MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHR & SIMMONS JEWELRY GROUP, LLC |
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Registered Office : |
462 7th
Ave 7th Floor (formerly at
14 West 49th Street), New York, NY 10018 |
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Country : |
United States |
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Date of Incorporation : |
13.12.2006 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Wholesales jewellery and precious stones |
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 : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
200,000 USD |
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: |
SHR & SIMMONS JEWELRY
GROUP, LLC. Dba S H R; Simmons
Jewelry Co. |
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Address:
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462 7th
Ave 7th Floor
(formerly at 14 West 49th Street) New York,
NY 10018 USA |
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Phone:
Facsimile:
ID: State:
Managers: |
+ 1 (212) 489-8944 + 1 (212) 489-9441 4259214 Delaware Marvin Rauch, Director |
Date
founded: |
Dec 13, 2006
Limited
Liability Company N.A. Employees: 50 |
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Legal
form: |
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Stock:
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Staff: |
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Business: |
Wholesales
jewellery and precious stones |
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BANKS
Bank of New York
BUSINESS
Business,
Operations:
Shr & Simmons Jewelry Group, Llc. also does business as S H R;
Simmons Jewelry Co.
Shr & Simmons Jewelry Group, Llc. is a private company, located in
New York. S H R's line of business is wholesaler of jewelry and precious
stones.
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
director of the company is:
Marvin Rauch, Director.
He
is also one of the shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Shr & Simmons Jewelry Group, Llc. 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 |
35,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims Reported
0 NSF Cheques Reported
2 UCC Filings in 2007 by Milberg factors Inc securing All Assets. Amount:NA
2 UCC Filings in 2007 by Dell Financial Services securing equipment.
Amount :NA
1 UCC Filing in 2007 by Verizon Credit Inc securing Equipment>
Amount:NA
All Previous UCC Filings have been cleared
RATING
Local credit bureau gave a correct 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 correct.
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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 |
correct Controlled Correct |
PUBLIC PAYMENTS |
See Details
Above Regular |
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%)