MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HEERA MOTI
INCORPORATED |
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Registered Office : |
15 West 47th Street #808, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
16.03.1987 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Wholesaler of Jewelry 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 |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name :
HEERA MOTI INCORPORATED
Address : 15 WEST 47TH STREET
#808
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 764-1600
Facsimile : 212 764-0007
Legal Form : Corporation - Private
Website : www.heeramoti.com
Business Activity : The Firm is engaged as a wholesaler
of jewelry and precious stones. Products include:
Anklets, Bangles, Bracelets, Cuff Links, Earrings, Men's Bracelets,
Men's Rings,
Necklaces, Sliders, and Women's Rings.
As of : --
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 17
NOTE TO CLIENT
We called the Company
and spoke with a Manager at the company (no name or title given) who provided
very general information, before deferring all other information to a written
request to Mr. Jay Sadwani, VP of Finance, via facsimile.
Please note that we did
send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time. Some of the
information in this report was not confirmed by management.
LEGAL
Legal Form : Corporation -
Private
Since (D/M/Y) : 16/03/1987
State/Province of
Incorporation : NY
Status : ACTIVE
Previous Legal Form : --
Company is NOT required
to publish an annual financial report.
Current Entity Name : HEERA MOTI INCORPORATED
Initial DOS Filing Date : MARCH 16, 1987
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC
BUSINESS CORPORATIO
Current Entity Status : ACTIVE
Selected Entity Address
Information DOS Process (Address to which DOS will mail process if accepted on
behalf of the entiy
C/O XL CORPORATE
SERVICES
62 WHITE ST.
NEW YORK, NEW YORK,
10013
Registered Agent NONE
Managers/Key
Personnel
Mr. Naresh Sadwani President
Mr. Jay Sadwani Vice
President - Finance
Ms. Pam Shadweni Director
AFFILIATED ENTITIES
There are no known
affiliates or subsidiaries.
BANKS
HSBC Bank USA
1185 Avenue of the
Americas
New York
NY 10036
Telephone:
Facsimile: 212-575-0632
Account Number:
Account Manager:
The above bank was
listed one the Subject's website. However it was not confirmed by management.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 07-03 00-00
0000000 7600 3200 100 0
0 0 0 CUST 6 YR
BUS SERVCS 07-06 00-00 NET 7
400 100 100 0 0
0 0
FINCL SVCS 07-06 00-00 CONTRCT 0 0 0 0
0 0 0 CUST 1 YR
COMPUTERS 06-09 00-00
0000000 1600 0 0
0 0 0 0 CUST
1 YR
GENERAL 05-01 04-08 NET
30 500 300 92 0
8 0 0 CUST 6 YR
LEASING 07-04 00-00
CONTRCT 13500 0 0
0 0 0 0 CUST
1 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0 0 0
0 0 0
CURRENT QUARTER
8000 3300 100 0
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20070600 0 13 0 3200 100 0
0 0 0
20070500 0 12 1 3200 97
0 3 0 0
20070400 0 12 0 3300 100 0
0 0 0
20070300 0 12 2 11900 91
8 0 0 1
20070200 0 7 2
11900 91 8
0 0 1
20070100 0 4 2 11900 91
8 0 0 1
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ %
30 60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
First 2007 2 9000 92 7
0 0 1
Fourth 2006 3 7600 94 4
0 0 2
Third 2006 14 1800 86
0 1 2 11
Second 2006 4 3300 96 0
0 0 4
First 2006 6 5000 91 4
0 0 5
FINANCIAL INFORMATION
The Company was forwarded
a fax requesting financial information. Currently we have not received a
response.
CURRENT OPERATIONS
NAICS Code :
42194 Jewelry, Watch,
Precious Stone and Precious Metal
SIC Code :
5094
Number of Employees
17
Business Activity
The Firm is engaged as
a wholesaler of jewelry and precious stones. Products include: Anklets,
Bangles, Bracelets, Cuff Links, Earrings, Men's Bracelets, Men's Rings,
Necklaces, Sliders, and Women's Rings.
The above location is
believed to be the headquarters and sole location of the Firm.
TRADE REFERENCES
Trade references could
not be obtained.
PUBLIC RECORD
Name Searched : HEERA MOTI
Debtor Address : HEERA MOTI, INC.
15
WEST 47TH STREET, NEW YORK
NY, NY 10036
Secured Parties : VALLEY NATIONAL BANK, MERCHANTS
BANK DIVISION
Filing Date : 10/18/2004
Filing Number : 0410185869003
Filing Type : INITIAL FILING
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Name Searched : HEERA MOTI
Amount : $ 5,260
Attorney : ANES FRIEDMAN ETAL
Creditor : FEDERAL EXPRESS CORP
Debtors : HEERA MOTI
INCORPORATED
15 W 47 ST 808
NEW YORK, NY 10036
Docket Number : 3710602
Filing Date : 1/27/2003
Type : JUDGMENT
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Name Searched : HEERA MOTI
Amount : $ 12,196
Attorney : JOEL COHEN
Creditor : AT AND T CORP
Debtors : HEERA MOTI INC
15 W
47 ST 808
NEW
YORK, NY 10036
Docket Number : 1759301
Filing Date : 9/25/2001
Type : JUDGMENT
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Name Searched : HEERA MOTI
Amount : $ 11,305
Attorney : COHEN AND COHEN
Civil Summons : CIVIL COURT OF THE CITY OF NEW
YORK - NEW YORK
AT AND T CORP v. HEERA
MOTI INC
Defendant : HEERA MOTI INC
15 W
47 ST
NEW
YORK, NY 10036
Docket Number : 1759301
Filing Date : 6/5/2001
Plaintiff : AT AND T CORP
Type : CIVIL SUMMONS
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Name Searched : HEERA MOTI INC.
Amount : $ 1,340.56
Creditor : NY STATE DEP'T OF
TAXATION & FINANCE
55
HANSON PLACE
BROOKLYN NY 11217
Debtors : HEERA MOTI
INCORPORATED
36 W 47 ST #1004A
NY
NY 10036
Docket Date : 08/28/1992
Docket Type : NY STATE TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31000463766
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There was no record of
the Firm filing for bankruptcy.
GENERAL COMMENTS
Incorporated in New
York in 1987, Heera Moti Inc. is engaged as a retailer of jewelry. The payment
record is satisfactory. Public shows statements of claims against the Company,
however the current status could not be determined. The Firm is considered responsible
for normal business transactions.
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/normal. |
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%)