MIRA INFORM REPORT

 

 

Report Date :

28.02.2007

 

IDENTIFICATION DETAILS

 

Name :

JODAMO INTERNATIONAL LTD.

 

 

Registered Office :

321 Grand Street, New York 10002                       

 

 

Country :

United States                

 

 

Date of Incorporation :

09/05/1983

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Retailer of fine men's clothing and apparel.

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : JODAMO INTERNATIONAL LTD.

Address                        : 321 GRAND STREET

City                              : NEW YORK

State/Province               : NEW YORK                    

Zip Code                       : 10002                       

Country                         : UNITED STATES               

Telephone                     : 212 219-0552                

Facsimile                      : 212 219-0041               

In KUSD  As of              : 31/12/2006

Sales / Revenue : 2,000  

Net Income                    : --

Total Equity                   : --

Number of Employees    : 12  

Legal Form                    : Corporation - Private

Website                        : jodamointernational.com

Business Activity           : The Company engages as a retailer of fine men's clothing and apparel.

 

 

NOTE TO CLIENT

 

PERSON CONTACTED:

Mr. Moises Masri, President.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 09/05/1983

State/Province of Incorporation    : NEW YORK

Status                                       : ACTIVE

Previous Legal Form                   :

Company is NOT required to publish an annual financial report.

 

Entity Name:                 JODAMO INTERNATIONAL LTD.

Initial Filing Date:           MAY 09, 1983

County:                         KINGS

Jurisdiction:                   NEW YORK

Entity Type:                   DOMESTIC BUSINESS CORPORATION

Current Status:              ACTIVE

Entity Address:              JODAMO INTERNATIONAL LTD.

                         321 GRAND ST

                                     NEW YORK, NEW YORK, 10002

  Principal Office:           JODAMO INTERNATIONAL LTD.

                                    321 GRAND ST

                                    NEW YORK, NEW YORK, 10002

 

 

Managers/Key Personnel

 

Mr. Moises Masri                                   Chief Executive Officer

Mr. Joe Masri                            President

Mr. Morris Masri                       Vice President

 

 

AFFILIATED ENTITIES

 

There are no affiliated companies or subsidiaries.

 

 

BANKS

 

BANCO POPULAR

Delancy Street

New York, NY 10002

Telephone: 212 460-5055

Facsimile: 212 533-6967

Account Number:

Account Manager:

 

The bank listed above is the primary bank of use for the Subject.  A request for account information has been forwarded to the bank. However, a signed authorization could not be obtained from management and account details may not be available as a result.

 

 

PAYMENT HISTORY

 

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

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

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

 FACTOR     06-12 00-00 VARIED  8200     0        0   0   0   0   0

 FACTOR     07-01 06-09 NET 90  2400     0        0   0   0   0   0

 

 FACTOR     05-05 05-05 VARIED  29800    14700    91  0   3   6   0   PAYS-SLOW

 LEASING    07-02 00-00 NET 30  100      100      100 0   0   0   0   CUST  1 YR

 CURRENT QUARTER                10600    0        0   0   0   0   0

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

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

 20070200  0      7         0            0        0   0   0   0   0

 20070100  0      6         0            0        0   0   0   0   0

 20061200  0      5         15           800      0   100 0   0   0

 20061100  0      5         48           1300     0   63  0   0   37

 20061000  0      5         26           2900     28  55  0   0   17

 20060900  0      4         75           500      0   0   0   100 0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

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

 Fourth   2006              0            0        0   0   0   0   0

 Third    2006              21           3900     8   80  4   4   4

 Second   2006              0            0        0   0   0   0   0

 First    2006              0            0        0   0   0   0   0

 Fourth   2005              0            0        0   0   0   0   0

 

FINANCIAL INFORMATION

 

FINANCIAL FIGURES

 

 Year-End (D/M/Y):               31/12/2007         31/12/2006         31/12/2006

                                 Projected         Consolidated

 Sales / Revenues                    2,500            2,000              -    

 

The Subject reports annual sales for the fiscal year 2006 in the US $2 million range.  It projects that annual sales for the fiscal year 2007 will close in US $2-$2.5 million range.

 

 

CURRENT OPERATIONS

 

NAICS Code:   44811     Men's Clothing Stores

SIC Code:     5611

 

Number of Employees:              12  

 

Business Activity:

The Company engages as a retailer of fine men's clothing and apparel.

                                     -    -    -

The Company specializes in the retail sale of coats, suits, blazers, sweaters, pants, sportswear, shirts, leather goods, neckwear, and shoes.  It represents brands such as Versace, Ferre, Valentino, Hugo Boss, and Bruno Magli. The firm targets consumers in the local market.

 

                                     -    -    -

The heading address is the Company headquarters and sole location and serves as an administrative office and retail store.  The property is a 5,000 square foot facility that is rented by the Company.

 

 

PUBLIC RECORD

 

A search of public revealed the following:

-----

Name Searched: JODAMO INTERNATIONAL LTD

Debtor Address: JODAMO INTERNATIONAL LTD.

130 ORCHARD STREET

NEW YORK, NY 10002

Secured Parties: BANCO POPULAR NORTH AMERICA

Filing Date: 3/2/2006

Filing Number: 0603025207792

Filing Type: CONTINUATION

Original Filing Number: 01120614

-----

Name Searched: JODAMO INTERNATIONAL LTD

Debtor Address: JODAMO INTERNATIONAL LTD

321 GRAND ST

NEW YORK, NY 10002

Secured Parties: BANCO POPULAR NORTH AMERICA

Filing Date: 9/1/2005

Filing Number: 0509015779703

Filing Type: INITIAL FILING

-----

Name Searched: JODAMO INTERNATIONAL LTD

Debtor Address: JODAMO INTERNATIONAL, LTD.

321 GRAND STREET

NEW YORK, NY 10002

Secured Parties: BANCO POPULAR NORTH AMERICA FKA BANCO POPULAR DE PUERTO RICO

Filing Date: 12/13/2001

Filing Number: 01245027

Filing Type: CONTINUATION

Original Filing Number: 97088360

-----

Name Searched: JODAMO INTERNATIONAL LTD

Debtor Address: JODAMO INTERNATIONAL LTD.

Secured Parties: BANCO POPULAR NORTH AMERICA FKA BANCO POPULAR DE PUERTO RICO

Filing Date: 10/29/2001

Filing Number: 01208637

Filing Type: CONTINUATION

Original Filing Number: 92014573

-----

Name Searched: JODAMO INTERNATIONAL LTD

Debtor Address: JODAMO INTERNATIONAL LTD

Secured Parties: BANCO POPULAR DE PUERTO RICO

Filing Date: 1/16/2002

Filing Number: 02012035

Filing Type: CONTINUATION

Original Filing Number: 92014573

-----

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

 

 

GENERAL COMMENTS

 

Jodamo International Ltd., incorporated in 1983 in the state of New York, engages as a retailer of fine men's clothing. A payment record appears in great condition. A search of public records failed to reveal any negative

 information against the firm. The Company is considered well-established and appears responsible for normal business transactions.

 

 

 

 

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