MIRA
INFORM REPORT
|
Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RAJVI INC. |
|
|
|
|
Registered Office : |
55 Queen Street, Suite 506,
Toronto, ON M5C 1R6 |
|
|
|
|
Country : |
Canada |
|
|
|
|
Date of Incorporation : |
15.12.1999 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Wholesales Diamonds and
Precious Stones |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
100 USD = 101.52 CAD Satisfying |
IDENTIFICATION
|
Company Name: |
Rajvi Inc. |
||
|
Address: |
55 Queen
Street, Suite 506, Toronto, ON M5C 1R6, Canada |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (416) 366-4666 + 1 (416) 366-4660 ON-0001391405 Ontario Hitesh Shah, Principal |
Date founded: |
Dec 15 , 1999
Corporation for Profit N.A. 77 employees |
|
Legal form: |
|||
|
Stock: |
|||
|
Staff: |
|||
|
Business: |
Wholesales diamonds and precious stones |
||
BANKS
HSBC
BUSINESS
Business & Operations:
Rajvi Inc. is a private company located in Ontario, Canada. Rajvi Inc's line of business is wholesaler of diamonds and precious stones.
Industry overview:
The US jewelry industry generates annual revenues of about $25 billion from
30,000 specialty stores. Large companies include Zale, Tiffany, and Sterling
Jewelers. The industry is fragmented: the top 50 jewelry chains hold less than
half of the market.
Jewelry sales depend partly on consumer income. Small jewelers can
effectively compete with large chains because price isn't the main factor
determining sales. Profitability depends on merchandising and effective
marketing. Average industry revenue per worker is about $160,000.
Jewelry is also sold in department and discount stores, and by mass
merchants. Because regular gross margins are very high, often 50 percent, mass
merchants have been able to cut prices and take market share. Wal-Mart is the
largest jewelry retailer in the US.
Jewelry is often classified as bridal merchandise (engagement, bridal
and anniversary rings - about 35 percent of the market); fashion jewelry
(rings, bracelets, earrings, pins, gold chains); and watches, silver flatware,
and other giftware. Diamond jewelry and loose diamonds account for the largest
share of total jewelry store sales (46 percent); gold jewelry for 11 percent;
colored gemstone jewelry (rubies, sapphires, emeralds, etc.) 9 percent; and
watches 4 percent.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
director of the company is:
Hitesh
Shah, Principal.
He
is also one of the main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Rajvi Inc. does not publish
any financial statement.
However
our financial sources could provide us with the following information:
|
Fiscal Year In CAD |
12/31/2007 |
|
Turnover |
101,000,000 |
|
Operating Profit |
7,000,000 |
|
Net Income |
6,400,000 |
|
Net Worth |
11,000,000 |
|
Liabilities |
4,000,000 |
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 PPSA Filings
RATING
Local credit bureau gave a good 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 30 days
basis (monitored during the past 12 months).
The cash is good.
Our final opinion:
This is a medium company
working worldwide.
A credit line may be
considered.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Sufficient Controlled Good |
PUBLIC PAYMENTS |
None Regular |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.54 |
|
UK Pound |
1 |
Rs.84.86 |
|
Euro |
1 |
Rs.66.95 |
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%)