MIRA
INFORM REPORT
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Report Date : |
16.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
GORDON JEWELRY
CORPORATION |
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Registered Office : |
901 West, |
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Country : |
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Date of Incorporation : |
08/11/1957 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Engaged as a
jewelry retailer. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: GORDON
JEWELRY CORPORATION
Trade Name(s): Gordon's
Jeweler
Address: 901
WEST
City:
State/Province:
Zip Code: 75038
Country: UNITED
STATES
Telephone: 972
580-4243
Facsimile: 972
580-5523
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.gordonsjewelers..com
Business Activity: The company is engaged as a jewelry
retailer.
NOTE TO CLIENT
PERSON CONTACTED:
MS. MELANIE who declined to provide a name and title.
---
NOTE TO CLIENT
REGARDING NAME AND ADDRESS PROVIDED: GARDEN'S FINE JEWELERY
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 08/11/1957
State/Province of
Incorporation: DE
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
File Number: 0517717
Incorporation
Date/Formation Date: 11/08/1957 (mm/dd/yyyy)
Entity Name: GORDON
JEWELRY CORPORATION
Entity Kind:
CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DE
REGISTERED AGENT INFORMATION
Name: THE
PRENTICE-HALL CORPORATION SYSTEM, INC.
Address:
City:
County: NEW CASTLE
State: DE
Postal Code: 19808
Phone: (302)636-5400
--
The
COMPANY INFORMATION
Name: GORDON
JEWELRY CORPORATION
Address: 901
W WALNUT HILL M/S 6B-12
FILING INFORMATION
Filing Number:
1891006
Filing Date:
06/04/1958
State of
Duration: PERPETUAL
Status: IN EXISTENCE
Corporation Type:
PROFIT
Business Type:
FOREIGN FOR-PROFIT CORPORATION
State Tax ID:
17412356614
Where Filed:
SECRETARY OF STATE
REGISTERED AGENT INFORMATION
Name: PRENTICE-HALL
CORPORATION SYSTEM
Address:
Managers/Key
Personnel
Mrs. Mary Elizabeth
Burton President
Mr. Rodney
Carter Chief Financial Officer
Ms. Mary Ann
Doran Personnel Manager
AFFILIATED ENTITIES
The following
companies are subsidiaries of Zale Corporation (1):
Zale Delaware, Inc.
(1)
Zale International,
Inc. (1)
The following are
other subsidiaries of Zale Delaware, Inc.:
Zale Puerto Rico,
Inc. (2)
Dobbins Jewelers,
Inc. (3)
Zale Life Insurance
Company (4)
Zale Indemnity
Company (5)
Jewel Re-Insurance
Ltd. (6)
Zale Employees Child
Care Association, Inc. (5)
ZAP, Inc. (1)
TXDC, LP (ZCGO, LLC
Limited Partner) (5)
ZCGO, LLC (9)
The following
companies are subsidiaries of Zale International, Inc.:
Zale
FINCO Holding, LP
(Zale Canada Holding LP, Limited Partner) (7)
FINCO Partnership,
LP (FINCO Holding LP, Limited Partner) (7)
The following
company is a subsidiary of FINCO Holding, LP:
Zale Canada Co. (8)
The following
company is a subsidiary of Zale Canada Co.:
Zale
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Parent Companies
Parent Company: Zale Delaware, Inc.
Ultimate
Parent: Zale Corporation
The ultimate parent
company; Zale Corporation is a public company with the stock trading on the New
York Stock Exchange under the symbol " ZLC".
Recent Closing Price
$ 24.22
52 Week High/Low:
$ 31.7199/19.85
Shares
Outstanding:
49,059,000
Market Value: $ 1,188,208,980
----
The fiscal year end
July 30, 2007
The latest annual
figures are dated July 30, 2007, expressed in thousands of US$:
Net Sales: 2,437,075
Net Income: 59,252
Total Current
Assets: 1,172,318
Total Assets: 1,613,946
Total Current
Liabilities: 374,458
Total
Liabilities: 711,373
Total Stockholder's
Investment: 902,573
There are no
subsidiary companies.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
We were unable to
obtain any bank information.
PAYMENT HISTORY
A payment record
could not be developed for Gordon Jewelry Corporation. It appears that the
ultimate parent Zale Corporation provides procurement services for its subsidiaries.
The following
payment history is for the ultimate parent company ZALE CORPORATION.
