MIRA INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
FREDERICK GOLDMAN INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
07.11.1962 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry manufacturing
and wholesalers |
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: |
Frederick Goldman Inc |
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Address in the order: |
154, |
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Legal Name: |
Frederick Goldman Inc |
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Legal Address |
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Telephone: |
+1 (212) 924-6767 |
ID : |
151880 |
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Fax: |
- |
Legal Form: |
Corporation for Pro fit |
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Email: |
- |
Registered in: |
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Website: |
Date Created: |
1940 |
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Manager: |
Jonathan Goldman, CEO |
Date Incorporated: |
November 7th, 1962 |
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Staff: |
15 |
Stock: |
3200 |
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Value: |
No Par Value |
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Activity: |
Jewelry manufacturing and wholesalers. |
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BANKS
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Name of the Bank |
REPUBLIC NATIONAL BANK OF NY |
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Name of the Bank |
FLEET NATIONAL BANK |
BUSINESS
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HISTORY |
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This company was created in the year 1940. |
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PRINCIPAL ACTIVITY |
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This company is categorized under a jewelry manufacturing company. |
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Products/Services description: |
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Rings Earings Diamonds Necklaces |
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Sales are: |
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Wholesale, Retail |
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Brands: |
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Tiffany Zale Richline Group |
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Clients: |
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General Clientele. |
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Suppliers: |
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Tiffany Zale Richline Group |
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Operations area: |
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National, Local |
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The company imports from |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at 154, West 14th Street, 6th Floor, |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders |
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Management: |
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Jonathan Goldman, CEO |
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 receptionist who refused to provide us any
financial data on grounds of confidentiality. |
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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 |
2010 |
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Turnover |
5,000,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
4 300 000 |
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Net Income |
192 000 |
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Liabilities |
100 000 |
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The cash flow is |
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Legal Fillings |
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There are 1000 UCC files listed with the
Secretary of State of New York. 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 ** 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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Frederick Goldman, Inc. is a well-established company, with large tradition,
with manufacturing resources in different countries. This company has been in
business for 71 years. It has a staff of 15 employees which makes it a small
sized company. There were no legal filings found against the company or its
legal representatives. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Receptionist |
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Comments |
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The female receptionist we spoke to refused to provide us with her
name and information due to confidentiality reasons |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.45 |
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1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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.