MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
JOSEPH BLANK, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1919 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Importer and
cutter of diamonds. |
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 : |
Slow but correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JOSEPH
BLANK, INC.
Address:
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
575-9050
Facsimile: 212-302-8521
Founded
(D/M/Y): / /1919
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
12
Legal Form: Corporation
- Private
Website: www.josephblank.com
Business Activity: The Company is an importer and cutter
of diamonds.
NOTE TO CLIENT
We spoke with Angela
Agosto, Front Desk, who provided all the information in this report.
LEGAL
Legal Form: Corporation -
Private
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name: JOSEPH
BLANK, INC.
Initial DOS Filing
Date: MAY 28, 1962
Jurisdiction:
Entity Type:
DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Principal Executive Office:
JOSEPH BLANK, INC.
Registered Agent
NONE
NOTE:
Managers/Key
Personnel
Mr. Douglas
Blank Chairman
& Chief Executive Officer
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The Company declined
to provide banking information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 00-00 0000000 6000
2500 100 0 0
0 0 CUST 23 YR
COMPUTERS
07-06 07-04 CREDIT 10000 0
0 0 0
0 0
FINCL SVCS 07-08 02-10 NET 30 100
0 0 0
0 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
2 YR
LEASING
07-06 00-00 CONTRCT 7300
3500 100 0 0
0 0 CUST
2 YR
MANUFCTRNG 06-10 00-00 NET 30 0
0 0 0
0 0 0
CURRENT QUARTER 16100 2500
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE CUR
DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 5 0 2500 100 0
0 0 0
20070700
0 6 0 2500 100 0
0 0 0
20070600
0 5 0 4500 100 0
0 0 0
20070500
0 5 0 3700 100 0
0 0 0
20070400
0 4 0 3700 100 0
0 0 0
20070300
0 5 0 6500 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 3600 100 0
0 0 0
First
2007 0 5600 100 0
0 0 0
Fourth
2006 0 3300 100 0
0 0 0
Third
2006 1 2600 94
6 0 0 0
Second
2006 0 2900 100 0
0 0 0
FINANCIAL INFORMATION
The Company declined
to provide financial information. Other outside sources consulted could not
provide any further insight into the financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 12
Business Activity:
The Company is an
importer and cutter of diamonds.
The heading address
is the sole location for the Company.
PUBLIC RECORD
Name Searched:
JOSEPH BLANK INC
Debtor Address:
JOSEPH BLANK INC.
Secured Parties: M.
FABRIKANT & SONS INC
Filing Date:
12/13/2005
Filing Number:
0512136088410
Filing Type: INITIAL
FILING
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Name Searched:
JOSEPH BLANK INC
Case Name: JOSEPH
BLANK, INC. AND JEWEL-QUE, INC.
v.
HYATT CORPORATION
Defendant Counsel:
JONES HIRSCH CONNORS & BULL
212-527-1000
Plaintiff Counsel:
D'AMBROSIO & D'AMBROSIO, ESQS.
15 WEST 47 STREET
Status Comment:
BIENNIAL STATEMENT
Status: ACTIVE
Type: DOMESTIC
BUSINESS
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Name Searched:
JOSEPH BLANK INC
Debtor Address:
JOSEPH BLANK, INC.
JOSEPH BLANK, INC.
Secured Parties:
REPUBLIC NATIONAL BANK OF
Filing Date:
5/19/2004
Filing Number:
0405195405660
Filing Type:
CONTINUATION
Original Filing
Number: 99221613
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject appears
to be a well established diamond cutter and importer, founded in 1919. Payment
history was satisfactory and adverse information was traced. The Company is
considered 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. |
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%)