MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
RAINBOW RATAN CO. INC. |
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Registered Office : |
48
West, 48th Street, Suite 603, New York, 10036 |
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Country
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United
States |
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Date of Incorporation : |
10/12/1986 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as a wholesaler of precious metals, stones, and jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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: RAINBOW
RATAN CO. INC.
Address: 48
WEST 48TH STREET SUITE 603
City: NEW
YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
719-9861
Facsimile: 212
719-9593
Legal Form: Corporation
- Private
Website: www.rainbow-ratan.com
As of:
Sales / Revenue:
Net Income:
Total Equity:
Business Activity: The Firm
is engaged as a wholesaler of precious metals,
stones,
and jewelry.
NOTE TO CLIENT
Person Contacted: clerk, name declined
The clerk confirmed the address of the
Firm, but would not answer any more questions, saying that management was
overseas on business with an expected return date of May 1, 2006. A written inquiry was sent and if it is
returned, any new information will be forwarded immediately.
LEGAL
Legal Form: Corporation - Private
Since (D/M/Y): 10/12/1986
State/Province of Incorporation: NY
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an
annual financial report.
Selected Entity Name: RAINBOW RATAN CO.,
INC.
Selected Entity Status Information
Current Entity Name: RAINBOW RATAN CO.,
INC.
Initial DOS Filing Date: DECEMBER 10, 1986
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS
Process (Address to which DOS will mail process if accepted on behalf of the entity)
SLATUS & SCHWARTZ ESQS.
50 EAST 42ND ST
SUITE 2401
NEW YORK, NEW YORK, 10017
Managers/Key Personnel
Mr. Madan Soni President
AFFILIATED ENTITIES
There are no known affiliates, divisions,
or subsidiaries.
PAYMENT HISTORY
The
Firm is not a major seeker of local trade credit as no payment record could be
developed.
FINANCIAL INFORMATION
A written inquiry was sent and if it is
returned, any new information will be immediately forwarded.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code: 5094
Business
Activity:
The
Firm is engaged as a wholesaler of precious metals, stones, and jewelry. The
above address is believed to be the headquarters and sole location of the Firm.
PUBLIC RECORD
Name Searched: RAINBOW RATAN
Debtors: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET
NEW YORK, NY 10036
Filing Date: 06/22/2000
Filing Number: 00PN31127
Filing Type: INITIAL FILING
Original Filing Number: 00PN31127
Secured Party: MERRILL LYNCH BUSINESS FINANCIAL
SERVICES INC.
222 NORTH LASALLE STREET
CHICAGO, IL 60601
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Name Searched: RAINBOW RATAN
Debtor Address: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET, SUITE 603
NEW YORK, NY 10036
RAINBOW RATAN CO., INC.
48 WEST 48TH STREET, SUITE 603
NEW YORK, NY 10036
Secured Parties: MERRILL LYNCH BUSINESS FINANCIAL
SERVICES INC. MERRILL LYNCH
BUSINE
Filing Date: 12/22/2004
Filing Number: 0412226063136
Filing Type: CONTINUATION
Original Filing Number: 00121598
--------------------------------------------------------------------------------
Name Searched: RAINBOW RATAN
Debtor Address: RAINBOW RATAN CO., INC.
48 WEST 48TH ST., #603
NEW YORK, NY 10036
Secured Parties: FLEET BANK, N.A.
Filing Date: 12/10/1999
Filing Number: 99247752
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: RAINBOW RATAN
Debtor Address: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET, SUITE 603
NEW YORK, NY 10036
Secured Parties: MERRILL LYNCH BUSINESS FINANCIAL
SERVICES INC.
Filing Date: 6/20/2000
Filing Number: 00121598
Filing Type: INITIAL FILING
--------------------------------------------------------------------------------
Name Searched: RAINBOW RATAN
Debtors: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET
NEW YORK, NY 10036
Filing Date: 03/06/2001
Filing Number: 01PN10436
Filing Type: INITIAL FILING
Original Filing Number: 01PN10436
Secured Party: FLEET NATIONAL BANK
1025 MAIN STREET
WALTHAM, MA 02451
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Name Searched: RAINBOW RATAN
Debtors: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET
NEW YORK, NY 10036
Filing Date: 12/16/1999
Filing Number: 99PN67330
Filing Type: INITIAL FILING
Original Filing Number: 99PN67330
Secured Party: FLEET BANK, N.A.
5 WHITTIER STREET
FRAMINGHAM, MA 01701
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Name Searched: RAINBOW RATAN
Debtor Address: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET
NEW YORK, NY 10036
Secured Parties: EUROPEAN AMERICAN BANK LEGAL
DIVISION
Filing Date: 3/2/2000
Filing Number: 00042674
Filing Type: CONTINUATION
Original Filing Number: 95111204
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Name Searched: RAINBOW RATAN
Debtor Address: RAINBOW RATAN CO., INC.
48 WEST 48TH STREET #603
NEW YORK, NY 10036
Secured Parties: FLEET NATIONAL BANK
Filing Date: 2/27/2001
Filing Number: 01039800
Filing Type: INITIAL FILING
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There was no record of bankruptcies, tax liens, or
judicial actions involvingthe Firm.
GENERAL COMMENTS
Incorporated
in New York in 1986, the Firm is engaged as a wholesaler of jewelery and
precious stones. Management was
unavailable for an informative interview and outside sources could not add any
insight into the condition of the Firm.
No payment record could be developed and no derogatory information was
reported or noted. The Firm is
considered responsible for normal business transactions.
AS PER WEBSITE DETAIL
ABOUT COMPANY
Rainbow Ratan has been the leading source for medium to better quality Diamonds, Precious, and Semi-Precious stones for over 20 years. We always have a large selection of stones in stock. We have offices in India, Europe, and throughout Asia.
Rainbow Ratan strives to be the best source for your jewelry needs through honesty, dedication, and customer service. We always try our best to please our customers. We work closely with many of the worlds top jewelry designers, and we also do custom orders.
We carry a wide variety of stones including, but not limited to: Diamonds (white, black, and champagne), Rubies, Emeralds, Sapphires (of all colors), Spessartite, Tanzanite, Tsavorite, Kunzite, Andalusite, Natural Alexandrite, Tourmaline, Iolite, Peridot, Citrine, Amethyst, and Garnet.
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 |