MIRA
INFORM REPORT
|
Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MARIJEN INC. |
|
|
|
|
Registered Office : |
7 West 45th Street Suite #1501, New York 10036 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Legal Form : |
Corporation –Private |
|
|
|
|
Line of Business : |
Wholesaler of diamonds and gold jewelry |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : MARIJEN INC.
Address : 7 WEST 45TH STREET SUITE #1501
City : NEW YORK
State/Province : NEW YORK
As of : 31/12/2006
Zip Code : 10036
Sales / Revenue : 3,000,000
Country : UNITED STATES
Net Income :
Telephone : 212 944-5951
Total Equity :
Facsimile : 212 944-6583
Number of Employees : 4
Legal Form : Corporation - Private
Website : N/A
Business Activity : The Company is engaged as a wholesaler of diamonds and gold jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Pankaj Patel, President.
Mr. Patel confirmed general information but did not provide details such as bank and financial information.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 17/02/2000
State/Province of Incorporation: NJ
Status : ACTIVE
Previous Legal Form : Company is NOT required to publish an annual financial report.
New Jersey registration:
Business Name : Marijen, Inc.
Business ID Number : 0100807726
Business Type : Domestic Profit Corporation
Home Jurisdiction : NJ
Status : Active
Filing Date : 02/17/2000
Last Annual Report Filed: 08/29/2005
For Last Annual Report Paid Year: 2004
Stock Amount : 1,500
Incorporator : Incorporate IBC Expedite, Inc.
Agent : Pankaj Patel
Agent Address : 33 Edison Ave.
Edison, NJ 08820
Office Address Status: Deliverable
------------------------------------------------------------------------------------------------------------------------------------------------------
New York qualification:
Information Current Entity Name : MARIJEN, INC.
Initial DOS Filing Date : FEBRUARY 25, 2004
County : NEW YORK
Jurisdiction : NEW JERSEY
Entity Type : FOREIGN BUSINESS CORPORATION
Current Entity Status : ACTIVE
Registered Agent : NONE
Managers/Key
Personnel
Mr. Pankaj Patel President
AFFILIATED ENTITIES
There are no subsidiaries, divisions, parent company or other affiliated companies.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained either directly from mangement or from outside sources.
PAYMENT HISTORY
The Subject has not established a significant payment history at this time. Supplier references could not be obtained from management.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales / Revenues 3,000,000 - -
Mr. Patel stated that sales are in the $3 million US dollar range. No other details were provided at this time.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees: 4
Business Activity:
The Company is engaged as a wholesaler of diamonds and gold jewelry.
The above address is the headquarters and sole location for the Firm which consists of 1,000 square feet of leased office and showroom facilities.
PUBLIC RECORD
We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings.
GENERAL COMMENTS
MARIJEN, INC., incorporated in 2000, engaged as a wholesaler of diamonds and jewelry. The Company is not a seeker of local trade credit as a significant payment record could not be developed and supplier references could not be obtained from management. No derogatory information was reported or noted. The Subject is considered responsible for normal business transactions.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)