MIRA
INFORM REPORT
|
Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
RAHMANIM'S
IMPORTS, INC. |
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Registered Office : |
5 South Wabash
Avenue, Suite 1211, Chicago, Illinois – 60603 |
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Country : |
U.S.A. |
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Date of Incorporation : |
07/01/1994 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Import and
wholesale trade of diamonds and jewellery. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
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Company Name |
RAHMANIM'S
IMPORTS, INC. |
|
Address |
5 SOUTH WABASH
AVENUE, SUITE 1211 |
|
City |
CHICAGO |
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State/Province |
ILLINOIS |
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Zip Code |
60603 |
|
Country |
UNITED
STATES |
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Telephone |
312 236-2200 |
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Facsimile |
312 236-2277 |
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As of |
- |
|
Sales / Revenue |
- |
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Net Income |
- |
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Total Equity |
- |
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Number of Employees |
6 |
|
Legal Form |
Corporation -
Private |
|
Website |
www.ridiamonds.com |
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Maj. Shareholder |
The Rahmanim
Family |
|
Business Activity |
The Subject is
engaged in the import and wholesale trade of diamonds and jewellery. |
NOTE TO CLIENT
Ordered Name: RAHMANIS IMPORTS
Legal Name: RAHMANIM'S IMPORTS, INC.
Ms. Afsaneh
Rahmanim, Manager, confirmed all information in this report.
LEGAL
Legal Form : Corporation -
Private
Since (D/M/Y) : 07/01/1994
State/Province of
Incorporation : IL
Status : ACTIVE
Previous Legal Form :
Company is NOT
required to publish an annual financial report.
Name: RAHMANIM'S
IMPORTS, INC.
Identification
Number: 57631562
State of
Incorporation: ILLINOIS
Date Incorporated:
01/07/1994
Status: GOOD
STANDING
Business Type:
DOMESTIC CORPORATION
REGISTERED AGENT
Name: NASER
RAHMANIM
Address: 5 WEST WABASH AVENUE, SUITE 1211
CHICAGO, IL 60603
Managers/Key
Personnel
Mr. Nasar
Rahmanim President
Ms. Vahideh
Rahmanim Vice President
OWNERS
The Rahmanim
Family
% Shareholder
AFFILIATED ENTITIES
Management stated
there are no affiliated companies.
BANKS
IL
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide us with Company's bank or any banking details thus a reference could
not be obtained.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 06-11 0000000 900
300 100 0 0
0 0
MANUFCTRNG 06-09 00-00 0000000 0 0
0 0 0 0
0
CRED CARD
06-12 06-10 REVOLVE 300
200 100 0 0
0 0 CUST 2 YR
OFFC SUPPL 05-01 05-01 NET 30 100
100 100 0 0
0 0 CUST 1 YR
CURRENT QUARTER 900
300 100 0 0
0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061200
0 4 0
300 100 0
0 0 0
20061100
0 4 0 200 100
0 0
0 0
20061000
0 4 0 200 100
0 0
0 0
20060900
0 4 0 200 100
0 0
0 0
20060800
0 6 0 900 100 0 0 0
0
20060700
0 5 0 900 100
0 0
0 0
Payment History -
Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 0 300 100 0 0 0
0
Third
2006 0 400 100 0 0 0
0
Second
2006 0 0 0 0 0
0 0
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
Management would
not disclose any financial information when contacted citing confidentiality.
As a privately held
company, the Subject is not required to file financial statements for public
review.
CURRENT OPERATIONS
NAICS Code: 42194
Jewellery, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 6
Business Activity
The Subject is
engaged in the import and wholesale trade of diamonds and jewellery.
The Subject imports
from India, Hong Kong, Belgium, and Israel.
The heading address
is the Subject's headquarters. The Subject has a satellite office in New York,
NY.
PUBLIC RECORD
Filing Number : 5284767
Filing Date : 05/21/2002
Filing Time : 1:16PM
Expiration Date : 05/21/2007
Filing Type : ORIGINAL
Filing Office :
SECRETARY OF STATE/UCC DIVISION
350 W HOWLETT BLD
SPRINGFIELD, IL 62706
DEBTOR INFORMATION
Debtor(s): RAHMANIM'S IMPORTS INC
5 S WABASH SUITE
1211
CHICAGO, IL 60603
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): LLD USA LLC
580 FIFTH AVENUE
SUITE 800
NEW YORK, NY 10036
-------------------------------------------------------------------------------
Filing Number : 5284759
Filing Date : 05/21/2002
Expiration Date : 05/21/2007
Filing Type : ORIGINAL
Filing Office : SECRETARY OF STATE/UCC DIVISION
350 W HOWLETT BLD
SPRINGFIELD, IL 62706
DEBTOR INFORMATION
Debtor(s): RAHMANIM'S IMPORTS, INC.
5 S. WABASH, SUITE
1211
CHICAGO, IL
60603000
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): LLD DIAMONDS LTD
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Filing Number : 8722034
Filing Date : 08/27/2004
Expiration Date : 12/28/2009
Filing Type : CONTINUATION
Filing Date of
Related Filing : 12/28/1994
Filing Office : SECRETARY OF STATE/UCC DIVISION
350
W HOWLETT BLD
SPRINGFIELD, IL 62706
DEBTOR INFORMATION
Debtor(s): RAHMANIM'S IMPORTS, INC.
5 S.WABASH, SUITE
1211
CHICAGO, IL 60603
RAHMANIMS IMPORT'S
INC
5 S WABASH STE 1211
CHICAGO, IL 60603
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): FIFTH THIRD BANK
1701 W. GOLF ROAD
ROLLING MEADOWS, IL
60008
OLD KENT BANK
105 S YORK ST
ELMHURST, IL 60126
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We have also
conducted a nationwide search with bankruptcy courts, which have revealed no
record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
RAHMANIM'S IMPORTS,
INC. is engaged in the import and wholesale trade of diamonds and jewellery.
The Subject's payment history is reported to be satisfactory but limited.
Management provided operating details but declined to provide banking and
financial information. We know the Company to be of good legal standing and are
considered responsible for normal business transactions.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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%)