MIRA INFORM REPORT

 

 

Report Date :

12.07.2007

 

IDENTIFICATION DETAILS

 

Name :

GABRIEL &  CO.

 

 

Registered Office :

64 West 48th Street, New York - 10036                       

 

 

Country :

United States               

 

 

Date of Incorporation :

01/07/2004

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Designer and manufacturer of jewelry.

 

 

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 :

Regular

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            GABRIEL &  CO.

Trade Name(s):              Gabriel &  Company Inc.

Trade Name(s):              Gabriel &  Co,

Address:                       64 WEST 48TH STREET

City:                             NEW YORK

State/Province:              NEW YORK                              

Zip Code:                      10036                       

Country:                                    UNITED STATES               

Telephone:                    212 719-3258                

Facsimile:                     212 921-1611

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:                   Corporation - Private

Website:                       www.gabrielny.com

Business Activity:          The subject is a designer and manufacturer of jewelry.

 

 

NOTE TO CLIENT

 

Person Contacted:                Mr. Jack Storch- Accounting Manager

 

 

IMPERATIVES

 

PLEASE NOTE:

Mr. Storch adamantly declined to release information any information regarding the company.

 

The name Gabriel &  Co. is not the legal name of the company, The legal name has not been discovered. GABRIEL &  CO. has no registration in New York. A nationwide search of the Secretaries of State's Offices shows no registration for GABRIEL &  CO. in the United States. It is possible that the legal name is GABRIEL BROS. INC. but this information has not been confirmed by management.  The above address is a showroom location, management declined to release the headquarters address. Mr. Storch did give a name of GABRIEL BROTHERS to be the legal name of the company, when this name was researched 55 Scott Ave, West Virginia was named as the principal address. Management did confirm that " Gabriel &  Co."  did not have any offices or branch locations in West Virgina, nor was West Viginia the headquarters address.  We do not believe the legal name to be GABRIEL BROTHERS.

 

The New York registration is available below for your review. PLEASE NOTE management has not confirmed this to be the legal name, however outside resources consulted report this to be the legal name of the Subject.

-----

Selected Entity Name:                                                   GABRIEL BROS, INC.

Selected Entity Status Information Current Entity Name:   GABRIEL BROS, INC.

Initial DOS Filing Date:                                                   NOVEMBER 21, 1994

County:                                                                         NEW YORK

Jurisdiction:                                                                   NEW YORK

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)

 

ROBERT R. BOLTON, ESQ.

325 NESCONSET HIGHWAY

HAUPPAUGE, NEW YORK, 11788

Chairman or Chief Executive Officer

JACK GABRIEL

2 WEST 46TH STREET

ROOM #704 &  708

NEW YORK, NEW YORK, 10036

Principal Executive Office

GABRIEL BROS, INC.

2 WEST 46TH STREET

ROOM #704 &  708

NEW YORK, NEW YORK, 10036

Registered Agent

NONE

----

The payment record below is listed under the name GABRIEL and ordered address.

 

The name of the primary bank could not be obtained from management or outside sources consulted.

 

A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.

 

No further information is available.

 

This is a full investigation

 

 

LEGAL

 

Legal Form:                               Corporation - Private 

Since (D/M/Y):                           01/07/2004

State/Province of Incorporation:   WV

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

 

PAYMENT HISTORY

 

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

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

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

 AIR TRANS  07-03 00-00 0000000 50100    17700    99  1   0   0   0   CUST 11 YR

 COMPUTERS  07-06 04-02 CREDIT  7500     0        0   0   0   0   0

 

 DP SERVCS  07-06 06-10 0000000 0        0        0   0   0   0   0   CUST 11 YR

 FACTOR     07-03 00-00 VARIED  0        0        0   0   0   0   0

 NEWSPAPERS 07-06 00-00 NET 30  3400     1700     0   100 0   0   0

 OFFC SUPPL 07-06 96-12 NET 30  400      400      0   0   0   0   100 CUST 10 YR

 BUS SERVCS 06-02 06-02 NET 30  0        0        0   0   0   0   0

 MANUFCTRNG 06-10 00-00 CERTCHK 0        0        0   0   0   0   0

 OFFC SUPPL 07-01 98-09 CREDIT  5600     0        0   0   0   0   0

 PACKAGING  06-01 01-12 NET 30  0        0        0   0   0   0   0

 SOAP       06-05 00-00 2/10N30 1100     200      100 0   0   0   0

 CURRENT QUARTER                61400    19800    89  9   0   0   2

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070600  0      6         3            21500    89  9   0   0   2

 20070500  0      6         2            19800    97  1   0   0   2

 20070400  0      6         2            18100    97  1   0   0   2

 20070300  0      6         2            22600    98  0   0   0   2

 20070200  0      6         2            22600    98  0   0   0   2

 20070100  0      7         2            22600    98  0   0   0   2

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Second   2007              3            20400    92  6   0   0   2

 First    2007              2            21100    98  0   0   0   2

 Fourth   2006              2            23700    96  2   0   0   2

 Third    2006              1            45100    98  1   0   0   1

 Second   2006              2            24600    97  1   0   0   2

 

 

FINANCIAL INFORMATION

 

Management declined to release any financial information, outside sources could provide no insight into the financial status of the company.

 

 

CURRENT OPERATIONS

 

NAICS Code:   339911    Jewelry (except Costume) Manufacturing

SIC Code:     3911

NAICS Code:   212231

 

Business Activity:

The subject is a designer and manufacturer of jewelry.

 

The Subject manufacturers high end jewelry.  They design and manufacture diamond rings, bracelets, necklaces, etc.

 

 

GENERAL COMMENTS

 

Gabriel Brothers was founded in 1989 engaged as a wholesaler of designer jewellery. Payment record is satisfactory and a search of public records and bankruptcy courts revealed no derogatory information filed against the Company nor any bankruptcies filed by the Company.

 

 

 

 

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

 

 

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%)

 

 

 

 

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