MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SIMON GOLUB & SONS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.07.1956 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry, Watch, Precious Stone, and Precious Metal Merchant
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Simon Golub & Sons Inc |
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Address in the order: |
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Legal Name: |
SIMON GOLUB & SONS INC |
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Legal Address |
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Mailing Address |
P.O. |
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Telephone: |
+1 (206) 762-4800 |
ID : |
578026198 |
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Fax: |
+1 (206) 767 6870 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1922 |
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Manager: |
Andrew Harris, President |
Date Incorporated: |
July 02, 1956 |
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Staff: |
125 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers. |
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BANKS
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Name of the Bank |
THE BANK OF NOVA |
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Name of the Bank |
FIRST BANK |
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Name of the Bank |
BANK OF |
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Name of the Bank |
ICICI BANK LIMITED, |
BUSINESS
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HISTORY |
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The company was created in 1922. |
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PRINCIPAL ACTIVITY |
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Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers. |
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Products/Services description: |
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Collections: Black & White Collection Diamonds: Diamond Essentials Diamond Fashion Pendants Anniversary Bands Earrings amongst other products |
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Sales are: |
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Wholesale |
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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 does not export |
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The subject employs 125 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 in: |
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Branches: |
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The company has another location at 2820 Se |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. It operates as a subsidiary of ASTRAL
HOLDINGS INC. Aditionally, ASTRAL HOLDINGS INC is a subsidiary of Shrenuj
& Company Ltd. ASTRAL HOLDINGS INC Phone: 206-762-4800 Toll Free phone number: 800-426-7125 Fax: 206-767-6870 Website Address: http://www.shrenuj.com E-Mail Address: customerservice@simongolub.com Shrenuj & Company Ltd. 405 Dharam Palace 100-103, N.S. Patkar Marg Mumbai-400 007, Tel: +91 (22) 6637-3500 Fax: +91 (22) 2263-2982 email: info@shrenuj.com www.shrenuj.com |
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Management: |
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Andrew Harris, President Daryl Shamitoff, Vice President Robert Hewett, Vice President Carol Harris, Vice President |
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Related Companies: |
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ASTRAL HOLDINGS INC Shrenuj & Company Ltd. |
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
(estimates): |
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Currency |
DATE |
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INR |
2009 (consolidated from mother company) |
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Turnover |
9,113,661,000 |
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Net Income |
132,610,000 |
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The cash flow is |
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Legal Fillings |
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There are 69 UCC files listed with the
Secretary of State of Washington. 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 medium sized |
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.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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.