MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ANDIN
INTERNATIONAL INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1981 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Import
and distribution of 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/normal. |
Small |
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Status : |
Uncertain
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Payment Behaviour : |
Slow
and collection cases |
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Litigation : |
Exist |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name : ANDIN INTERNATIONAL INC.
Address :
City :
State/Province :
Zip Code : 10014
Country : UNITED STATES
Telephone : 212 886-6000
Facsimile : 212 886-6006
Founded
(D/M/Y) : / /1981
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 200
Legal
Form : Corporation -
Private
Website : www.andin.com
Business
Activity : The Subject is
engaged in the import and distribution of jewelry.
NOTE TO CLIENT
The
Subject was contacted on January 16, 2007. Mr. John Esposito, Chief Financial
Officer, confirmed all information in this report
LEGAL
Legal
Form : Corporation
- Private
Since
(D/M/Y) :
05/02/1981
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
Entity
Name: ANDIN INTERNATIONAL INC.
Filing Date:
FEBRUARY 05, 1981
County:
Jurisdiction:
Entity
Type: DOMESTIC BUSINESS CORPORATION
Entity
Status: ACTIVE
NOTE:
Managers/Key
Personnel
Mr. Ofer
Azreilant Chairman, President & CEO
Mr. John
Esposito Chief
Financial Officer
AFFILIATED ENTITIES
The
Subject has affiliates overseas, management declined to provide the legal names
and location of these entities.
BANKS
Sovereign
Bank
Telephone:
401 752-1432
Facsimile:
401 752-1438
Account
Number: 75860011651
Account
Manager:
We have
contacted the bank who has not yet responded. In the event a response is
received, the information will be forwarded on immediately. It is our
experience that these requests could take several days before a response is
received.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
CELLUL/PAG 06-12 06-12 NET 30 100
100 100 0 0
0 0 CUST
6 YR
ELEC SUPLR 07-01 00-00 NET 30 0
0 0 0
0 0 0
CUST 7 YR
FINCL SVCS 06-12 06-12 CONTRCT 25400 2700
100 0 0 0
0 CUST 2 YR
GIFTWARE
06-12 00-09 NET 30 0 0
0 0 0
0 0 CUST
9 YR
MANUFCTRNG 06-10 00-00 NET 30 31900
16800 100 0 0
0 0
PACKAGING
06-11 00-00 NET 30 100 0
0 0 0
0 0
SAFTY PROD 07-01 06-11 NET 30 500
200 0 100 0
0 0 CUST 15 YR
AIR TRANS
06-08 03-07 0000000 2200
100 0 13
0 87 0
CUST 25 YR
AIR TRANS
05-12 00-00 NET 30 2600 100
0 0
0 0 100 COLLECTION
AUTO LEASE 06-08 00-00 VARIED 20200
15100 100 0 0
0 0 CUST
6 YR
CELLUL/PAG 06-04 02-04 NET 30 300
300 0 0
0 0 100 WRITE-OFF
COMPUTERS
04-02 00-00 NET 30 2200 2200
0 0 0 100
0
GIFTWARE
04-03 00-00 NET 30 0 0
0 0 0
0 0 CUST
7 YR
LEASING
05-01 05-01 NOTE 140500 134700
98 2 0
0 0
MISC MANUF 05-12 05-11 VARIED 5400
0 0 0
0 0 0
NEWSPAPERS 06-05 00-00 NET 30 3900
3900 100 0 0
0 0
OFFC SUPPL 04-05 96-06 CREDIT 0
0 0 0
0 0 0
ACCTCLOSED
OFFC EQUIP 04-12 04-11 NET 30 2500
2500 0 100 0
0 0 CUST
2 YR
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0 0 0 0
TELECOM
05-06 00-00 NET 30 0 0
0 0 0
0 0
TELECOM
06-08 06-07 NET 30 1200 100
64 0 36
0 0 PAYS-SLOW
CURRENT QUARTER 58000 19800
99 1 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061200
0 4 0 20700 99
1 0 0 0
20061100
0 4 0 21200 100 0
0 0 0
20061000
0 4 0 26700 100 0
0 0 0
20060900
0 4 0 17700 97
3 0 0 0
20060800
0 6 1 25900 99
0 0 1 0
20060700
0 5 0 26600 99
1 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 0 20600 100 0
0 0 0
Third
2006 0 23400 99
1 0 0 0
Second
2006 0 23100 100 0
0 0 0
First
2006 2 17900 96
2 1 1 0
Fourth
2005 0 35400 98
2 0 0 0
FINANCIAL INFORMATION
Fiscal
Year End: 12/31.
Mr.
