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MIRA INFORM REPORT
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Report No. : |
495861 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ROSY BLUE JEWELRY INC. |
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Registered Office : |
529 Fifth Ave New York, New York, 10017 |
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Country : |
United States |
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Financials (as on) : |
2016 [Summarized] |
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Date of Incorporation : |
1974 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject designs, manufactures, and distributes
fine diamonds and bridal and fashion jewelry. |
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No. of Employees : |
45 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED
STATES - ECONOMIC OVERVIEW
The US has the most technologically powerful economy in the world, with a per capita GDP of $57,300. US firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment; however, their advantage has narrowed since the end of World War II. Based on a comparison of GDP measured at purchasing power parity conversion rates, the US economy in 2014, having stood as the largest in the world for more than a century, slipped into second place behind China, which has more than tripled the US growth rate for each year of the past four decades.
In the US, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, businesses face higher barriers to enter their rivals' home markets than foreign firms face entering US markets.
Long-term problems for the US include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits.
The onrush of technology has been a driving factor in the gradual development of a "two-tier" labor market in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. But the globalization of trade, and especially the rise of low-wage producers such as China, has put additional downward pressure on wages and upward pressure on the return to capital. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income.
Imported oil accounts for nearly 55% of US consumption and oil has a major impact on the overall health of the economy. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. Because the US economy is energy-intensive, falling oil prices since 2013 have alleviated many of the problems the earlier increases had created.
The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the US into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009, Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012, the Federal Government reduced the growth of spending and the deficit shrank to 7.6% of GDP. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries.
Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2014, the direct costs of the wars totaled more than $1.5 trillion, according to US Government figures.
In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million Americans by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on healthcare - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010.
In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short-term rates near zero until unemployment dropped below 6.5% or inflation rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bond purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemployment rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflation stood at 1.7%, and public debt as a share of GDP continued to decline, following several years of increases. In December 2015, the Fed raised its target for the benchmark federal funds rate by 0.25%, the first increase since the recession began. With US GDP growth below 2%, the Fed has opted to raise rates three times since then, and in mid-June 2017, the range for the target rate stood at 1% to 1.25%.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
ROSY BLUE JEWELRY INC. |
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Trade Name: |
Rosy Blue ROSY BLUE JEWELRY INC. BLUE INDIA JEWELRY, INC. DIAMALUX INC. DIAGOLD INC. |
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RUT: |
870306 |
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Date Created: |
1974 |
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Date Incorporated: |
27/09/1983 |
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Legal Address: |
529 FIFTH AVE NEW YORK, NEW YORK, 10017 |
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Operative Address: |
529 5th Ave Fl 12 New York, New York 10017-4676 United States |
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Telephone: |
(212) 687-8838 |
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Fax: |
(212) 687-8838 |
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Legal Form: |
Corporation |
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Email: |
newyork@rosyblue.com |
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Registered in: |
NEW YORK |
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Website: |
rosyblue.com |
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Contact: |
Birain Parikh, Principal and CEO |
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Staff: |
45 |
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Activity: |
Jewelry Manufacturing Manufacturing Sector |
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Banks: |
KEYBANK NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT127 PUBLIC SQUARE, CLEVELAND, OH 44144, USA WEBSTER BANK, NATIONAL ASSOCIATION 360 LEXINGTON AVENUE, FIFTH FLOOR, NEW
YORK, NY 10017, USA ISRAEL DISCOUNT BANK OF NEW YORK 511 FIFTH AVENUE, NEW YORK, NY 10017,
USA ABN AMRO BANK N.V. PELIKAANSTRAAT 70-76, B-2018, ANTWERP, NA,
BEL JPMORGAN CHASE BANK, AS SECURITY TRUSTEE TRINITY TOWER, 9 THOMAS MORE STREET,
LONDON, NA E1 9YT, GBR ANTWERPSE DIAMANTBANK N.V. 54 PELIKAANSTRAAT 54 B-2018, ANTWERPEN
00000-0000, BEL |
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History: |
The company was founded in 1974 and is
based in New York, New York. Rosy Blue Jewelry Inc. operates as a subsidiary
of Rosy Blue, Inc. |
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PRINCIPAL
ACTIVITY
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The company
designs, manufactures, and distributes fine diamonds and bridal and fashion
jewelry. |
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Products/Services description: |
Jewelry, Watches, Precious Stones, and
Precious Metals They also offer: Quality Control on all parcels Sarin grading reports detailing the
diameters and potential yields of rough stones Major pointer programmes Arbitrage programmes |
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Brands: |
CELEBRATE TRUE LOVE HEARTS·ARROWS·TOGETHER HUES OF LOVE RADIANT ROSE LOVE IN BLOOM |
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Sales are: |
Wholesale |
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Clients: |
Jewelry distributors in the USA |
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Suppliers: |
Aj Paper Products Ltd, CHINA |
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Operations area: |
National and International |
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The company imports from |
CHINA |
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The company exports to |
No records |
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The subject employs |
45 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
529 5th Ave Fl 12 New York, New York 10017-4676 United States |
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Size: |
NA |
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Branches: |
No branches were found |
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Related Companies: |
Rosy Blue Inc. 529 5th Ave Fl 12 New York, New York Rosy Blue Trading Inc. 529 5Th Ave Fl 12 New York, New York 10017-4676 BELGIUM Rosy Blue NV Hoveniersstraat 53, Box 127, 2018 Antwerp, Belgium ISRAEL Rosy Blue Sales Ltd, Diamond Exchange, Maccabi Building B2, 1 Jabotinsky
Street, Ramat Gan 52520, Israel UAE Rosy Blue DMCC Level 31/A-D Almas Tower, Jumeirah Lake Towers, Sheikh Zayed Road PO Box 340502, HONG KONG Rosyblue Hong Kong Ltd. Rm 403-4, Harbour Centre 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong JAPAN Rosy Blue Ltd, Jewelry Mart, 3rd Floor, Higashi Ueno 1-10-6, Taito-Ku, Tokyo 110-0015, Japan USA Rosy Blue Inc, 529 Fifth Avenue, 15th Floor, New York, NY 10017, USA CHINA Rosy Blue (Shanghai) Diamond Co. Ltd China Diamond Exchange Center No1701, Century Avenue, Rm801-02, Tower B PuDong Area, Shanghai 200122 China INDIA Rosy Blue (India) Pvt. Ltd. 1608-09 Prasad Chambers, Opera House Mumbai 400004 India INDIA Intergold (India) Pvt. Ltd. Plot No 34, Seepz, Sez, MIDC, Andheri (East) Mumbai 400 096 India |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private company. Rosy Blue
Jewelry Inc. operates as a subsidiary of Rosy Blue, Inc, which is located at 529
5th Ave Fl 12, New York, New York, USA. |
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Management: |
Birain Parikh, Principal and CEO Aashish Jhaveri, Vice President at Rosy
Blue Sanjay Shah, CFO at Rosy Blue Inc. Dipu Mehta, President and President of
Rosy Blue Fine Division |
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FINANCIAL
INFORMATION
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The company does not make
its financial statements public. The following information has been provided
by private sources: |
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Rosy Blue, Inc (Parent company) |
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USD 2016 |
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Sales |
$12.500.000 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
Multiple facet gemstone Patent number: D640951 Type: Grant Filed: March 2, 2011 Date of Patent: July 5, 2011 Assignee: Rosy Blue Jewelry Inc. Inventor: Birain Parikh Multiple facet gemstone Patent number: D643326 Type: Grant Filed: February 2, 2011 Date of Patent: August 16, 2011 Assignee: Rosy Blue Jewelry Inc. Inventor: Birain Parikh Multiple facet gemstone Patent number: D654825 Type: Grant Filed: May 19, 2011 Date of Patent: February 28, 2012 Assignee: Rosy Blue Jewelry, Inc. Inventor: Birain Parikh |
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CASES |
No legal cases were found. |
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TRADEMARKS |
CELEBRATE TRUE LOVE Diamonds and precious and semi precious gemstones;
jewelry, namely, earrings, rings, bracelets, charms, necklaces, pendants… Owned by: Rosy Blue Jewelry, Inc. Serial Number: 77327321 HEARTS·ARROWS·TOGETHER diamonds; precious and semi-precious