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-09 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
ADVERTISNG 07-09 07-08 0000000 0 0
0 0 0
0 0 CUST
3 YR
BUREAU
07-09 07-09 VARIED 97300 16700
0 100 0 0
0 CUST 3 YR
BUS SERVCS 07-06 00-00 NET 7 134900
200 0 0
0 0 100
CHEMICALS
07-09 00-00 NET 30 100 100
0 50 50
0 0
CHEMICALS
07-09 00-00 NET 30 100 100
0 0 100 0
0
CHEMICALS
07-09 00-00 NET 30 500 0
0 0 0
0 0
CHEMICALS
07-09 00-00 NET 30 100 100
0 100 0 0 0
CHEMICALS
07-07 00-00 NET 30 100 100
0 100 0 0 0
CHEMICALS
07-09 00-00 NET 30 100 100
0 50 50
0 0
CHEMICALS
07-07 00-00 NET 30 100 100
0 100 0 0 0
CHEMICALS
07-06 00-00 NET 30 100 0
0 0 0
0 0
CHEMICALS
07-09 00-00 NET 30 100 100
0 50 50
0 0
ELEC SUPLR 07-09 00-00 NET30 5700
1000 0 0
0 100 0
FACTOR
07-09 04-04 NET 30 0 0
0 0 0
0 0
FACTOR
07-09 05-09 NET 30 38900 0
0 0 0
0 0
FACTOR
07-09 00-00 NET 30 100 0
0 0 0
0 0 CUST
1 YR
FINCL SVCS 07-10 02-03 NET 30 300
0 0 0 0 0 0
FINCL SVCS 07-09 07-08 VARIED 51800
48300 82 4
0 0 14
CUST 7 YR
FREIGHT
07-06 00-00 VARIED 200 0
0 0 0
0 0
HEATNG& A/C 07-09 00-00 NET 30 493100
95900 0 0
0 100 0
MACHINERY
07-08 07-08 NET 30 0 0
0 0 0
0 0
MED SUPPLY 07-07 00-00 VARIED 2000
0 0 0
0 0 0
NEWSPAPERS 07-08 07-01 NET 30 2000
0 0 0
0 0 0
NEWSPAPERS 07-09 05-11 VARIED 4300
0 0 0
0 0 0
OFFC SUPPL 07-06 07-06 NET 100000
150300 56 38
5 1 0
CUST 1 YR
PERSNLSVCS 07-09 05-11 ROI 31800
0 0 0
0 0 0
PLUMBING
07-08 01-08 NET30 0 0
0 0 0
0 0 CUST 11 YR
PLUMBING
07-09 01-08 NET30 0 0
0 0 0
0 0
PRNTG& PUBL 07-09 00-00 VARIED 0
0 0 0
0 0 0
RESTR SUPL 07-08 00-00 NET 30 1500
1500 0 100 0
0 0 CUST
5 YR
SAFTY PROD 07-09 00-00 NET 30 0
0 0 0
0 0 0
TELECOM
07-09 00-00 NET 30 100 100
100 0 0 0 0
TEXTILES
07-09 07-08 COD 300 0
0 0 0
0 0 CUST
3 YR
TRNS EQUIP 07-09 00-00 NET 30 92600
18300 87 1
1 0 11
CUST 5 YR
TRUCK DLR
07-09 00-00 CONTRCT 52900
52900 86 14
0 0 0
UTILITY
07-09 00-00 VARIED 300 300
100 0 0 0 0
UTILITY
07-09 00-00 VARIED 800 800
100 0 0 0 0
UTILITY
07-08 07-05 NET 200 100
100 0 0 0 0
PROMPT
UTILITY
07-09 00-00 VARIED 1900 1900
20 32 0
48 0
UTILITY
07-07 00-00 NET 15 14900 14900
60 15 6
4 15
WAREHOUSE
07-09 05-07 VARIED 0 0
0 0 0
0 0 PROMPT
AIR TRANS
07-05 00-00 0000000 31500
200 100 0 0
0 0 CUST
2 YR
AIR TRANS
06-11 00-00 NET 30 67000 67000
69 20 6
0 5 COLLECTION
CHEMICALS
05-07 00-00 NET 30 0 0
0 0 0
0 0
CHEMICALS
07-01 00-00 NET 30 200 100
0 0 100 0
0
CHEMICALS
06-05 00-00 NET 30 600 100
0 100 0 0 0
CHEMICALS
05-07 00-00 NET 30 200 0
0 0 0
0 0
COMPUTERS
05-05 00-00 CREDIT 0 0
0 0 0
0 0 CUST 37 YR
COMPUTERS
06-06 03-07 0000000 0
0 0 0
0 0 0
DISTRIBUTR 05-10 05-08 VARIED 5200
5200 83 0
17 0 0
DP EQUIP
05-01 00-00 NET 30 0 0
0 0 0
0 0
ELEC DISTR 04-12 00-00 NET 30 0
0 0 0
0 0 0
ELEC SUPLR 05-04 00-00 VARIED 25400
22500 68 26 5 0 1
FACTOR
06-11 03-11 NET 30 0 0
0 0 0
0 0
FACTOR
05-01 00-10 NET 30 0 0
0 0 0
0 0 CUST
5 YR
FACTOR
05-05 05-05 VARIED 11000 3900
100 0 0
0 0
FACTOR
06-05 00-00 NET 30 0 0
0 0 0
0 0
FACTOR
05-01 04-02 NET 60 0 0
0 0 0
0 0
FREIGHT
07-05 06-11 VARIED 82000 300
100 0 0 0 0
GENERAL
05-08 00-00 NET 30 11100 4400
100 0 0 0 0
