MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ROSY BLUE, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21/03/1990 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged in the import and distribution of diamonds and jewellery. |
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 : ROSY BLUE, INC.
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 687-8838
Facsimile : 212 856-9828
Legal Form : Corporation - Private
Website : www.rosyblue.com
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 230
Business Activity : The Company is engaged in the import and distribution of diamonds and jewellery.
NOTE TO CLIENT
Mr. Nirad Dalal, Controller, confirmed all information in this report.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 21/03/1990
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
Entity Name : ROSY BLUE, INC.
Filing Date : MARCH 21, 1990
County :
Jurisdiction :
Entity Status : ACTIVE
NOTE:
Managers/Key Personnel
Mr. Ragin Mehta President
Mr. Nirad Dalal Controller
AFFILIATED ENTITIES
Rosy Blue Jewelry Inc. -
Rosy Blue NV -
Rosy Blue Hong Kong Ltd. -
Rosy Blue (
Rosy Blue Sales Ltd. -
Rosy Blue Ltd. -
Rosy Blue Trading (Pty) Ltd. -
Rosy Blue FZE -
Parent Companies
Parent Company: Inter Gold Gems Pvt. Ltd.
BANKS
ABN AMRO Bank
680
Telephone : 212 649-5132
Facsimile : 212 649-5149
Account Number :
Account Manager : Mr. Ned Koppelson, VP
We have contacted the bank who has not yet responded. In the event a response is received, the information will be forwarded on immediately. It is our experience that these requests could take several days before a response is received.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 06-11 0000000 18800
18800 82 18
0 0 0
CUST 11 YR
BUS SERVCS 07-01 00-00 VARIED 1700
700 100 0 0
0 0
COMPUTERS
07-01 05-07 CREDIT 10000 0
0 0
0 0 0
FACTOR
06-12 04-10 NET 30 15400 0
0 0 0
0 0
PACKAGING
06-11 00-00 NET 30 700 0
0 0 0
0 0 CUST
6 YR
AIR TRANS
05-12 00-00 NET 30 100 100
100 0 0 0
0 CUST 16 YR
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0 0 0 0
CELLUL/PAG 06-03 00-00 NET 30 400
0 0 0
0 0 0
CUST 1 YR
COMPUTERS
04-02 00-00 NET 30 0 0
0 0 0
0 0
LEASING
05-01 05-01 NOTE 33300 33300
100 0 0 0 0
OFFC SUPPL 06-08 98-02 CREDIT 0
0 0 0
0 0 0
ACCTCLOSED
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0
CUST 6 YR
CURRENT QUARTER 46600 19500
82 18 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20061200
0 7 3
19100 82
18 0 0 0
20061100
0 7 3 17200 87
9 4 0 0
20061000
0 7 4 15900 80
16 4 0 0
20060900
0 7 4 9500 87
7 6 0 0
20060800
0 8 3 17600 84
13 3 0 0
20060700
0 7 7 5100 86
1 12 0 1
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
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Fourth
2006 3 18700 84
15 1 0 0
Third
2006 4 14300 83
13 4 0 0
Second
2006 6 4700 83
6 11 0 0
First
2006 14 7600 61
16 20 3 0
Fourth
2005 2 1600 96
3 0 0 1
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: 230
Business Activity :
The Company is engaged in the import and distribution of diamonds and jewellery.
Diamonds and jewellery are purchased all over the world but
primarily are sold to distributors in the
The heading address is the Subject's sole location.
PUBLIC RECORD
Name Searched : ROSY BLUE INC.
Debtor Address : ROSY BLUE INC.
1180
AVENUE OF THE
ROSY BLUE INC.
Secured Parties : ABN AMRO BANK N.V.
Filing Date : 2/1/2005
Filing Number : 0502010159205
Filing Type : CONTINUATION
Original Filing Number : 95114363
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Name Searched : ROSY BLUE INC.
Debtor Address : ROSY BLUE INC.
Secured Parties : ANTWERPSE DIAMANTBANK N.V.
Filing Date : 10/15/2002
Filing Number : 02233218
Filing Type : INITIAL FILING
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Name Searched : ROSY BLUE INC.
Debtor Address : ROSY BLUE INC
Secured Parties : ABN AMRO BANK N.V. (SUCCESSOR BY MERGER TO ALGEMENE BANK
Filing Date : 3/13/2000
Filing Number : 00049198
Filing Type : CONTINUATION
Original Filing Number : 95114363
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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
ROSY BLUE, INC. is engaged in the import and distribution of diamonds and jewellery. The Subject's payment history is reported to be satisfactory. Management provided operating details but declined to provide financial information. We know the Company to be of good legal standing and are considered responsible for normal business transactions.
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. |
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%)