MIRA INFORM REPORT
|
Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ENVISIONS INTERNATIONAL LLC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
21.11.1994 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Wholesale Jewelers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Envisions International LLC |
||
|
Address in the order: |
529, |
||
|
Legal Name: |
Envisions International LLC |
||
|
Legal Address |
|
||
|
Operative Address |
|
||
|
Telephone: |
+1 (212) 888-5001 |
ID : |
1869537 |
|
Fax: |
- |
Legal Form: |
Corporation for Profit |
|
Email: |
- |
Registered in: |
|
|
Website: |
- |
Date Created: |
1994 |
|
Manager: |
Maunish Bhansali, President |
Date Incorporated: |
November 21st, 1994 |
|
Staff: |
4 |
Stock: |
200 |
|
|
|
Value: |
No par Value |
|
Activity: |
Wholesale Jewelers. |
||
BANKS
|
Name of the Bank |
Bank Of Albuquerque, N.A. |
|
Name of the Bank |
Dundee Bank |
|
Name of the Bank |
Valley Bank |
|
Name of the Bank |
Eastern Bank |
|
Name of the Bank |
First Citizens Bank |
BUSINESS
|
HISTORY |
|
|
|
The company was created in the year 1994. |
|
PRINCIPAL ACTIVITY |
|
|
|
This company is categorized under diamonds wholesaler and retailer. |
|
Products/Services description: |
|
|
|
Heart Jewelry Stone Jewelry Ethnic Jewelry Designer Jewelry and Fun Jewelry. |
|
Sales are: |
|
|
|
Wholesale, Retail |
|
Clients: |
|
|
|
General industries Jewelries General clientele |
|
The company imports from Europe, |
|
|
The company export to Worldwide |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
This company is headquartered at |
|
Branches: |
|
|
|
There were no branches found for this company |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
|
Management: |
|
|
|
Maunish Bhansali, President Meena Shastry, Accountant |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted the company; Our agent spoke with a female
representative, though she dropped the call without providing any information
about the company. We tried calling back again but same outcome |
|
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 |
590,000 |
|
Legal Fillings |
|
There are 145 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
|
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 company has been in business for 17 years.
It has a staff of 4 employees which makes it a small sized company. There were no legal filings found against
the company or its legal representatives. The financial figures found for the year
2010 gave a correct profitability. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Female representative |
|
Comments |
|
|
|
She dropped the call without providing any information about the
company. We tried calling back again but same outcome. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.66.04 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.