MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROSY
BLUE JEWELRY INC. |
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Registered Office : |
529, 5th
Avenue, 12th & 15th Floors, New York 10017 |
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Country : |
United
States |
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Date of Incorporation : |
27.09.1983 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer
and Distributor of gold jewellery and loose 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 : ROSY BLUE
JEWELRY INC.
Address : 529 FIFTH
AVENUE, 12TH & 15TH FLOORS
City : NEW
YORK
State/Province : NEW YORK
Zip
Code :
10017
Country : UNITED
STATES
Telephone : 212 687-8838
Facsimile : 212 764-2817
Legal
Form :
Corporation - Private
Website :
www.rosyblue.com
@rating
Opinion :
Business
Activity : The Subject
imports and distributed gold jewelry and loose diamonds.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 50
NOTE TO CLIENT
The
Subject was contacted on November 27, 2006. Mr. Nirad Dalal, Controller,
confirmed all information in this report.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 27/09/1983
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Entity
Name : ROSY BLUE
JEWELRY INC.
Filing
Date :
SEPTEMBER 27, 1983
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type :
DOMESTIC BUSINESS CORPORATION
Entity
Status : ACTIVE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Ragin Mehta President
Mr. Birain Barikh Vice
President
Ms. Porus Billimoria Vice President
Mr. Nirad Dalal Controller
AFFILIATED ENTITIES
Rosy Blue NV - Antwerp, Belgium
Rosy Blue Hong Kong Ltd. - Hong Kong
Rosy Blue (India) Pvt Ltd. - Mumbai, India
Rosy Blue Sales Ltd. - Ramat Gan, Israel
Rosy Blue Ltd. - Tokyo, Japan
Rosy Blue Trading (Pty) Ltd. - Johannesburg,
South Africa
Rosy Blue FZE - Dubai, UAE
Parent Companies
Parent
Company: Inter Gold Gems Pvt. Ltd.
INDIA
BANKS
ABN
AMRO Bank N.V.
680
Fifth Avenue, 6th Floor
New
York NY 10119
Telephone : 212 649-5132
Facsimile :
212 649-5149
Account
Number :
Open Since (D/M/Y): / /1987
Account
Manager :
Mr. Ned Koppelson, VP
Average
Checking Account Balance :
MODERATE SIX FIGURES
Line
of Credit :
LOW NINE FIGURES
Amount
Outstandning :
MEDIUM EIGHT FIGURES
NSFs
or Returned Checks :
NONE
Overall
Bank Rating :
FAVORABLE
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 06-10
0000000 15100 15100 90
10 0 0 0 CUST 11 YR
BUS SERVCS 06-11 00-00 VARIED
1700 100 100 0
0 0 0
COMPUTERS 06-11 05-07
CREDIT 10000 0 0 0
0 0 0
FACTOR 06-10 04-10 NET
30 15400 0 0
0 0 0 0
OFFC SUPPL 06-08 98-02 CREDIT
0 0 0
0 0 0 0 ACCTCLOSED
PACKAGING 06-11 00-00 NET
30 700 0 0 0
0 0 0 CUST 6 YR
AIR TRANS 05-12 00-00 NET
30 100 100 100 0 0
0 0 CUST 16 YR
BUS SERVCS 06-06 06-06 NET 30
0 0 0
0 0 0 0
CELLUL/PAG 06-03 00-00 NET 30
400 0 0
0 0 0 0 CUST
1 YR
COMPUTERS 04-02 00-00 NET
30 0 0 0 0
0 0 0
LEASING 05-01 05-01 NOTE
33300 33300 100 0 0
0 0
SAFTY PROD 06-03 00-00 NET 30
0 0 0
0 0 0 0 CUST
6 YR
CURRENT QUARTER
42900 15200 90
10 0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061100 0 8 3 17200 87
9 4 0 0
20061000 0 8 4 15900 80 16 4 0 0
20060900 0 9 4 9500 87
7 6 0 0
20060800 0 9 3 17600 84
13 3 0 0
20060700 0 9 7 5100 86
1 12 0 1
20060600 0 8 6 11200 73 22 5
0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third 2006 4 14300 83 13
4 0 0
Second 2006 6 4700 83 6
11 0 0
First 2006 14 7600 61 16
20 3 0
Fourth 2005 2 1600 96 3 0 0
1
Third 2005 9 1800 83 0
15 1 1
FINANCIAL INFORMATION
Fiscal
Year End: 12/31.
Mr.
Dalal declined to provide financial statements, but stated approximate annual
sales to be USD$75 million.
As
a privately held company, the Subject is not required to file financial
statements for public review.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Number
of Employees:50
Business Activity
The
Subject imports and distributed gold jewelry and loose diamonds.
The
Company's products include rings, necklaces and bracelets for men and women.
Distribution is throughout the United States and abroad.
The
above address is the Subject's sole location.
PUBLIC RECORD
Name
Searched : ROSY BLUE JEWELRY
Debtor
Address : ROSY BLUE JEWELRY INC.
529 FIFTH AVENUE
NEW YORK, NY 10017
Secured
Parties : ANTWERPSE DIAMANTBANK N.V.
Filing
Date : 10/25/2002
Filing
Number : 02241795
Filing
Type : INITIAL FILING
We
have also conducted a nationwide search with bankruptcy courts, which have
revealed no record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
Rose
Blue Jewelery Inc. was incorporated in 1983 and is engaged as importers and
exporters of gold jewelry and loose diamonds. The Subject's payment history is
reported to be satisfactory. Management provided operating details. The
Subject's bank has reported positive feedback regarding financial transactions
with the Subject. We know the Company to be of good legal standing and are
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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