MIRA
INFORM REPORT
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Report Date : |
29th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SUBERI
BROTHERS LLC |
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Registered Office : |
902 Broadway, 14th Floor, New York
10010, United States |
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Country : |
United States |
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Date of Incorporation : |
18.02.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engages as a distributor of jewellery and precious stones and a manufacture of diamond jewellery. |
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 |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : SUBERI
BROTHERS, LLC
Address : 902
BROADWAY, 14TH FLOOR
City : NEW
YORK
State/Province : NEW YORK
Zip
Code :
10010
Country : UNITED
STATES
Telephone : 212 979-9100
Facsimile : 212
979-5331
Legal
Form :
Limited Liability Company
Website : no website
available
@rating
Opinion :
Business
Activity : The Company
engages as a distributor of jewelry and precious stones
and a manufacture of diamond jewelry. It targets the U.S. market.
Founded
(D/M/Y) : 18/06/1984
As
of :
31/12/2005
Sales
/ Revenue : 31,000
Net
Income :
Total
Equity :
Number
of Employees : 40
NOTE TO CLIENT
PERSON
CONTACTED:
Ms.
Nandra Singh, Controller.
LEGAL
Legal
Form :
Limited Liability Company
Since
(D/M/Y) : 18/02/2004
State/Province
of Incorporation : NEW YORK
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Entity
Name : SUBERI BROTHERS, LLC
Initial
Filing Date : FEBRUARY 18, 2004
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type : DOMESTIC LIMITED
LIABILITY COMPANY
Current
Status : ACTIVE
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Entity
Address : SUBERI BROTHERS, LLC
902 BROADWAY, 14TH FLOOR
NEW YORK, NEW YORK, 10010
Registered
Agent : ROSS MARKMAN
902 BROADWAY, 14TH FLOOR
NEW YORK, NEW YORK, 10010
Managers/Key Personnel
Mr.
Marvin Markman Chief
Executive Officer
Ms.
Nandra Singh
Controller
AFFILIATED ENTITIES
Laxmi
Diamond Group
BANKS
HSBC
BANK USA N.A.
452
5th Ave # 2
New
York, NY 10010
Telephone : 212 525-6487
Facsimile : 212 525-6902
Account
Number :
Account
Manager : Greg
The
bank listed above is the primary bank of use for the Subject.
A
request for account information has been forwarded to the bank.
However,
a signed authorization could not be obtained from management and account
details may not be available as a result.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 06-10 00-00
0000000 16900 11400 100 0
0 0 0 CUST 19 YR
OFFC SUPPL 06-11 06-10 CREDIT
7500 2200 100 0
0 0 0
PACKAGING 06-11 00-00 NET
30 500 400 100 0 0
0 0 CUST 4 YR
PETROLEUM 06-11 02-09
VARIED 0 0 0 0
0 0 0 ACCTCLOSED
AIR TRANS 05-12 00-00 NET
30 100
0 0 0 0
0 0 CUST 2 YR
CELLUL/PAG 05-01 04-11 NET 30
200 100 100 0
0 0 0 CUST 6 YR
COMMUN SVC 04-10 00-00
300 0 0
0 0 0 0
CRED CARD 06-11 00-00
REVOLVE 0 0 0
0 0 0 0 CUST 25 YR
CRED CARD 04-05 04-05 NET
30 100 0 0 0
0 0 0 CUST 23 YR
LEASING 05-01 05-01
NOTE 7400 3100 100 0 0
0 0
MANUFCTRNG 04-07 00-00
0 0 0
0 0 0 0
TELECOM 04-11 00-00 NET
30 400 200 100 0 0
0 0
TELECOM 04-07 00-00 NET
30 100 0 0 0
0 0 0
CURRENT QUARTER
24900 14000 100 0
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061100 0 3 0 15700 100 0
0 0 0
20061000 0 4 8 21000
49 51 0 0 0
20060900 0 5 0 14300 100 0
0 0 0
20060800 0 6 0 2500 100 0
0 0 0
20060700 0 6 1 4300 95
5 0 0 0
20060600 0 3
0 1900 97 3 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- --- --- ---
Third 2006 4 12600 71 29
0 0 0
Second 2006 1 2700 96 4
0 0 0
First 2006 0 1600 97 3
0 0 0
Fourth 2005 0 1100 100
0 0
0 0
Third 2005 0 1200 100 0 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Projected
Consolidated
Sales
/ Revenues 40,000 31,000 -
The
Subject reports annual sales for the fiscal year 2005 in the US $31 million
range. It projects that annual sales for the fiscal year 2006 will close in the
US $40 million range. The firm is profitable.
HISTORY
The
Subject was originally incorporated in the state of New York under the legal
name " Suberi Brothers Inc."
In February of 2004, it merged with the U.S. office of the Laxmi Diamond
Group, located in India. As a result of the merger, the Company's name was
legally changed to " Suberi Brothers, LLC" .
CURRENT OPERATIONS
NAICS
Code :
42194 Jewelry, Watch, Precious Stone
and Precious Metal
SIC
Code : 5094
Number
of Employees : 40
Business Activity
The
Company engages as a distributor of jewelry and precious stones and a
manufacture of diamond jewelry. It
targets the U.S. market.
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The
heading address is the Company headquarters and sole location and serves as an
administrative office. The property is
rented by the Company.
PUBLIC RECORD
A
search of public revealed the following:
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Name
Searched : SUBERI BROTHERS LLC
Debtor
Address : SUBERI BROTHERS, LLC
902 BROADWAY NEW YORK, NY 10010
Secured
Parties : HSBC BANK USA, NATIONAL
ASSOCIATION
Filing
Date : 12/21/2004
Filing
Number : 0412216060429
Filing
Type : INITIAL FILING
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No
additional UCC filings, or any bankruptcy petitions, legal proceedings, or tax
liens were found against the firm at this time.
GENERAL COMMENTS
Suberi
Brothers, LLC, incorporated in 2004 in the state of New York, engages as a
distributor of jewelry & precious
stones and manufacturer of diamond jewelry. A payment record appears in
excellent condition. A search of public
records failed to reveal any negative filings against the firm. The Company appears responsible for normal
business transactions.
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/normal. |
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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