MIRA
INFORM REPORT
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Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
GABRIEL BROS, INC. |
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Registered Office : |
64 West 48th
Street, Suite 700, New York, NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
21.11.1994 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Manufactures Precious Metal Jewelry, Fine Jewelry, Imitation Jewelry, Jewelry Making Tools and Supplies. Imports from Europe and Sells to Retailers in all the United States |
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 : |
No Complaints |
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Litigation : |
Clear |
Company name
GABRIEL BROS, INC.
Address
64 West 48th Street, Suite 700, New York,
NY 10036 – USA
Telephone : 212-719-3258
Fax : 212-719-0920
Website : www.gabrielny.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York State does not
issue organizational identification numbers New York State Corporation – Profit November 21st,
1994 - - Jack GABRIEL |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
Business started in 1989
by Jack GABRIEL. Moved from 2 W. 46th
Street, New York, NY to above address. GABRIEL BROS, INC. is doing business as GABRIEL & CO. The Company manufactures precious metal jewelry, fine jewelry,
imitation jewelry, jewelry making tools and supplies. Imports from Europe and sells to retailers in all the United States. 20 |
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Operations & branches: |
At above address, we find
a beautiful showroom, workshop and office, on lease, located in the heart of
the Diamond District, in Manhattan. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Jack GABRIEL is the
President and CEO. Born in 1966, graduated
from State University of New York, Stony Brook, NY in 1988. Active here since 1989. Dominic GABRIEL is Vice
President. Born in 1970. Jack GABRIEL is also the
owner of the store: GABRIEL JEWELRY 3041 Hempstead Tpke, Levittown, NY 11756 Phone: (516) 579-6471 |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
accepted to answer our questions.
However, sales estimate for
year 2007 is in the range of USD 2,200,000=
The business is profitable.
Banks
Chase Manhattan Bank
200 Jericho Quadrangle, Jericho, NY 11753
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
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MARKET
ANALYSIS & FORECAST
In the New York State,
during the year 2007:
- 52% of the corporations
in same branch were developing the business on a low risk of late payment,
- 40%, on a medium risk,
and
- 8% on a high risk of late payment.
- 92% of them saw sales
stable versus last 3 years
- 4% declining
- 4% growing.
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market
appears to be stable.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 92% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 3 to 5 days
beyond terms.
The bank and financial
institutions confirmed a regular credit history.
The risk is low.
Our opinion:
A business connection may
be conducted.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.73 |
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UK Pound |
1 |
Rs.80.57 |
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Euro |
1 |
Rs.64.29 |
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%)