MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIMPLEXDIAM INC. |
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Registered Office : |
20 E 46th Street Room 1101,
New York, NY 10017 |
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Country : |
United States |
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Date of Incorporation : |
18.10.1983 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Diamonds and
Precious Stones |
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 |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
SIMPLEXDIAM INC. |
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Address: |
20 E 46th
Street Room 1101 New York,
NY 10017 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 883-0888 + 1 (212) 883-9532 874751 New York Yogesh K. Madvani,
President |
Date founded: |
Oct 18,
1983
Corporation for Profit N.A. 20 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesales diamonds and precious stones |
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BANKS
Bank Leumi Trust Company
BUSINESS
Business & Operations:
Simplexdiam Inc. is a private company located in New York. Simplexdiam
Inc's line of business is wholesaler of jewelry and precious stones.
The company is specialized in the following items:
-Wholesales jewelry,
-Watches and precious stones Jewelry,
-Fine jewelry,
-Imitation jewelry,
- Jewelry making tools and supplies.
Simplexdiam, Inc. was founded in 1983 with a focus to deliver and
provide quality and on time delivery. The company is focusing on the latest
trends.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Yogesh K. Madvani,
President,
Akshay Shay, Manager.
They are also two of the
main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Simplexdiam Inc. does not publish any
financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
25,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2005 by
Bank Leumi Trust Company. Security
& Amount: NA
All previous UCC Filings
have been cleared.
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in the worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.30 |
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UK Pound |
1 |
Rs.86.13 |
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Euro |
1 |
Rs.68.72 |
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%)