MIRA
INFORM REPORT
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Report Date : |
28.08.2007 |
IDENTIFICATION DETAILS
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Name : |
GALAXY USA INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23/10/1985 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer and wholesaler of diamonds. |
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: GALAXY USA INC.
Address:
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212 391-4492
Facsimile: 212 768-7998
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 7
Legal Form: Corporation - Private
Website: None available
Business Activity: The
subject is an importer and wholesaler of diamonds.
NOTE TO CLIENT
Person Contacted: Mr.Kushal Sacheti- President of Galaxy USA Inc.
Mr. Sacheti verified some information contained within this report. He
declined to provide financial information.
LEGAL
Legal Form: Corporation
– Private
Since (D/M/Y): 23/10/1985
State/Province of Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The subject incorporated in the state of
Current Entity Name: GALAXY USA INC.
Initial DOS Filing Date: OCTOBER
23, 1985
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
GALAXY USA INC.
# 707
Executive Office GALAXY USA INC.
# 707
Managers/Key
Personnel
Mr. Kushal Sacheti
President
AFFILIATED ENTITIES
Management stated that the subject has no subsidiaries.
Other Affiliates
Key Items, INC.
BANKS
AK
Telephone: 212 973-6554
Facsimile:
Account Number: 45124914
Account Manager:
Management declined to provide the name of the primary bank or account
number. VALLEY NATIONAL BANK, MERCHANTS BANK DIVISION was mentioned as a
secured party for financing.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 07-06 0000000 3700 1400
100 0 0 0
0 CUST 21 YR
OFFC SUPPL 07-06 07-05 CREDIT 6000
200 100 0 0
0 0
PACKAGING
07-08 00-00 NET 30 0 0
0 0 0
0 0 CUST
6 YR
TELECOM
07-07 00-00 NET 30 400 200
100 0 0 0 0
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
BUS SERVCS 07-02 07-02 NET 30 0
0 0 0
0 0 0
GENERAL
05-02 04-09 NET 30 100 0
0 0 0
0 0 CUST 12 YR
CURRENT QUARTER 10100 1800
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070800
0 5 0 1800 100 0
0 0 0
20070700
0 6 0 1800 100 0
0 0 0
20070600
0 5 0 1600 100 0
0 0 0
20070500
0 5 0
2100 100 0
0 0 0
20070400
0 4 0 2100 100 0
0 0 0
20070300
0 5 0 3400 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 1800 100 0
0 0 0
First
2007 0 3000 100 0
0 0 0
Fourth
2006 0 3100 100 0
0 0 0
Third
2006 0 2700 99
1 0 0 0
Second
2006 0 2400 100 0
0 0 0
FINANCIAL INFORMATION
Management declined to provide financial information and outside sources
provided no insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees:
7
Business Activity:
The subject is an importer and wholesaler of diamonds.
The subject distributes its diamonds to retailers and customers
throughout the world. The corporation also imports diamonds from various
countries around the world.
The address listed above is the sole location of this subject. The
location contains a 1,500 square foot facility, which is owned by the subject.
PUBLIC RECORD
Name Searched: GALAXY
Debtor Address: GALAXY USA INC
Secured Parties: JPMORGAN CHASE BANK
Filing Date: 11/29/2001
Filing Number: 01233806
Filing Type: INITIAL
FILING
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Name Searched: GALAXY
Debtor Address: GALAXY USA, INC.
Secured Parties: VALLEY NATIONAL BANK, MERCHANTS BANK DIVISION
Filing Date: 9/13/2004
Filing Number: 0409135765341
Filing Type: INITIAL FILING
A search of public revealed no Uniform Commercial Codes, tax liens, or
bankruptcy petitions in the Subject's name.
GENERAL COMMENTS
The subject incorporated in
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%)