MIRA INFORM REPORT

 

 

Report Date :

09.10.2007

 

IDENTIFICATION DETAILS

 

Name :

KEY ITEMS INC

 

 

Registered Office :

62 W 47th St Ste 709, New York, NY 10036-3201

 

 

Country :

United States

 

 

Date of Incorporation :

11/20/1996

 

 

Legal Form :

Institutions

 

 

Line of Business :

Miscellaneous Retail Stores

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

KEY ITEMS INC
62 W 47TH ST STE 709
NEW YORK, NY 10036-3201
(212) 391-6919

Business Identification Number:

707895323

File Established:

12/1995

Date of Incorporation:

11/20/1996

SIC code: 

MISCELLANEOUS RETAIL STORES - 5900

 

Executive Summary

 

 

  Intelliscore for KEY ITEMS INC

 

 

30.68

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


HIGH RISK
18% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

PRESENCE OF AN INCONSISTENT PAYMENT TREND

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

BALANCES ON DELINQUENT OR DEROGATORY ACCOUNTS



  Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

105

Highest DBT previous 5 quarters:

105

Total continuous trades:

1

Current continuous trade balance:

$300

Trade balance of all trades (4):

$300

Average balance previous 5 quarters:

$140

Highest credit amount extended: details

$400

6 month balance range:

$0 - $0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Payment Information

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

-AIR TRANS

07/2007

06/2007

 

 

$400

$300

 

 

 

 

100%

CUST 11 YR

 

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

1

 

 

$400

$300

 

 

 

 

100%

DBT: 105

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

1

 

 

$400

$300

 

 

 

 

100%

DBT: 105

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 AIR TRANS

11/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

 BUS SERVCS

02/2007

02/2007

NET 30

 

 

$0

 

 

 

 

 

 

 GENERAL

02/2005

07/1998

NET 30

 

 

$0

 

 

 

 

 

CUST 8 YR

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

105

$300

 

 

 

 

 

100%

Q2 - 07

APR-JUN

0

$0

 

 

 

 

 

 

Q1 - 07

JAN-MAR

0

$0

 

 

 

 

 

 

Q4 - 06

OCT-DEC

0

$0

 

 

 

 

 

 

Q3 - 06

JUL-SEP

47

$400

 

32%

 

14%

54%

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF NEW YORK

State of Origin: NY

Date of Incorporation: 11/20/1996


Business Type: Institutions - Non-Profit

Charter Number: 2086014


Agent: THE CORPORATION

Agent Address: 62 W 47TH ST STE 709 NEW YORK, NY

 

Back to top

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

MITCH JAIN, VICE PRESI

 

KUSHAL SACHETI, PRESIDENT

 

KUSHAL SACHEDI, OWNER


Operating Information

Business Type: Institutions


Primary SIC Code: MISCELLANEOUS RETAIL STORES - 5900

Secondary SIC Code: COSTUME JEWELRY - 3961


Number of Employees: 1


 

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%)

 

 

 

 

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