MIRA INFORM
REPORT
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Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
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Name : |
RM & SONS INC |
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Registered Office : |
30 W 47th St # 603 New
York, 10036 |
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Country : |
United States |
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Date of Incorporation : |
25.02.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry Manufacturer, Diamond Seller |
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 : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Comments on the rating:
A Credit line maybe
considered
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: |
R M & SONS INC |
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Address in the order: |
30 West, 47th Street,
Suite #603, New York, N.Y. 10036 |
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Legal Name: |
RM & SONS INC |
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Legal Address |
30 W 47th St # 603 New
York, 10036, USA |
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Telephone: |
+1 (212)-302-3424 |
ID : |
2349956 |
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Fax: |
+1 (212)-302-3425 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
www.richayjewelry.com (not able) |
Date Created: |
1998 |
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Manager: |
Ramesh Vora, President |
Date Incorporated: |
FEBRUARY 25, 1999 |
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Staff: |
4 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Jewelry manufacturer, Diamond seller. |
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BANKS
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Name of the Bank |
Wachovia Bank |
BUSINESS
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HISTORY |
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This company was created
in the year 1998. |
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PRINCIPAL ACTIVITY |
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This company is into Jewelry
manufacture and diamond business. |
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The company imports from India |
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The subject employs 4
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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30 W 47th St # 603 New
York, 10036, USA |
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Comments on location: |
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Headquarters |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Ramesh Vora is the main
shareholder. |
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Management: |
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Ramesh Vora, President |
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 Ramesh
Vora, President, who refused to provide us any financial data without
knowing the name of the inquiring party. |
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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 |
2008 |
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Turnover |
3,000,000 |
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The cash flow is |
NORMAL |
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Comments on the financial
data: The company has an estimated revenue of less
than USD 5 million. |
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 small sized American company, which employs 4 people and has
11 years of experience in the market. The company´s financial performance is encouraging. However, the business structure has not been improved |
SUMMARY
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Profitability |
CORRECT |
Public |
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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Ramesh Vora |
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Position |
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President |
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Comments |
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The person contacted
refused to provide any information on grounds of confidentiality |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.16 |
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UK Pound |
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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.