GENERAL
05-02 98-11 NET 30 0 0
0 0 0
0 0 CUST 15 YR
GIFTWARE
07-03 06-01 NET 30 0 0
0 0 0
0 0 CUST
2 YR
GIFTWARE
05-09 05-05 NET 30 2000 200
100 0 0 0 0
GIFTWARE
06-01 00-00 NET 30 0 0
0 0 0
0 0 CUST 17 YR
GIFTWARE
05-01 00-00 CONTRCT 1200
1200 100 0 0
0 0
HARDWARE
05-08 05-06 VARIED 1300 100
0 0 100 0
0
HOUSEWARES 06-04 04-12 VARIED 300
0 0 0
0 0 0
LEASING
06-08 00-00 NET 30 100 100
100 0 0 0
0 CUST 1 YR
LEASING
07-08 00-00 CONTRCT 49400
0 0 0
0 0 0
MANUFCTRNG 06-10 00-00 NET 30 300
0 0 0
0 0 0
MANUFCTRNG 05-04 03-07 NET 30 0
0 0 0 0 0
0 CUST 3 YR
MISC MANUF 06-09 06-08 VARIED 16900
0 0 0
0 0 0
MOTR TRANS 05-12 05-11 VARIED 22000
1800 0 100 0
0 0
OFFC EQUIP 06-06 06-06 NET 30 63100
200 18 36
4 0 42
CUST 2 YR
PACKAGING
07-04 00-00 NET 30 1400 1200
51 49 0
0 0 CUST
1 YR
PETROLEUM
04-10 00-00 VARIED 500 500
98 2 0
0 0
PETROLEUM
07-03 07-02 VARIED 1900 800
54 46 0
0 0 CUST 10 YR
PLUMBING
05-11 00-00 NET30 0 0
0 0 0
0 0 CUST
8 YR
PRNTG& PUBL 07-05 00-00 VARIED 200
0 0 0
0 0 0
PROP MGMT
06-10 00-00 NET 30 6600 3200
100 0 0 0 0
TEMP HELP
05-07 00-00 VARIED 0 0
0 0 0
0 0 CUST
7 YR
TELECOM
07-01 00-00 NET 30 600 500
0 23 23
23 31 DISPUTE
TELECOM
06-05 00-00 NET 30 100 0
0 0 0
0 0 CUST 14 YR
TELECOM
07-05 07-05 NET 30 10800 100
94 0 6
0 0 PAYS-SLOW
UTILITY
07-05 07-05 NET 15 8700 8700
96 4 0
0 0 SATSFTRY
CURRENT QUARTER 1130800 403500
48 22 2
25 3
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070900
0 8 20 435400 32
39 27 1 1
20070800
0 6 22 436000
59 18 4
8 11
20070700
0 6 19 437700 60
19 9 1 11
20070600
0 6 19 326500 59
23 2 6 10
20070500
0 6 19 260400 64
16 7 1 12
20070400
0 6 11 764000 48
46 1 5 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third
2007 23 424100 46
27 11 11 5
Second
2007 19 340000 62
19 6 2 11
First
2007 10 508000 58
34 4 4 0
Fourth
2006 5 202200 76
22 1 1 0
Third
2006 8 127300 70
22 5 2 1
FINANCIAL
INFORMATION
Outside sources
failed to give any insight on the financial condition of the company.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Business Activity:
The company is
engaged as a jewelry retailer.
Their product line
include diamonds, gold jewelry, diamond fashioned rings, semi-precious stones, gold
chains and watches. Sales are to the general public in the area.
The heading address
is the headquarters for the Subject and the parent company. There are retail
stores located throughout the
PUBLIC RECORD
A nationwide search
of public revealed no Uniform Commercial Codes, legal actions. A search of the
bankruptcy courts revealed no record of the Subject company filing for
bankruptcy.
GENERAL COMMENTS
GORDON JEWELRY
CORPORATION DBA: GORDON'S JEWELER incorporated in 1958, engaged as a jewelry
retailer. The payment record could not be developed under the Subject's name,
however it is believed that the ultimate parent Zale Corporation provides
procurement and accounts payable services for its subsidiaries. No derogatory information was found against the
Firm.
RATING EXPLANATIONS
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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%)