MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JACOBS & COHEN INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24/06/1993 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Jewelry
manufacturer. |
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 : |
Exists |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: JACOBS
& COHEN INC.
Trade Name(s):
Address:
City:
State/Province:
Zip Code: 10018
Country: UNITED
STATES
Telephone: 212
714 2408
Facsimile: 212
302 3525
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 7
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Firm is a jewelry manufacturer.
NOTE TO CLIENT
The secretary
declined most information and numerous attempts to reach management resulted in
leaving messages. A written request was sent for Mr. Ben Cohen, President. If
it is returned, the report will be amended.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 24/06/1993
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Selected Entity
Name: JACOBS & COHEN, INC.
Entity Name: JACOBS
& COHEN, INC.
Initial DOS Filing
Date: JUNE 24, 1993
County: KINGS
Jurisdiction:
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)
JACOBS & COHEN, INC.
STE:404
Managers/Key
Personnel
Mr. Benjamin
Cohen Chairman & Chief Executive Officer
Mr. Edward
Jacobs President
AFFILIATED ENTITIES
As far as can be
determined, no affiliates or subsidiaries appear to exist.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Outside sources
suggest Merchant Bank to be the Firm's primary bank, but management has not
confirmed this.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-05 00-00 0000000 2300
100 100 0 0
0 0 CUST 10 YR
BUS SERVCS 07-04 00-00 NET 30 100
100 0 0
100 0 0
PACKAGING
07-07 00-00 NET 30 0 0
0 0 0
0 0 CUST
4 YR
BANK
06-01 06-01 CONTRCT 2000
0 0 0
0 0 0
LEASING
07-06 00-00 CONTRCT 8200
5500 100 0 0
0 0 CUST
1 YR
CURRENT QUARTER 2400 200
54 0 46
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 13 21 200 54
0 46 0 0
20070600
0 13 21 200 54
0 46 0 0
20070500
0 12 6 800 87
0 13 0 0
20070400
0 12 0 800 100 0
0 0 0
20070300
0 12 0 200 100 0
0 0 0
20070200
0 6 0 300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 11 400 76
0 24 0 0
First
2007 0 400 100 0
0 0 0
Fourth
2006 11 1000 30
70 0 0 0
Third
2006 11 1300 79
9 5 0 7
Second
2006 19 300
71 0 9
20 0
FINANCIAL INFORMATION
Management has not
returned financial details. Outside sources could not provide any insight into
the financial condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 33991
Jewelry and Silverware Manufacturing
Number of
Employees: 7
Business Activity:
The Firm is a
jewelry manufacturer.
The jewelry is
constructed from precious metals and includes rings, earrings, necklaces etc.
The Firm is not involved in the wholesaling process, according to management.
The provided address
is the sole location for the Firm.
PUBLIC RECORD
Filing Number: 304180836686
Filing Date: 04/18/2003
Expiration
Date: 04/18/2003
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): JACOBS &
COHEN, INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): THE MERCHANTS BANK OF
COLLATERAL
INFORMATION
Collateral
Type: ALL ACCOUNT(S) INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL CHATTEL PAPER INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL INVENTORY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL EQUIPMENT INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral
Type: ALL ACCOUNT(S) INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL CHATTEL PAPER INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL INVENTORY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL EQUIPMENT INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
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Filing Number: 001749808
Filing Type: JUDGMENTS
Filing Office:
Filing Date: 09/22/2003
DEBTOR INFORMATION
Debtor: JACOBS COHEN
255 W 36 ST
Debtor Type: BUSINESS BUSINESS DEBTOR
Debtor Amount: $107
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No liens or
bankruptcies were discovered in the Company name.
GENERAL COMMENTS
The firm
incorporated in 1993, engaged as a manufacturer of jewelry from precious
metals. The Firm has a satisfactory payment history and one very small
judgement was found filed against the Firm.
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%)