MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
JEWELEX NEW YORK
LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.06.1978 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesaler of diamonds, other precious gems and jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : JEWELEX NEW YORK LTD.
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212-768-1628
Facsimile : N/A
Legal Form : Limited Company
Website : www.jewelexltd.com
@rating Opinion :
Business Activity : Jewelex New York LTD, is a wholesaler of diamonds, other precious gems and
jewellery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 18
NOTE TO CLIENT
Person Contacted: Ms. Rupa (last name declined).
Ms. Rupa declined most general and all financial details via telephone. Also please note that the website is not operating at this time.
The information in the report was obtained from outside sources and has not been confirmed with management.
LEGAL
Legal Form : Limited Company
Since (D/M/Y) : 15/06/1978
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The company is incorporated in
Selected Entity Name : JEWELEX NEW YORK, LTD.
Selected Entity Status Information
Current Entity Name : JEWELEX NEW YORK, LTD.
Initial DOS Filing Date : JUNE 15, 1978
County :
Jurisdiction :
Entity Type : DOMESTIC BUSINESS CORPORATION Current Entity Status: ACTIVE
Managers/Key Personnel
Mr. Atul Kothari President
AFFILIATED ENTITIES
There is an affiliated company located in
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained either directly from management or from outside sources consulted.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 00-00 0000000 7100
500 100 0 0
0 0 CUST
8 YR
COMPUTERS
07-01 00-00 CREDIT 20000 0
0 0 0
0 0
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
OFFC SUPPL 07-01 05-03 CREDIT 7500
0 0 0
0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 3500
1000 100 0 0
0 0
PACKAGING
06-12 06-11 NET 30 100 100
0 100 0 0
0 CUST 3 YR
TELECOM
07-01 00-00 NET 30 600 600
41 14 45
0 0 DISPUTE
AIR TRANS
05-12 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 05-07 05-06 NET 30 100
0 0 0
0 0 0
CUST 4 YR
COMPUTERS
04-02 00-00 NET 30 700 0
0 0 0
0 0
HOUSEWARES 06-04 00-10 VARIED 0
0 0 0
0 0 0
CURRENT QUARTER 38800 2200
82 5 13
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070100
0 5 6 2200 84
4 12 0 0
20061200
0 5 0 4400 100 0
0 0 0
20061100
0 5 0 600 100 0
0 0 0
20061000
0 5 0 1000 100 0
0 0 0
20060900
0 5 0 400 100 0
0 0 0
20060800
0 6 0 1300 100 0
0 0 0
Payment History - Quarterly
Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 0 2000 100 0
0 0 0
Third
2006 0 900 100
0 0
0 0
Second
2006 0 1000 100 0
0 0 0
First
2006 0 5400 100 0
0 0 0
Fourth
2005 0 5200 100 0
0 0 0
FINANCIAL INFORMATION
Financial details were declined by management. Outside sources consulted report annual sales to be in the US$3.5 million range.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees: 18
Business Activity
Jewelex New York LTD, is a wholesaler of diamonds, other precious gems and jewelry.
The above address is the sole location consisting of office space and showroom.
PUBLIC RECORD
Name Searched : JEWELEX NEW YORK LTD.
Debtor Address : JEWELEX NEW YORK, LTD.
Secured Parties : ABN AMRO BANK N.V.
Filing Date : 4/27/2004
Filing Number : 0404270436588
Filing Type : INITIAL FILING
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Name Searched : JEWELEX NEW YORK LTD.
Defendant : Jewelex New York Ltd, Inc
Filing Date : 1/3/2007
Filing Type : Civil
Plaintiff Counsel : Berger, Peter L [COR LD NTC] Levishohn Berger, LLP
805 Third Avenue 19TH Floor,
Tel. : (212) 486-7272
Fax : (212) 486-0323
Email : Pberger@llbl.com
Plaintiff : Eyal R D Corp
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Name Searched : JEWELEX NEW YORK LTD.
Amount : $ 8,338
Creditor: NYS TAX COMMISSION
Debtors : JEWELEX NEW YORK LTD
580 5 AV,
Docket Number : 2142554
Filing Date : 6/27/2006
Type : STATE TAX LIEN
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Name Searched : JEWELEX NEW YORK LTD.
Amount : $ 8,338.59
Creditor : NY STATE DEP'T OF TAXATION AND FINANCE
Debtors : JEWELEX NEW YORK, LTD.
580 5 AVE,
Docket Date : 06/27/2006
Docket Type : NY STATE TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31002142554
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No bankruptcy petitions were filed under the Subject's name.
GENERAL COMMENTS
Jewlex New York Ltd. is engaged as an importer and wholesaler
of jewelry. An informative management
interview was declined. The payment record appears satisfactory. There were some legal actions
reported against the Firm, the status is
uncertain as no further information is currently available at this time.
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%)