MIRA INFORM REPORT

 

 

Report Date :

30.01.2008

 

IDENTIFICATION DETAILS

 

Name :

JJ CREATIONS INC

 

 

Registered Office :

4742 37TH ST  Long Is City, NY 11101-1804

 

 

Country :

United States

 

 

Date of Incorporation :

09.15.1976

 

 

Com. Reg. No.:

700518114

 

 

Legal Form :

Institutions

 

 

Line of Business :

Jewelry, Precious Metal

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow by 13 days

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

JJ CREATIONS INC
4742 37TH ST
LONG IS CITY, NY 11101-1804
(718) 392-2828

Business Identification Number:

700518114

File Established:

10/1988

Date of Incorporation:

09/15/1976

SIC code: 

JEWELRY, PRECIOUS METAL - 3911

 

Executive Summary

 

 

  Intelliscore for JJ CREATIONS INC

 

 

70.05

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM RISK
64% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF ACTIVE ACCOUNTS

NUMBER OF OTHER TRADES

NUMBER OF CURRENT ACCOUNTS



  Current DBT range compared to all industries*

13 DBT
($21,200 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 6 DBT

 

 

 

 

 

 

 

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 04/04)

1

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

4

Highest DBT previous 6 months:

13

Highest DBT previous 5 quarters:

13

Total continuous trades:

4

Current continuous trade balance:

$21,200

Trade balance of all trades (8):

$32,100

Average balance previous 5 quarters:

$24,000

Highest credit amount extended: details

$53,800

6 month balance range:

$12,600 - $54,600

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

  7 month DBT trends

 

90+

60

30

 


1

 


2

 


7

 


2

 


3

 


13

 


13

 

0

Jul07

Aug07

Sep07

Oct07

Nov07

Dec07

Current

 

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


5

 


4

 


0

 


5

 


6

 

0

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

4Q07

 

 

Performance Analysis

 

Predicted DBT for 03/26/2008: 11 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

 

 

 

 

Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

04/2004

Paid in Full

$0

 

Undisclosed

 

12/2007

CITI - STAPLE COLLECTIONS

(800) 767-1295

 

Trade Payment Information

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

=AIR TRANS

12/2007

12/2007

 

 

$53,800

$20,200

12%

88%

 

 

 

CUST 22 YR

 BLDG MATRL

01/2008

04/2005

CREDIT

 

 

$0

 

 

 

 

 

 

 COMPUTERS

01/2008

04/2002

CREDIT

 

 

$0

 

 

 

 

 

 

=FINCL SVCS

01/2008

12/2007

NET 30

 

$2,800

$1,000

100%

 

 

 

 

 

 

 

 

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

4

 

 

$56,600

$21,200

16%

84%

 

 

 

DBT: 13

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

4

 

 

$56,600

$21,200

16%

84%

 

 

 

DBT: 13

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 CELLUL/PAG

01/2005

11/2004

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

 GENERAL

02/2005

09/1998

NET 30

 

 

$0

 

 

 

 

 

CUST 15 YR

+LEASING

01/2005

01/2005

NOTE

 

$10,900

$10,900

100%

 

 

 

 

 

 MANUFCTRNG

10/2005

 

UNK

 

 

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
JEWELRY, PRECIOUS METAL INDUSTRY SIC: 3911

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

13

$21,200

 

16%

84%

 

 

 

DEC07

90%

6

13

$22,300

 

16%

84%

 

 

 

NOV07

90%

6

3

$30,900

 

83%

17%

 

 

 

OCT07

91%

6

2

$12,600

 

87%

13%

 

 

 

SEP07

89%

6

7

$54,600

 

56%

44%

 

 

 

AUG07

88%

7

2

$21,400

 

84%

16%

 

 

 

JUL07

88%

8

1

$22,100

 

94%

6%

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q4 - 07

OCT-DEC

6

$22,000

 

61%

39%

 

 

 

Q3 - 07

JUL-SEP

5

$27,100

 

66%

34%

 

 

 

Q2 - 07

APR-JUN

0

$15,400

 

97%

3%

 

 

 

Q1 - 07

JAN-MAR

4

$14,800

 

74%

26%

 

 

 

Q4 - 06

OCT-DEC

5

$40,700

 

64%

36%

 

 

 

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

JOHN THOR, OWNER

 

FRANK LEE, MIS MANAGE


Operating Information

Business Type: Institutions


Primary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Secondary SIC Code: COSTUME JEWELRY - 3961

Additional SIC Code: 3915 - 8011


Number of Employees: 100

 

RATING EXPLANATIONS

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions