|
|
|
MIRA INFORM REPORT
|
Report No. : |
496925 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ROSY BLUE, INC |
|
|
|
|
Registered Office : |
Moses & Singer Llp, Attn Larry Ginsburg,405 Lexington Ave,
New York, New York, 10174-1299 |
|
|
|
|
Country : |
United States |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
1974 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Subject engages in the manufacture and
supply of diamonds and jewelry |
|
|
|
|
No. of Employees : |
28 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
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 : |
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
|
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 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: |
ROSY BLUE, INC. |
|
Trade Name: |
ROSY BLUE INC. |
|
ID: |
1432319 |
|
Date Created: |
1974 |
|
Date Incorporated: |
21/03/1990 |
|
Legal Address: |
MOSES & SINGER LLP ATTN LARRY GINSBURG 405 LEXINGTON AVE NEW YORK, NEW YORK, 10174-1299 |
|
Operative Address: |
529 5th Ave Fl 12 New York, NY, 10017 United States |
|
Telephone: |
(212) 471-2223 |
|
Fax: |
(212) 856-9835 |
|
Legal Form: |
CORPORATION |
|
Email: |
Sameer.olkar@rosyblue.com |
|
Registered in: |
NEW YORK |
|
Website: |
www.rosyblue.com |
|
Contact: |
Chief Executive Officer AASHISH JHAVERI |
|
Staff: |
28 |
|
Activity: |
NAICS 1: Jewelry, Watch, Precious Stone, and Precious
Metal Merchant Wholesalers NAICS 2: Jewelry and Silverware Manufacturing SIC 1: Jewelry And Precious Stones SIC 2: Jewelry, Precious Metal |
|
|
|
|
|
|
|
Banks: |
The company does not make its banking data public ABN AMRO BANK N.V. ANTWERPSE DIAMANTBANK N.V. JPMORGAN CHASE BANK FIRST NIAGARA BANK, N.A. KEYBANK NATIONAL ASSOCIATION WEBSTER BANK, NATIONAL ASSOCIATION ISRAEL DISCOUNT BANK OF NEW YORK |
|
|
|
|
|
|
|
History: |
The company was founded in 1974 and is based in New York,
New York. Rosy Blue, Inc. operates as a subsidiary of Rosy Blue N.V. In the 1970s, when many Indian diamond houses were moving
their operations to New York City, Rosy Blue's parent company (India-based
Rosy Blue Group) followed suit. Rosy Blue, Inc., its US arm, was officially
established in 1974. |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
Rosy Blue, Inc. engages in the manufacture and supply of
diamonds and jewelry. |
|
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 |
|
Brands: |
IGRB HONEY MOON HONEY COMB |
|
Sales are: |
Wholesale |
|
Clients: |
No records |
|
Suppliers: |
No records |
|
Operations area: |
National and International |
|
The subject employs |
28 employees |
|
Payments: |
Regular |
|
|
|
LOCATION
|
|
|
Headquarters : |
529 5th Ave Fl 12 New York, NY, 10017 United States |
|
Size: |
NA |
|
Branches: |
This company has offices in more than 15 countries. |
|
Related Companies: |
BELGIUM Rosy Blue NV Hoveniersstraat 53, Box 127, 2018 Antwerp, Belgium +32 (03)206 16 00 +32 (03)206 16 01 antwerp@rosyblue.com ISRAEL Rosy Blue Sales Ltd, Diamond Exchange, Maccabi Building B2, 1 Jabotinsky Street, Ramat Gan 52520, Israel +972 (3)575 05 20 +972 (3)575 08 36 telaviv@rosyblue.com UAE Rosy Blue DMCC Level 31/A-D Almas Tower, Jumeirah Lake Towers, Sheikh Zayed Road PO Box 340502, Dubai - UAE Tel no: +971 4 423 0644 Fax no: +971 4 423 0645 dubai@rosyblue.com HONG KONG Rosyblue Hong Kong Ltd. Rm 403-4, Harbour Centre 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong +852 (2)523 9475 +852 (2)845 0940 