MIRA INFORM REPORT

 

 

Report Date :

10.09.2007

 

IDENTIFICATION DETAILS

 

Name :

GLOBEX USA INC.

 

 

Registered Office :

10460 Queens Boulevard 20c, Forest Hills, New York - 11375                          

 

 

Country :

United States               

 

 

Date of Incorporation :

20/03/2001

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Wholesaler of diamond jewelry.

 

 

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 :

Usually correct

 

 

Litigation :

Clear

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            GLOBEX USA INC.

Address:                       10460 QUEENS BOULEVARD 20C

                                    FOREST HILLS

City:                             NEW YORK                    

State/Province:              NEW YORK                     

Zip Code:                      11375                          

Country:                                    UNITED STATES               

Telephone:                    212 869-6119                

Facsimile:                     212-840-8044                           

Founded (D/M/Y):          /  /2001

In KUSD  As of:             31/03/2006

Sales / Revenue:            1,200

Net Income:

Total Equity:

Number of Employees:

Legal Form:                   Corporation - Private

Website:                       N/A

Maj. Shareholder:           Mr. Doshiba Gautm

Business Activity:          The company is a wholesaler of diamond jewelry.

 

 

NOTE TO CLIENT

 

Person Contacted: Mr. Doshiba Gautm, President and Owner.  He verified and updated the information presented to him.

 

Please note that the Company has no employees.

 

 

LEGAL

 

Legal Form:                               Corporation – Private

Since (D/M/Y):                           20/03/2001

State/Province of Incorporation:   NY

Status:                                                  ACTIVE

Previous Legal Form:

 

Company is NOT required to publish an annual financial report.

 

The Company incorporated in New York under the following registration:

 

Current Entity Name:      GLOBEX USA INC.

Initial DOS Filing Date:   MARCH 20, 2001

County:                         QUEENS

Jurisdiction:                   NEW YORK

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)

GLOBEX USA INC.

40 COLVIN AVENUE, SUITE 200

ALBANY, NEW YORK, 12206

Registered Agent

BUSINESS FILINGS INCORPORATED

40 COLVIN AVENUE, SUITE 200

ALBANY, NEW YORK, 12206

 

 

Managers/Key Personnel

 

Mr. Doshiba Gautm                      President

 

 

OWNERS

 

Mr. Doshiba Gautm                       %         Majority

 

The Company has no affiliates or subsidiaries.

 

 

BANKS

 

Bank Leumi

New York NY

Telephone: 305 792-4996

Facsimile: 305 377-6542

Account Number: 0545499901

Account Manager:

 

Mr. Gautm would not provide a signed authorization for a credit information.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  07-03 00-00 0000000 200      200      100 0   0   0   0   CUST 11 YR

 BANK       07-02 06-11 CONTRCT 35000    0        0   0   0   0   0   CUST  1 YR

 

 OFFC SUPPL 07-01 00-02 CREDIT  3500     0        0   0   0   0   0   ACCTCLOSED

 PACKAGING  07-04 06-12 NET 30  600      0        0   0   0   0   0   CUST  4 YR

 AIR TRANS  06-11 00-00 NET 30  200      0        0   0   0   0   0   CUST  7 YR

 CELLUL/PAG 04-10 04-09 NET 30  100      0        0   0   0   0   0   CUST  2 YR

 GENERAL    05-02 04-09 NET 30  1100     1100     100 0   0   0   0   CUST  6 YR

 LEASING    06-06 00-00 CONTRCT 1800     0        0   0   0   0   0   CUST  2 YR

 OFFC SUPPL 06-02 01-09 NET 30  0        0        0   0   0   0   0   CUST  5 YR

 OFFC EQUIP 05-03 05-03 ROI     100      100      100 0   0   0   0   CUST  1 YR

 CURRENT QUARTER                39300    200      100 0   0   0   0

 

 

 Payment Trends

            INDUSTRY     BUSINESS        BALANCE  CUR 1-  31- 61-

 DATE      CUR    DBT       DBT             $      %  30  60  90  91+

 --------  ---    ---       ---          -------- --- --- --- --- ---

 20070400  0      7         0            200      100 0   0   0   0

 20070300  0      7         0            100      100 0   0   0   0

 20070200  0      8         0            100      100 0   0   0   0

 20070100  0      5         0            100      100 0   0   0   0

 20061200  0      5         0            200      100 0   0   0   0

 20061100  0      4         0            300      100 0   0   0   0

 

 Payment History - Quarterly Averages

                                         BALANCE  CUR 1-  31- 61-

 QUARTER  YEAR              DBT             $      %  30  60  90  91+

 -------- ------            ---          -------- --- --- --- --- ---

 First    2007              0            100      100 0   0   0   0

 Fourth   2006              0            200      100 0   0   0   0

 Third    2006              0            200      100 0   0   0   0

 Second   2006              0            0        0   0   0   0   0

 First    2006              0            0        0   0   0   0   0

 

 

FINANCIAL INFORMATION

 

FINANCIAL FIGURES

 

Year-End (D/M/Y):               31/03/2006         31/03/2006         31/03/2006

                                           Consolidated

Sales / Revenues                    1,200                      -                         -    

 

Due to company policy, Mr. Gautm would not provide financial statement information for this report.  He did state net sales for March 31, 2006 were approximately US$1.2 Million and 2007 net sales are between US$1.2 and 1.3 Million.

 

 

CURRENT OPERATIONS

 

NAICS Code:   42194     Jewelry, Watch, Precious Stone and Precious Metal

SIC Code:     5094

 

Number of Employees:                  

 

Business Activity:

The company is a wholesaler of diamond jewelry.  The company imports from India.  Distribution is domestic.

 

The heading address is the sole location of the company.  The facility consists of 500 square feet of leased office space.

 

 

PUBLIC RECORD

 

A search of public revealed the following action against the Company and no bankruptcy petitions. We could not determine the status of the action at this time.

 

Name Searched: GLOBEX USA INC.

Amount: $ 1,067

Creditor: NYS TAX COMMISSION

Debtors: GLOBEX USA INC

40 COLVIN AV 200

ALBANY, NY 12206

Docket Number: X0627630

Filing Date: 9/26/2006

Type: JUDGMENT

 

 

GENERAL COMMENTS

 

Globex USA Inc., founded in New York in 2001, is engaged as an importer and wholesaler of diamond jewelry.  The payment record was generally satisfactory and the operating history is clear.  One action was found against the Company, however, no bankruptcy information was reported or noted.  The Company is 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

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

 

 

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