MIRA
INFORM REPORT
|
Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ROSY GLUE
TRADING INC. |
|
|
|
|
Registered Office : |
529 Fifth Avenue, New York, NY 10017 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
01.26.2007 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
Importer and Wholesaler of Diamonds |
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 name
ROSY GLUE TRADING
INC.
Address
529 Fifth Avenue,
New York, NY 10017 – USA
Telephone : 212-687-8838
Fax : 212-856-9835
Website : www.rosyblue-ny.com
summary
|
Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York State does not issue organizational identification number. New York State Corporation – Profit 01-26-2007 - - Dipu MEHTA |
ACTIVITIES & OPERATIONS
|
Business Staff: |
The Company is importer and wholesaler of diamonds. Imports mainly from Belgium and the Netherlands. 2 |
|
Operations & branches: |
At above address, we find an office on lease. |
SHAREHOLDERS & MANAGERS
|
Shareholders : |
ROSY BLUE, INC. Located at the same address Corporation – Profit incorporated on March 21st, 1990 Ultimate parent company: Rosy Blue NV, Ph: 32 (03)206 16 00 Fx: 32 (03)206 16 01 With offices, factories and stores in 15 countries, 15,000 employees and $1.7bn in
sales, Rosy Blue is firmly established across the value chain and in all
major diamond and jewelry centers globally. |
|
Management : |
Dipu MEHTA is the Manager. He is also the President and CEO of ROSY BLUE INC. |
FINANCIALS
In United States, privately held corporations are not required to
publish any financials.
On a direct call, nobody accepted to answer our questions.
We sent a fax but no answer was received.
However, consolidate sales including the parent company is in the range
of
USD 15,000,000=
The business is profitable
Banks
ABM AMRO BANK
LEGAL FILINGS
|
Legal
filings & complaints : |
As of today date, there is no legal filings pending with the District Courts. |
||||||||||||||||||||||||
|
Secured
debts summary (UCC) : |
|
MARKET ANALYSIS & FORECAST
In the State of New York, during the year 2007:
- 52% of the corporations in same branch were developing the business on
a low risk of late payment,
- 40%, on a medium risk, and
- 8% on a high risk of late
payment.
- 92% of them saw sales stable versus last 3 years
- 4% declining
- 4% growing
A high percentage of late payment may indicate that companies in this
industry are experiencing cash flow problems, that suppliers generally accept
late payment as part of doing business, or that on-time payment is not
customary in this industry.
Companies entering such markets should not expect to be paid on time.
The market appears to be stable.
COMPANY CREDIT HISTORY
According to our credit analysts, during the last 6 months, 92% of trade
experience indicates a regular payment.
Payments of imports are currently made on terms.
The bank and financial institutions confirmed a regular credit history.
The risk is low.
Our opinion:
A business connection may be conducted.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.38 |
|
UK Pound |
1 |
Rs.61.34 |
|
Euro |
1 |
Rs.64.55 |
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%)