hongkong@rosyblue.com JAPAN Rosy Blue Ltd, Jewelry Mart, 3rd Floor, Higashi Ueno 1-10-6, Taito-Ku, Tokyo 110-0015, Japan +81 (3)3836 70 88 +81 (3)3836 70 99 tokyo@rosyblue.com CHINA Rosy Blue (Shanghai) Diamond Co. Ltd China Diamond Exchange Center No1701, Century Avenue, Rm801-02, Tower B PuDong Area, Shanghai 200122 China +86 21 50158118 +86 21 50158318 shanghai@rosyblue.com INDIA Rosy Blue (India) Pvt. Ltd. 1608-09 Prasad Chambers, Opera House Mumbai 400004 India +91 22 66650000 +91 22 23630248 Mumbai@rosyblue.com INDIA Intergold (India) Pvt. Ltd. Plot No 34, Seepz, Sez, MIDC, Andheri (East) Mumbai 400 096 India +91 22 6756 5656 +91 22 6756 5488 info@intergold.net |
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
This is a private company. It operates as a subsidiary of: Rosy Blue Investments Sarl, which is located at Boulevard
Prince Felix 63 Luxembourg. |
|
Management: |
AASHISH JHAVERI, Chief Executive Officer Sanjay Shah, Administrator Prabir Bhattacharjee, Information Technology Administrator Sameer Olkar, Admin Support Usa |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its
financial statements public. The following information has been provided by
private sources: |
|
|
|
|
USD 2016 |
|
|
Revenue |
12.500.000 |
|
Cash Flow |
Normal |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
PATENTS |
Infinity cut stone design Patent number: D485506 Type: Grant Filed: December 31, 2002 Date of Patent: January 20, 2004 Assignee: Rosy Blue, Inc. Inventor: Dilip Shah Round cut precious stone Patent number: D595609 Type: Grant Filed: January 16, 2009 Date of Patent: July 7, 2009 Assignee: Rosy Blue, Inc. Inventor: Dipu Mehta Multiple facet gemstone Patent number: D675546 Type: Grant Filed: March 22, 2012 Date of Patent: February 5, 2013 Assignee: Rosy Blue, Inc. Inventor: Aashish Jhaveri |
|
|
|
|
CASES |
Yunus Zaveri v Rosy Blue, Inc. Annotate this Case Zaveri v Rosy Blue, Inc. 2004 NYSlipOp 00615 February 10, 2004
Appellate Division, First Department Published by New York State Law
Reporting Bureau pursuant to Judiciary Law § 431. As corrected through
Wednesday, April 21, 2004 Yunus Zaveri et al., Appellants, v Rosy Blue, Inc., et al., Respondents. |
|
|
|
|
TRADEMARKS |
IGRB jewelry; namely, necklaces, rings, earrings, jewel studs,
bracelets, wedding bands, pendants, all made of precious metal… Owned by: ROSY BLUE INC. Serial Number: 74132163 HONEY MOON jewelry Owned by: ROSY BLUE INC. Serial Number: 74158897 HONEY COMB jewelry Owned by: ROSY BLUE INC. Serial Number: 74167149 |
|
|
|
|
UCC |
1. Debtor Names: ROSY BLUE INC. 529 FIFTH AVENUE, NEW YORK, NY 10017-0000, USA ROSY BLUE INC. 1180 AVENUE OF THE AMERICAS, NEW
YORK, NY 10036-0000, USA Secured Party Names: ABN AMRO BANK N.V. (SUCCESSOR BY MERGER TO
ALGEMENE BANK NEDERLAND N.Y.) NEW YORK BRANCH Not
Available ABN AMRO CAPITAL USA LLC 100 PARK AVENUE, NEW YORK, NY 10017, USA ABN AMRO BANK N.V. 565 FIFTH AVENUE, NEW YORK, NY 10017, USA 114363 06/06/1995 06/06/2000 Financing Statement 197262 09/15/1998 06/06/2000 Financing Statement Amendment 049198 03/13/2000 06/06/2005 Continuation 200502010159205 02/01/2005 06/06/2010 201005130259970 05/13/2010 06/06/2010 Financing
Statement Amendment 1 View 201005180270051 05/18/2010 06/06/2015 Continuation 201005215487127 05/21/2010 06/06/2015 Continuation 201403130134641 03/13/2014 06/06/2015 Assignment 2. Debtor Names: ROSY BLUE INC. 529 FIFTH AVENUE, NEW YORK, NY 10017-0000, USA Secured Party Names: ANTWERPSE DIAMANTBANK N.V.PELIKAANSTRAAT 54
