MIRA INFORM REPORT
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Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ROSY BLUE FINE INC |
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Registered Office : |
529 Fifth Avenue, 12th Floor, 44th Street, New York |
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Country : |
United States |
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Date of Incorporation : |
18.12.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer and Distributor of Jewelry and Diamonds |
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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Maximum Credit Limit : |
USD 290,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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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Ordered as: |
Rosy Blue Fine Inc |
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Address in the order: |
529, Fifth Avenue, 12th Fl., 10017 New York, |
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Legal Name: |
Rosy Blue Fine Inc |
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Legal Address |
529 Fifth Avenue, 12th Floor, 44th Street, New York, USA. |
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Operative Address |
529 Fifth Avenue, 12th Floor, 44th Street, New York, USA. |
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Telephone: |
+1 (212) 687-8838 |
ID : |
2847163 |
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Fax: |
+1 (212) 856-9835 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
Date Created: |
2002 |
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Manager: |
Baron Dilip Mehta, CEO |
Date Incorporated: |
December 18th, 2002 |
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Staff: |
75(at group level) |
Stock: |
6000 |
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Value: |
$ 0.01 Par Value |
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Activity: |
Manufacturer and Distributor of Jewelry and Diamonds. |
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BANKS
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Name of the Bank |
Abn Amro Bank |
BUSINESS
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HISTORY |
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The company was created in the year 2002. |
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PRINCIPAL ACTIVITY |
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The company operates as a manufacturer and Distributor of Jewelry and
Diamonds. |
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Products/Services description: |
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Polished diamonds General Jewelry Retail chain Among others. |
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Sales are: |
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Wholesale |
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Brands: |
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ORRA |
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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 Asia |
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The company does not export |
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The subject employs 75 employee(s) |
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Comments on staff: |
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The person we've contacted clarified that they had 75 employees at
group level, including its subsidiary. |
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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 headquartered at 529 5TH AVE FL 12, New York, USA. |
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Comments on location: |
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We've contacted the company, and the representative explained us that,
this company and its subsidiary (Rosy Blue Jewelry Inc) is located in the
same address. |
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Branches: |
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The company has several branches worldwide, though it has only one
location in the US, mentioned above. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. KOICHI TAKAHASHI and Dipu Mehta are the main
shareholders. The company is part of the Rosy Blue Group. |
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Management: |
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Dipu Mehta, CEO Koichi Takahashi, Chairman Of The Board & President Lynore Spencer, CFO |
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've contacted the company, talked to Nancy Daniels who clarified the
main difference between the subject company and its subsidiary. She also agreed
to confirm company's basic information. However she refused to provide us any
financial information 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 |
17,500,000 |
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Legal Fillings |
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There are 108 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
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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 large sized US company, which
employs 75 people at group level and has 9 years of experience. There were no legal filing found against
the company or its legal representatives. we0ve contacted the company; Although the
representative kindly clarified basic information about the company, she
refused to provide us any financial information on grounds of
confidentiality. Or financial sources though, provided us
with the financial figures for the year 2010. The company gave a correct profitability
for that year. Therefore a credit line may be considered
for USD 290,000 |
SUMMARY
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Profitability |
CORRECT |
Public
Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Nancy Daniels |
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Position |
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Representative |
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Comments |
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She clarified the main difference between the subject company and its
subsidiary. She also agreed to confirm company's basic information. However
she refused to provide us any financial 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.44.93 |
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UK Pound |
1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.34 |
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.