MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ZACK'S FINE
JEWELRY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09/12/1999 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of
jewelry and precious stones. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: ZACK'S
FINE JEWELRY INC
Address:
City:
State/Province:
Zip Code: 77036
Country: UNITED
STATES
Telephone: 713
271-0911
Facsimile: 713
271-0913
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 2
Legal Form: Private
Company
Website: N/A
Business Activity: The Subject is a wholesaler of jewelry
and precious stones.
NOTE TO CLIENT
We could not reach a
member of Management. We left detailed
messages via telephone for Mr. Merchant. In addition, a written request for
additional information regarding the Company was faxed. If, Mr. Merchant responds
to our inquiries at a later time, this report will be amended.
LEGAL
Legal Form: Private
Company
Since (D/M/Y): 09/12/1999
State/Province of
Incorporation: TX
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
Company
Information: ZACK'S FINE JEWELRY INC
Status: IN GOOD
STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through May 15, 2008
Registered Agent:
NAWAZ MERCHANT
Registered Agent
Resignation Date:
State of
File Number:
0156078100
Charter/COA Date:
December 9, 1999
Charter/COA Type:
Charter
Taxpayer Number:
12005038042
Managers/Key
Personnel
Mr. Nawaz
Merchant President
AFFILIATED ENTITIES
As far as could be
determined, there are no affiliates or subsidiaries.
BANKS
TX
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank could not be obtained.
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
The Company was forwarded
a fax requesting financial information.
Currently we have not received a response. Outside sources provided no
insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees:
2
Business Activity:
The Subject is a
wholesaler of jewelry and precious stones.
The heading address
is the Company's headquarters and sole location.
PUBLIC RECORD
A search of public shows
no suits, judgments or liens filed against the subject. We also conducted a
nationwide search with bankruptcy courts, which have revealed no record of a
firm by this name filing for bankruptcy.
GENERAL COMMENTS
Zack's Fine Jewelry
Inc was incorporated in 1999. The
Subject is a wholesaler of jewelry and precious stones. No payment records were
found and a search of public records and bankruptcy courts revealed no
derogatory information or record of the Company filing a bankruptcy petition.
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%)