MIRA
INFORM REPORT
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Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
BENY
SOFER INC. |
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Registered Office : |
587
5th Avenue 9th Floor, New York - 10017 |
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Country : |
United
States |
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Date of Incorporation : |
28/02/1980 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesaler
of loose diamonds and other precious stones. |
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
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Company
Name |
BENY
SOFER INC. |
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Address |
587
5TH AVENUE 9TH FLOOR |
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City |
NEW
YORK |
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State/Province |
NEW
YORK |
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Zip
Code |
10017 |
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Country |
UNITED
STATES |
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Telephone |
212
575-0213 |
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Facsimile |
212
944-9726 |
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Legal
Form |
Corporation
- Private |
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As of |
- |
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Sales
/ Revenue |
- |
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Net
Income |
- |
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Total
Equity |
- |
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Number
of Employees |
15 |
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Website |
www.benysofer.com |
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Business
Activity |
The
Firm is a wholesaler of loose diamonds and other precious stones. |
NOTE TO CLIENT
Person
Contacted: Mr. Benjamin " Beny"
B. Sofer, President.
LEGAL
Legal
Form : Corporation
– Private
Since
(D/M/Y) :
28/02/1980
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
The Firm
is incorporated in New York under the following:
Current
Entity Name: BENY SOFER INC.
Initial
DOS Filing Date: FEBRUARY 28, 1980
County: NEW YORK
Jurisdiction: NEW
YORK
Entity
Type: DOMESTIC BUSINESS CORPORATION
Current
Entity Status: ACTIVE
Selected
Entity Address Information DOS Process
BENY
SOFER INC.
30 WEST
47TH ST, NEW YORK, NEW YORK, 10036
Registered
Agent: NONE
Managers/Key
Personnel
Mr.
Benjamin " Beny" B.
Sofer President
AFFILIATED ENTITIES
There
are no affiliates or subsidiaries at this time.
BANKS
JP
Morgan Chase Bank
New York
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager: Credit Department
The bank
requires account numbers and signatures which could not be obtained from
management at this time.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
OFFC SUPPL 06-12 06-11 CREDIT 2000
600 100 0 0
0 0
OFFC SUPPL 06-12 06-07 CREDIT 5000
100 100 0 0
0 0 ACCTCLOSED
PACKAGING
06-11 00-00 NET 30 0 0 0 0 0
0 0
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0 0
0 0
FINCL SVCS 04-05 04-03 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
GENERAL
05-02 03-08 NET 30 0 0 0 0 0
0 0 CUST 17 YR
CURRENT QUARTER 7000
700 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 5 0 200 100 0
0 0 0
20061100
0 5 0 100 100
0 0
0 0
20061000
0 5 0 100 100
0 0
0 0
20060900
0 5 0 100 100
0 0
0 0
20060800
0 6 0 1300 98
2 0 0 0
20060700
0 6 0 900 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30
60 90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 0 300 100 0 0 0
0
Third
2006 0 500 99 1 0
0 0
Second
2006 0 500 100
0 0
0 0
First
2006 0 500 100 0 0 0
0
Fourth
2005 0 400 100 0 0 0
0
FINANCIAL INFORMATION
Mr.
Sofer declined to provide financial figures, however stated that annual sales
are in the US$5-25 million range.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC
Code: 5094
Number
of Employees: 15
Business Activity:
The Firm
is a wholesaler of loose diamonds and other precious stones. The Firm offers a wide variety of precious
stones, specializing in Diamonds. The Firm carriers several styles of diamonds
such as: rounds, pear shapes, marquise, princess cuts, ovals, and trillions.
The
heading address is the Firm's sole location and consists of 3,500 square feet
of leased office space and warehouse facilities.
PUBLIC RECORD
Name
Searched: BENY SOFER INC.
Debtor
Address: BENY SOFER INC.
587
FIFTH AVENUE
NEW
YORK, NY 10017
Secured
Parties: LEO SCHACHTER DIAMONDS, LLC
Filing
Date: 3/24/2006
Filing
Number: 0603240264197
Filing
Type: INITIAL FILING
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No
judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm
is a well established wholesaler of loose diamonds and other precious stones.
The payment record is satisfactory. No judgements, 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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