MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
GOYAL ENTERPRISES, INC. |
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Formerly Known as : |
GEMINI JEWELLERS INC |
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Registered Office : |
4836 Business Center Way Cincinnati, OH 45246 |
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Country : |
United States |
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Date of Incorporation : |
25.03.1991 |
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Com. Reg. No.: |
793046 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer, Wholesaler and Retailer of Jewelry. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
GOYAL ENTERPRISES, INC.
Company acronym: --
Contact Information
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Address |
4836 Business Center Way Cincinnati, OH 45246 USA |
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Telephone |
513-874-9303 |
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Fax |
513-777-3911 |
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Website |
www.goyal-enterprises.com |
Registration Data
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Date of Registration |
03-25-1991 |
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Registration number |
793046 |
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Legal address |
4836 Business Center Way Cincinnati, OH 45246 USA |
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Legal Form |
Corporation – Profit |
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Share Capital |
100 shares common at USD 1 par value |
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Other Registration Data |
Name changed from GEMINI JEWELLERS INC. on February 12, 1996. |
Shareholders
with Shares
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Shareholder Names |
Share% |
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This is a family owned and managed company |
100 |
Board/Executive
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Name |
Kavita GOAL |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities (realistic
and officials)
Importer, wholesaler and retailer jewelry.
Staff
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Number of staff employed |
10 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
Facilities
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Rented |
Store and office |
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Premises Size |
1,000 sq. feet |
Bankers
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Bank |
Bank of America |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Estimate |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
2,000,000= |
Reporter Comments
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Comments |
The business is well known in Cincinnati, OH. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 78% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 15 days
beyond terms. |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
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Euro |
1 |
Rs.65.56 |
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%)