MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SUBERI BROTHERS,
LLC |
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Registered Office : |
902 Broadway, 14th
Floor, |
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Country : |
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Date of Incorporation : |
18/06/1984 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Distributor of
jewelry and precious stones and a manufacture of diamond jewelry. |
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:
State/Province:
Zip Code: 10010
Country: UNITED
STATES
Telephone: 212
979-9100
Facsimile: 212
979-5331
Founded
(D/M/Y): 18/06/1984
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
40
Legal Form: Limited
Liability Company
Website: No
website available
Business Activity: The Company engages as a distributor of
jewelry and precious stones and a manufacture
of diamond
jewelry. It targets the
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:
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:
Jurisdiction:
Entity Type: DOMESTIC
LIMITED LIABILITY COMPANY
Current Status: ACTIVE
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Entity Address: SUBERI
BROTHERS, LLC
902 BROADWAY, 14TH FLOOR
Registered
Agent: ROSS MARKMAN
902 BROADWAY, 14TH FLOOR
Managers/Key
Personnel
Mr. Marvin
Markman Chief Executive Officer
Ms. Nandra
Singh Controller
AFFILIATED ENTITIES
Komal Gems N.V.
Laxmi Jewel B.V.B.A.
Laxmi Diamond (HK)
Ltd.
Milistar Co. Ltd.
Shree Laxmi
Jewellery LLC
Milistar (NY) Inc.
Parent Companies
Parent Company: LAXMI DIAMOND PVT. LTD.
416 Prasad
Chambers
Opera House,
Mumbai - 400 004
Telephone : +
91 22 2367-7007
BANKS
HSBC BANK
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
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 46600
34700 68 11
21 0 0
CUST 20 YR
OFFC SUPPL 07-06 07-05 CREDIT 7500
1600 100 0 0
0 0 ACCTCLOSED
PACKAGING
07-06 00-00 NET 30 500 300
90 10 0
0 0 CUST
5 YR
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0
0 0 CUST
2 YR
CELLUL/PAG 05-01 04-11 NET 30 100
100 100 0 0 0
0 CUST 6 YR
COMMUN SVC 04-10 00-00 300 0
0 0 0
0 0
CRED CARD
07-06 00-00 REVOLVE 0
0 0 0
0 0 0
CUST 26 YR
LEASING
05-01 05-01 NOTE 5000 3100
100 0 0 0 0
MANUFCTRNG 04-07 00-00 0 0
0 0 0
0 0
PETROLEUM
07-02 02-09 VARIED 0 0
0 0 0
0 0 ACCTCLOSED
TELECOM
04-11 00-00 NET 30 300 200
100 0 0 0 0
TELECOM
04-07 00-00 NET 30 0 0
0 0 0 0 0
CURRENT QUARTER 54600 36600
69 11 20
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070600
0 13 11 34700 68
11 21 0 0
20070500
0 12 11 36300 69
11 20 0 0
20070400
0 12 11 36300 69
11 20 0 0
20070300
0 12 0 11900 100 0
0 0 0
20070200
0 7 0 11900 100 0
0 0 0
20070100
0 4 0 12700 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 11 35900 69
11 20 0 0
First
2007 6 20000 82
6 12 0 0
Fourth
2006 0 25900 100 0
0 0 0
Third
2006 4 12600 71
29 0 0 0
Second
2006 1 2700 96
4 0 0 0
FINANCIAL INFORMATION
The Subject reports
annual sales for the fiscal year 2006 in the US$35-$40 million range. It
projects that annual sales for the fiscal year 2006 will close in the same
range. The Company is profitable.
HISTORY
The Subject was
originally incorporated in the state of
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
PUBLIC RECORD
A search of public
records revealed the following:
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Name Searched:
SUBERI BROTHERS LLC
Debtor Address:
SUBERI BROTHERS, LLC
902 BROADWAY
Secured Parties:
HSBC BANK
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
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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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%)