MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
RADHE
IMPEX, INC. |
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Registered Office : |
27 West 47th Street Suite 410, New York 10036 |
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Country : |
United
States |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
23.07.1997 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged in the import and wholesale of polished 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 RADHE IMPEX,
INC.
Address : 27 West 47th
Street Suite 410
City :
NEW YORK
State/Province : NEW YORK
Zip
Code :
10036
Country : UNITED
STATES
Telephone : 212 391-9272
Facsimile : 212 391-9272
Legal
Form :
Corporation - Private
Website : No Website
@rating
Opinion :
Business
Activity : The Subject
is engaged in the import and wholesale of polished
diamonds.
As
of :
31/12/2005
Sales
/ Revenue : 5,910,132
Net
Income :
37,163
Total
Equity :
10,000
Number
of Employees : 5
NOTE TO CLIENT
Person
contacted: Mr. Upendrakumar Patel, President.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 23/07/1997
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Current
Entity Name : RADHE IMPEX,
INC.
Initial
DOS Filing Date : JULY 23,
1997
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type :
DOMESTIC BUSINESS CORPORATION
Current
Entity Status : ACTIVE
Selected
Entity Address Information DOS Process
RADHE
IMPEX, INC.
27
WEST 47TH ST #LL2L
NEW
YORK, NEW YORK, 10036
Principal
Executive Office
RADHE
IMPEX, INC.
27
WEST 47TH ST #LL2L
NEW
YORK, NEW YORK, 10036
Registered
Agent NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr.
Upendrakumar Patel
President
Ms.
Saroj Patel
Secretary
AFFILIATED ENTITIES
Shree
Akshar Purshoptan, Inc.
Shri
Hari Jewelry, Inc.
Nilkanth
International, Inc.
BANKS
JPMorgan
Chase
270
Park Avenue
New
York NY 10017-207
Telephone : 212-270-6000
Facsimile :
Account
Number :
Account
Manager :
Bank
reference authorization was not provided at this time.
PAYMENT HISTORY
The
Subject has not established a payment history at this time. Trade references
were requested, however we have not received this information as of this
writing.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2005 31/12/2004 31/12/2004
Consolidated Consolidated
Sales / Revenues
5,910,132 7,456,278 -
Gross Margin
207,251 219,253 -
Operating Income (Loss)
43,695 74,522 -
RESULTS
Net Income
37,163 72,246 -
ASSETS
Cash and Equivalents
307,740 54,011 -
Inventory
5,057,519 2,478,062 -
Other Current Assets
3,585,893 5,789,937 -
Total Current Assets
8,951,152 8,322,010 -
Total Assets
8,951,152 8,322,010 -
LIABILITIES
Trade Creditors
8,744,087 7,932,405 -
Current Bank Loans
138,065 353,708 -
Other Current Liab
59,000 25,897 -
Total Current Liab 8,941,152
8,312,010 -
Total Liabilities
8,941,152 8,312,010 -
EQUITY
Total Equity
10,000 10,000 -
FINANCIAL ANALYSIS
Actual Previous Percentage of total assets
31/12/2005 31/12/2004
31/12/2005 31/12/2004
Cash and Equivalents
307,740 54,011 3.44
0.65
Inventory 5,057,519 2,478,062
56.50 29.78
Other Current Assets
3,585,893 5,789,937 40.06
69.57
Total Current Assets
8,951,152 8,322,010 100.00
100.00
Total Assets
8,951,152 8,322,010 100.00 100.00
Total Current Liab
8,941,152 8,312,010 99.89
99.88
Total Liabilities
8,941,152 8,312,010 99.89
99.88
Total Equity
10,000 10,000 0.11
0.12
Mr.
Upendrakumar Patel, President provided balance sheet and income statement
details which appear above in actual US Dollars.
CURRENT OPERATIONS
NAICS
Code :
42194 Jewelry, Watch, Precious Stone
and Precious Metal
SIC
Code : 5094
Number
of Employees : 5
Business Activity
The
Subject is engaged in the import and wholesale of polished diamonds.
The
Company is currently increasing their distribution of jewelry and related
items.
There
are no branch locations.
PUBLIC RECORD
We
found no public record filings in the Subject's name, including bankruptcy or
other such derogatory filings.
GENERAL COMMENTS
The
Subject has been operating for nearly 10 years. No payment history has been
established for the Company, the operating record is clear. No derogatory
information was reported or noted. The Company is considered 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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