MIRA
INFORM REPORT
|
Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BRILLIANT JEWELERS/MJJ INC. |
|
|
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Registered Office : |
902 Broadway, 9th Floor, New York 10010 |
|
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Country : |
U.S.A. |
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Date of Incorporation : |
09.12.1982 |
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|
Legal Form : |
Corporation – Private |
|
|
|
|
Line of Business : |
Manufacturer of precious jewellery. |
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 |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name BRILLIANT
JEWELERS/MJJ INC.
Address 902
BROADWAY 9TH FLOOR
City NEW
YORK
State/Province NEW
YORK
Zip
Code 10010
Country UNITED
STATES
Telephone 212
353-2326
Facsimile 212
353-0696
Legal
Form Corporation
- Private
As
of -
Sales
/ Revenue -
Net
Income -
Total
Equity -
Number
of Employees 210
Website http://mjjbrilliant.com
Business
Activity BRILLIANT
JEWELERS/MJJ INC. is engaged as a
manufacturer
of precious jewelry.
NOTE TO CLIENT
The
information in this report was provided by outside sources. Director, Mr. Robert Schwartz declined to
provide any information for this report. Several messages were left for the
Financial Controller requesting information. A written request was faxed to the
company per Mr. Robert Schwartz request. A response had not been received at
the time of this report but if a response is received the report will be
updated immediately.
NOTE: The requested name; MJJ BRILLIANT JEWELERS
INC. is not the correct legal name for the subject company. The correct legal
name is BRILLIANT JEWELERS/MJJ INC.
CREDIT
RECOMMENDATION: BRILLIANT
JEWELERS/MJJ INC. is well established with annual sales estimated to be in the
US$ 32.7 million. Payments are generally made on time with few exceptions. The
operation history shows record of three civil summons and a civil trial. The
firm is considered to responsible for a maximum credit limit in the amount of
US$ 10,000 at the time of this report.
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
AFFILIATED ENTITIES
There
are no known 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
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
CELLUL/PAG 05-07 05-06 NET 30 100
0 0 0
0 0 0 CUST 8 YR
COMPUTERS
05-07 05-06 CREDIT 15900 8400
100 0 0 0
0 CUST 4 YR
MANUFCTRNG 05-07 00-00 NET 30 51600
1800 100 0 0
0 0
MANUFCTRNG 05-07 05-05 VARIED 1600
1400 0 100 0
0 0
OFFC SUPPL 05-07 02-10 CREDIT 0
0 0 0
0 0 0 CUST 3 YR
PACKAGING
05-05 00-00 NET 30 0 0
0 0 0 0
0 CUST 2 YR
WIRE& CABLE 05-06 00-00 NET 30 200
200 100 0 0
0 0
AIR TRANS
04-12 00-00 NET 30 100 100
0 100 0 0
0 CUST 3 YR
COMPUTERS
03-02 99-05 MULTI 0 0 0 0 0
0 0
FACTOR
04-07 03-07 NET 120 30000
0 0 0
0 0 0
LEASING
05-01 05-01 NOTE 26200 26200
100 0 0 0
0
LEASING
05-06 00-00 CONTRCT 13200
7000 100 0 0
0 0 CUST 3 YR
CURRENT QUARTER 69400 11800 88
12 0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20050700
0 7 0 5800 100 0 0
0 0
20050600
0 7 0 4200 100
0 0
0 0
20050500
0 9 0 10600 100
0 0
0 0
20050400
0 8 0 19600 100
0 0 0 0
20050300
0 6 0 27400 100
0 0
0 0
20050200
0 6 0 12500 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Second
2005 0 6900 100 0 0 0
0
First
2005 0 19800 100 0 0 0
0
Fourth
2004 24 5700 39 13 48
0 0
Third
2004 9 11700 66 20 14
0 0
Second
2004 11 3200 63 19 18
0 0
FINANCIAL INFORMATION
Mr.
Robert Schwartz declined to provide any financials per a strict company policy.
Outside sources estimate annual sales to be in the US $ 32.7 million but this
could not be confirmed with management.
CURRENT OPERATIONS
NAICS
Code: 339911 Jewelry (except Costume) Manufacturing
SIC
Code: 3911
Number
of Employees: 210
Business
Activity
BRILLIANT
JEWELERS/MJJ INC. is engaged as a manufacturer of precious 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 only known location for the company.
PUBLIC RECORD
No
liens, judgments or bankruptcy filings found. One civil trial and three civil
summons were found.
