MIRA
INFORM REPORT
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Report Date : |
18.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
EYAL, R.D. GEMS CORP. |
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Registered Office : |
135 Cutter Mill
Rd, Great Neck Ny 11022 |
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Country : |
United States |
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Date of Incorporation : |
1975 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer of Diamonds and Manufacturer of Jewelry. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company
Name: EYAL,
R.D. GEMS CORP.
Trade
Name:
Address: 135 CUTTER
MILL RD
City: GREAT
NECK
Founded (D/M/Y): 1975
State/Province: NY
Zip
Code: 11022
Sales / Revenue: -
Country: UNITED
STATES
Net Income:
Telephone: 516 466-0035
Total Equity:
Facsimile: 516 466-1350
Number
of Employees: 10
URL www.eyalcorp.com
Legal
Form: Corporation
- Private
Shareholder:
Business
Activity: The
Firm is an importer of Diamonds and manufacturer of jewelry.
NOTE TO CLIENT
Person Contacted:
Ms. Ilana, Secretary.
Ilana declined to provide her last name,
however confirmed the information in this report. A request for further details
was sent via fax to Mr. Albert Kallati, President.
NOTE: The provided name; EYAL R D CORP is
incomplete. The Firm's complete name is EYAL, R.D. GEMS CORP.
LEGAL
Legal Form: Corporation
- Private
Incorporation
State NY
Status: ACTIVE
Since (D/M/Y): 21/07/1988
The company is NOT
required to publish an annual financial report.
The Firm is registered in New York under the following:
Current Entity Name : EYAL, R.D. GEMS CORP.
Initial DOS Filing Date : JULY 21, 1988
County : NASSAU
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process
EYAL, R.D. GEMS CORP.
120 C STATION RD, GREAT NECK, NEW YORK, 11023
Registered Agent: NONE
MANAGERS / KEY PERSONNEL
Mr. Albert Kallati President & CEO
AFFILIATES
Company Name: KALLATI JEWELRY
Address:
City:
State/Province:
Zip Code:
Country: INDIA
Telephone:
Facsimile:
BANKS
Management
declined to provide the name of the Firm's primary bank, however CITIBANK, N.A.
was mentioned as a secured party for financing.
PAYMENT HISTORY
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BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61- |
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CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS |
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---------- ----- ----- ------- -------- -------- --- --- --- --- --- -------- |
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AIR TRANS 07-11 07-11 0000000 400 200 100 0 0 0 0 CUST 6 YR |
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BLDG MATRL 07-12 06-08 CREDIT 5700 0 0 0 0 0 0 |
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COMPUTERS 07-12 00-00 CREDIT 0 0 0 0 0 0 0 |
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PACKAGING 07-12 00-00 NET 30 100 0 0 0 0 0 0 CUST 1 YR |
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TELECOM 07-12 00-00 NET 30 1800 1800 29 38 29 4 0 |
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AIR TRANS 06-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 2 YR |
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CRED CARD 07-12 07-11 CREDIT 3400 1800 100 0 0 0 0 SATSFTRY |
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CURRENT QUARTER 8000 2000 36 34 26 4 0 |
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Payment Trends |
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INDUSTRY BUSINESS BALANCE CUR 1- 31- 61- |
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DATE CUR DBT DBT $ % 30 60 90 91+ |
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-------- --- --- --- -------- --- --- --- --- --- |
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20071200 0 4 8 1400 60 35 5 0 0 |
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20071100 0 4 9 1300 42 58 0 0 0 |
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20071000 0 4 0 700 100 0 0 0 0 |
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20070900 0 4 1 800 92 8 0 0 0 |
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20070800 0 4 1 1300 95 5 0 0 0 |
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20070700 0 4 3 1100 81 19 0 0 0 |
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Payment History - Quarterly Averages |
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BALANCE CUR 1- 31- 61- |
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QUARTER YEAR DBT $ % 30 60 90 91+ |
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-------- ------ --- -------- --- --- --- --- --- |
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Fourth 2007 12 1600 46 41 12 1 0 |
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Third 2007 1 900 95 5 0 0 0 |
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Second 2007 2 900 89 11 0 0 0 |
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First 2007 2 1000 84 16 0 0 0 |
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Fourth 2006 5 1100 69 31 0 0 0 |
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FINANCIAL INFORMATION
Ms. Ilana declined to provide financial
statements or annual sales, therefore the Firm's condition could not be
evaluated. A written inquiry was sent via fax to Mr. Kallati, if he responds
the report will be updated at that time.
An outside source reported the Firm having
sales in the US$ 10-15 million range, however this information could not be
confirmed at this time.
CURRENT OPERATIONS
SIC Code: 5094
NAICS Code: 42194
Jewelry, Watch,
Precious Stone and Precious Metal Wholesalers
Number of Employees: 10
Business Activity:
The Firm is an
importer of Diamonds and manufacturer of jewelry.
The Firm imports
Diamonds from its' sister company in India for use in its fine jewelry. The
Firm also offers gemstone such as rubies, emeralds and sapphires.
The Firm inventory
includes: bracelets, earring, necklaces, rings, anklets and pendants.
The heading address is the Firm's sole location and consists of leased
office space and manufacturing facilities.
PUBLIC RECORD
DEBTOR INFORMATION
Debtor(s): EYAL RD GEMS CORP.
138-18 HOOVER AVE.
BRIARWOOD, NY 11435
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): EUROPEAN AMERICAN BANK
COMMERCIAL LOAN DEPT., ONE EAB PLAZA
UNIONDALE, NY 11555-2726
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DEBTOR INFORMATION
Debtor(s): EYAL RD GEMS CORP.
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): CITIBANK, N.A. AS SUCCESSOR TO EUROPEAN AMERICAN BANK
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No judgements, tax liens or bankruptcy petitions were traced to the Firm.
COMMENTS
The Firm is a well established importer of Diamonds and manufacturer of jewelry.
The payment record is satisfactory. No judgements, tax liens or bankruptcy
petitions were traced to the Firm. The Firm is considered responsible for normal
trade relations.
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%)