MIRA
INFORM REPORT
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Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
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Name : |
TOSCO
INTERNATIONAL INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged in the cutting and wholesale of loose gemstones. |
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
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Company Name |
TOSCO INTERNATIONAL INC. |
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Address |
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SUITE NO. 1112 |
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City |
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State/Province |
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Zip Code |
10036 |
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Country |
UNITED STATES |
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Telephone |
212 944-8664 |
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Facsimile |
212 944-8663 |
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As of |
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Sales / Revenue |
2,500,000 |
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Net Income |
- |
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Total Equity |
- |
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Number of Employees |
4 |
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Legal Form |
Corporation - Private |
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Website |
www.toscointl.com |
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Business Activity |
Firm is engaged in the cutting and wholesale of loose gemstones. |
NOTE TO CLIENT
Information in this report was provided by Mr. Ashwin Surkat, Marketing Manager
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) :
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
Current Entity Name : TOSCO INTERNATIONAL, INC.
Initial DOS Filing Date :
County :
Jurisdiction :
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Managers/Key
Personnel
Mr. Manoj Shrimal President
Mr. Asit Shrimal Vice President
AFFILIATED ENTITIES
Firm has no affiliates, divisions, subsidiaries, nor parent.
BANKS
JP Morgan Chase Bank
NY
Telephone:
Facsimile:
Account Number: 134093630665
Account Manager: Kathy Robertson
Policy prohibits releasing any information
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
FINCL SVCS 06-08 06-06 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
MANUFCTRNG 06-05 00-00 0000000 0 0
0 0
0 0 0
OFFC SUPPL 06-08 00-00 CREDIT 3000
0 0 0
0 0 0
TELECOM
06-08 00-00 NET 30 100 100
100 0 0 0 0
AIR TRANS
05-07 00-00 100 0
0 0 0
0 0
FINCL SVCS 06-03 06-02 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
OFFC SUPPL 04-03 04-02 NET 30 100
100 0 100 0
0 0 CUST
7 YR
TELECOM
04-11 00-00 NET 30 200 200
100 0 0 0 0
TELECOM
04-04 04-04 COD 0 0
0 0 0 0 0
CUST 1 YR
CURRENT QUARTER 3100 100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20060700
0 6 0 300 98
2 0 0 0
20060600
0 5 0 300 98
2 0 0 0
20060500
0 5 0 200 97
3 0 0 0
20060400
0 4 0 100 99
1 0 0 0
20060300
0 5 0 200 100 0
0 0 0
20060200
0 5 0 200 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2006 0 100 100 0
0 0 0
First
2006 0 100 100 0
0 0 0
Fourth
2005 0 0 0
0 0 0 0
Third
2005 0 100 100 0
0 0 0
Second
2005 0 0
0 0
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Projected Consolidated
Sales / Revenues 5,000,000 2,500,000 -
We were unable to obtain financial reports from management.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees: 4
Business Activity:
Firm is engaged in the cutting and wholesale of loose gemstones. Firm specializes in the distribution of Tanzanite, diamond, ruby, and blue and yellow sapphires
The sole location and headquarters for the Subject is located at the above heading address. The facility is a leased facility consisting of 2,000 square feet.
PUBLIC RECORD
A nationwide search of public and bankruptcy courts shows no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
he subject has been operating since 1996, engaged in the manufacturing and wholesaling of gemstones. The payment record is satisfactory and the operating history is clear. No derogatory information was found. This 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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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%)