MIRA INFORM REPORT

 

 

Report Date :           

04.06.2011

 

IDENTIFICATION DETAILS

 

Name :

HASENFELD STEIN INCORPORATED (ALEXANDER HASENFELD, INC)

 

 

Formerly Known As :

Alexander Hasenfeld, Inc

 

 

Registered Office :

825 Third Avenue New York, New York, 10022

 

 

Country :

United States 

 

 

Date of Incorporation :

03.01.1967

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Diamonds Wholesaler

 

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 :

No Complaints

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Hasenfeld Stein Inc

Address in the order:

580 Fifth Avenue, Suite 1100, NY 10036, New York

Legal Name:

Hasenfeld Stein Incorporated (Alexander Hasenfeld, Inc)

Trade Name:

Alexander Hasenfeld, Inc

Legal Address

825 Third Avenue New York, New York, 10022 USA (Register agent)

Operative Address

580 Fifth Avenue, Suite 1100  New York, NY 10036 USA

Telephone:

+1 (212) 575-0290

ID :

205361

Fax:

+1 (212) 391-4597

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

New York

Website:

www.hasenfeld-stein.com

Date Created:

1948

Manager:

Alexander Hasenfeld - President

Date Incorporated:

January 3rd, 1967

Staff:

12

Stock:

150 shares

 

 

Value:

1,000,000 value per shares

Activity:

Diamonds Wholesaler.

 

 

BANKS

 

Name of the Bank

CITIBANK

Name of the Bank

JEFFERSON BANK

 

BUSINESS

 

HISTORY

 

The company was created in the year 1948.

 

The company was formerly known as Alexander Hasenfeld, Inc and changed its name to Hasenfeld Stein Incorporated on the year 1976.

PRINCIPAL ACTIVITY

 

Hasenfeld-Stein Incorporated operates as a diamonds wholesaler.

 

The company is cutter of top make diamonds, specializing in "Triple Excellent" / "Triple Zero", sharp hearts & arrows Ideal Rounds, Princesses, "Double Excellent" Asschers and Emerald Cuts.

Products/Services description:

 

Rounds: .18 points to 10 carats

ROUNDS FOCUS: .50 points to 3 ½ carats

FIREMARK™ PRINCESS: .50 points to 3 carats

PRINCESSES, ASSCHERS & EMERALDS: .40 points to 6 carats

PI’s, AS’s & EM’s FOCUS: .70 points to 3.99 carats

Sales are:

 

Wholesale

Clients:

 

Jewelry stores

Other related industries

The company imports from Asia and Europe

The company does not export

The subject employs 12 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at 825 Third Avenue

New York, New York, 10022 USA.

 

Branches:

 

There were no branches found for this company.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Despite our searches, it has not been possible to identify the shareholders of the company.

 

Capital: 150 shares with a value of USD 1,000,000 and 200 shares with no par value.

Management:

 

Alexander Hasenfeld - President

Hertz Hasenfeld - Vice President

 

 

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.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

USD

2008

Turnover

5,800,000

Operating Income

170,000

Net Income

104,000

Net worth

1,300,000

Liabilities

650,000

The cash flow is

20

 

Legal Fillings

 An estimate sales for year 2004 is in the range of USD 3,000,000.

The sales for the year 2005 was USD 8 Million with a net result of USD 412,000

 

 

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 United States citizens and permanent residents are prohibited from doing business.

** 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 correct credit rate.

 

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

 

 Final Opinion

 

This is a medium sized company with 12 employees and 63 years of experience.

 

There were no legal filings found against the company or its legal representatives.

 

We've contacted the company but we could only left a voice mail.

 

There was no financial information found for the year 2010.

 

Due to the fact that there isn't any financial information updated.

 

 


SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

MEDIUM

Public Records

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

 

 

 

 

 

 

APPENDIX

 

Comments

 

We have contacted the company; However we got an answering machine. We left a message though we didn't get an answer yet.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.85

UK Pound

1

Rs.73.29

Euro

1

Rs.64.89

 

 

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

----

NB

New Business

----

 

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.