MIRA
INFORM REPORT
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Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
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Name : |
MOTI GANZ ( |
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Registered Office : |
1200 Avenue Of The
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Country : |
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Date of Incorporation : |
28/12/1999 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged in the
wholesale diamond trade in the |
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: MOTI
GANZ (
Address: 1200
AVENUE OF THE
6TH FLOOR
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212-302-0040
Facsimile: 212-302-0005
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
6
Legal Form: Corporation
- Private
Website: www.motiganz.com
Business Activity: The Subject is engaged in the wholesale
diamond trade in the
NOTE TO CLIENT
We contacted the
company and spoke to Mr. Nicky Lee, Controller, who provided general business
information.
Please note that we
did send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 28/12/1999
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Current Entity
Name: MOTI
GANZ (
Initial DOS Filing
Date: DECEMBER
28, 1999
County:
Jurisdiction:
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)
MOTI GANZ (
Registered Agent
NONE
Managers/Key
Personnel
Mr. Moti Ganz Chairman & Chief Executive Officer
Mr. Ilan Doron President
Mr. Nicky Lee Controller
AFFILIATED ENTITIES
The following firms
are affiliates of the Subject:
Moti Ganz (
Elara Inc.
Israeli Diamond
Institute
Israeli Diamond
Industry
As far as could be
determined, there are no known subsidiaries.
BANKS
BANK LEUMI
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank Leumi
PAYMENT HISTORY
The firm is not a
large seeker of local trade credit and as such a significant payment record
could not be developed.
FINANCIAL INFORMATION
According to Mr.
Nicky Lee, Controller, the Company had net sales of approximately $2 million
USD in the fiscal year 2006.
The Company was
forwarded a fax requesting financial information.
Currently we have
not received a response.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees
: 6
Business Activity:
The Subject is
engaged in the wholesale diamond trade in the
The Subject's
products consist of loose diamonds and high end jewelry which includes the
following: earrings, necklaces, bracelets, rings and related items. The
Subject's customers include many retailers throughout the
The above address is
the headquarters and sole location for the firm which consists of 2,000 square
feet of leased office space.
TRADE REFERENCES
Trade references
could not be obtained.
PUBLIC RECORD
The following UCC
filings have been made by the Subject:
Source: NY SECRETARY OF STATE
Filing Number: 603135239843
Filing Date: 03/13/2006
Expiration
Date: 03/13/2006
Filing Type: ORIGINAL
Filing Office:
SECRETARY OF
STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s):
MOTI GANZ (
1200 AVENUE OF THE
SECURED PARTY OR CREDITOR INFORMATION
Secured Party:
BANK LEUMI
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Document Type: INITIAL UCC1
Document ID: FT_1260006959826
Filing Date: 01/07/2000
Filing Borough:
DEBTOR INFORMATION
Debtor:
MOTI GANZ (
580
UNITED STATES
SECURED PARTY INFORMATION
Secured Party:
BANK LEUMI
UNITED STATES
Document ID: FT_1260006959826
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Filing Number: 5194
Filing Date: 01/07/2000
Filing Type: ORIGINAL
Filing Office:
SECRETARY OF
STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s):
MOTI GANZ (
580
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s):
BANK LEUMI
COLLATERAL INFORMATION
Collateral
Type: ALL ACCOUNT(S) AND PRODUCTS
Collateral
Type: ALL GENERAL INTANGIBLE(S) AND
PRODUCTS
Collateral
Type: ALL CHATTEL PAPER AND PRODUCTS
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A search of
bankruptcy courts revealed no record of the Subject filing for bankruptcy.
A search of public
revealed no legal action filed against the Subject.
GENERAL COMMENTS
The Subject is
engaged in the wholesale distribution of loose diamonds and diamond jewelry
since 1999. A significant payment record could not be developed. Outside
sources failed to provide any additional insight into the financial condition
of the firm. However, no bankruptcy filings, adverse judgments, or derogatory
information was reported or noted.
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%)