MIRA
INFORM REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
KUBER MFG INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.05.1993 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry 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 – 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 |
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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Legal Name: |
Kuber Mfg Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (212) 755 3232 |
ID : |
1727154 |
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Fax: |
+1 (212) 755 2885 |
Legal Form: |
Corporation for Profit |
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Email: |
info@kuberjewelry.com |
Registered in: |
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Website: |
www.kuberjewelry.com |
Date Created: |
1993 |
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Manager: |
Basant Johari, Chief Executive Officer |
Date Incorporated: |
May 17th, 1993 |
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Staff: |
5 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Jewelry Wholesalers. |
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BANKS
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Name of the Bank |
Bank Of |
BUSINESS
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HISTORY |
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The company was created in the year 1993. |
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PRINCIPAL ACTIVITY |
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The company engages in diamond and gem stone jewelry in Platinum and
Gold wholesaler. It specializes in Precision-set seamless bands. |
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Products/Services description: |
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Jewelry Watch Precious Stone Precious Metal Bands Rings Bracelets Necklaces Pendants Earrings |
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Sales are: |
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Wholesale |
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Clients: |
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Jewelry retail stores Other related industries. |
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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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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is located at |
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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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Basant Johari, Chief Executive Officer Mihir Daiya, Manager |
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Related Companies: |
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The company has manufacturing plants in Bella Jewelry 504, SEEPZ, Block-2 Andheri ( East ) Mumbai-96, Dauji & Co. 818 Prasad Chambers Opera House Mumbai 400 004 |
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 Gene who confirmed the information showed on this
report. We asked her about the revenue for the year 2010 compared to the
revenue for the year 2008, but she 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 |
2,500,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
5
M |
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The
cash flow is |
20 |
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Legal Fillings |
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There are 2 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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This is a medium sized company with 5 employees and 18 years of
experience. There were no legal filings found against the company or its legal
representatives. The company' revenue decreased significantly for the year 2010. We've contacted the company. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Gene |
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Position |
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Representative |
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Comments |
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She confirmed the information showed on this report. We asked her
about the revenue for the year 2010 compared to the revenue for the year 2008,
but she refused to provide us any financial data 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.44.94 |
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1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.