MIRA INFORM REPORT

 

 

Report Date :

05.11.2007

 

IDENTIFICATION DETAILS

 

Name :

GOLDSTAR JEWELLERY PVT LTD

 

 

Registered Office :

45 W 45th St Ste 201 New York, Ny 10036-4602

 

 

Country :

United State

 

 

Date of Incorporation :

05 / 1988

 

 

Com. Reg. No.:

704194994

 

 

Legal Form :

Private  Limited

 

 

Line of Business :

Jewelry Stores

 

 

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

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

GOLDSTAR JEWELLERY PVT LTD
45 W 45TH ST STE 201
NEW YORK, NY 10036-4602
(212) 391-2021

Business Identification Number:

704194994

File Established:

05/1988

SIC code: 

JEWELRY STORES - 5944

Executive Summary

 

 

  Intelliscore for GOLDSTAR JEWELLERY PVT LTD

 

 

52.95

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM TO HIGH RISK
31% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

NUMBER OF CURRENT ACCOUNTS

NUMBER OF RECENT COLLECTION ACCOUNTS

BALANCE ON HIGH CREDIT

NUMBER OF RECENTLY ACTIVE ACCOUNTS



  Current DBT range compared to all industries*

0 DBT
($2,100 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 7 DBT

 

 

 

 

 

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections: details (PLACED 04/04-10/06)

2

Sum of legal filings:

$0

UCC filings: details (FILED 08/04-04/07)

4

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

1

Highest DBT previous 5 quarters:

2

Total continuous trades:

6

Current continuous trade balance:

$2,100

Trade balance of all trades (12):

$4,200

Average balance previous 5 quarters:

$5,080

Highest credit amount extended: details

$8,000

6 month balance range:

$2,100 - $8,400

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

** Cautionary UCC Filings include one or more of the following collateral:
Accounts, Accounts Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

  7 month DBT trends

 

90+

60

30

 


0

 


1

 


0

 


0

 


0

 


0

 


0

 

0

Apr07

May07

Jun07

Jul07

Aug07

Sep07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


0

 


2

 


0

 


1

 


0

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

 

Predicted DBT for 01/02/2008: 1 DBT

Payment Trend Indication:
Are Stable

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CONTRCT, and 0000000

 

Back to top

 

Legal Filings and Collections

 

 

  Collections

Date
Placed

Status

Original
Balance

Outstanding
Balance

Date
Closed

Agency

Agency
Phone

10/2006

Open Account

$1,313

 

$1,313

 

 

NCO GROUP

(800) 735-6008

04/2004

Open Account

$172

 

$172

 

 

CITI - STAPLE COLLECTIONS

(800) 767-1295

Trade Payment Information

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

+AIR TRANS

09/2007

 

 

 

$8,000

$2,000

100%

 

 

 

 

CUST 4 YR

+COMPUTERS

10/2007*

 

 

 

$1,700

$1,700

100%

 

 

 

 

CUST 3 YR

 COMPUTERS

10/2007

09/2006

CREDIT

 

$5,000

$0

 

 

 

 

 

 

=FINCL SVCS

10/2007

09/2007

NET 30

 

$500

$100

100%

 

 

 

 

 

 OFFC SUPPL

10/2007

07/2007

NET 30

 

$900

$0

 

 

 

 

 

CUST 12 YR

 OFFC SUPPL

10/2007

05/2004

CREDIT

 

$2,000

$0

 

 

 

 

 

 

 PACKAGING

10/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 2 YR

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

6

 

 

$16,400

$2,100

100%

 

 

 

 

DBT: 0

Newly Reported

1

 

 

$1,700

$1,700

100%

 

 

 

 

DBT: 0

Trade Lines Totals

7

 

 

$18,100

$3,800

100%

 

 

 

 

DBT: 0

Additional Payment Experiences

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 AIR TRANS

11/2006

 

NET 30

 

$200

$0

 

 

 

 

 

CUST 1 YR

 BUS SERVCS

12/2006

 

NET 30

 

$100

$0

 

 

 

 

 

 

-GENERAL

02/2005

10/2004

NET 30

 

$800

$400

69%

 

31%

 

 

CUST 2 YR

 LEASING

09/2007

 

CONTRCT

 

$100

$0

 

 

 

 

 

 

 LEASING

08/2005

 

CONTRCT

 

$11,600

$0

 

 

 

 

 

CUST 1 YR

Monthly Payment Trends

 

 

Payment Trends Analysis
JEWELRY STORES INDUSTRY SIC: 5944

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

0

$2,100

 

100%

 

 

 

 

SEP07

82%

7

0

$2,100

 

100%

 

 

 

 

AUG07

82%

7

0

$6,500

 

100%

 

 

 

 

JUL07

84%

6

0

$3,900

 

100%

 

 

 

 

JUN07

84%

6

0

$5,400

 

100%

 

 

 

 

MAY07

85%

5

1

$8,200

 

91%

9%

 

 

 

APR07

85%

5

0

$3,900

 

100%

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

0

$4,200

 

100%

 

 

 

 

Q2 - 07

APR-JUN

1

$5,800

 

96%

4%

 

 

 

Q1 - 07

JAN-MAR

0

$5,700

 

100%

 

 

 

 

Q4 - 06

OCT-DEC

2

$6,000

 

84%

16%

 

 

 

Q3 - 06

JUL-SEP

0

$3,700

 

99%

1%

 

 

 

Inquiries

 

  Summary of Inquiries

Business
Category

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

MAR07

BUREAU

 

 

 

 

 

 

 

 

1

 

Totals

 

 

 

 

 

 

 

1

 

UCC Profile

 

The UCC Filings are summarized and listed below.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

1

1

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

1

2

 

 

 

PRIOR TO JUL

 

2005

 

1

 

 

1

Total

 

2

4

 

 

1

 

** Cautionary UCC Filings include one or more of the following collateral:
Accounts, Accounts Receivable, Contracts, Hereafter Acquired Inventory, Leases, Notes Receivable or Proceeds.

 

Back to top

 

  UCC Filings

 

 

UCC FILED Date: 04/03/2007

Filing Number: 200704035362102

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: HSBC BANK USA, NATIONAL ASSOCIATION NY BUFFALO 14203 ONE HSB

Collateral: EQUIP, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 12/27/2005

Filing Number: 200512271364600

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: ANTWERPSE DIAMANTBANK N.V. ANTWERPEN PELIKAANSTRAAT

Collateral: ACCTS REC, EQUIP, FURN & FIX, INVENTORY, HEREAFTER AQUIRED PROP, UNDEFINED


UCC FILED Date: 12/13/2005

Filing Number: 200512136088369

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: M. FABRIKANT & SONS INC NY NEW YORK 10020 1 ROCKEFELLER PLAZ

Collateral: UNDEFINED


UCC FILED Date: 08/18/2004

Filing Number: 200408180851412

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: STAR 129, INC. NY NEW YORK 10019 1285 AVE. OF THE AMERICAS 3

Collateral: UNDEFINED


UCC AMENDED Date: 09/01/2004

Filing Number: 200409010897009

Original Filing Date: 08/18/2004

Original Filing Number: 2004081808

Original Filing State: NY

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: STAR DIAMOND GROUP, INC.

Collateral:  

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

ANKUR SHAH, PRESIDENT

 

FALGUNI SHAW, OWNER


Primary SIC Code: JEWELRY STORES - 5944

Secondary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094


Number of Employees: 15

 

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

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.

 

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

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions