MIRA
INFORM REPORT
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Report Date : |
29.09.2007 |
IDENTIFICATION DETAILS
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Name : |
KASH 'N' GOLD LTD. |
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Registered Office : |
80a |
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Country : |
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Date of Incorporation : |
31/05/1983 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Wholesaler and
distributor of novelty telephones. |
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 : |
Exists |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: KASH
'N' GOLD LTD.
Trade Name(s): KNG
Address: 80A
City:
State/Province:
Zip Code: 11729
Country: UNITED
STATES
Telephone: 631-389-5642
Facsimile: 631-242-6177
In KUSD As of:
31/12/2006
Sales /
Revenue: 30,000
Net Income:
Total Equity:
Number of Employees:
22
Legal Form: Corporation
- Private
Website: www.kngamerica.com
Maj.
Shareholder: Mr. Kailask Gobindram
Business Activity: The Company is a wholesaler and distributor
of novelty telephones throughout the United
States.
NOTE TO CLIENT
Contact Person: Mr.
Charlie Flohr, VP Credit Manager Mr. Flohr provided the information in this
report.
-
Regarding the
employee number, Mr. Flohr informed us that the number of persons employed
increases slightly during periods of high volume.
-
The Company does
business as KNG
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 31/05/1983
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity Name:
KASH 'N' GOLD LTD.
Initial DOS Filing
Date: MAY 31, 1983
County:
Jurisdiction:
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity
Address Information DOS Process:
KASH 'N' GOLD LTD.
80A
Registered Agent:
NONE
Managers/Key
Personnel
Mr. Kash
Gobindram President
Mr. Raama
Kirshna Chief Financial Officer
Mr. Charlie
Flohr Vice President - Finance
OWNERS
Mr. Kailask
Gobindram %
AFFILIATED ENTITIES
There exist no
affiliates or subsidiaries.
BANKS
BANK OF
277 PARK OF
Telephone:
212-753-6100
Facsimile:
212-319-6347
Account Number:
0001043445
Account Manager: Mr.
Esphi Rekti
We have contacted the
bank which stated that it requires signed authorization from the Company
allowing the release of any account information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
COMPUTERS
07-08 01-06 CREDIT 10000 0
0 0 0
0 0
FACTOR
07-07 00-00 VARIED 0 0
0 0 0
0 0
FACTOR
07-08 00-00 NET 30 0 0
0 0 0
0 0 CUST
7 YR
FACTOR
07-08 02-11 NET 30 0 0
0 0 0
0 0 CUST
5 YR
FREIGHT
07-08 07-05 VARIED 90700 200
100 0 0 0
0 CIA
BUS SERVCS 07-02 07-01 NET 30 0
0 0 0 0 0 0
CELLUL/PAG 06-03 00-00 NET 30 0
0 0 0
0 0 0
LEASING
07-06 00-00 CONTRCT 3600
3600 100 0 0
0 0
TRANSPORTN 05-12 00-00 NET 15 0
0 0 0
0 0 0
ACCTCLOSED
CURRENT QUARTER 100700 200
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- ---
-------- --- --- --- --- ---
20070900
0 0 0 200 100 0
0 0 0
20070800
0 0 0 2300 100 0
0 0 0
20070700
0 0 0 2300 100 0
0 0 0
20070600
0 0 0 2300 100 0
0 0 0
20070500
0 0 0 2300 100 0
0 0 0
20070400
0 0 0 400 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 2300 100 0
0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 65 2300 0
0 32 68 0
Third
2006 25 3500 35
28 22 15 0
Second
2006 1 6600 93
7 0
0 0
FINANCIAL
INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 30,000 - -
Fiscal Year End:
12/31/06
Management stated
that Gross Annual Sales for 2006: USD $30 Million Management declined to
provide further financial information. Outside sources were unable to provide
insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 42162
Electrical Appliance, Television and Radio Set Who
SIC Code: 5064
NAICS Code: 42192
Toy and Hobby Goods and Supplies Wholesalers
Number of
Employees: 22
Business Activity:
The Company is a
wholesaler and distributor of novelty telephones throughout the
The Company's
product line includes: licensed telephones, personal audio electronics,
universal remotes, and licensed talking/animated clocks, lamps, photo frames,
and more.
