MIRA
INFORM REPORT
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Report Date : |
23.06.2007 |
IDENTIFICATION DETAILS
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Name : |
HEERA MOTI
INCORPORATED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16/03/1987 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
The Firm is engaged as a wholesaler of jewelry and precious
stones. Products include: Anklets, Bangles, Bracelets, Cuff Links, Earrings, Men's
Bracelets, Men's Rings, Necklaces, Sliders, and Women's Rings. The above
location is believed to be the headquarters and sole location of the Firm. |
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 : HEERA MOTI INCORPORATED
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 764-1600
Facsimile : 212 764-0007
Legal Form : Corporation - Private
Website : www.heeramoti.com
Business Activity : The Firm is engaged as a wholesaler
of jewelry and precious stones. Products include:
Anklets, Bangles, Bracelets, Cuff Links, Earrings, Men's Bracelets,
Men's Rings,
Necklaces, Sliders, and Women's Rings.
As of : --
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 17
NOTE TO CLIENT
We called the Company
and spoke with a Manager at the company (no name or title given) who provided
very general information, before deferring all other information to a written
request to Mr. Jay Sadwani, VP of Finance, via facsimile.
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. Some of the
information in this report was not confirmed by management.
LEGAL
Legal Form : Corporation -
Private
Since (D/M/Y) : 16/03/1987
State/Province of
Incorporation : NY
Status : ACTIVE
Previous Legal Form : --
Company is NOT required
to publish an annual financial report.
Current Entity Name : HEERA MOTI INCORPORATED
Initial DOS Filing Date : MARCH 16, 1987
County :
Jurisdiction :
Entity Type : DOMESTIC
BUSINESS CORPORATIO
Current Entity Status : ACTIVE
Selected Entity Address
Information DOS Process (Address to which DOS will mail process if accepted on behalf
of the entiy
C/O XL CORPORATE
SERVICES
Registered Agent NONE
Managers/Key
Personnel
Mr. Naresh Sadwani President
Mr. Jay Sadwani Vice President - Finance
Ms. Pam Shadweni Director
AFFILIATED ENTITIES
There are no known
affiliates or subsidiaries.
BANKS
HSBC Bank
1185 Avenue of the
NY 10036
Telephone:
Facsimile: 212-575-0632
Account Number:
Account Manager:
The above bank was
listed one the Subject's website. However it was not confirmed by management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-03 00-00 0000000 7600
3200 100 0 0
0 0 CUST
6 YR
BUS SERVCS 07-06 00-00 NET 7 400
100 100 0 0
0 0
FINCL SVCS 07-06 00-00 CONTRCT 0 0
0 0 0
0 0 CUST
1 YR
COMPUTERS
06-09 00-00 0000000 1600
0 0 0
0 0 0
CUST 1 YR
GENERAL
05-01 04-08 NET 30 500 300
92 0 8
0 0 CUST
6 YR
LEASING
07-04 00-00 CONTRCT 13500
0 0 0
0 0 0
CUST 1 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
CURRENT QUARTER 8000 3300
100 0 0 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 0 3200 100 0
0 0 0
20070500
0 12 1 3200 97
0 3 0 0
20070400
0 12 0 3300 100 0
0 0 0
20070300
0 12 2 11900 91
8 0 0 1
20070200
0 7 2 11900 91
8 0 0 1
20070100
0 4 2 11900 91
8 0 0 1
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 2 9000 92
7 0 0 1
Fourth
2006 3 7600 94
4 0 0 2
Third
2006 14 1800 86
0 1 2 11
Second
2006 4 3300 96
0 0 0 4
First
2006 6 5000 91
4 0 0 5
FINANCIAL INFORMATION
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
17
Business Activity
The Firm is engaged as
a wholesaler of jewelry and precious stones. Products include: Anklets,
Bangles, Bracelets, Cuff Links, Earrings, Men's Bracelets, Men's Rings,
Necklaces, Sliders, and Women's Rings. The above location is believed to be the
headquarters and sole location of the Firm.
TRADE REFERENCES
Trade references could
not be obtained.
PUBLIC RECORD
Name Searched : HEERA MOTI
Debtor Address : HEERA MOTI, INC.
Secured Parties : VALLEY NATIONAL BANK, MERCHANTS
BANK DIVISION
Filing Date : 10/18/2004
Filing Number : 0410185869003
Filing Type : INITIAL FILING
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Name Searched : HEERA MOTI
Amount : $ 5,260
Attorney : ANES FRIEDMAN ETAL
Creditor : FEDERAL EXPRESS CORP
Debtors : HEERA MOTI
INCORPORATED
15 W 47 ST 808
Docket Number : 3710602
Filing Date : 1/27/2003
Type : JUDGMENT
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Name Searched : HEERA MOTI
Amount : $ 12,196
Attorney : JOEL COHEN
Creditor : AT AND T CORP
Debtors : HEERA MOTI INC
15 W
47 ST 808
Docket Number : 1759301
Filing Date : 9/25/2001
Type : JUDGMENT
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Name Searched : HEERA MOTI
Amount : $ 11,305
Attorney : COHEN AND COHEN
Civil Summons : CIVIL COURT OF THE CITY OF
AT AND T CORP v. HEERA
MOTI INC
Defendant : HEERA MOTI INC
15 W
47 ST
Docket Number : 1759301
Filing Date : 6/5/2001
Plaintiff : AT AND T CORP
Type : CIVIL SUMMONS
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Name Searched : HEERA MOTI INC.
Amount : $ 1,340.56
Creditor : NY STATE DEP'T OF
TAXATION & FINANCE
Debtors : HEERA MOTI
INCORPORATED
36 W 47 ST #1004A
NY NY
10036
Docket Date : 08/28/1992
Docket Type : NY STATE TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31000463766
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There was no record of
the Firm filing for bankruptcy.
GENERAL COMMENTS
Incorporated in
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%)