MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUBERI BROTHERS LLC |
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Registered Office : |
902 Broadway 14th
floor, New York, NY 10010 |
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Country : |
United States |
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Date of Incorporation : |
02.18.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures Precious Metal Jewelry, Fine jewelry,
Imitation Jewelry, Jewelry making Tools and Supplies |
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 : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
SUBERI BROTHERS LLC
Address
902 Broadway 14th floor, New York, NY 10010
– USA
Telephone : 212-979-9100
Fax : 212-979-5331
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York State does not
issue organizational identification numbers New York State LLC 02-18-2004 - - David MARKMAN |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
The U.S.
branch of LAXMI DIAMOND GROUP, one of India's largest sightholders, has
merged with New York's Suberi Brothers. The new
company, Suberi
Brothers LLC, will be headed by Suberi CEO Marvin Markman and utilize
all of the company's current top management. Manufactures precious metal jewelry Jewelry, Fine jewelry, Imitation
jewelry, Jewelry making tools and supplies 50 |
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Operations & branches: |
At above address, we find a workshop and office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is afamily owned and managed company. |
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Management : |
David MARKMAN is the
President and CEO. As far as we know, he is not
involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
Sales declared for year
2007 is in the range of USD 5,000,000=
The business is profitable.
Banks
HSBC Bank
New York, NY
LEGAL FILINGS
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Legal
filings & complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured
debts summary (UCC) : |
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MARKET
ANALYSIS & FORECAST
In the State of New York ,
during the year 2007:
- 52% of the corporations
in same branch were developing the business on a low risk of late payment,
- 40%, on a medium risk,
and
- 8% on a high risk of late payment.
- 92% of them saw sales
stable versus last 3 years
- 4% declining
- 4% growing.
A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry.
Companies entering such
markets should not expect to be paid on time.
The market appears to be
stable.
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions
The risk is low.
Our opinion:
A business connection may be
conducted.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)