MIRA
INFORM REPORT
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Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
JEWELAMERICA INC. |
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Registered Office : |
114 West 41st Street, New York 10018, United States |
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Country : |
United States |
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Date of Incorporation : |
11.03.1999 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Manufacturer and Wholesaler of fine 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
Company Name : JEWELAMERICA INC.
Address : 114 WEST 41ST STREET
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10018
Country : UNITED STATES
Telephone : 212 220-4222
Facsimile : 212 220-7227
Legal Form : Corporation - Private
Website : www.jewelamerica.com
Maj. Shareholder : Mr. Zvi Wertheimer
@rating Opinion :
Business Activity : The Firm is a manufacturer and wholesaler of fine metal jewellery.
In KUSD As of : 31/12/2006
Sales / Revenue : 150,000
Net Income : 45,000
Total Equity :
Number of Employees : 735
NOTE TO CLIENT
The Banking, Financial, Officer, Employee, Branch and Shareholder section have been updated please take note.
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Person Contacted: Mr. Zvi Wertheimer, Vice President.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 11/03/1999
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in New York under the following:
Current Entity Name : JEWELAMERICA INC.
Initial DOS Filing Date : MARCH 11, 1999
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity
Address Information DOS Process
JEWELAMERICA INC.
119 WEST 40TH ST, NEW YORK, NEW YORK, 10018
Principal Executive
Office
JEWELAMERICA INC.
119 WEST 40TH ST, NEW YORK, NEW YORK, 10018
Registered Agent : NONE
Managers/Key Personnel
Mr. Zvi Wertheimer President & Chief Executive Officer
Ms. Rachel Wertheimer Executive Vice President
Ms. Israel Ashkenazy Senior Vice President
Mr. Barry Okun Chief Financial Officer
OWNERS
Mr. Zvi Wertheimer % Majority
Ms. Rachel Wertheimer Minority
Ms. Israel Ashkenazy Minority
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
Divisions
Oro Dall' Italia UNITED STATES
Jana Designs UNITED STATES
Astoria Jewelry UNITED STATES
JewelAmerica Dominican UNITED STATES
The John Lennon Collection UNITED STATES
Jewelmont / Jene UNITED STATES
Baith Jewelry UNITED STATES
BANKS
HSBC BANK
464 WINTHROP STREET
REHOBOTH MA 02769
Telephone : 508 252-5371
Facsimile :
Account Number : 610934422
Account Manager : Mr. Ed Gately
Policy prohibits the bank from releasing information concerning the bank's commercial customers.
Sovereign Bank
One Financial Plaza
Providence RI 02903
Telephone : 401 752-1432
Facsimile :
Account Number : 75860023417
Account Manager : Ms. Elizabeth Sousa
Balance : High 7 figures
Credit Line : Mid 8 figures
Rating : Excellent Account
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30 60
90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 07-01 00-00 NET 7 1900
1900 75 0
25 0 0
FREIGHT
06-12 00-00 NET 15 24000 3800
72 28 0 0 0
MANUFCTRNG 06-10 00-00 NET 30 71400
11000 89 11 0 0
0
PACKAGING
06-11 00-00 NET 30 1000 0
0 0 0 0 0
CUST 6 YR
AUTO LEASE 06-08 00-00 VARIED 42200
4600 100 0 0
0 0 CUST 6 YR
COMPUTERS
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
COMPUTERS
06-06 06-05 0000000 33500
12700 0 54
46 0 0
ELEC MFG
04-03 03-02 NET 30 100 0
0 0 0 0 0
LEASING
05-01 05-01 NOTE 14300 12200
100 0 0 0 0
LEASING
07-01 00-00 CONTRCT 2600
400 100 0 0
0 0 CUST 2 YR
CURRENT QUARTER 98300
16700 83 14
3 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 0 2 16500 84 16
0 0 0
20061100
0 0 3 21100 77 23
0 0 0
20061000
0 0 1 21200 93 7
0 0 0
20060900
0 0 2 13700 87 13
0 0 0
20060800
0 0 4 14000 76 24
0 0 0
20060700
0 0 6 13800 62 38
0 0 0
Payment
History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 3 18000 81 18 1
0 0
Third
2006 2 16300 86 14 0
0 0
Second
2006 4 15100 73 27 0
0 0
First
2006 6 11400 57 43 0
0 0
Fourth
2005 12 27300 51 35 14
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Consolidated Consolidated
Sales / Revenues 150,000 140,000 -
RESULTS
Net Income 45,000 40,000 -
Mr. Wertheimer declined to provide financial statements, however provided the Firm's 2005 and 2006 annual sales.
CURRENT OPERATIONS
NAICS Code : 339911 Jewelry (except Costume) Manufacturing
SIC Code : 3911
NAICS Code : 42 Wholesale Trade
Number of Employees: 735
Business Activity
The Firm is a manufacturer and wholesaler of fine metal jewellery.
The Firm, through its' several divisions, offers a wide variety of fine jewellery and precious metals. The Firm inventory includes: rings, earrings, anklets, bracelets, pendants, necklaces, watches, other related jewelry. The Firm uses materials such as Gold, Silver, Platinum, Diamonds, Rubies, Emeralds, Sapphire and Pearls. Sales are to departments store, wholesale clubs, TV shopping channels and catalogs. The heading address is the Firm's headquarters and consists of 50,000 square feet of leased office space, warehouse and manufacturing facilities. The Firm also has an office at:
119 WEST 40TH STREET
NEW YORK, NEW YORK 10018
The Firm also has manufacturing facilities in Costa Rica, Mexico and the Dominican Republic.
