MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KAMICO, INC. |
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Registered Office : |
36 West 47th Street Suite #609, New York 10036, United States |
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Country : |
United
States |
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Date of Incorporation : |
25/02/1985 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer and Wholesaler of diamonds and 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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
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Company Name |
KAMICO,
INC. |
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Address |
36
WEST 47TH STREET SUITE #609 |
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City |
NEW
YORK |
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State/Province |
NEW
YORK |
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Zip Code |
10036 |
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Country |
UNITED
STATES |
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Telephone |
212-302-2144 |
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Facsimile |
212-768-9288 |
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Legal Form |
Corporation
- Private |
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Website |
N/A |
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Maj. Shareholder |
Mr.
Cameron Hakmati |
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@rating Opinion |
- |
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Business Activity |
The
Company is an importer and wholesaler of diamonds and jewelry. |
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Founded (D/M/Y) |
/
/1985 |
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In KUSD As of |
31/12/2005 |
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Sales / Revenue |
5,000 |
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Net Income |
- |
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Total Equity |
- |
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Number of Employees |
3 |
NOTE TO CLIENT
Person
Contacted: Mr. Cameron Hakmati,
President and Owner. Mr. Hakmati verified
and updated the information presented to him.
LEGAL
Legal
Form :
Corporation - Private
Since (D/M/Y): 25/02/1985
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company incorporated in New York under the following registration:
Current
Entity Name : KAMICO, INC.
Initial
DOS Filing Date : FEBRUARY
25, 1985
County : QUEENS
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)
KAMICO,
INC.
565
FIFTH AVE.
NEW
YORK, NEW YORK, 10017
Registered
Agent: NONE
Managers/Key Personnel
Mr.
Cameron Hakmati
President
OWNERS
Mr.
Cameron Hakmati
100.00% Majority
The
Company has no subsidiaries or affiliates.
BANKS
Valley
National Bank
New
York NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
A
fax was sent to the Company for additional account information for credit
information.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 06-08 00-00
0000000 1800 800 56
44 0 0 0 CUST 14 YR
BLDG MATRL 06-11 01-10 CREDIT
0 0 0
0 0 0 0 ACCTCLOSED
COMPUTERS 06-11 00-00
CREDIT 10000 0 0 0
0 0 0
OFFC SUPPL 06-11 00-00 CREDIT
2000 0 0
0 0 0 0
OFFC SUPPL 06-11 02-12 CREDIT
4000 0 0 0 0
0 0
COMPUTERS 06-05 00-00
0000000 1000 0 0
0 0 0 0
GENERAL 05-02 00-03 NET
30 0 0 0 0
0 0 0 CUST 14 YR
CURRENT QUARTER
17800 800 56
44 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20061000 0 5 7 800 56 44 0
0 0
20060900 0 5 7 800 56
44 0 0 0
20060800 0 6 11 1000 46
44 10 0 0
20060700 0 6 0 300 100 0
0 0 0
20060600 0 5 9 800 43 57 0 0 0
20060500 0 5 9 800 43
57 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Third 2006 8 900 52 44
4 0 0
Second 2006 7 600 52 48
0 0 0
First 2006 0 0 0
0 0 0 0
Fourth 2005 0 0 0 0
0 0 0
Third 2005 0 0 0 0
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales
/ Revenues 5,000 - -
Mr.
Hakmati declined to provide financial statement information for this report,
citing company policy. He did provide a
net sales figure for 2005 of approximately US$5 Million.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Number
of Employees: 3
Business Activity
The
Company is an importer and wholesaler of diamonds and jewelry.
The
Company imports from India.
The
heading address is the sole location for the Company. The facility consists of leased office space.
PUBLIC RECORD
A
search of public revealed the following information, and no bankruptcy
petitions.
Name
Searched : KAMICO INC
Debtor
Address : KAMICO, INC.
565
FIFTH AVENUE
NEW
YORK, NY 10017
Secured
Parties : HSBC BANK USA, NATIONAL
ASSOCIATION
Filing
Date : 2/9/2005
Filing
Number : 0502095118058
Filing
Type : INITIAL FILING
--------------------------------------------------------------------------------
Name
Searched : KAMICO INC
Debtor
Address : KAMICO, INC.
36
WEST 47TH STREET
NEW
YORK, NY 10036
KAMICO,
INC.
36
WEST 47TH STREET
NEW
YORK, NY 10036
Secured
Parties : MERRILL
LYNCH BUSINESS FINANCIAL SERVICES INC.
Filing
Date :
1/19/2006
Filing
Number :
0601195064799
Filing
Type :
CONTINUATION
Original
Filing Number : 01116743
--------------------------------------------------------------------------------
Name
Searched : KAMICO INC
Debtor
Address : KAMICO, INC
36
WEST 47TH STREET
NEW
YORK, NY 10036
Secured
Parties : MERRILL LYNCH BUSINESS
FINANCIAL SERVICES INC.
Filing
Date : 6/15/2001
Filing
Number : 01116743
Filing
Type : INITIAL FILING
GENERAL COMMENTS
The
Subject, founded in 1985, is engaged as a wholesaler of diamonds and
jewelry. The payment record is
generally satisfactory and the operating history is clear. No derogatory information or 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%)