MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
A.G. WEINDLING, LLC |
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Registered Office : |
589 Fifth Ave Ste.
902, New York, Ny - 10017 |
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Country : |
United States |
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Date of Incorporation : |
26/09/2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Imports and
wholesale distributes diamonds and related jewelry. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: A.G. WEINDLING, LLC
Trade Name:
Address: 589 FIFTH
AVE STE. 902
City: NEW
YORK
State/Province: NY
Zip Code: 10017
Country: UNITED
STATES
Telephone: 212 750 5070
Facsimile: 212 750 5072
URL None
Legal Form: Limited
Liability Company
Founded (D/M/Y):
In K USD as of :
Sales / Revenue: -
Net Income:
Total Equity:
Number of
Employees: 3
Shareholder:
Business Activity: The Subject imports and
wholesale distributes diamonds and related jewelry.
NOTE TO CLIENT
CONTACT PERSON:
Mr. Ravi Krishnan, CFO
Mr. Krishnan
confirmed the information in this report.
LEGAL
Legal Form: Limited Liability
Company
Incorporation
State NY
Status: ACTIVE
Since (D/M/Y): 26/09/2007
The company is NOT
required to publish an annual financial report.
Current Entity Name: A.G. WEINDLING, LLC
Initial DOS Filing Date: SEPTEMBER 26, 2007
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE
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Selected Entity Address Information DOS Process (Address to which DOS will mail
process if accepted on behalf
of the entity):
NORMAN J. RESNICOW, ESQ.
FOX HORAN & CAMERINI LLP
825 THIRD AVENUE
NEW YORK, NEW YORK, 10022
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Registered Agent: NONE
NOTE: New York State does not issue organizational identification numbers.
MANAGERS / KEY PERSONNEL
Mr. Alexander
Weindling Chief Executive
Officer
Mr. Ravi Krishnan Chief Financial
Officer
AFFILIATED COMPANIES
There are no
affiliated companies or subsidiaries at this time.
BANKS
JP Morgan Chase
Bank
Address: P.O. Box
2558
City: Houston
State/Province: TX
Country: UNITED
STATES
Telephone: 800-242-7338
The bank requires
an account number and signed authorization to release account information. We
have forwarded a request to the Firm and if a response is received, this report
will be amended.
PAYMENT HISTORY
No payment were found under the Subject's name, however we were provided
supplier references.
FINANCIAL INFORMATION
In K USD
Year-End (D/M/Y) 31/12/2008
Income Statement Projected
Global Net Sales 20,000
FINANCIAL INDICATORS
Year End: 12/31
Management stated
that projected sales for FY 2008 are expected to be in the US$20 Million range,
and the Firm expects to be profitable.
HISTORY
The Company's CEO,
Mr. Alexander Weindling, began a related company in 1996 called Weindling
International L.L.C., which was the forerunner to A.G. Weindling, LLC. At this
time, Weindling International L.L.C. is no longer in existence.
CURRENT OPERATIONS
SIC Code: 5094
NAICS Code: 42194
Jewelry, Watch,
Precious Stone and Precious Metal Wholesalers
Number of Employees: 3
Business Activity:
The Subject
imports and wholesale distributes diamonds and related jewelry.
This is the sole
location for the Firm. It is 2,500 square feet of rented office space.
TRADE REFERENCES
Tessler and Weiss
Premesco Inc.
Address: Union, NJ Amount
Outstanding: 60,000
Telephone: 908-686-2389 Amount Past Due: -
Facsimile: High
Credit Utilized: -
Contact: Rosa, Accounting
Dept. Terms: Net30
Credit Limit: - Days
to Pay:
Account Opened 10+ years. Open Limit. Rating:
Excellent.
Eurostar Belgium
Inc.
Address: New York,
NY Amount
Outstanding: 55,000
Telephone: 212-754-4100 Amount Past Due: -
Facsimile: High
Credit Utilized: 55,000
Contact: Girish,
Accounting Dept. Terms: Net90
Credit Limit: 55,000 Days to
Pay: 0
Account Opened: 11/07. New account - not
rated yet.
The Overton
Company
Address: Long
Island, NY Amount
Outstanding: -
Telephone: 516-285-2170 Amount Past Due: -
Facsimile: High
Credit Utilized: -
Contact: Chris
Moffat Terms:
Net30
Credit Limit: 25,000 Days to
Pay: 0
Account Opened: 10/07 (Mr. Weindler has been
a client for 10+ yrs, however). Rating: Excellent.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
COMMENTS
A.G. WEINDLING, LLC was established on September 26th, 2007, and engages as an importer and wholesale distributor of diamond jewelry. A significant payment history could not be developed for the Firm, however trade references were provided and have been contacted. Legal records indicate no negative litigation
taken against the Subject.
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. |
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%)