MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMUELS JEWELERS, INC |
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Registered Office : |
2914 Montopolis Dr # 200, Austin, TX 78741-6412 |
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Country : |
United States |
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Date of Incorporation : |
08.20.1998 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Retailer Jewelry Stores |
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 |
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: |
SAMUELS
JEWELERS, INC. Dba Samuels Jewelers; Samuels Diamonds; Schubach |
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Address: |
2914 Montopolis
Dr # 200, Austin, TX 78741-6412, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (512) 369-1400 + 1 (512) 369-1500 2929362 Delaware Randy N Mccullough,
President |
Date founded: |
08/20/1998 Corporation for profit N.A. 35 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Retailer Jewelry Stores |
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BANKS
WORLD FINANCIAL NETWORK NATIONAL BANK
BUSINESS
Operations:
At above address, we find the corporate headquarters of Samuels Jewelers Inc.
Activity:
Samuels Jewelers Inc. is a private company headquartered in Austin,
Texas. Samuels Jewelers's line of business is retailer of jewelry stores.
The company is specialized in:
- Bridal Fashion
-Watches Designer Men's
-Mother's Rings
-Class Rings
-Giftware
Business
Overview:
The
US jewelry retail 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.
Jewelry is often
classified as bridal merchandise (engagement, bridal and anniversary rings -
about 35 percent of the market); fashion jewelry (rings, bracelets, earrings,
pins, gold chains); and watches, silver flatware, and other giftware. Diamond
jewelry and loose diamonds account for the largest share of total jewelry store
sales (46 percent); gold jewelry for 11 percent; colored gemstone jewelry
(rubies, sapphires, emeralds, etc.) 9 percent; and watches 4 percent.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Randy N Mccullough,
President.
Peter Healey, Vice President
They are also the main
shareholders
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Samuels Jewelers 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 |
2,900,000 |
There is no legal filling listed with the District Court.
There are several active UCC files in favor of banks and financial
institutions listed with the Secretary of State of Delaware.
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 |
None Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)