MIRA INFORM REPORT

 

 

Report Date :

22.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

suberi brothers llc

 

 

Registered Office :

902 Broadway, 14th Floor New York, New York, 10010

 

 

Country :

United States

 

 

Date of Incorporation :

18.02.2004

 

 

Com. Reg. No.:

3014336

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Jewelry Manufacturers

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular 

 

 

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Suberi Bros

Address in the order:

902, Broadway, New York, Ny 10010

 

 

Legal Name:

suberi brothers llc

Trade Name:

GABRIELLE DIAMOND, Glenn Roberts, Sebastian Saint

Legal Address

902 BROADWAY, 14TH FLOOR

NEW YORK, NEW YORK, 10010

USA

 

 

Telephone:

212-979-9100

Registration Number :

3014336

Fax:

212-979-5331

Legal Form:

Limited Liability Company

Email:

N.A.

Registered in:

New York

Website:

N.A.

Date Created:

1978

Manager:

Ross Markman, Owner

Date Incorporated:

FEBRUARY 18, 2004

Staff:

52

Stock:

N.A.

SIC Code :

5094

Value:

N.A.

Activity:

Jewelry Manufacturers

 

 

BANKS

 

Name of the Bank

VALLEY NATIONAL BANK, HSBC BANK USA

Location                                   

NEW YORK  NY


 

Name of the Bank

HSBC BANK

Location                                   

BUFFALO  NY

 

 

BUSINESS

 

HISTORY

 

Suberi Brothers, Llc was founded in 1978.

PRINCIPAL ACTIVITY

 

Suberi Brothers Llc, is a diamond and jewelry manufacturer and retailer based in USA.

 

 

Products/Services description:

 

The company sells diamond, colored stone, and gold jewelry as well as diamond fashion rings, semi-precious stones, earrings, gold chains and other related items.

Sales are:

 

Retail

Operations area:

 

National

The subject employs 52 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

902 BROADWAY, 14TH FLOOR

NEW YORK, NEW YORK, 10010 

 

Branches:

 

Suberi Brothers operate factories in both the United States and Thailand.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Ross Markman is the main shareholder.

Management:

 

Marvin Markman Principal

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data (estimates):

 

Currency

DATE

USD

2009

Turnover

6 400 000

 

Currency

DATE

USD

2008

Turnover

6,740,000

Operating Income

192,000

Net Income

101,000

Net worth

700,000

Liabilities

80,000

The cash flow is

medium

 

 

Legal Fillings

 There are several 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

 

Local credit bureau gave a medium credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 Final Opinion

 

The company has 32 years of experience in the business.

 

It's a small size company with 52 employees. 

 

The revenue has decreased.

 

A credit line may be considered.

 

We suggest monitoring the evolution of the company within 9 months.

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Operator

Comments

 

She was not able to transfer our call or provide us with any information on grounds of confidentiality.

 

We left our contact information and are currently waiting for someone to return our call.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.70

UK Pound

1

Rs.72.78

Euro

1

Rs.61.65

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.