MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
ROYAL INDIA USA INC. |
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Registered Office : |
10, West,46th Street, 7th Floor New York, NY-10036-4500 |
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Country : |
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Date of Incorporation : |
11.03.1995 |
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Legal Form : |
For Profit Corporation |
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Line of Business : |
Wholesaler
and Exporter of 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: |
Royal India USA Inc. |
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Address: |
10, West,46th
Street, 7th Floor NY-10036-4500 |
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Phone: Facsimile: ID: State: Managers: |
+1-212-616-7661 +1-212-616-7666 NA SHARDA KOTAHWALA, President and CEO |
Date founded: |
11/03/1995 For Profit Corporation NA NA 3 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Jewellery
wholesaler and exporter. |
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BANKS
CHASE BANK
BUSINESS
Operations:
Royal India USA Inc
operates as a jewellery, watches, precious stones, and precious metals exporter
and wholesaler.
They export to 30 countries.
Its operations are conducted from owned facilities measuring 2,500 sq. ft.
Way of payments:
38 Days
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The parent company is ROYAL
INDIA located in Jaipur.
It is held by the KOTAHWALA
Family.
The Chairman and Chief
Executive Officer is SHARDA KOTAHWALA.
HARIDAS KOTAHWALA and
VISHAL KOTAHWALA are also involved in the management.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Subject is a privately-held Corporation and as such is not required to
disclose financial information.
Sales for 2007 are estimated to USD 4 Million
TURNOVER 2007:
4.05 M
OPERATING PROFIT:
388 000
RESULTAT NET: 290 000
NET WORTH: 560 000
LIABILITIES: 70
000
CASH: LARGE
PAYMENT: 40 DAYS
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
The company is not a large active seeker of open-term credit and generally
pays vendors as per agreed terms.
The company has a clear and positive legal record.
A Credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Good Low Correct |
PUBLIC PAYMENTS |
See Details Above As Agreed |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.29 |
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1 |
Rs.80.40 |
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Euro |
1 |
Rs.63.35 |
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%)