MIRA
INFORM REPORT
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Report Date : |
12th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SIMON G.
JEWELLERY, INC. |
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Registered Office : |
528 State Street, Glendale, California 91203, United States |
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Country : |
United
States |
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Date of Incorporation : |
01.08.1994 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
The Company sells wedding an bridal jewelry through authorized jewelry dealers nationwide. |
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 : SIMON G.
JEWELRY, INC.
Trade
Name(s) : SIMON G.
Address : 528 STATE
STREET
City :
GLENDALE
State/Province : CALIFORNIA
Zip
Code :
91203
Country : UNITED
STATES
Telephone : 818-500-8595
Facsimile : 818-500-9697
Legal
Form :
Corporation - Private
Website :
www.simonjewelry.com
@rating
Opinion :
Business
Activity : The Company
sells wedding an bridal jewelry through authorized jewelry
dealers nationwide.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 26
NOTE TO CLIENT
PLEASE
NOTE:
Ordered
Name: SIMON G. JEWLLERY
Correct
Name: SIMON G. JEWELRY, INC.
Ms.
Houri Hagopian, General Manger, declined to provide or confirm any information
regarding the Company. Therefore, general information contained in this report
cannot be substantiated.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 01/08/1994
State/Province
of Incorporation : CA
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company is incorporated in the state of California:
SIMON
G. JEWELRY, INC.
Number : C1748477
Date
Filed : 8/1/1994
Status : active
Jurisdiction : California
Address
635
S HILL ST STE 703
LOS
ANGELES, CA 90014
Agent
for Service of Process
KEVIN
J MOORE
301
E COLORADO BLVD STE 600
PASADENA,
CA 91101
Managers/Key Personnel
Mr.
Simon Ghanimian President
Ms.
Houri Tavitian General Manager
AFFILIATED ENTITIES
As
far as could be determined, there are no affiliates or subsidiaries.
BANKS
CA
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Management
declined to provide the name of the Company's primary bank.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 06-10 00-00 NET 30
0 0 0
0 0 0 0 CUST
2 YR
MANUFCTRNG 06-09 00-00 VARIED
400 0 0
0 0 0 0
OFFC SUPPL 06-11 02-11 CREDIT
5700 0 0
0 0 0 0
OFFC SUPPL 06-11 00-03 CREDIT
1400 0 0
0 0 0 0
PAPER PROD 06-10 00-00 COD
0 0 0
0 0 0 0
PLUMBING 06-09 00-00
NET30 0 0 0 0
0 0 0 CUST 6 YR
AIR
TRANS 05-12 00-00 NET 30 100
0 0 0
0 0 0 CUST 3 YR
ELEC MFG 04-03 03-07 NET
30 200 0 0 0
0 0 0
ADMIN 05-05 00-00
CREDIT 0 0 0 0
0 0 0 CUST 37 YR
CURRENT QUARTER 7500
0 0 0
0 0 0
FINANCIAL INFORMATION
Management
declined to provide any financial information. Outside sources indicate an
annual sales figure of US$4,200,000.
CURRENT OPERATIONS
NAICS
Code :
44831 Jewelry Stores
SIC
Code : 5944
Number
of Employees : 26
Business Activity
The
Company sells wedding an bridal jewelry through authorized jewelry dealers
nationwide.
As
far as could be determined, there are no branch locations or divisions. The heading
address is the Company's headquarters and sole location where it oversees
day-to-day operations. We could not determine if the building is owned or
leased nor the square footage of the space.
PUBLIC RECORD
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.
GENERAL COMMENTS
Incorporated
in 1994, the Subject is an established seller of jewelry. Payment records,
though limited, are considered to be generally satisfactory and a search of
public records and bankruptcy courts returned no derogatory information or
record of the Company filing a bankruptcy petition.
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%)