MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
JEWELERS VALUE NETWORK LLC |
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Registered Office : |
580 5th Avenue Suite 605a, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
05/11/2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributor of fine 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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JEWELERS VALUE NETWORK LLC
Address: 580 5TH AVENUE SUITE 605A
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212 302-7155
Facsimile: 212 354-2030
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 35
Legal Form: Limited Liability Company
Website: www.jewelersvalue.com
Business Activity: The
Firm is a national distributor of fine jewelry.
NOTE TO CLIENT
Person Contacted: Ms. Anna Fung, Accounting Manager.
LEGAL
Legal Form: Limited
Liability Company
Since (D/M/Y): 05/11/2004
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is organized in New York under the following:
Current Entity Name: JEWELERS VALUE NETWORK LLC
Initial DOS Filing Date: NOVEMBER 05, 2004
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process
JEWELERS VALUE NETWORK LLC
580 FIFTH AVENUE STE 605A
NEW YORK, NEW YORK, 10036
Registered Agent: NONE
Managers/Key
Personnel
Mr. Oren Dror
Managing Director
Ms. Tannaz Dror
General Manager
Ms. Anna Fung
Accounts Manager
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Firm's primary bank and
outside sources provided no additional information.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit as such a payment
record could not be developed.
FINANCIAL INFORMATION
Mr. Fung declined to provide financial statements, however stated that
the Firm has sales in the US$ 1-10 million range.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
35
Business Activity:
The Firm is a national distributor of fine jewelry. The Firm operates as a national distributor,
providing chain store jewelers and volume wholesalers with fine jewelry. The
Firm also provide direct retailing services.
The heading address is the Firm sole location and consists of 4,000
square feet leased office space
TRADE REFERENCES
A written request for supplier references has been sent via fax, if management
responds the report will be updated at that time.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were
traced to the Firm.
GENERAL COMMENTS
The Firm is a well established national distributor of fine jewelry. The
Firm is not a large seeker of local trade credit as such a payment record could
not be developed. No Uniform Commercial Codes, tax liens or bankruptcy
petitions were traced to the Firm. 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%)