MIRA
INFORM REPORT
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Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIA DEB INTERNATIONAL INC. |
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Registered Office : |
587 5th Avenue,
3rd Floor, New York, NY 10017 |
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Country : |
United States |
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Date of Incorporation : |
16.12.1992 |
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Legal Form : |
Corporation for Profit |
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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 |
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: |
Dia Deb
International Inc. |
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Address: |
587 5th Avenue,
3rd Floor, New York,
NY 10017, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 750-5000 + 1 (212) 750-9811 1687741 New York Asher Rosan Zamir, President |
Date founded: |
Dec 16, 1992 Corporation for Profit N.A. N.A. 40
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales
jewelry and precious stones. |
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BANKS
HSBC
Republic National Bank of New York
BUSINESS
Business & Operations:
Dia Deb International Inc.
is a private company located in New York.
The company is a wholesaler of jewelry, precious stones diamonds, chalk,
graphite, dolomite, magnesite, asbestos, calcium, cryolite, leucite, nephelite,
steatite, talc, garnets, diatomaceous silica, Mica, Emery, Quartz…
The company is working worldwide.
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.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Asher Roshan Zamir, president,
Oren Dror, Chief Financial
Officer,
Yehuda Zamir, Vice
President.
They are also among the
main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, Dia
Deb International Inc. does not publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover
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6,600,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
2 UCC Filings in 2004 by
Republic Business Credit. Security
& Amount: NA
1 UCC Filing in 2004 by
Merchant Factors Corp securing
accounts. Amount: NA
1 UCC Filing in 2004 by
Summit Business Credit securing Inventory.
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.
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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 a small Company working on the global market.
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 |
See above Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.80.26 |
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Euro |
1 |
Rs.63.08 |
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%)