MIRA INFORM REPORT

 

 

Report Date :

19th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

PAUL WINSTON FINE JEWELRY GROUP, LTD.

 

 

Registered Office :

151 West 46th Street, 11th Floor, New York 10036, United States

 

 

Country :

United States

 

 

Date of Incorporation :

02.02.1990

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Engages in the manufacture and distribution of jewellery.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow and Delayed

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : PAUL WINSTON FINE JEWELRY GROUP, LTD.

Trade Name(s)               : Paul Winston True Romance

Address                        : 151 WEST 46TH STREET, 11TH FLOOR

City                              : NEW YORK

State/Province               : NEW YORK

Zip Code                       : 10036

Country                         : UNITED STATES

Telephone                     : 212 381-2160

Facsimile                      : 212 869-4835

Legal Form                    : Limited Company

Website                        : www.trueromance.net

@rating Opinion :

Business Activity           : The Company engages in the manufacture and distribution of jewelry.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

PERSON CONTACTED:

Ms. Nubia Torres, Finance Director.

 

Ms. Torres confirmed the contact information and legal name for the Subject.  She could not provide information over the telephone and has not responded to our request which was sent to her via fax.  As a result, we have not been able to verify the information found in this report or confirm the number of employees, names of officers, or financial information for the Subject.

 

 

LEGAL

 

Legal Form                                                        : Limited Company                          

Since (D/M/Y)                                                    : 02/02/1990

State/Province of Incorporation                            : NEW YORK

Status                                                               : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

 

The Company is incorporated under the following registration:

--

Entity Name                  : PAUL WINSTON FINE JEWELRY GROUP, LTD.

Initial Filing Date            : FEBRUARY 02, 1990

County                          : NEW YORK

Jurisdiction                    : NEW YORK

Entity Type                    : DOMESTIC BUSINESS CORPORATION

Current Status               : ACTIVE

Entity Address               : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 5TH AVENUE, NEW YORK, NEW YORK 10017

Principal Office              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 5TH AVENUE, NEW YORK, NEW YORK 10017

Registered Agent           : NONE

 

 

Managers/Key Personnel

 

Mr. Isaac Gad                            Chief Executive Officer

Ms. Nubia Torres                                   Controller

 

 

AFFILIATED ENTITIES

 

Paul Winston - Eurostar LLC

 

 

BANKS

 

8

 

Telephone:

Facsimile:

Account Number:

Account Manager:

 

A bank reference could not be obtained at this time.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  06-11 00-00 0000000 3000     800      100 0   0   0   0   CUST  7 YR

 BLDG MATRL 07-01 02-12 CREDIT  10000    0        0   0   0   0   0

 

 FREIGHT    06-12 06-12 NET 15  2800     2800     1   0   0   1   98

 MANUFCTRNG 06-10 00-00 NET 30  700      0        0   0   0   0   0

 OFFC SUPPL 07-01 03-01 CREDIT  4000     1900     100 0   0   0   0   ACCTCLOSED

 AIR TRANS  04-01 00-00 NET 30  100      100      100 0   0   0   0   CUST  1 YR

 BUS SERVCS 06-02 00-00 VARIED  200      0        0   0   0   0   0

 LEASING    05-09 00-00 CONTRCT 4000     0        0   0   0   0   0

 CURRENT QUARTER                20500    5500     50  0   0   1   49

 

 Payment Trends

 

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20061200  0      4         53           5400     49  0   1   0   50

 20061100  0      4         41           6900     52  9   0   3   36

 20061000  0      4         48           4500     41  0   4   39  16

 20060900  0      4         36           4200     30  11  33  26  0

 20060800  0      6         18           3500     19  61  20  0   0

 20060700  0      5         4            2900     73  27  0   0   0

 

 

Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 Fourth   2006              44           6500     55  3   0   1   41

 Third    2006              35           4100     30  22  19  23  6

 Second   2006              4            2100     74  26  0   0   0

 First    2006              3            1200     84  15  0   1   0

 Fourth   2005              2            1800     91  7   1   1   0

 

 

FINANCIAL INFORMATION

 

Financial information could not be obtained at this time.

 

 

CURRENT OPERATIONS

 

NAICS Code:   33991     Jewelry and Silverware Manufacturing

 

 

Business Activity

 

The Company engages in the manufacture and distribution of jewellery.

 

The Company engages as a manufacturer of bridal sets, engagement rings, wedding bands, and semi mounts, and offers 14k &  18k gold &  platinum jewellery. It targets jewellery specialty stores and retail stores worldwide.

 

The heading address is the Company headquarters and serves as an administrative office, production facility, storage facility, and a distribution center. The property is leased by the Company.  At this time, it could not be determined whether the Company conducts business at any additional locations.

