MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Name : |
MILANO DIAMOND GALLERY LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.08.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Jewelry Store |
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 : |
Moderate |
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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 – 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: |
Milano Diamond Gallery LLC |
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Address in the order: |
747, |
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Legal Name: |
Milano Diamond Gallery LLC (Milano Diamond
Gallery) |
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Trade Name: |
Milano Diamond Gallery |
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Legal Address |
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Operative Address |
747, |
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Telephone: |
+1 (516) 487-0202/+1 (212) 819-0215 |
ID : |
4717771 |
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Fax: |
+1 (516) 487-6969 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
1994 |
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Manager: |
Harish Jhanwar. Store Manager |
Date Incorporated: |
August 06 2009 |
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Staff: |
1700 (at group level) |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Jewelry Store |
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BUSINESS
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HISTORY |
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This company was created in the year 1994 |
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PRINCIPAL ACTIVITY |
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The subject company is a retail store engages in the commercialization
of fine jewelry. |
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Products/Services description: |
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Rings, Earrings, Pendants, Bracelets. |
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Sales are: |
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Retail |
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Brands: |
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Escada Fireburst Hello Kitty Honora House of |
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Clients: |
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general clientele |
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Suppliers: |
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Timothy Pasha |
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Operations area: |
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National, International, Local |
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The company imports from Europe ( |
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The company export to |
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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 747, |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has branches at: 460 Broadway |
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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Harish Jhanwar. Store Manager |
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Related Companies: |
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Milano Jewelry Milano Watches Milano Brothers |
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 store manager who
refused to provide us any financial data on grounds of confidentiality. |
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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. 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 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 large sized As we could not obtain any financial
figure, then we strongly recommend working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Representative |
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Position |
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Receptionist |
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Comments |
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Refused to provide us with 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.45.59 |
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1 |
Rs.72.31 |
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Euro |
1 |
Rs.60.73 |
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 |
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NB |
New Business |
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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.