MIRA INFORM REPORT

 

 

Report Date :           

09.06.2011

 

IDENTIFICATION DETAILS

 

Name :

GOLDSTAR JEWELLERY LLC

 

 

Registered Office :

20 West 37TH ST, 7TH FL, New York, 10018

 

 

Country :

United States 

 

 

Date of Incorporation :

19.02.2004

 

 

Com. Reg. No.:

3015199

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Jewelry, Watch, Precious Stone and Precious Metal Merchant Wholesalers

 

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 :

Small Company 

Payment Behaviour :

Unknown

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:

Gold Star Jewellery LLC

Address in the order:

20 West 37th Street, 7th Floor New York Ny 10016

 

 

Legal Name:

GOLDSTAR JEWELLERY LLC

 

 

Legal Address

20 West 37TH ST, 7TH FL, NEW YORK, 10018, USA.

 

 

Telephone:

(212) 391 2021

Registration Number :

3015199

Fax:

(212) 391 7444

Legal Form:

Limited Liability Company

Email:

newyork@goldstarjewellery.com

Registered in:

New York

Website:

http://www.goldstarjewellery.com/

Date Created:

2004

Manager:

Michael Lerche, President

Date Incorporated:

19/02/2004

Staff:

21

Stock:

NA

 

 

Value:

NA

Activity:

Jewelry, Watch, Precious Stone and Precious Metal Merchant Wholesalers.

 

 

BANKS

 

Name of the Bank

HSBC

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The subject is a diamond and jewelry trading company.

It offers tailor-made natural diamonds and specializes in special cut diamonds.

Sales are:

 

Wholesale

Clients:

 

Diamond and jewelry retailers

Operations area:

 

National, International

The company imports from India, Hong Kong.

The company export to Italy, Japan.

Trade References:

 

The person contacted refused to provide the names of their suppliers for us to check the trade references.

Competitors:

 

Mitsui & Co (U S A ), Inc

Tiffany & Co

Fossil, Inc

The subject employs 21 employee(s)

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered and single located at the above address.

Comments on location:

 

There are two others related companies at the same address: Jewel World LLC and Gold Star Independent LLC.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Management:

 

Michael Lerche President

Mark Moskoviz Controller           

 

 

 

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

2010

Turnover

2 800 000

The cash flow is

normal

 




Currency

DATE

USD

2008

Turnover

460 000

The cash flow is

normal

 

 

Legal Fillings

 There are several UCC files listed with the Secretary of State of New York.

 

 

There is one legal filing listed with the New York Southern District Court on May 28, 2009 for Copyright Infringement filled by Sterling Jewelers Inc. We do not know the outcome.

 

 

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 Correct 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 7 years in the business.

It is a small sized American company, evolving in a stable sector.

Profitability is correct, indebtedness is controlled, cash is normal and payments are regular.

A litigation of 2009 has been found for Copyright Infringement.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

YES

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.61

UK Pound

1

Rs.73.28

Euro

1

Rs.65.47

 

 

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.