MIRA INFORM REPORT
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Report Date : |
20.04.2011 |
IDENTIFICATION DETAILS
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Name : |
MY DIAMONDS LLC |
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Registered Office : |
6 East 45th Street, Suite 1301, New York, New York, 10017 |
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Country : |
United States |
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Date of Incorporation : |
20.04.2007 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Jewellers' Material and Lapidary Work Manufacturing. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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United States |
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: |
MY Diamonds |
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Address in the order: |
6 East, 45th Street Suite 1301, NY 10017 New York |
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Legal Name: |
MY DIAMONDS LLC |
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Legal Address |
6 EAST 45TH STREET, SUITE 1301, NEW YORK, NEW YORK, 10017 |
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Telephone: |
+1 (212) 867-05 05 |
Document Number : |
3506321 |
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Fax: |
+1 (212) 867-05 05 |
Legal Form: |
Limited Liability Company |
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Email: |
NA |
Registered in: |
New York |
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Website: |
Date Created: |
2007 |
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Manager: |
Gabi Hecker, Sales manager |
Date Incorporated: |
April 20th, 2007 |
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Staff: |
07 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewellers' Material and Lapidary Work Manufacturing. |
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BANKS
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Name of the Bank |
BANK OF LEUMI USA |
BUSINESS
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HISTORY |
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My Diamond is a private company founded in 2007 and based in New York |
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PRINCIPAL ACTIVITY |
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The company is working as a Jewellers' Material and Lapidary Work
Manufacturing. They are also cutting and polishing diamonds. The subject is also doing business as My Diamond Jeweler. |
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Products/Services description: |
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The company offers a full portfolio of Jewelry. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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Retailers and General Public |
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Operations area: |
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National |
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The company imports from India |
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The company does not export |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 07 employee(s) |
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PAYMENTS |
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To Be Monitored. |
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LOCATION |
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Headquarters |
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The company is headquartered at 6 EAST 45TH STREET, SUITE 1301, NEW
YORK, NEW YORK, 10017 |
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The property is: |
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Leased |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches we could not
identify the main shareholder. |
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Management: |
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Gabi Hecker, Sales Manager |
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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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
180,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are 2 UCC files listed with the Secretary of State of New York. 1. Filing Number: 1007285737493
Filing Date: 07-28-2010 Filing Jurisdiction: NEW YORK Filing Location: SECRETARY OF
STATE/UCC DIVISION 162 WASHINGTON AVE ALBANY NY 12210 Filing History: Filing Type
Filing Date INITIAL FILING 07-28-2010 TERMINATION 03-08-2011 Secured Party: LAZARE KAPLAN
INTERNATIONAL INC Secured Party Address: 19 W
44TH ST NEW YORK NY 10036- 5902 Debtor: MY DIAMONDS LLC Debtor Address: 6 E 45TH ST NEW YORK NY 10017- 2401 Collateral Description:
07/28/2010 1007285737493 - CONSIGNED MERCHANDISE AND PROCEEDS Collateral Count: 2.Filing Number: 0711140888616 Filing Date: 11-14-2007 Filing Jurisdiction: NEW YORK Filing Location: SECRETARY OF
STATE/UCC DIVISION 162 WASHINGTON AVE ALBANY NY 12210 Filing History: Filing Type
Filing Date INITIAL FILING 11-14-2007 TERMINATION 02-28-2011 Secured Party: LLD USA, LLC Secured Party Address: Secured Party: LLD USA, LLC Secured Party Address: 580 5TH
AVE STE 800 NEW YORK NY 10036- 4726 Debtor: MY DIAMONDS LLC Debtor Address: Debtor: MY DIAMONDS LLC Debtor Address: 6 E 45TH ST RM
1301 NEW YORK NY 10017- 2472 There are no legal filings listed with the District Court. THE COMPANY IS NOT LISTED ON THE OFAC LIST.* For information: * The Specially Designated Nationals (SDN) List is a publication of
OFAC which lists individuals and organizations with whom United States
citizens and permanent residents are prohibited from doing business. ** 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
United States of America. 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 low 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 7
employees and 4 years of experience. Looking at the company's turnover, we can
see that it cannot be considered fair for it size. The profitability is low and the length of
payment needs to be monitored. It is also important to recall, that this
is a Limited Liability Company, the company's failures will not affect the
owner's personal asset. At this time, we believe that the company
cannot bear any credit line without Guarantees. We suggest working with Caution! |
SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
TO BE MONITORED |
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Cash |
LOW |
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APPENDIX
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Comments |
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We tried to reach the company for several times, no one picked us up. We
left several voice messages; no one has returned our calls. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.68 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.53 |
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.