaintiff: FREDERICK GOLDMAN INC
GENERAL COMMENTS
Samuel Aaron, Inc, founded in 1945, is engaged as a manufacturer and
repairer of jewelry. The payment record
shows significant slowness of payment on several trade lines, however the
operating history is clear. A search of
public records revealed three actions against the company, however there were
no bankruptcy petitions reported. The
Company is considered 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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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%)