MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEWEL AMERICA INC. |
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Registered Office : |
30-30 47th Avenue, Suite 4R, Long Island City, NY 10001 |
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Country : |
United States |
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Date of Incorporation : |
11.03.1999 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Manufacturers and Distributors of Fine Jewelry |
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 : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
JEWEL AMERICA INC.
Company acronym: --
Contact Information
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Address |
30-30 47th Avenue, Suite 4R, Long Island City, NY 10001 USA |
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Telephone |
212-220-4222 |
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Fax |
212-220-7227 |
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Website |
jewelamerica.com |
Registration Data
|
Date of Registration |
March 11, 1999 |
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Registration number |
New York State does not issue organizational ID number |
|
Legal address |
30-30 47th Avenue, Suite 4R, Long Island City, NY 10001 USA |
|
Legal Form |
Corporation - Profit |
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Other Registration Data |
On July 18th 2007, headquarters moved from 119 West 40th Street New
York, NY 10018 to above location. |
Shareholders
with Shares
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Shareholder Names |
Share% |
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This is a family owned and managed company |
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Board/Executive
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Name |
Zvi WERTHEIMER |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
JewelAmerica is one of the premier manufacturers and distributors of fine
Jewelry in the United States. The company operates six divisions each focused
on a unique product category customized for each customer.
Each Subsidiary/division is well known having been established many
years ago with Jewelmont and Astoria over 60 years old, Oro Dall Italia over 20
years old, Jana Designs and Baith 15 years. The John Lennon collection was
newly established in 2002.
The company concentrates it sales efforts
with most major retailers in the US.
Including: Department Stores, Major Discounters, Chain Stores, Wholesale
Clubs,TV Shopping Channels and Catalogs. The company maintains offices in
Arezzo, Italy, Chicago, Minneapolis and The Dominican Republic.
Staff
|
Number of staff employed |
850 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
Facilities
|
Owned |
Store, warehouse and office |
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Premises Size |
40,000 sq. feet |
Subsidiaries
and Participation
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Subsidiaries |
- Jewelamerica Dominican, Inc. - Jewelamerica India, Inc. - Jewelamerica Italy, Inc. |
Branches
|
Address |
The Company maintains several stores in the New York State |
At the address given on your request: 114 West 41st Street,
New York, NY 10018, we find a branch under the name ORO DALL ITALIA.
Bankers
|
Bank |
Sovereign Bank |
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Address |
New York, NY |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Estimate |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
64,000,000= |
Reporter Comments
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Comments |
The market is difficult due to crisis. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 88% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10
days beyond terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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%)