MIRA
INFORM REPORT
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Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
TACHE USA, INC |
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Registered Office : |
44-40 11th Street, Long Island City, NY 11101 |
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Country : |
United States |
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Date of Incorporation : |
24.03.1961 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales
Precious Stones and Jewellery |
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: |
Tache USA, Inc. Dba Tache Diamonds |
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Address: |
44-40 11th
Street, Long Island
City, NY 11101, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (718) 392-0774 + 1 (718) 706-8989 NA New York Victor Weinman, President |
Date founded: |
March 24, 1961
Corporation for Profit N.A. N.A. 120 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales
precious stones and jewellery. |
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BANKS
ABN AMRO BANK
BUSINESS
Business & Operations:
Tache USA, Inc. also does
business as Tache Diamonds.
Tache USA, Inc. wholesales
precious stone and jewellery.
The company has a variety
of in-house designer, helping the enterprise to develop:
- European style jewellery,
- American style jewellery,
- Chinese style jewellery
- Indian style jewellery.
The company is operating in
12 countries on the 5 continents and provides diamonds which fit international
requirements.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Victor Weinman, President,
Joseph Tache, Chairman.
William Lawrence, Chief
financial Officer.
They are also among the
main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company, Tache
USA, 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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10,100,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing
Filing Number: 0602165162616
Filing Date: 02-16-2006
Original Filing Date: 05-16-2001
Filing Expiration
Date: 05-16-2011
Filing Location: SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY NY 12210
Filing Type: CONTINUATION
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Secured Party: ABN AMRO
BANK N.V., AS AGENT
Address: 680 FIFTH AVENUE
NEW YORK NY 10166
Secured Party: ABN AMRO
BANK N.V., AS AGENT
Address: 565 FIFTH AVENUE, 25TH FLOOR
NEW YORK NY 10017
Debtor: TACHE' USA INC.
Address: 44-40 11TH STREET
LONG ISLAND CITY NY
Debtor: DESIGNWORKS JEWELRY
GROUP LTD.
Address: 44-40 11TH STREET
LONG ISLAND NY 11101
Debtor: ODI, INC.
Address: 44-40 11TH STREET
LONG ISLAND CITY NY 11101
Debtor: ORIGINAL DESIGNS
INC.
Address: 44-40 11TH STREET
LONG ISLAND CITY NY 11101
RATING
Local credit bureau gave a
correct credit rate.
The Company is in “good
standing”.
This means only that all
local and federal taxes were paid on due date.
Payments are made on a
regular basis.
The cash is correct.
Our final opinion:
This is medium business
working worldwide.
The company presents
correct financial figures comparing to its size.
A credit line may be
considered.
A business connection may be
conducted.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
No Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
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%)