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: 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
Parties: HSBC BANK USA
Filing
Date: 6/14/2004
Filing
Number: 0406145483438
Filing
Type: ASSIGNMENT
Original
Filing Number: 90153759
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: 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
BRILLIANT
JEWELERS/MJJ, INC.
Filing
Date: 4/28/2005
Filing
Number: 0504285366918
Filing
Type: CONTINUATION
Original
Filing Number: 90153759
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10010
Secured
Parties: THE CIT GROUP/COMMERCIAL SERVICES, INC.
Filing
Date: 3/4/2002
Filing
Number: 02050128
Filing
Type: INITIAL FILING
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
Secured
Parties: HSBC BANK USA FORMERLY KNOWN AS REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 5/30/2002
Filing
Number: 02125235
Filing
Type: CONTINUATION
Original
Filing Number: 97169722
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
125 EAST 45TH STREET
NEW YORK, NY 10036
BRILLIANT
JEWELERS/MJJ, INC.
125
EAST 45TH STREET
NEW
YORK, NY 10036
BRILLIANT
JEWELERS/MJJ, INC.
125
WEST 45TH STREET
NEW
YORK, NY 10036
BRILLIANT
JEWELERS, IN
Filing
Date: 5/19/2004
Filing
Number: 0405195405684
Filing
Type: CONTINUATION
Original
Filing Number: 94200646
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10010
Secured
Parties: JPMORGAN CHASE BANK
Filing
Date: 3/3/2004
Filing
Number: 0403030226555
Filing
Type: INITIAL FILING
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10010
Secured
Parties: JPMORGAN CHASE BANK
Filing
Date: 3/3/2004
Filing
Number: 0403030226579
Filing
Type: INITIAL FILING
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
Secured
Parties: HSBC BANK USA FORMERLY KNOWN AS REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 7/26/2000
Filing
Number: 00145291
Filing
Type: CONTINUATION
Original
Filing Number: 95210793
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT
JEWELERS/MJJ, INC.
902
BROADWAY
NEW
YORK, NY 10010-6002
Secured
Parties: HSBC BANK USA REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 6/14/2004
Filing
Number: 0406145483387
Filing
Type: ASSIGNMENT
Original
Filing Number: 97170121
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
125 EAST 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
BRILLIANT
JEWELERS, INC.
Filing
Date: 6/14/2004
Filing
Number: 0406145483426
Filing
Type: ASSIGNMENT
Original
Filing Number: 94200646
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: 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
BRILLIANT
JEWELERS/MJJ, INC.
902
BROADWAY
NEW
YORK
Filing
Date: 6/14/2004
Filing
Number: 0406145483440
Filing
Type: ASSIGNMENT
Original
Filing Number: 89259584
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT
JEWELERS/MJJ, INC.
902
BROADWAY
NEW
YORK, NY 10010-6002
MJJ,
INC.
125
WEST 45TH STREET
NEW
YORK, NY 10036
Secured
Parties: HSBC BANK USA REPUBLIC NATI
Filing
Date: 6/14/2004
Filing
Number: 0406145483452
Filing
Type: ASSIGNMENT
Original
Filing Number: 95210793
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
125 WEST 45TH STREET
NEW YORK, NY 10036
BRILLIANT
JEWELERS/MJJ, INC.
902
BROADWAY
NEW
YORK, NY 10010-6002
Secured
Parties: HSBC BANK USA REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 6/14/2004
Filing
Number: 0406145483464
Filing
Type: ASSIGNMENT
Original
Filing Number: 97169722
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10036
Secured
Parties: HSBC BUSINESS CREDIT (USA) INC. THE CIT GROUP/COMMERCIAL SERVICES,
INC.
Filing
Date: 2/10/2004
Filing
Number: 0402105106573
Filing
Type: ASSIGNMENT
Original
Filing Number: 01212908
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY, 9TH
FLOOR
NEW YORK, NY 10010
Secured
Parties: REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 6/21/1999
Filing
Number: 99123169
Filing
Type: CONTINUATION
Original
Filing Number: 94200646
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY, 9TH
FLOOR
NEW YORK, NY 10010
Secured
Parties: REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 6/21/1999
Filing
Number: 99123165
Filing
Type: CONTINUATION
Original
Filing Number: 89259584
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
902 BROADWAY
NEW YORK, NY 10036
Secured
Parties: HSBC BUSINESS CREDIT (USA) INC.
Filing
Date: 11/1/2001
Filing
Number: 01212908
Filing
Type: INITIAL FILING
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ, INC.
