MIRA INFORM REPORT

 

 

Report Date :

28.02.2007

 

IDENTIFICATION DETAILS

 

Name :

JEVY, INC.

 

 

Registered Office :

4508 13th Avenue, Brooklyn, New York 11219                       

 

 

Country :

United States               

 

 

Date of Incorporation :

28/06/1998

 

 

Legal Form :

Corporation – Private

 

 

Line of Business :

Retailer of Italian men's and children's clothing.

 

 

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 : JEVY, INC.

Address                        : 4508 13TH AVENUE

City                              : BROOKLYN

State/Province               : NEW YORK                             

Zip Code                       : 11219                       

Country                         : UNITED STATES               

Telephone                     : 718 686-9691                

Facsimile                      : 718 686-9691                

As of                             : --

Sales / Revenue : --

Net Income                    : --

Total Equity                   : --

Number of Employees    : 3  

Legal Form                    : Corporation - Private

Website                        : no website available

Business Activity           : The Company engages as a retailer of Italian men's and children's clothing. It targets

                                      consumers in Brooklyn and Manhattan in New York.

 

 

NOTE TO CLIENT

 

PERSON CONTACTED:

Mr. Victor Jajati, President.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                     

Since (D/M/Y)                            : 28/06/1998

State/Province of Incorporation    : NEW YORK

Status                                       : INACTIVE

Previous Legal Form                   :

Company is NOT required to publish an annual financial report.

 

Entity Name:                 JEVY, INC.

Initial Filing Date:           JUNE 23, 1998

County:                         NEW YORK

Jurisdiction:                   NEW YORK

Entity Type:                   DOMESTIC BUSINESS CORPORATION

Current Status:              INACTIVE

Entity Address:              ALLAN SAKKAL CPA

                         563 KINGS HIGHWAY

                         BROOKLYN, NEW YORK, 11223

--

NOTE: It is not uncommon, nor necessarily detrimental to find an incorporation status as " inactive" . This term may result from a failure to send updated information to the Offices of the Secretary of State, or taxes that have not been brought to current. The company may have outsourced these responsibilities and may not be aware of the situation. A company can, most certainly, still operate under these conditions. The status can be easily reinstated to active once the problem is remedied.

 

 

 

 

Managers/Key Personnel

 

Mr. Victor Jajati                      President

 

 

AFFILIATED ENTITIES

 

Jatco, Inc.

 

 

BANKS

 

BANK OF AMERICA

Telephone:

Facsimile:

Account Number:

Account Manager:

 

The bank listed above is the primary bank of use for the Subject.  An account reference or signed authorization could not be obtained at this time, and as a result, detailed account information would not be released.

 

 

PAYMENT HISTORY

 

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

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

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

 BLDG MATRL 07-01 00-00 CREDIT  2500     0        0   0   0   0   0

 FACTOR     06-12 00-00 VARIED  3200     1200     0   0   0   0   100

 

 FACTOR     07-01 06-11 NET 60  1400     800      0   100 0   0   0

 FINCL SVCS 07-02 07-02 CONTRCT 0        0        0   0   0   0   0   SATSFTRY

 ADVERTISNG 06-05 00-00 VARIED  0        0        0   0   0   0   0

 FACTOR     05-05 05-05 VARIED  5500     800      100 0   0   0   0

 FINCL SVCS 06-03 06-03 CONTRCT 0        0        0   0   0   0   0   SATSFTRY

 CURRENT QUARTER                7100     2000     0   40  0   0   60

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      11        69           2000     0   40  0   0   60

 20070100  0      9         63           2000     40  0   0   0   60

 20061200  0      8         45           2000     40  0   0   60  0

 20061100  0      7         13           3200     14  86  0   0   0

 20061000  0      7         13           3200     14  86  0   0   0

 20060900  0      7         0            2700     100 0   0   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              35           2400     30  38  0   16  16

 Third    2006              5            2900     68  32  0   0   0

 Second   2006              0            0        0   0   0   0   0

 First    2006              0            0        0   0   0   0   0

 Fourth   2005              7            1900     73  17  10  0   0

 

 

FINANCIAL INFORMATION

 

Financial information could not be obtained at this time.

 

 

CURRENT OPERATIONS

 

NAICS Code:   999       Unclassified Establishments

 

Number of Employees:               3  

 

Business Activity:

The Company engages as a retailer of Italian men's and children's clothing. It targets consumers in Brooklyn and Manhattan in New York.  The heading address is the Company headquarters and serves as a retail store. The property is leased by the Company. The Company also leases an additional retail location in Manhattan in New York City.

 

 

GENERAL COMMENTS

 

Jevy, Inc., incorporated in 1998 in the state of New York, engages as a retailer of Italian men's and children's clothing. A recent payment history appears in poor condition. A search of public failed to reveal negative information against the Company.  The Company is considered 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

 

 

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