MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
DANNY S MESSING INC |
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Registered Office : |
579 5th Ave Rm 1010 New York, New York 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 for Profit |
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Line of Business : |
Diamond Dealer and Jewelry Manufacturers |
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 – 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: |
Dannys Messing Inc |
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Address in the order: |
579 Fifth Avenue, Suite No. 1010 New York Ny 10017, U.S. |
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Legal Name: |
Danny S Messing Inc |
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Legal Address |
579 5th Ave Rm 1010 New York, New York 10017 U.S. |
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Telephone: |
+1 (212) 223-4028 |
ID : |
675342 |
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Fax: |
+1 (212) 223-4078 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
Date Created: |
1978 |
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Manager: |
Danny S Messing, Owner |
Date Incorporated: |
January 26, 1981 |
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Staff: |
22 |
Stock: |
200 |
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Value: |
no par value |
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Activity: |
diamond dealer and jewelry manufacturers |
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BANKS
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Name of the Bank |
HSBC |
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Name of the Bank |
Anchor Savings Bank |
BUSINESS
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HISTORY |
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The company was established in 1978 in New York by Mr. Messing. |
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PRINCIPAL ACTIVITY |
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Jewelry Watch Precious Stone and Precious Metal Merchant. Diamond importers and resellers. |
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Products/Services description: |
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This company produces it's own Jewelry. Some products include: Bracelets Classic Diamond
Bracelets Fashion Diamond
Bracelets Red Carpet Diamond
Bracelets Vintage Diamond
Bracelets Gemstone Bracelets Men's Bracelets Bangle Bracelets Gold & Platinum Rings Wedding & Bridal Classic Solitaire
Engagement Rings 3-Stone Engagement
Rings Engagement Rings with
Side Stones Matching Bridal Sets Wedding &
Anniversary Rings Earrings Diamond Hoop Diamond Earrings Diamond Journey 3-Stone Diamond Diamond Studs Necklaces and Pendants Diamond Journey Pendants Fashion Diamond
Pendants 3-Stone Diamond
Pendants Classic Diamond
Necklaces Red Carpet Diamond
Necklaces Fashion Diamond
Necklaces |
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Sales are: |
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Retail |
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Clients: |
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General Clientele |
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Operations area: |
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National, Local |
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The company imports from Europe and Asia |
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The company does not export |
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The subject employs 22 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 579 5th Avenue # 1010 New York, NY 10017-8787, U.S. |
Shareholders -
Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company where Mr. Messing is the major
shareholder. |
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Management: |
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Danny S Messing, President Noemi Messing, 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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We have contacted the company but refused to provide us any financial
data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
8.000.000 |
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Legal Fillings |
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There are 4 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 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 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 medium sized company that has 22 employees and has been in business
for 30 years. There were no legal fillings found against the company or its legal
representatives, which makes it a more reliable company. The profitability is correct, and the cash flow is normal. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Michelle |
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Position |
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Operator |
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Comments |
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Said she would not provide information because she wasn’t authorized
to. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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.