 

 

PUBLIC RECORD

 

A search of public revealed the following:

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtors                         : PAUL WINSTON FINE JEWELRY GROUP, LTD

  589 FIFTH AVENUE, NEW YORK, NY 10017

Filing Date                     : 05/15/2000

Filing Number                : 00PN24595

Filing Type                    : INITIAL FILING

Original Filing Number    : 00PN24595

Secured Party               : EMPIRE FINANCIAL FUNDING, INC.

  71 MAPLE AVENUE, MORRISTOWN, NJ 07960

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  151 WEST 46TH STREET, 11TH FL., NEW YORK, NY 10036

Secured Parties             : ANTWERPSE DIAMANTBANK N.V.

Filing Date                     : 6/26/2002

Filing Number                : 02148990

Filing Type                    : AMENDMENT

Original Filing Number    : 99233304

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Amount                         : $ 4,742

Attorney                        : GONZALEZ AND WEICHERT LLP

Civil Summons               : CIVIL COURT OF THE CITY OF NEW YORK - NEW YORK BABACO ALARM

                                      SYSTEMS INC v. PAUL WINSTON FINE JEWELRY GROUP LTD

Defendant                      : PAUL WINSTON FINE JEWELRY GROUP LTD

  151 W 46 ST, NEW YORK, NY 10017

Docket Number              : 4291503

Filing Date                     : 8/18/2003

Plaintiff                          : BABACO ALARM SYSTEMS INC

Type                             : CIVIL SUMMONS

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Amount                         : $ 8,174

Attorney                        : ROE AND KRAMER

Civil Summons               : CIVIL COURT OF THE CITY OF NEW YORK - NEW YORK

  IE DESIGN INC v. PAUL WINSTON FINE JEWELRY GROUP LTD

Defendant                      : PAUL WINSTON FINE JEWELRY GROUP LTD

  589 5 AV, NEW YORK, NY 10017

Docket Number              : 381202

Filing Date                     : 2/1/2002

Plaintiff                          : IE DESIGN INC

Type                             : CIVIL SUMMONS

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 FIFTH AVENUE, NEW YORK, NY 10017

Secured Parties             : EMPIRE FINANCIAL FUNDING, INC. HIGHLAND CAPITAL CORP.

  (ASSIGNEE)

Filing Date                     : 5/10/2000

Filing Number                : 00092274

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 FIFTH AVENUE, NEW YORK, NY 10036

Secured Parties             : DISONS GEMS, INC.

Filing Date                     : 11/16/2000

Filing Number                : 00222432

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 FIFTH AVENUE, NEW YORK, NY 10017

Secured Parties             : EUROSTAR BELGIUM, INC.

Filing Date                     : 12/20/2001

Filing Number                : 01250537

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP LTD.

  589 FIFTH AVE NEW YORK, NEW YORK, NY 10017

Secured Parties             : M &  T CREDIT CORPORATION

Filing Date                     : 5/13/2002

Filing Number                : 02112081

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 FIFTH AVENUE, SUITE 812, NEW YORK, NY 10017

Secured Parties             : FREDERICK GOLDMAN, INC.

Filing Date                     : 4/23/2001

Filing Number                : 01078730

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

 589 5TH AVENUE NEW YORK, NY 10017

Secured Parties             : IBM CREDIT LLC

Filing Date                     : 5/20/2003

Filing Number                : 0305205065051

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD.

  589 FIFTH AVENUE, NEW YORK, NY 10036

Secured Parties             : ESKAY DIAMONDS, INC.

Filing Date                     : 8/27/2001

Filing Number                : 01162634

Filing Type                    : INITIAL FILING

-----

Name Searched : PAUL WINSTON FINE JEWELRY GROUP LTD.

Debtor Address              : PAUL WINSTON FINE JEWELRY GROUP, LTD

  589 FIFTH AVENUE, NEW YORK, NY 10017

Secured Parties             : THE MYERSON COMPANIES, INC.

Filing Date                     : 5/26/2000

Filing Number                : 00104941

Filing Type                    : AMENDMENT

Original Filing Number    : 99226155

-----

No additional legal proceedings, UCC filings, or any bankruptcy petitions or tax liens were found against the firm at this time.

 

 

GENERAL COMMENTS

 

Paul Winston Fine Jewelry Group, Ltd., incorporated in 1990 in the state of New York, engages as a manufacturer and distributor of jewelry. A payment record appears in poor condiiton.  A search of public records revealed some negative filings; however, no bankruptcy petitions were found against the Company. The Company is considered well-established.

 


 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions