MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALPS DIAM INC. |
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Registered Office : |
22 W 48th Street #1200 New York NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
23.08. 2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Diamonds and
Jewellery |
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 : |
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: |
ALPS
DIAM INC. |
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Address: |
22 W 48th Street #1200 New York NY 10036 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 626-7802 N.A. 2673823 New York Vaibhav Kothari, President |
Date founded: |
Aug 23, 2001
Corporation for Profit N.A. Employees: 2 |
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Legal form: |
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Value: |
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Staff: |
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Business: |
Wholesales diamonds and jewellery |
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BANKS
Bank of America
BUSINESS
Operations & Business:
Alps Diam Inc is a private company located in New York. Alps Diam Inc's line
of business is wholesaler of diamonds and jewelry.
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 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.
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
The
director of the company is:
Vaibhav Kothari, President.
He
is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Alps Diam Inc. 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 |
310,000 |
LEGALS
0 Suits
0 Judgements
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Security Filings
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 in the US.
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 |
None Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.59 |
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UK Pound |
1 |
Rs.74.55 |
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Euro |
1 |
Rs.60.57 |
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%)