MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KEY ITEMS INC. |
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Registered Office : |
62 West 47th Street
Suite 709 New York, NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
13.07.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures Costume
Jewellery |
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 : |
Regular |
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Litigation : |
Clear |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
KEY ITEMS INC. |
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Address: |
62 West 47th
Street Suite 709 New York,
NY 10036 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 391-6919 + 1 (212) 768-7998 P990000062234
Florida Kushal Sacheti, President |
Date founded:
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July 13, 1999
Corporation for Profit N.A. 3 employees |
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Legal form: |
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Value: |
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Staff: |
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Business: |
Manufactures Costume Jewellery |
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BANKS
Bank of America
BUSINESS
The company
declined to provide any information, we obtained the information only through
the third parties.
Operations, Business & History:
Key Items, Inc is a private company located in New York. Key Items,
Inc's line of business is manufacturing costume jewelry.
The company is working on the US market.
Industry Overview:
The US jewelry industry generates annual revenues of about $25 billion
from 30,000 specialty stores. Large companies include Zale, Tiffany, and Sterling
Jewelers. The industry is fragmented: the top 50 jewelry chains hold less than
half of the market. Jewelry sales depend partly on consumer income.
Small jewelers can effectively compete with large chains because price
isn't the main factor determining sales. Profitability depends on merchandising
and effective marketing. Average industry revenue per worker is about $160,000.
Jewelry is also sold in department and discount stores, and by mass merchants.
Because regular gross margins are very high, often 50 percent, mass
merchants have been able to cut prices and take market share. Wal-Mart is the
largest jewelry retailer in the US.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Kushal Sacheti, President.
Mertz Alan, Director.
They are also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Key Items, Inc does not publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
140,000 |
LEGALS
1 Suit in 2005 by Gerald
Fried Packaging. Reason NA Amount: $6,184
0 Judgments
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a low credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is low.
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Payments are made on a regular basis.
Our final opinion:
This is a small company working in the US.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Low Controlled Low |
PUBLIC PAYMENTS |
See above Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
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%)