MIRA
INFORM REPORT
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Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
BRILLIANT JEWELERS/MJJ INC |
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Registered Office : |
902 Broadway 18th Floor, New York 10010 |
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Country : |
United States |
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Legal Form : |
Corporation-Private |
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Line of Business : |
Manufacturer of 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 : |
Regular |
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IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : BRILLIANT JEWELERS/MJJ INC.
Address : 902 BROADWAY 18TH FLOOR
City : NEW YORK
State/Province : NEW YORK
As of:
Zip Code : 10010
Sales / Revenue :
Country : UNITED STATES
Net Income :
Telephone : 212 353-2326
Total Equity :
Facsimile : 212 353-0696
Number of Employees : 120
Legal Form : Corporation - Private
Website : http://mjjbrilliant.com
Maj. Shareholder: Mr. Nicolay Yakubovich
Business Activity : BRILLIANT JEWELERS/MJJ INC. is engaged as a manufacturer of jewelry.
NOTE TO CLIENT
General information for this report was provided by Ms. Deatra, Administrator.
NOTE: The requested name; BRILLIANT JEWELLERY INC. is not the correct legal name for the subject company. The correct legal name is BRILLIANT JEWELERS/MJJ INC.
LEGAL
Legal Form : Corporation – Private
Since (D/M/Y) : 09/12/1982
State/Province of Incorporation: NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Selected Entity Name : BRILLIANT JEWELERS/MJJ INC.
Initial DOS Filing Date : DECEMBER 09, 1982
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC 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)
BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
9TH FLOOR
NEW YORK, NEW YORK, 10010
Registered Agent
NONE
Managers/Key
Personnel
Mr. Nicolay Yakubovich President
Mr. Robert Schwartz Director
Mr. Henry Dubrow Chief Financial Officer
OWNERS
Mr. Nicolay Yakubovich % Majority
AFFILIATED ENTITIES
There are no subsidiaries, divisions or parent companies.
BANKS
HSBC
Telephone:
Facsimile:
Account Number:
Account Manager:
Listed as a secured party.
Policy prohibits a reference.
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 4500 1500 100 0 0 0 0 CUST 10 YR
COMPUTERS 07-01 00-00 CREDIT 20000 7100 100 0 0 0 0
FINCL SVCS 07-03 00-00 VARIED 39100 20600 100 0 0 0 0 CUST 2 YR
OFFC SUPPL 07-03 07-03 NET 2200 400 50 50 0 0 0 CUST 1 YR
OFFC SUPPL 07-01 02-10 CREDIT 7500 0 0 0 0 0 0
PACKAGING 07-01 06-11 NET 30 900 0 0 0 0 0 0 CUST 4 YR
AIR TRANS 06-11 00-00 NET 30 100 0 0 0 0 0 0 CUST 4 YR
CELLUL/PAG 05-07 05-06 NET 30 100 0 0 0 0 0 0 CUST 8 YR
FACTOR 04-07 03-07 NET 120 0 0 0 0 0 0 0
GIFTWARE 05-01 00-00 CONTRCT 13200 13200 0 100 0 0 0
LEASING 05-01 05-01 NOTE 26200 26200 100 0 0 0 0
LEASING 06-05 00-00 CONTRCT 9000 0 0 0 0 0 0 CUST 3 YR
MANUFCTRNG 06-10 00-00 VARIED 108100 9300 53 47 0 0 0
MANUFCTRNG 05-07 05-05 VARIED 1600 1400 0 100 0 0 0
WIRE& CABLE 05-10 00-00 NET 30 200 0 0 0 0 0 0
CURRENT QUARTER 74200 29600 99 1 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20070300 0 18 0 31800 99 1 0 0 0
20070200 0 13 1 32000 98 1 1 0 0
20070100 0 5 2 1900 89 11 0 0 0
20061200 0 4 2 2900 88 12 0 0 0
20061100 0 4 6 9400 79 12 9 0 0
20061000 0 4 3 11300 83 17 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First 2007 0 31100 99 1 0 0 0
Fourth 2006 5 4800 82 12 6 0 0
Third 2006 1 10500 93 7 0 0 0
Second 2006 0 12700 98 2 0 0 0
First 2006 0 12200 97 3 0 0 0
FINANCIAL INFORMATION
No financial figures could be obtained from the subject company at the time of this report. Annual sales are reported to be in the US$ 32.7 million, however this could not be confirmed with management.
CURRENT OPERATIONS
NAICS Code: 339911 Jewelry (except Costume) Manufacturing
SIC Code: 3911
Number of Employees: 120
Business Activity: BRILLIANT JEWELERS/MJJ INC. is engaged as a manufacturer of jewelry.
The companies operations are vertically integrated. Operations include; design, sales, production, shipping and customer service. The company specializes in the product and design of pendants.
The heading address is the headquarters and sole location for the subject company.
PUBLIC RECORD
No liens,judgments or bankruptcy filings found.
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Filing Number : 504285366918
Filing Date : 04/28/2005
Expiration Date : 07/18/2010
Filing Type : CONTINUATION
Filing Date of Related Filing: 07/18/1990
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLANT JEWELERS INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT JEWELERS/MJJ, INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY
NEW YORK, NY 10010-6002
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): HSBC BANK USA
ONE HSBC CENTER
BUFFALO, NY 14203
REPUBLIC NATIONAL BANK OF NEW YORK
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Filing Number : 405195405696
Filing Date : 05/19/2004
Expiration Date : 10/23/2009
Filing Type : CONTINUATION
Filing Date of Related Filing: 10/23/1989
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS INC
BRILLIANT JEWELERS INC
125 WEST 45TH STREET, 10TH FLOOR
NEW YORK, NY 10036
BRILLIANT JEWELERS/MJJ, INC.
125 WEST 45TH STREET, 10TH FLOOR
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : REPUBLIC NATIONAL BANK OF NEW YORK
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Filing Number : 508185736845
Filing Date : 08/18/2005
Expiration Date : 10/19/2010
Filing Type : CONTINUATION
Filing Date of Related Filing: 10/19/1995
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ, INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY
NEW YORK, NY 10010-6002 CREDIT (USA) INC.
MJJ, INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : HSBC BANK USA
ONE HSBC CENTER
BUFFALO, NY 14203
REPUBLIC NATIONAL BANK OF NEW YORK
452 FIFTH AVENUE
NEW YORK, NY 10018
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Filing Number : 606285638048
Filing Date : 06/28/2006
Expiration Date : 11/01/2011
Filing Type : CONTINUATION
Filing Date of Related Filing: 11/01/2001
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : HSBC BUSINESS CREDIT (USA) INC.
452 FIFTH AVENUE
NEW YORK, NY 10018
THE CIT GROUP/COMMERCIAL SERVICES, INC.
1211 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
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Filing Number : 2125235
Filing Date : 05/30/2002
Filing Type : CONTINUATION
Filing Date of Related Filing: 08/14/1997
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : HSBC BANK USA FORMERLY KNOWN AS REPUBLIC NATIONAL
BANK OF NEW YORK
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Filing Number : 310035395752
Filing Date : 10/03/2003
Expiration Date : 10/03/2003
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10010
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : JPMORGAN CHASE BANK
P.O. BOX 2558 LPS 8-1111-301
HOUSTON, TX 77252-2558
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Filing Number : 403030226579
Filing Date : 03/03/2004
Expiration Date : 03/03/2004
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10010
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : JPMORGAN CHASE BANK
111 WEST 40TH STREET, 10TH FLOOR
NEW YORK, NY 10018
COLLATERAL INFORMATION
Collateral Type : CONSIGNED MERCHANDISE INCLUDING PROCEEDS AND PRODUCTS
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Filing Number : 405195405684
Filing Date : 05/19/2004
Expiration Date : 09/30/2009
Filing Type : CONTINUATION
Filing Date of Related Filing: 09/30/1994
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ, INC.
125 EAST 45TH STREET
NEW YORK, NY 10036
TC]
125 EAST 45TH STREET
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : REPUBLIC NATIONAL BANK OF NEW YORK
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Filing Number : 410275902105
Filing Date : 10/27/2004
Expiration Date : 10/27/2004
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s) : BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY
NEW YORK, NY 10010
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s) : BANK LEUMI USA
420 LEXINGTON AVE
NEW YORK, NY 10170
COLLATERAL INFORMATION
Collateral Type: ALL ACCOUNT(S)
Collateral Type: ALL GENERAL INTANGIBLE(S)
Collateral Type: ALL INVENTORY
Collateral Type: ALL EQUIPMENT
Collateral Type: ALL NEGOTIABLE INSTRUMENTS
Collateral Type: ALL CHATTEL PAPER
GENERAL COMMENTS
BRILLIANT JEWELERS/MJJ INC. is well established with annual sales reported to be in the US$ 32.7 million. Payments are generally made on time. The operation history is clear. The firm is considered to be responsible for normal business transactions at this time.
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%)