MIRA
INFORM REPORT
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Report Date : |
07.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PRESTIGE JEWELRY INTERNATIONAL, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1993 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Jewelry wholesaler. |
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
Company Name: PRESTIGE JEWELRY INTERNATIONAL, INC.
Address: 529 5TH AVENUE 17TH FLOOR
City:
State/Province:
Zip Code: 10017
Country: UNITED STATES
Telephone: 212-681-0100
Facsimile: 212-681-0310
Founded (D/M/Y): /
/1993
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 30
Legal Form: Corporation - Private
Website: N/A
Maj. Shareholder: The Kothari Family
Business Activity: The
Company is a jewelry wholesaler.
NOTE TO CLIENT
NOTE::LEGAL NAME: PRESTIGE JEWELRY
INTERNATIONAL, INC.
ORDERED NAME: PRESTIGE JEWELRY INTERNATIONAL, INC
Persons Contacted: Mr. Deepak Sanghavi, CFO. He verified and updated the information
presented to him.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 12/01/1993
State/Province of Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was incorporated in
Selected Entity Name: PRESTIGE JEWELRY INTERNATIONAL, INC.
Selected Entity Status Information Current Entity Name: PRESTIGE
JEWELRY INTERNATIONAL, INC.
Initial DOS Filing Date: JANUARY
12, 1993
County:
Jurisdiction:
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)
PRESTIGE JEWELRY INTERNATIONAL, INC.
17TH FL
Principal
Executive Office
PRESTIGE JEWELRY INTERNATIONAL, INC.
17TH FL
Registered Agent
NONE
Managers/Key
Personnel
Mr. Tushar Kothari
President & CEO
Mr. Deepak Sanghavi Chief
Financial Officer
Mr. Miden Kothari
Officer
OWNERS
The Kothari Family % Majority
The Company has no branches, subsidiaries or affiliates.
BANKS
Antwerp Diamond Bank
Telephone: 212-333-5414
Facsimile: 212-333-5290
Account Number:
Account Manager:
The Company declined to provide account information for this bank.
PAYMENT HISTORY
No payment record was found for the Subject at this time.
FINANCIAL INFORMATION
Due to company policy, Mr. Sanghavi declined to provide any financial
statement information for this report.
HISTORY
The Company, incorporated in 1993, is a wholesaler of jewelry. The Company was formerly named Miten Jewelry,
Inc. In 2005 the name was changed to its current style.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
30
Business Activity:
The Company is a jewelry wholesaler.
The products include necklaces, rings, earrings and other related items.
Sales are to retailers located throughout the
The heading address is the company's sole location. The Facility is leased.
TRADE REFERENCES
The Company stated that it has no significant creditors in the
PUBLIC RECORD
A search of public revealed the following information and action against
the Company and no bankruptcy petitions. We could not determine the status of
the action at this time.
Name Searched: PRESTIGE JEWELRY INTERNATIONAL INC.
Defendant Counsel: UNKNOWN
Defendant: DAMATO CONRAD
PRESTIGE JEWELRY INTL INC
SKARET PAUL
Plaintiff Counsel: UNKNOWN
Plaintiff: FREDERICK GOLDMAN INC
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Name Searched: PRESTIGE JEWELRY INTERNATIONAL INC.
Debtor Address: MITEN JEWELRY INC.
529
PRESTIGE JEWELRY (DBA)
529
PRESTIGE JEWELRY INTERNATIONAL INC.
529
Secured Parties: ANTWERPSE DIAMANTBANK N.V.
Filing Date: 8/24/2005
Filing Number: 0508248308820
Filing Type: AMENDMENT
Original Filing Number: 0309291652705
GENERAL COMMENTS
Prestige Jewelry International, Inc., formerly Miten Jewelry, Inc., was
founded in 1993 as a wholesaler of jewelry.
No payment record was found for the Subject, however, the operating
history is clear. One action was found
against the Company, however, no bankruptcy petitions were reported or
noted. The Company is responsible for
normal business transactions.
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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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%)