MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
STAR RAYS N.Y.
INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
26/10/2000 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Diamond and
Jewelry wholesaler. |
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: STAR
RAYS N.Y. INC.
Address:
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
398.5120
Facsimile: 212
398.5122
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Company is a Diamond and Jewelry
wholesaler.
NOTE TO CLIENT
Contacted Mr. Kirn,
President.
Mr. Kirn did verify
some basic information but declined to provide financial information over the phone.
In the event a response is received from the written request that was sent, an
update will be provided. Most information in the report was obtained through
outside sources and was not confirmed by management.
LEGAL
Legal Form: Corporation – Private
Since (D/M/Y): 26/10/2000
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Registration for
Selected Entity
Status Information Current Entity Name: STAR RAYS N.Y. INC.
Initial DOS Filing
Date: OCTOBER 26, 2000
County:
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)
STAR RAYS N.Y. INC.
15 WEST 47 STREET
STE 407
Registered Agent
NONE
Managers/Key
Personnel
Mr. Kirn President
AFFILIATED ENTITIES
Management confirmed
that there are no affiliates or subsidiaries.
BANKS
JP Morgan Chase Bank
Telephone:
800-242-7338
Facsimile:
Account Number:
Account Manager:
The bank requires a signed
authorization which was not provided by management, so no further information
can be obtained. The Bank's mailing address is as follows:
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BANK
07-04 07-04 VARIOUS 246600
1000 100 0 0
0 0 CUST
3 YR
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
CELLUL/PAG 04-07 04-06 NET 30 100
100 100 0 0
0 0 CUST
4 YR
LEASING
07-04 00-00 CONTRCT 1600
0 0 0
0 0 0
CUST 1 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
OFFC SUPPL 07-01 00-00 CREDIT 800
100 100 0 0
0 0
CURRENT QUARTER 246600 1000
100 0 0 0 0
FINANCIAL INFORMATION
Management declined
to provide any financial information about the Company and outside sources did
not provide information.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 5
Business Activity:
The Company is a Diamond
and Jewelry wholesaler.
The Company
specializes in diamond Jewelry.
The Company leases
600 square feet at the provided address. Management confirmed this is the sole
location for the Company.
PUBLIC RECORD
The following civil
filings were found.
Name Searched: STAR
RAYS N.Y.
Amount: $ 1,421
Attorney: COHN AND
COHN PC
Creditor: FERRARI
EXPRESS INC
Debtors: STAR RAYS
NY INC
608 5 AV 908
Docket Number:
3979901
Filing Date:
2/26/2002
Type: JUDGMENT
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Name Searched: STAR
RAYS N.Y.
Amount: $ 1,421
Attorney: COHN AND
COHN PC
Creditor: FERRARI
EXPRESS INC
Debtors: STAR RAYS
NY INC
608 5 AV 908
Docket Number:
3979901
Filing Date:
2/26/2002
Status Date:
5/1/2002
Status: SATISFIED
Type: JUDGMENT
A search of
bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
Originally
incorporated in the year 2000, the Company is well established. The Subject is
a jewelry and diamond wholesaler. They have a limited but excellent payment
history. No filings for bankruptcy. There are some legal filings 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%)