Brands such as Fox,
Marvel, Dreamworks, Disney, Nascar, Harley-Davidson, and Jeep, contract with
the Subject to produce items relating to Film and Television. The Company holds
various licenses for the use of popular media icons like Shrek, Spiderman,
Cinderella, and Elvis Presley, for product development. The above-noted address
is the headquarters location for the Company and it is leased.
There is a branch
location in
MIRA
Tel: 951-361-9457
PUBLIC RECORD
UCC FILINGS
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
130
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548496
Filing Type:
CONTINUATION
Original Filing
Number: 91269213
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548509
Filing Type:
CONTINUATION
Original Filing
Number: 91269214
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD. D/B/A TELEMANIA
150 BROADWAY
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548511
Filing Type:
CONTINUATION
Original Filing
Number: 91269155
---
Name Searched: KASH N
GOLD LTD.
Debtor Address: KASH
N GOLD LTD. D/B/A TELEMANIA
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548523
Filing Type:
CONTINUATION
Original Filing
Number: 91269156
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N' GOLD LTD.
Secured Parties:
CENTURY BUSINESS CREDIT CORPORATION
Filing Date:
9/28/2001
Filing Number:
01186195
Filing Type: INITIAL
FILING
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132865
Filing Type:
CONTINUATION
Original Filing
Number: 91269214
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD. D/B/A TELEMANIA
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548408
Filing Type:
CONTINUATION
Original Filing
Number: 91269208
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD. D/B/A TELEMANIA
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548458
Filing Type:
CONTINUATION
Original Filing
Number: 91269209
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
Secured Parties:
MONARCH CAPITAL CORP. THE PROVIDENT BANK (ASSIGNEE)
Filing Date:
5/4/2007
Filing Number:
0705040358633
Filing Type: INITIAL
FILING
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
Secured Parties: DE
LAGE LANDEN FINANCIAL SERVICES, INC.
Filing Date:
3/13/2007
Filing Number:
0703130202083
Filing Type: INITIAL
FILING
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548460
Filing Type:
CONTINUATION
Original Filing
Number: 91269210
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548484
Filing Type:
CONTINUATION
Original Filing
Number: 91269212
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132870
Filing Type:
CONTINUATION
Original Filing
Number: 91269209
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132871
Filing Type:
CONTINUATION
Original Filing
Number: 91269208
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132863
Filing Type:
CONTINUATION
Original Filing
Number: 91269156
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
150 BROADWAY
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132864
Filing Type:
CONTINUATION
Original Filing
Number: 91269155
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
130
Secured Parties:
BANK OF
Filing Date: 7/16/2001
Filing Number:
01132866
Filing Type:
CONTINUATION
Original Filing
Number: 91269213
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132867
Filing Type:
CONTINUATION
Original Filing
Number: 91269212
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
150 BROADWAY
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548472
Filing Type:
CONTINUATION
Original Filing
Number: 91269211
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132869
Filing Type: CONTINUATION
Original Filing
Number: 91269210
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD. D/B/A TELEMANIA
130
Secured Parties:
BANK OF
Filing Date:
7/3/2006
Filing Number:
0607030548395
Filing Type: CONTINUATION
Original Filing
Number: 91269207
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132872
Filing Type:
CONTINUATION
Original Filing
Number: 91269207
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
KASH N GOLD LTD
KASH N GOLD LTD
80-A
Secured Parties:
BANK OF
Filing Date:
11/12/2003
Filing Number:
0311121841869
Filing Type:
AMENDMENT
Original Filing
Number: 89102567
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N GOLD LTD.
80-A
KASH 'N GOLD, LTD.
Secured Parties: GE
CAPITAL COMMERCIAL SERVICES, INC. OF
GROUP/COMMERCIAL
Filing Date:
11/12/2003
Filing Number:
0311125501697
Filing Type:
AMENDMENT
Original Filing
Number: 00236989
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Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N GOLD, LTD.
Secured Parties: GE
CAPITAL COMMERCIAL SERVICES, INC. OF
GROUP/COMMERCIAL
Original Filing
Number: 00236989
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N' GOLD LTD.
KASH 'N' GOLD LTD.
Secured Parties:
MONARCH CAPITAL CORP. THE PROVIDENT BANK
Filing Date:
4/29/2005
Filing Number:
0504290560222
Filing Type: INITIAL
FILING
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
'N GOLD LTD.
