MIRA INFORM REPORT

Report No. :	497025
Report Date :	08.03.2018

IDENTIFICATION DETAILS

Name :	RAPAPORT DIAMOND CORPORATION
Registered Office :	Registered Agent, Tupora Templeman Ste. 1103, 1212 Ave Of The Americas, New York, New York, 10036
Country :	United States
Date of Incorporation :	1976
Legal Form :	Corporation
Line of Business :	Subject provides services to diamond and jewelry markets.
No. of Employees :	8

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United States	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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%.

Source : CIA

STATUTORY INFORMATION

Legal Name:	RAPAPORT DIAMOND CORPORATION
Trade Name:	Diamond Research & Mktg Inst Diamonds.Net
ID:	479153
Date Created:	1976
Date Incorporated:	March 24, 1978
Legal Address:	Registered Agent TUPORA TEMPLEMAN STE. 1103 1212 AVE OF THE AMERICAS NEW YORK, NEW YORK, 10036
Operative Address:	1212 Avenue of Americas Suite 801 New York, NY 10036, USA
Telephone:	1-212-354-9100
Fax:	1-646-572-8535
Legal Form:	Corporation
Email:	ny@diamonds.net service@diamonds.net
Registered in:	NEW YORK
Website:	www.diamonds.net
Contact:	MARTIN RAPAPORT
Staff:	8
Industry:	Wholesale Sector Industry
Banks	Bank of America
	The company does not disclose its banking details
HISTORY
The company was founded in 1976. In 1978 the company established the Rapaport Price List.
PRINCIPAL ACTIVITY
Diamond Rapaport Corporation provides services to diamond and jewelry markets.
Products/Services description:	Rapaport Magazine Rapaport Price Lists Rapaport Monthly Report Auctions Reports Diamond Price Statistics Reports
Brands:	RapNet®
Sales are:	Wholesale
Clients:	Companies
Suppliers:	NACIONAL MONTE DE PIEDAD I AP Mexico
Operations area:	National
The company imports from	Mexico
The company exports to	No export records
The subject employs	8 employees
Payments:	Regular
LOCATION
Headquarters :	1212 Avenue of Americas Suite 801 New York, NY 10036, USA
Branches:	USA - Las Vegas 133 East Warm Springs Road - Suite 100 Las Vegas, NV 89119, USA Tel: +1-702-893-9400 Fax: +1-702-893-9440 Email: vegas@diamonds.net
Related Companies:	Israel Diamond Tower Tuval Street 21, Suite 1362 Ramat Gan 52521, Israel Tel: +972-3-613-3330 Fax: +972-3-613-3111 Email: israel@diamonds.net Dubai Dubai Diamond Exchange Level 2, Office D06 Almas Tower, Jumeirah Lakes Towers Dubai, UAE Tel: +971-43638403 Fax: +971-43697243 Email: dubai@diamonds.net Belgium Diamond Exchange Building Hoveniersstraat 53, Box 13 B-2018 Antwerp, Belgium Tel: +32-3-232-3300 Email: belgium@diamonds.net International – General Tel: +44-208-123-0344 Email: international@diamonds.net India Head Office 101, The Capital, Plot No C-70, BKC, Bandra East, Mumbai – 400 051 Tel: +91-22-6628-6500 Fax: +91-22-6628-6555 Email: india@diamonds.net India - Surat 501-504 C Wing Diamond World Building Mini Bazar Mangadh Chowk, Varachha Road Surat 395 006, India Tel: +91-261-308-3300 Email: india@diamonds.net India - Mumbai BDB, Tower B, Central Core Shop, 9T2 Ground Floor, BKC, Bandra East, Mumbai – 400 051 Tel: +91-22-6628-2700 Fax: +91-22-6628-2727 Email: india@diamonds.net Hong Kong & China Unit 2206, 22/F Kinwick Centre 32 Hollywood Road Central, Hong Kong Tel: +852-2805-2620 Fax: +852-2805-2605 Email: hk@diamonds.net
Competitors:	Damiani USA Corporation Gross Diamond Corporation Inc. Bernard Nacht & Company Inc.
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company. Major holder is: Martin Rapaport
Management:	Martin Rapaport, Owner Alissa Goren, Chief Marketing Officer Sherri Hendricks, Vice President of Operations Eileen Farrell, Vice President Marketing
FINANCIAL INFORMATION
The company does not public its financial statements. The following information has been provided by our private sources:
USD 2015
Revenue	3 700 000
Cash Flow	Normal
LEGAL FILINGS
Government Contracts	No records found
Legal Records	Zenith Diamonds, LLC v. Rapaport et al Filed: January 11, 2016 as 1:2016cv00083 Plaintiff: Zenith Diamonds, LLC Defendant: Ezriel Rapaport , Rapaport Capital, LLC (Nevada) , Rapaport Diamonds Corporation and others Cause Of Action: Petition for Removal- Breach of Contract Court: Eleventh Circuit › Georgia › Georgia Northern District Court Type: Contract › Other Contract L.Y.E. Diamonds LTD et al v. Gemological Institute of America Inc. et al We have downloadable decisions or orders for this case Filed: May 19, 2016 as 1:2016cv03766 Plaintiff: L.Y.E. Diamonds LTD , E.G.S.D. Diamonds, Ltd. , Gregori Elizarow and others Defendant: Gemological Institute of America Inc. , Rapaport USA, Inc. , Rapaport Diamond Corporation and others Cause Of Action: nr Notice of Removal Court: Second Circuit › New York › New York Southern District Court Type: Torts - Injury › Assault, Libel, and Slander
Patents	No records found
Trademarks	RAPNET - Trademark Details Status: 800 - Registered And Renewed Image for trademark with serial number 74311402 Serial Number74311402 Registration Number1815092 Word MarkRAPNET Status800 - Registered And Renewed Status Date2013-12-20 Filing Date1992-09-08 Registration Number1815092 Registration Date1994-01-04 Mark Drawing1000 - Typeset: Word(s)/letter(s)/number(s) Typeset Published for Opposition Date1993-10-12 Law Office Assigned Location CodeG10 Employee NameHICKS, LAURINDA
UCC filings	Debtor Names: RAPAPORT DIAMOND CORPORATION 1212 6TH AVE #1103, NEW YORK, NY 10039, USA Secured Party Names: M. FABRIKANT & SONS INC 1 ROCKEFELLER PLAZA, NEW YORK, NY 10020, USA 200512136088509 12/13/2005 12/13/2010 Financing Statement
SUMMARY
Founded in 1976, RAPAPORT DIAMOND CORPORATION is a small organization in the jewelry and precious stone companies industry located in New York, NY. It has 8 full time employees and generates $3.7 million in annual revenue. RAPAPORT DIAMOND CORPORATION provides services to diamond and jewelry markets. The Company offers electronic information, diamond grading and certification, trading and auction, financial, research, and marketing services The company operates in the national area, importing products from Mexico. RAPAPORT DIAMOND CORPORATION is ACTIVE without negative records.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Regular
CASH FLOW	Normal
STATUS	ACTIVE
INTERVIEW
NAME	Karen
POSITION	Marketing
COMMENTS	Karen confirmed name, address, website, management and ownership. She also confirmed that the company operates in New York and has offices with different products in Las Vegas, India, Dubai, Belgium, etc.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.96
UK Pound	1	INR 90.34
Euro	1	INR 80.75
US Dollar	1	INR 65.14

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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.