MIRA INFORM
REPORT
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Report Date : |
07.06.2007 |
IDENTIFICATION DETAILS
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Name : |
EXCELLENT FACETS, INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27/10/1997 |
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Legal Form : |
Private Limited |
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Line of Business : |
International dealer and distributor of jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : EXCELLENT FACETS, INC.
Address :
City :
State/Province :
Country : UNITED STATES
Zip Code : 10035
Telephone : 212-382-1122
Facsimile : 212-382-1317
Sales / Revenue : --
Net Income : --
Legal Form : Corporation - Private
Total Equity : --
Website : No website.
Number of Employees : 7
Maj. Shareholder : Mr. Deepak Sheth
Business Activity:
International dealer and
distributor of jewelry. Distribution regions includes Asia, Europe and the
NOTE TO CLIENT
Mr. Suresh Coodvalli, Chief Financial Officer, provided the following information contained in this report.
LEGAL
Legal Form: Corporation : Private
Since (D/M/Y) : 27/10/1997
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
NEW YORK SECRETARY OF STATE:
Current Entity Name : EXCELLENT FACETS, INC.
Initial DOS Filing Date : OCTOBER 27, 1997
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)
EXCELLENT FACETS, INC.
576
Chairman or Chief Executive Officer
DEEPAK SHETH
Principal Executive Office
EXCELLENT FACETS, INC.
Registered Agent
NONE
NOTE:
Managers/Key
Personnel
Mr. Deepak Sheth President & CEO
Mr. Suresh Coodvalli Chief Financial Officer
OWNERS
Mr. Deepak Sheth 100.00% Majority
AFFILIATED ENTITIES
Management reports the following affiliated entities through common ownership:
Transamerica Jewelry Inc. Amadena LLC
BANKS
Management declined to provide any bank information.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant payment record could not be developed.
FINANCIAL INFORMATION
Management declined to provide any financial information and outside sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code : 44831 Jewelry Stores
SIC Code : 5944
Number of Employees : 7
Business Activity:
International dealer and distributor of jewelry. Distribution regions
includes Asia, Europe and the
The headquarters and sole location is at the above-noted address.
TRADE REFERENCES
Management declined to provide supplier references.
PUBLIC RECORD
The following Uniform Commercial Codes were filed by the Company:
Name Searched : EXCELLENT FACETS INC.
Debtor Address : EXCELLENT FACETS INC.
576,
Secured Parties : BANK OF
Filing Date : 2/5/2004
Filing Number : 0402050127886
Filing Type : TERMINATION
Original Filing Number : 98191568
Name Searched : EXCELLENT FACETS INC.
Debtor Address : EXCELLENT FACETS, INC.
576
Secured Parties : FLEET NATIONAL BANK FLEET PRECIOUS METALS INC.
Filing Date : 8/8/2006
Filing Number : 0608080649036
Filing Type : TERMINATION
Original Filing Number : 0312081942765
Name Searched : EXCELLENT FACETS INC.
Debtor Address : EXCELLENT FACETS, INC.
576
Secured Parties : FLEET NATIONAL BANK FLEET PRECIOUS METALS INC.
Filing Date : 12/8/2003
Filing Number : 0312081942765
Filing Type : INITIAL FILING
Name Searched : EXCELLENT FACETS INC.
Debtor Address : EXCELLENT FACETS, INC.
576
Secured Parties : HSBC BANK
Filing Date : 9/26/2006
Filing Number : 0609260778089
Filing Type : INITIAL FILING
No bankruptcy petition was filed by the Company.
GENERAL COMMENTS
An established Company, the Subject is engaged as an international dealer and distributor of jewelry. No payment were found and a search of public records and bankruptcy courts revealed no derogatory information or record of the Company filing a bankruptcy petition.
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%)