B-2018, ANTWERPEN 00000-0000, BEL 233218 10/15/2002 10/15/2007 Financing Statement 200704178152084 04/17/2007 10/15/2012 Continuation 201209280551492 09/28/2012 10/15/2017 Continuation 201407250417125 07/25/2014 10/15/2017 Terminatio 3. Debtor Names: ROSY BLUE 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, GBR 200408030795067 08/03/2004 08/03/2009 Financing
Statement 200812020796836 12/02/2008 08/03/2009 Termination 4. Debtor Names: ROSY BLUE 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, GBR 200408030795093 08/03/2004 08/03/2009 Financing
Statement 200812020796824 12/02/2008 08/03/2009 Termination 5. Debtor Names: ROSY BLUE,INC. 529 5TH AVE FL 12, NEW YORK, NY 10017, USA Secured Party Names: ALMA DIAMONDS INC. 579,FIFTH AVE,SUITE # 600, NEW YORK, NY 10017, USA 200906028189747 06/02/2009 06/02/2014 Financing
Statement 200906228215051 06/22/2009 06/02/2014 Termination 6. Debtor Names: ROSY BLUE, 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 201009010482661 09/01/2010 09/01/2015 Financing
Statement 201312300719656 12/30/2013 09/01/2015 Assignment 201506090286906 06/09/2015 09/01/2015Termination 7. Debtor Names: ROSY BLUE, 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 201209126026365 09/12/2012 09/12/2017 Financing
Statement 201610030474841 10/03/2016 09/12/2017 Assignmen 8. Debtor Names: ROSY BLUE 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 201503030104601 03/03/2015 03/03/2020 Financing
Statement 201605090218600 05/09/2016 03/03/2020 Termination 9. Debtor Names: ROSY BLUE, 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 201504165397135 04/16/2015 04/16/2020 Financing
Statement 10. Debtor Names: ROSY BLUE, 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 201605060213349 05/06/2016 05/06/2021 Financing
Statement 11. Debtor Names: ROSY BLUE, INC. 529 5TH AVENUE, NEW YORK, NY 10017, USA ROSY BLUE TRADING INC. 529 5TH AVENUE, NEW YORK, NY 10017, USA ROSY BLUE JEWERLY INC. 529 5TH AVENUE, NEW YORK, NY 10017, USA Secured Party Names: FIRST NIAGARA BANK, N.A. 726 EXCHANGE STREET, BUFFALO, NY 14210,
USA COHEN AND WOLF PCQ 1115 BROAD STREET, BRIDGEPORT, CT
06604, USA 201605090219967 05/09/2016 05/09/2021 Financing
Statement 12. Debtor Names: ROSY BLUE, 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 201610030474891 10/03/2016 10/03/2021 Financing
Statement 13. Debtor Names: ROSY BLUE 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 201710040491815 10/04/2017 10/04/2022 Financing
Statement |
|
|
|
SUMMARY
|
|
|
|
Founded in 1974, Rosy Blue, Inc. is an organization in the
jewelry and precious stone companies industry located in New York, NY. It has
43 years of experience in the market. It is a small-sized company which has 28 full time
employees and generates an estimated $12.5 million in annual revenue. It operates as a subsidiary of Rosy Blue Investments Sarl,
which is located at Boulevard Prince Felix 63 Luxembourg. This is an ACTIVE company incorporated in NEW YORK since
1990. |
|
|
|
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH
FLOW |
Normal |
|
STATUS |
Active |
|
|
|
INTERVIEW
|
|
|
NAME |
Sameer |
|
POSITION |
Administrative |
|
COMMENTS |
He confirmed name, CEO’s name, address, website, related
companies, main activity. He refused to provide more information. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
|
USD |
1 |
INR 65.00 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.