MIRA INFORM
REPORT
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Report Date : |
04.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JEWELAMERICA INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.03.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Marketer, manufacturer
and distributor 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 : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Jewel America Inc |
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Address in the order: |
Jewel Mont, 30-30 47th Ave 4th Floor, Long Island City, NY 11101 |
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Legal Name: |
JewelAmerica Inc |
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Legal Address |
Jewelamerica Inc. - |
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Telephone: |
(212) 220-4222 |
ID : |
2355089 |
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Fax: |
(212) 220-7227 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1981 |
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Manager: |
John Esposito, President and CEO |
Date Incorporated: |
March, 11th. 1999 |
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Staff: |
100 US (3000 worldwide) |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Marketer, manufacturer and distributor of fine jewelry |
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BANKS
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Name of the Bank |
STATE BANK OF |
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Name of the Bank |
STATE BANK OF |
BUSINESS
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HISTORY |
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The company was created in 1981 |
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PRINCIPAL ACTIVITY |
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Marketer, manufacturer and distributor of fine jewelry |
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Products/Services description: |
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The company offers gold jewelry, including earrings, necklaces, rings,
and pendants; fashion diamonds and diamond accent jewelry, such as ladies and
gents bracelets and fashion body jewelry; and gemstone rings, gemstones, and
diamonds. It distributes its products through department stores, discounters,
chain stores, wholesale clubs, television shopping channels, and catalogs. |
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Sales are: |
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Wholesale |
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Clients: |
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Some of their customers are: Belk, JCPenney, Kay Jewelers, Sears, Stage, Target, Walmart, Zales. |
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Operations area: |
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National, International |
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The company imports from |
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The company does not export |
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The subject employs 100 US (3000 worldwide) employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The Company Is Headquartered At Jewelamerica Inc. |
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Surface area: |
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Branches: |
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The company has manufacturing facilities in |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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As of September 19, 2009, JewelAmerica, Inc. operates as a subsidiary
of Dynamix Jewelry Group. |
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Management: |
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John Esposito, President and Chief Executive Officer John Peters, Vice President- Sales Deepak Nagpal, Chief Financial Officer |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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The previous agent was able to get the following data: |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
64,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of New York. There are no legal filings listed with the District Court. THE COMPANY IS NOT LISTED ON THE OFAC LIST.* For information: * The Specially Designated Nationals (SDN) List is a publication of
OFAC which lists individuals and organizations with whom ** The Uniform Commercial Code (UCC) is one of a number of uniform
acts that have been promulgated in conjunction with efforts to harmonize the
law of sales and other commercial transactions in all 50 states within the The UCC deals primarily with transactions involving personal property
(movable property), not real property (immovable property). It allows a creditor to notify other creditors about a debtor’s assets
used as collateral for a secured transaction by filing a public notice
(financing statement) with a particular filing office. The Uniform Commercial Code Bureau files and maintains on financial
obligations (including IRS liens) incurred by individuals (in business as a
sole proprietor), business entities and corporations. |
Rating
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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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Final Opinion |
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The company has 29 years of experience in
the business and employs 100 persons in the It's a big sized company. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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- John Peters' voicemail (Vice President- Sales) |
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Comments |
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We left a message in Mr. John Peters' voicemail, asking him to call us
in order to get further data and to verify the information we were given. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.67 |
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1 |
Rs.69.45 |
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Euro |
1 |
Rs.59.37 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.