stones; jewelry Owned by: Rosy Blue Jewelry, Inc. Serial Number: 85473094 HUES OF LOVE diamonds; precious and semi-precious
stones; jewelry Owned by: Rosy Blue Jewelry, Inc. Serial Number: 85477934 RADIANT ROSE LOVE IN BLOOM jewelry; diamonds; precious and semi
precious stones Owned by: Rosy Blue Jewelry, Inc. Serial Number: 85553298 |
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UCC |
1. Debtor Names: BLUE INDIA JEWELRY, INC. 1180
AVENUE OF THE AMERICAS, NEW YORK, NY 10036-0000, USA ROSY BLUE JEWELRY INC. 529 FIFTH AVENUE, NEW YORK, NY
10017-0000, USA ROSY BLUE JEWELRY INC. 1180 AVENUE OF THE AMERICAS, NEW YORK,
NY 10036-0000, USA Secured Party Names: ABN AMRO CAPITAL USA LLC 100 PARK AVENUE, NEW YORK, NY 10017, USA ABN AMRO BANK N.V. NEW YORK BRANCH Not Available 172630 08/17/1992 08/17/1997 Financing Statement 136136 07/01/1997 08/17/1997 Financing Statement Amendment 149713 07/18/1997 08/17/2002 Continuation 197257 09/15/1998 08/17/2002 Financing
Statement Amendment 181719 08/07/2002 08/17/2007 Continuation 200708015747734 08/01/2007 08/17/2012 Continuation 201207190412724 07/19/2012 08/17/2017 Continuation 201208035882850 08/03/2012 08/17/2017 Continuation 201403130134689 03/13/2014 08/17/2017 Assignment 201506090286918 06/09/2015 08/17/2017 Termination 2. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, NEW YORK, NY 10017-0000, USA Secured Party Names: ANTWERPSE DIAMANTBANK N.V. 54 PELIKAANSTRAAT 54 B-2018, ANTWERPEN
00000-0000, BEL 241795 10/25/2002 10/25/2007 Financing Statement 200705168195666 05/16/2007 10/25/2012
Continuation 201209280551505 09/28/2012 10/25/2017
Continuation 201407250417137 07/25/2014 10/25/2017
Termination 3. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, FIFTEENTH FLOOR, NEW YORK, NY 10017, USA Secured Party Names: JPMORGAN CHASE BANK, AS SECURITY TRUSTEE TRINITY TOWER, 9 THOMAS MORE STREET,
LONDON, NA E1 9YT, GBR 200408030795928 08/03/2004 08/03/2009 Financing Statement 4 View 200812020796800 12/02/2008 08/03/2009
Termination 4. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, FIFTEENTH FLOOR, NEW YORK, NY 10017, USA Secured Party Names: JPMORGAN CHASE BANK, AS SECURITY TRUSTEE TRINITY TOWER, 9 THOMAS MORE STREET,
LONDON, NA E1 9YT, GBR 200408030795930 08/03/2004 08/03/2009 Financing Statement 200812020796812 12/02/2008 08/03/2009 Termination 5. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, 12TH FLOOR, NEW YORK, NY 10017, USA Secured Party Names: ABN AMRO CAPITAL USA LLC 100 PARK AVENUE, NEW YORK, NY 10017, USA ABN AMRO BANK N.V. PELIKAANSTRAAT 70-76, B-2018, ANTWERP, NA,
BEL 201009010482685 09/01/2010 09/01/2015 Financing Statement 201312300719632 12/30/2013 09/01/2015 Assignment 201506090286920 06/09/2015 09/01/2015
Termination 6. Debtor Names: ROSY BLUE JEWELRY, INC. 529
FIFTH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: KEYBANK NATIONAL ASSOCIATION 660 WHITE PLAINS ROAD, 2ND FLOOR,
TARRYTOWN, NY 10591, USA STANDARD CHARTERED BANK 1095 AVENUE OF THE AMERICAS, NEW
YORK, NY 10036, USA 201209126026391 09/12/2012 09/12/2017 Financing Statement 201610030474790 10/03/2016 09/12/2017 Assignment 7. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, 12TH FLOOR, NEW YORK, NY 10017, USA Secured Party Names: ABN AMRO BANK N.V. PELIKAANSTRAAT 70-76, B-2018, ANTWERP, NA, BEL 201503030104586 03/03/2015 03/03/2020 Financing Statement 201605090218636 05/09/2016 03/03/2020 8. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: ISRAEL DISCOUNT BANK OF NEW YORK 511 FIFTH AVENUE, NEW YORK, NY
10017, USA 201504165397161 04/16/2015 04/16/2020 Financing 9. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: WEBSTER BANK, NATIONAL ASSOCIATION 360 LEXINGTON AVENUE, FIFTH FLOOR, NEW
YORK, NY 10017, USA 201605060213313 05/06/2016 05/06/2021 Financing Statement 10. Debtor Names: ROSY BLUE JEWELRY INC. 529
5TH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: KEYBANK NATIONAL ASSOCIATION 660 WHITE PLAINS ROAD, 2ND FLOOR,
TARRYTOWN, NY 10591, USA 201610030474877 10/03/2016 10/03/2021 Financing Statement 11. Debtor Names: ROSY BLUE JEWELRY INC. 529
FIFTH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: KEYBANK NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT 127 PUBLIC
SQUARE, CLEVELAND, OH 44144, USA 201710040491776 10/04/2017 10/04/2022 Financing Statement |
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SUMMARY
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Founded in 1974, Rosy Blue Jewelery Inc.
is a jewelry store in New York, New York. It has 43 years of experience in
the market. It is a mid-sized company which has 45
full time employees. It imports from CHINA. This is an ACTIVE company incorporated
in NEW YORK since 1983. Rosy Blue Jewelry Inc. operates as a subsidiary of
Rosy Blue, Inc, which is located at 529 5th Ave Fl 12, New York, New York,
USA. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
NA |
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POSITION |
Operations |
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COMMENTS |
The man contacted confirmed name, parent
company, CEO name, experience and related entities. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.23 |
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1 |
INR 89.71 |
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Euro |
1 |
INR 79.50 |
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US Dollar |
1 |
INR 65.11 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.