Esposito declined to provide financial statements, but stated annual sales to
exceed USD$200 million.
As a
privately held company, the Subject is not required to file financial
statements for public review.
CURRENT OPERATIONS
NAICS
Code: 42 Wholesale Trade
Number
of Employees: 200
Business Activity:
The
Subject is engaged in the import and distribution of jewelry.
The
heading address is the Subject's sole location.
PUBLIC RECORD
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: FLEET PRECIOUS METALS INC., AS AGENT
Filing
Date: 9/6/2000
Filing
Number: 00173339
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: SOVEREIGN PRECIOUS METALS, LLC, AS COLLATERAL AGENT
Filing
Date: 11/22/2005
Filing
Number: 0511221251887
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: SOVEREIGN PRECIOUS METALS, LLC, AS COLLATERAL AGENT
Filing
Date: 11/18/2005
Filing
Number: 0511181239414
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: CITICORP VENDOR FINANCE, INC.
Filing
Date: 9/12/2005
Filing
Number: 0509125803785
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
ANDIN
INTERNATIONAL, INC.
KCA
ACQUISITION CORP.
Secured
Parties: FL
Filing
Date: 8/15/2005
Filing
Number: 0508155722953
Filing
Type: CONTINUATION
Original
Filing Number: 00173332
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
ANDIN
INTERNATIONAL, INC.
KCA
ACQUISITION CORP.
Secured
Parties: FL
Filing
Date: 8/15/2005
Filing
Number: 0508155722939
Filing
Type: CONTINUATION
Original
Filing Number: 00176370
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
ANDIN
INTERNATIONAL, INC.
KCA
ACQUISITION CORP.
Secured
Parties: FL
Filing
Date: 8/15/2005
Filing
Number: 0508155722737
Filing
Type: CONTINUATION
Original
Filing Number: 00192480
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
ANDIN
INTERNATIONAL, INC.
KCA
ACQUISITION CORP.
Secured
Parties: FL
Filing
Date: 8/15/2005
Filing
Number: 0508155722725
Filing
Type: CONTINUATION
Original
Filing Number: 00173330
==
Name
Searched: ANDIN INTERNATIONAL INC.
Amount:
$ 500,000.00
Attorney
For Creditor: HELLER, HOROWITZ &
FEIT PC
Creditor:
AZRIELANT, AYA
Debtors:
ANDIN INTERNATIONAL INC
Docket
Date: 02/28/2003
Docket
Type: JUDGMENTS
Lien
Type: JUDGMENTS DOCKET
Transaction
Number: 31001673125
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Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: MDM COPYING SERVICES INC. GREATAMERICA LEASING CORPORATION
(ASSIGNEE)
Filing
Date: 10/10/2000
Filing
Number: 00196339
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC
Secured
Parties: FLEET BUSINESS CREDIT, LLC
Filing
Date: 9/17/2002
Filing
Number: 02212946
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: FLEET PRECIOUS METALS INC, AS AGENT
Filing
Date: 10/6/2000
Filing
Number: 00194633
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: IBM CREDIT LLC
Filing
Date: 3/25/2004
Filing
Number: 0403250309139
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: FLEET PRECIOUS METALS INC., AS AGENT
Filing
Date: 7/19/2005
Filing
Number: 0507190809566
Filing
Type: CONTINUATION
Original
Filing Number: 00194633
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: FLEET PRECIOUS METALS INC., AS AGENT
Filing
Date: 8/15/2005
Filing
Number: 0508155722648
Filing
Type: CONTINUATION
Original
Filing Number: 00173345
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL INC.
Secured
Parties: CITICORP VENDOR FINANCE, INC.
Filing
Date: 10/18/2004
Filing
Number: 0410185869596
Filing
Type: INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Debtor
Address: ANDIN INTERNATIONAL, INC.
Secured
Parties: VERIZON CREDIT INC.
Filing
Date: 11/28/2003
Filing
Number: 0311281909436
Type:
INITIAL FILING
==
Name
Searched: ANDIN INTERNATIONAL INC.
Amount:
$ 500,000
Attorney:
HELLER HOROWITZ AND FEIT PC
Creditor:
AYA AZRIELANT
Debtors:
ANDIN INTERNATIONAL INC
Docket
Number: 001673125
Filing
Date: 2/28/2003
Type:
JUDGMENT
==
We have
also conducted a nationwide search with bankruptcy courts, which have revealed
no record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
ANDIN
INTERNATIONAL INC. is engaged in the import and distribution of jewelry. The
Subject's payment history reports some sluggish payments and collections. Management
provided operating details. Judgements have been traced to the Subject, 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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