MIRA
INFORM REPORT
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Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DYNAMIC DESIGN GROUP, INC. |
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Registered Office : |
22 West 48th
Street, Suite 1400, New York, NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
06.29.1995 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler
of Jewellers. |
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 : |
Regular |
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Litigation : |
Clear |
Company name
DYNAMIC DESIGN GROUP, INC.
Address
22 West 48th Street, Suite 1400, New York,
NY 10036 – USA
Telephone : 212-840-9400
Fax : 212-840-7737
Website : www.ddgny.com
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 Corporation – Profit 06-29-1995 - - Amit SANGHAVI |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Company is importer
and wholesaler of jewellers. 10 |
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Operations & branches: |
At above address, we find
a store and office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
SANGHAVI EXPORTS 502-Prasad Chambers, Opera House, |
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Management : |
Mr. Amit SANGHAVI is the
President and CEO. He is also the President
of sister companies (see below) |
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Subsidiaries & Partnership : |
Sister Companies include : Sanghavi Diamonds INC. Sanghavi Diamonds INC. |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of USD 10,000,000=
The business is said to be
profitable.
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, 96% of trade
experience indicates a regular payment.
Payments of imports are currently made on terms.
The Company maintains a
regular business.
The bank and financial
institutions confirmed a regular account.
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.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)