MIRA
INFORM REPORT
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Report Date : |
05.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
GOLDSTAR JEWELLERY LLC |
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Registered Office : |
45
West 45th Street Suite #201, New York 10036 |
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Country : |
United States |
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Date of Incorporation : |
19.02.2004 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of fine 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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : GOLDSTAR
JEWELLERY LLC
Address : 45 WEST 45TH
STREET SUITE #201
City : NEW
YORK
State/Province : NEW YORK
Zip
Code :
10036
Country : UNITED
STATES
Telephone : 212 391-2021
Facsimile : 212
391-7444
Legal
Form :
Corporation - Private
Website :
www.goldstarjewellery.com
@rating
Opinion : --
Business
Activity : The Firm is
a wholesaler of fine jewelry.
As
of :
--
Sales
/ Revenue : --
Net
Income : --
Total
Equity : --
Number
of Employees : 25
NOTE TO CLIENT
Person
Contacted:Ms. Allyson O'Connell, Finance Director.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 19/02/2004
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
The
Firm is incorporated in New York under the following:
Current
Entity Name : GOLDSTAR
JEWELLERY LLC
Initial
DOS Filing Date : FEBRUARY
19, 2004
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type :
DOMESTIC LIMITED LIABILITY COMPANY
Current
Entity Status : ACTIVE
Selected
Entity Address Information DOS Process
GOLDSTAR
JEWELLERY LLC
45
WEST 45TH STREET
NEW
YORK, NEW YORK, 10036
Registered
Agent : NONE
Managers/Key Personnel
Mr.
Ankur Shah Managing Director
Ms.
Allyson O'Connell Financial Director
AFFILIATED ENTITIES
AFFILIATES:
Amit
Diamond C, Inc
American
Star, LLC
Jewel
Trend, Inc
Goldstar
Jewellery, Ltd
Goldstar
Jewellery India
There
are no subsidiary companies at this time.
BANKS
HSBC
Bank
Buffalo NY
Telephone : 800 975-4722
Facsimile :
Account
Number :
Account
Manager: Credit Department
Policy
prohibits the bank from releasing information concerning the bank's commercial
customers.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ % 30 60
90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 06-09 00-00
0000000 6400 3000 100 0
0 0 0 CUST 3 YR
COMPUTERS 06-11 06-09
CREDIT 5000 0 0 0
0 0 0
FINCL SVCS 06-11 06-09 NET 30
400 0 0
0 0 0 0
OFFC SUPPL 06-11 04-05 CREDIT
2000 0 0
0 0 0 0
PACKAGING 06-10 00-00 NET
30 0 0 0 0
0 0 0 CUST 1 YR
AIR TRANS 05-12 00-00 NET
30 200 0 0 0
0 0 0 CUST 1 YR
GENERAL 05-02 04-10 NET
30 800 400 69 0
31 0 0 CUST 2 YR
LEASING 06-09 00-00
CONTRCT 100 100 100 0
0 0 0
LEASING 05-08 00-00
CONTRCT 11600 0 0
0 0 0 0 CUST
1 YR
OFFC SUPPL 05-09 05-09 NET 30
900 100 100 0
0 0 0 CUST 10 YR
CURRENT QUARTER
13800 3000 100 0
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR
DBT DBT $ % 30 60
90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061000 0 6 0 3000 100 0
0 0 0
20060900 0 5 0 4100 100 0 0 0
0
20060800 0 6 0 4000 98
2 0 0 0
20060700 0 6 0 6500 100 0
0 0 0
20060600 0 6 0 3200 100 0
0 0 0
20060500 0 5 0 3500 100 0 0 0
0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third 2006 0 3700 99 1
0 0 0
Second 2006 0 4400 100 0 0
0 0
First 2006 0 3000 100 0 0
0 0
Fourth 2005 0 0 0
0 0 0 0
Third 2005 0 0 0 0
0 0 0
FINANCIAL INFORMATION
Ms.
O'Connell declined to provide financial statements, however stated the Firm has
has annual sales in the US $10-50 million range.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Number
of Employees: 25
Business Activity
The
Firm is a wholesaler of fine jewelry.
The
Firm imports and offers fine jewelry. The Firm only specializes in finished
jewelry. The Firm's inventory only includes Gold, Platium and various color
Diamonds.
The
heading address is the Firm's sole location and consists of 5,000 square feet
of leased office space.
PUBLIC RECORD
Name
Searched : GOLDSTAR JEWELLERY LLC
Debtor
Address : GOLDSTAR JEWELLERY LLC
45
W 45TH ST.
NEW
YORK, NY 10036
GOLDSTAR
JEWELLRY PVT., LTD
45
W 45TH STREET
NEW
YORK, NY 10036
Secured
Parties : STAR
DIAMOND GROUP, INC. STAR 129, INC.
Filing
Date :
9/1/2004
Filing
Number :
0409010897009
Filing
Type :
AMENDMENT
Original
Filing Number : 0408180851412
Name
Searched : GOLDSTAR
JEWELLERY LLC
Debtor
Address : GOLDSTAR
JEWELLERY LLC
45
WEST 45TH STREET
NEW
YORK, NY 10036
Secured
Parties : ANTWERPSE
DIAMANTBANK N.V.
Filing
Date :
12/27/2005
Filing
Number :
0512271364600
Filing
Type :
INITIAL FILING
No
judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The
Firm is a well established wholesaler of fine jewelry. The payment record is
satisfactory. No judgements, tax liens or bankruptcy petitions were traced to
the Firm. The Firm is considered responsible for normal trade relations.
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%)