PUBLIC RECORD
Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS
Filing Date : 11/26/2003
Filing Number : 0311265544521
Filing Type : CONTINUATION
Original Filing Number : 99056100
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC FLEET NATIONAL BANK
Filing Date : 8/16/2000
Filing Number : 00160354
Filing Type : AMENDMENT
Original Filing Number : 99056075
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Partie :
Filing Date : 11/25/2003
Filing Number : 0311255541004
Filing Type : AMENDMENT
Original Filing Number : 99056097
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Partie :
Filing Date : 11/25/2003
Filing Number : 0311255541028
Filing Type : CONTINUATION
Original Filing Number : 99056097
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC.
Filing Date : 8/16/2000
Filing Number : 00160352
Filing Type : AMENDMENT
Original Filing Number : 99056057
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC
Filing Date : 8/16/2000
Filing Number : 00160358
Filing Type : AMENDMENT
Original Filing Number : 99056072
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS, INC. FLEET NATIONAL BANK
Filing Date : 8/16/2000
Filing Number : 00160362
Filing Type : AMENDMENT
Original Filing Number : 97179220
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC FLEET NATIONAL BANK
Filing Date : 8/16/2000
Filing Number : 00160366
Filing Type : AMENDMENT
Original Filing Number : 97179219
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC FLEET NATIONAL BANK
Filing Date : 4/24/2002
Filing Number : 02094504
Filing Type : INITIAL FILING
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Name Searched : JEWEL AMERICA
Defendant Counsel : UNKNOWN
Defendant : JEWEL AMERICA INC
Plaintiff Counsel : BURNS HANDLER & BURNS
220 EAST 42ND STREET -STE 3000, NEW YORK, NEW YORK 10017
1-212 -687-1300
Plaintiff : SCOTT COMPANIES INC
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS
Filing Date : 11/26/2003
Filing Number : 0311265544482
Filing Type : CONTINUATION
Original Filing Number : 99056098
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS
Filing Date : 11/26/2003
Filing Number : 0311265544494
Filing Type : AMENDMENT
Original Filing Number : 99056098
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 49TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS INC. FLEET NATIONAL BANK
Filing Date : 8/16/2000
Filing Number : 00160346
Filing Type : AMENDMENT
Original Filing Number : 99056100
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured
Filing Date : 11/26/2003
Filing Number : 0311265544367
Filing Type : AMENDMENT
Original Filing Number : 99056075
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
ORO DALL'ITALIA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS
Filing Date : 11/26/2003
Filing Number : 0311265544533
Filing Type : AMENDMENT
Original Filing Number : 99056100
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC
Filing Date : 8/16/2000
Filing Number : 00160350
Filing Type : AMENDMENT
Original Filing Number : 99056098
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured
Filing Date : 11/25/2003
Filing Number : 0311255541612
Filing Type : CONTINUATION
Original Filing Number : 99056074
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured
Filing Date : 11/26/2003
Filing Number : 0311265544470
Filing Type : CONTINUATION
Original Filing Number : 99056075
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured P
Filing Date : 11/26/2003
Filing Number : 0311265544507
Filing Type : CONTINUATION
Original Filing Number : 99056072
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured P
Filing Date : 11/26/2003
Filing Number : 0311265544519
Filing Type : AMENDMENT
Original Filing Number : 99056072
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Name Searched : JEWEL AMERICA
Debtors : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Filing Date : 08/31/2000
Filing Number : 00PN43467
Filing Type : INITIAL FILING
Original Filing Number : 00PN43467
Secured Party : SOVEREIGN BANK
15 WESTMINSTER STREET, PROVIDENCE, RI 02903
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY
Secured Parties : FLEET PRECIOUS METALS INC.
Filing Date : 4/24/2002
Filing Number : 02094502
Filing Type : INITIAL FILING
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Name Searched : JEWEL AMERICA
Debtor Address : JEWEL AMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured Parties : FLEET PRECIOUS METALS INC.
Filing Date : 4/24/2002
Filing Number : 02094500
Filing Type : INITIAL FILING
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Name Searched : JEWEL AMERICA
Amount : $ 1,098.73
Creditor : COMMISSIONER OF LABOR STATE OF NEW YORK
- - - DEPARTMENT OF LABOR, ALBANY NY 12240
Debtors : JEWEL AMERICA INC
119 W 40TH STREET, NY NY 10018-2500
Docket Date : 11/01/2005
Docket Type : INDUSTRIAL COMMISSION WARR
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31002058165
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Name Searched : JEWEL AMERICA
Debtor Address : JANA DESIGNS
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWEL AMERICA, INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
JEWELAMERICA INC.
119 WEST 40TH STREET, NEW YORK, NY 10018
Secured
Filing Date : 11/25/2003
Filing Number : 0311255541600
Filing Type : AMENDMENT
Original Filing Number : 99056074
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No bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public. The status is uncertain as no further information is currently available.
GENERAL COMMENTS
The Firm is a well established manufacturer of fine jewelry. The payment record is satisfactory. No bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public records. The status is uncertain as no further information is currently available. The Firm is considered responsible for normal trade relations.
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%)