MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIERRA DIAMONDS LIMITED, LTD. |
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Registered Office : |
1 Bridge Plz N Ste 1, Fort Lee, NJ 07024-7586 |
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Country : |
United States |
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Date of Incorporation : |
2007 |
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Legal Form : |
Limited Liability
Corporation |
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Line of Business : |
Wholesaler of Jewellery
and Precious Stones |
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 : |
New and Small Company |
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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: |
SIERRA DIAMONDS LIMITED, LTD. |
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Address: |
1 Bridge Plz N
Ste 1, Fort Lee, NJ
07024-7586, United
States |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (201) 944-0107 NA 0100978668 New Jersey NA |
Date founded: |
2007 Limited liability corporation N.A. 1 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Wholesaler of jewellery and precious stones |
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BANKS
NA
BUSINESS
Operations & Business:
Sierra Diamonds Limited, Ltd. is a private company located in Fort Lee,
New Jersey. Sierra Diamonds Limited, Ltd's line of business is wholesaler of jewellery and precious stones.
We
tried to call the company to get more information, but we were unable to reach
somebody.
Industry
Overview:
The
US jewellery industry generates annual revenues of about $25 billion from
30,000 specialty stores. Large companies include Zale, Tiffany, and Sterling Jewellers.
The industry is fragmented: the top 50 jewellery chains hold less than half of
the market.
Jewellery
sales depend partly on consumer income. Small jewellers 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.
Jewellery
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 jewellery
retailer in the US.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
This is an impersonal
company.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Sierra Diamonds Limited, Ltd. 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 |
150,000 |
There is no legal filling listed with the District Court.
There is no active UCC file listed with the Secretary of State of New Jersey.
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.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is an impersonal company working in the local market.
Nevertheless, we suggest caution, and eventually guarantees.
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 |
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%)