80-A
KASH 'N GOLD, LTD.
Secured Parties: GE
CAPITAL COMMERCIAL SERVICES, INC. OF
GROUP/COMMERCIAL
Filing Date:
7/13/2005
Filing Number:
0507135628983
Filing Type:
CONTINUATION
Original Filing
Number: 00236989
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
KASH N GOLD LTD
Secured Parties:
BANK OF
Filing Date:
6/9/2006
Filing Number:
0606090486040
Filing Type:
CONTINUATION
Original Filing
Number: 91178046
---
Name Searched: KASH
N GOLD LTD.
Debtor Address: KASH
N GOLD LTD
150 BROADWAY
Secured Parties:
BANK OF
Filing Date:
7/16/2001
Filing Number:
01132868
Filing Type:
CONTINUATION
Original Filing
Number: 91269211
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PENDING LITIGATION
Name Searched: KASH
N GOLD LTD.
Case Name: OLD
DOMINION FREIGHT LINE , INC.
v.
KASH 'N' GOLD LTD.
Filing Date:
10/06/2004
Defendant Counsel:
CHARLES A. SINGER, ESQ.
(631) 454-8600
Plaintiff Counsel:
GOLDMAN, HOROWITZ & CHERNO
P.O.
(516) 742-5505
Status: RESTORED
(REOPENED)
---
Name Searched: KASH
N GOLD LTD.
Case Name: STRATUS
SERVICES GROUP, INC.
v.
KASH 'N GOLD, LTD.
Filing Date:
04/28/2006
Defendant Counsel: CHARLES
A. SINGER, ESQ.
(631) 454-8600
Plaintiff Counsel:
HOWARD BERNSTEIN, ESQ.
(718) 727-4555
Status: ACTIVE
---
Name Searched: KASH
N GOLD LTD.
Defendant Counsel:
UNKNOWN
Defendant: AMB CORP
AUDIO PHOTO
INTERNATIONAL INC
EMUNAH INC
EURO
FLAMENGO ON 7TH
KASH N GOLD LTD
MULTIBRAND CAMERA
& ELECTRIC
ROMANO PHOTO
ELECTRONICS INC
SAM HILL ENTERPRISES
INC
THEATRE ELECTRONICS
INC
Z1BA CORPORATION
42ND STREET PHOTO
57TH STREET AUDIO
& VIDEO
Plaintiff Counsel:
UNKNOWN
Plaintiff: CERULLO
ALFRED C III
CITY OF
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Name Searched: KASH
N GOLD LTD.
Civil Summons:
STRATUS SERVICES
GROUP INC v. KASH N GOLD LTD
Defendant: KASH N
GOLD LTD
Tax ID: 000000000
Docket Number:
20050026241
Filing Date:
4/28/2006
Plaintiff: STRATUS
SERVICES GROUP INC
Type: CIVIL SUMMONS
Name Searched: KASH
N GOLD LTD.
Defendant: KASH N
GOLD LTD
Plaintiff: BANQUE
NATIONALE DE
---
Name Searched: KASH
N GOLD LTD.
Defendant Counsel:
UNKNOWN
Defendant: KASH N
GOLD
KASH N GOLD LIMITED
Plaintiff Counsel:
MICHAEL J. DEUTSCH
823 UNITED
212 697-6330
Plaintiff: A CAPITAL
CITIES/ABC INC CO
FAIRCHILD
PUBLICATIONS
--------------------------------------------------------------------------------
TAX WARRANTS
FILING INFORMATION
Filing Number: E004927087W0014
Filing Type: STATE TAX WARRANT
Action Type: STATE TAX WARRANT
Filing Office:
Filing Date: 07/23/2007
DEBTOR INFORMATION
Debtor: KASH N GOLD
LTD
Debtor Type: BUSINESS
Debtor Amount: $267.00
CREDITOR INFORMATION
Creditor: STATE OF
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A nationwide search
of bankruptcy courts revealed no bankruptcy filings under the Subject's name.
GENERAL COMMENTS
The Company is a manufacturer
and wholesaler of novelty gifts, and has been conducting business for over 20
years. The payment history is satisfactory. Currently, there is a tax warrant
from the state filed under the Subject's name, and several civil suit filings.
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. |
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%)