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MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
MOTI GANZ ( |
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Registered Office : |
1200 Avenue of |
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Country : |
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Date of Incorporation : |
28.12.1999 |
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Legal Form : |
Corporation For Profit |
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Line of Business : |
Wholesale of Jewelry and
Diamonds. |
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: |
MOTI GANZ ( |
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Address: |
1200 Avenue of |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 302-0040 + 1 (212) 302-0005 N.A. Ilan Doran, President |
Date founded: |
Dec. 28, 1999 Corporation For Profit N.A. N.A. 7
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesale of jewelry and diamonds. |
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BANKS
BANK LEUMI
BUSINESS
Business & Operations:
MotiGanz (USA) Inc operates a jewelry store that sells rings, chains,
solitaire, bridal anniversary rings and related products.
Its parent company is the MotiGanz Group based in
MotiGanz has trademarked Elara diamond, one of the few diamonds in the
world to hold a
Elara is a perfectly square diamond developed on the model of a round
brilliant.
Diamonds are cut in
MotiGanz is located and incorporated in
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Ilan Doran, General Manager
MotiGanz
(
Jack Trishter, Sales
Manager,
Orly Samid, Marketing
Manager.
The parent company is:
MOTIGANZ
Yahalom Bldg.,
Tel: (972)-3-5752218
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a privately held company, MotiGanz (USA) Inc is not obliged to
publish financial information.
However our financial
sources provided us with the following figures.
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Fiscal Year USD |
12/31/2007 |
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Turnover
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1,440,000 |
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Operating
profit |
70,000 |
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Net
Income |
56,000 |
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Net
Worth |
180,000 |
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Liabilities |
65,000 |
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The turnover for the year 2006 was in the range of 1,300,000, the net
income was in the range of 50,000, liabilities 70,000 USD.
There is no active UCC
listed with the Secretary of State of New York.
A litigation search did not show any significant
legal actions in the name of the subject firm.
RATING
Local credit bureau gave a medium 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 medium.
Payments are made usually on 55 days net.
Our final opinion
This is a small business working on the nationwide markets.
The company has length of payment superior at the average.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Medium Controlled |
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.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)