MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
DANNY S.MESSING CO., INC. |
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Registered Office : |
579 5th
Avenue, Suite 1010, New York, NY 10017 |
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Country : |
United States |
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Date of Incorporation : |
26.01.1981 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Full Service Loose Diamond and Jewelry Company |
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 : |
No Complaints |
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Litigation : |
Clear |
Company name
DANNY S.MESSING CO., INC.
Address
579 5th Avenue, Suite 1010, New York, NY
10017 – USA
Telephone : 212-223-4028
Fax : 212-223-4078
Website : www.dannymessing.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 01-26-1981 - - Daniel S. MESSING |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
The Danny S. Messing Co. was established in 1978 in New York. DANNY S. MESSING INC. is a full service loose diamond and jewelry
company with three generations of experience in the diamond field. Imports from Bombay, Tel-Aviv, and Antwerp. 8 |
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Operations & branches: |
At above address, we find
a store and office, on 1,200 sq. feet, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Danny S. MESSING is the President
and CEO. As far as we know, he is
they are 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 USD 1,900,000=
The business is said to be
profitable.
Banks
Republic National Bank of
New York
452 5th Avenue
New York, NY 10018
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 New York State,
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, 92% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 5 days beyond
terms.
The Company is improving
its payments, but the cash remains low, due to high inventories and bad
conditions of the market.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
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.44.89 |
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UK Pound |
1 |
Rs.78.86 |
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Euro |
1 |
Rs.63.33 |
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%)