MIRA
INFORM REPORT
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Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
FACTORY
DIRECT JEWELRY, LLC |
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Registered Office : |
15 West 46th Street, 4th Floor, New York, 10036 |
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Country : |
United
States |
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Date of Incorporation : |
29/03/2006 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Engaged
in the import and wholesale trade of diamond jewlery. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: FACTORY DIRECT JEWELRY, LLC
Address: 15 WEST 46TH STREET, 4TH FLOOR
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212 997-3591
Facsimile: 212 671-1183
Legal Form: Limited Liability Company
Website: No website available
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 7
Business Activity: The
Subject is engaged in the import and wholesale trade of diamond jewlery.
NOTE TO CLIENT
The Subject was contacted on October 11, 2006. Mr. Dinesh
Narwani, Sales Manager, confirmed all information in this report.
LEGAL
Legal Form: Limited Liability Company
Since (D/M/Y):
29/03/2006
State/Province of Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity Name: FACTORY DIRECT JEWELRY, LLC
Filing Date: MARCH 29, 2006
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Entity Status: ACTIVE
NOTE: New York State does not issue organizational
identification numbers.
Managers/Key Personnel
Mr. Hemant Shah Member
Mr. Dinesh Narwani Sales
Manager
AFFILIATED ENTITIES
Management stated there are no affiliated companies.
BANKS
HSBC
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
A reference could not be obtained in absence of an account
number and authorization.
PAYMENT HISTORY
No payment history has been developed for the Subject, seeing as
though they are not a seeker of local trade credit.
FINANCIAL INFORMATION
Mr. Narwani was uncertain of a sales projection for the
Company's first year.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees: 7
Business Activity:
The Subject is engaged in the import and wholesale trade of
diamond jewlery.
The Subject imports from India, Hong Kong, Thailand, and other
Asian countries.
The heading address is the Subject's sole location.
TRADE REFERENCES
All significant suppliers are located overseas, per our policy;
we do not contact references overseas.
PUBLIC RECORD
A search of public shows no suits, judgments or liens filed
against the subject. We have also conducted a nationwide search with bankruptcy
courts, which have revealed no record of a firm by this name filing for
bankruptcy.
GENERAL COMMENTS
FACTORY DIRECT JEWELRY, LLC is engaged in the import and
wholesale trade of diamond jewlery. The Subject is a brand new company and all
significant suppliers are located overseas. Management provided operating
details. At this time no payment history or derogatory filings have been traced
to the firm.
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%)