902 BROADWAY
NEW YORK, NY 10010
Secured
Parties: BANK LEUMI USA
Filing
Date: 10/27/2004
Filing
Number: 0410275902105
Filing
Type: INITIAL FILING
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Defendant
Counsel: Scheiman, Eugene R [COR LD NTC]
Buchanan
Ingersoll PC
140
Broadway 35TH Floor
New
York, NY, USA 10005
(212)
440-4400
Bernstein,
Robert S [COR LD NTC]
Buchanan
Ingersoll, PC
140
Broadway 35TH Floor
New
York, NY, US
Defendant:
Yakubovich, Nicolay
Renaissance
Jewellery PVT, Ltd Counter
Brilliant
Jewelers/MJJ, Inc
CLAIMANT:
Counter, Nicolay Yakubovich
Brilliant
Jewelers/MJJ, Inc Counter
Demand:
$ 1,600,000
Filing
Date: 11/26/2002
Filing
Type: Civil
Plaintiff
Counsel: Blasband, David [COR LD NTC]
McLaughlin
& Stern, LLP
260
Madison Avenue
New
York, NY, USA 10016
(212)
448-1100
Plaintiff:
Renaissance Jewellery PVT, Ltd
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Amount:
$ 1
Attorney:
OSTROLENK FABER ET AL
Civil
Summons: SOUTHERN DISTRICT OF NEW YORK - NEW YORK
DIAMOND
DIRECT LLC v. BRILLIANT JEWELERS MJJ INC, et al.
Defendant:
BRILLIANT JEWELERS MJJ INC
92
BROADWAY
NEW
YORK, NY 10010
MJJ
BRILLIANT
92
BROADWAY
NEW
YORK, NY 10010
Docket
Number: 99CV11585
Filing
Date: 11/24/1999
Plaintiff:
DIAMOND DIRECT LLC
Type:
CIVIL SUMMONS
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Amount:
$ 1
Attorney:
LEVISOHN LERNER ET AL
Civil
Summons: SOUTHERN DISTRICT OF NEW YORK - NEW YORK
ANDEL
JEWELRY CO INC v. BRILLIANT JEWELERS, et al.
Defendant:
BRILLIANT JEWELERS
92 BROADWAY
NEW YORK, NY 10010
MJJ
INC
92
BROADWAY
NEW
YORK, NY 10010
SERVICE
MERCHANDISE COMPANY INC
71
SERVICE MERCHANDISE DR
BRENTWOOD,
TN 37027
Docket
Number: 99CV11960
Filing
Date: 12/10/1999
Plaintiff:
ANDEL JEWELRY CO INC
Type:
CIVIL SUMMONS
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Amount:
$ 1,600,000
Attorney:
MCLAUGHLIN AND STERN
MCLAUGHLIN
AND STERN LLP
Civil
Summons: SOUTHERN DISTRICT OF NEW YORK - NEW YORK
RENAISSANCE
JEWELLERY PVT LTD v. BRILLIANT JEWELERS, et al.
Defendant:
BRILLIANT JEWELERS
902 BROADWAY
NEW YORK, NY 10010
MJJ
INC
902
BROADWAY
NEW
YORK, NY 10010
MMJ
INC
902
BROADWAY
NEW
YORK, NY 10010
Docket
Number: 02CV9447
Filing
Date: 11/26/2002
Plaintiff:
RENAISSANCE JEWELLERY PVT LTD
Type:
CIVIL SUMMONS
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC.
Secured
Parties: HSBC BANK USA FORMERLY KNOWN AS REPUBLIC NATIONAL BANK OF NEW YORK
Filing
Date: 5/30/2002
Filing
Number: 02125236
Filing
Type: CONTINUATION
Original
Filing Number: 97170121
-------------------------------------------------------------------------------------------------
Name
Searched: BRILLIANT JEWELERS/MJJ INC
Debtor
Address: BRILLIANT JEWELERS/MJJ INC..
902 BROADWAY
NEW YORK, NY 10010
Secured
Parties: JPMORGAN CHASE BANK
Filing
Date: 10/3/2003
Filing
Number: 0310035395752
Filing
Type: INITIAL FILING
GENERAL COMMENTS
BRILLIANT
JEWELERS/MJJ INC. is well established with annual sales estimated to be in the
US$ 32.7 million. Payments are generally made on time with few exceptions. The operation
history shows record of three civil summons and a civil trial, which do not
appear to have affected normal operations. The firm is considered to be
responsible for normal business transactions at this time.
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%)