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MIRA INFORM REPORT
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Report Date : |
07.08.2010 |
IDENTIFICATION DETAILS
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Correct Name : |
RAJIV NAYAR INC. (R N ENTERPRISES) |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.11.1987 |
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Legal Form : |
Corporation for
Profit |
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Line of Business : |
Jewelry Supplier |
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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of
Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
R N ENTERPRISES |
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Address in the
order: |
576, |
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Legal Name: |
RAJIV NAYAR
INC. (R N ENTERPRISES) |
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Trade Name: |
R N ENTERPRISES |
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Legal Address |
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Telephone: |
+1 (212) 398-9410 |
ID : |
1216292 |
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Fax: |
+1 (212) 398-9410 |
Legal Form: |
Corporation for
Profit |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
NA |
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Manager: |
RAJIV NAYAR, President |
Date
Incorporated: |
NOVEMBER 12, 1987 |
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Staff: |
4 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Jewelry
supplier |
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BANKS
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Name of the
Bank |
HSBC BANK |
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Name of the
Bank |
ATLANTIC BANK
OF |
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Name of the
Bank |
LEUMI BANK |
BUSINESS
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PRINCIPAL
ACTIVITY |
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Jewelry
Supplier |
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Products/Services
description: |
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The company
offers products like: Bracelets Rings Earrings Among others... |
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Operations
area: |
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National |
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The subject employs
4 employee(s) |
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PAYMENTS |
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made on a 60
days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is
headquartered at: |
Shareholders - Manager - Related Companies
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Shareholders
Parent Company(ies): |
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This is a
private company and the main shareholder is RAJIV NAYAR |
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Management: |
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RAJIV NAYAR,
President ANITA NAYAR, VP |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private
company the subject does not publish any financial statements. |
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We tried to
contact Mr. RAJIV NAYAR but he was not available to take our call. |
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However our
financial sources could provide us with the following data (estimates): |
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Currency |
DATE |
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USD |
2009 (approximately) |
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Turnover |
680,000 |
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The cash flow is |
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Legal Fillings |
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There are 2 UCC files listed with the
Secretary of State of New York. There are no legal
filings listed with the District Court. For
information: The Uniform
Commercial Code (UCC) is one of a number of uniform acts that have been
promulgated in conjunction with efforts to harmonize the law of sales and
other commercial transactions in all 50 states within the The UCC deals
primarily with transactions involving personal property (movable property),
not real property (immovable property). It allows a
creditor to notify other creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform
Commercial Code Bureau files and maintains on financial obligations (including
IRS liens) incurred by individuals (in business as a sole proprietor),
business entities and corporations. |
Rating
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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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Final Opinion |
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This is a small sized company with 4 employees. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.02 |
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1 |
Rs.73.21 |
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Euro |
1 |
Rs.60.70 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.