MIRA
INFORM REPORT
|
Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HEERA MOTI INCORPORATED |
|
|
|
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Registered Office : |
XL Corporate Services 62 White Street, New York, NY 10013 |
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|
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Country : |
United States |
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|
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Date of Incorporation : |
16.03.1987 |
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|
Legal Form : |
Corporation - Profit |
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|
|
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Line of Business : |
Importer and Wholesaler
of Jewelry, Diamond and Precious Stones. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
No Complaints |
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|
|
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Litigation : |
Clear |
Company Name
HEERA MOTI INCORPORATED
Company acronym:
--
Contact Information
|
Address |
15 W. 47th Street, Suite 808 New York, NY 10036 USA |
|
Telephone |
212-764-1600 |
|
Fax |
212-764-0007 |
|
Website |
www.heeramoti.com |
Registration Data
|
Date of Registration |
03-16-1987 |
|
Registration number |
New York State does not issue organizational ID number |
|
Legal address |
XL Corporate Services 62 White Street, New York, NY 10013 - USA |
|
Legal Form |
Corporation - Profit |
|
Share Capital |
- |
|
Other Registration Data |
- |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Naresh SADHWANI |
100 |
Board/Executive
|
Name |
Naresh SADHWANI |
|
Position within the company |
President and CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and wholesaler
jewelry, diamond and precious stones.
Staff
|
Number of staff employed |
10 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe, Far East |
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Exports To |
- |
Facilities
|
Rented |
Office, warehouse and store |
|
Premises Size |
2,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Branches
|
Address |
- |
Bankers
|
Bank |
HSBC Bank |
|
Address |
1185 Avenue of the Americas, New York, NY 10036 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Declared |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
2,300,000 |
Reporter Comments
|
Comments |
No information could be obtained from the Company. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Low
Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 94% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 days
beyond terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.76 |
|
UK Pound |
1 |
Rs.74.87 |
|
Euro |
1 |
Rs.60.81 |
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 |
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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 |
|
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%)