MIRA
INFORM REPORT
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Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KING
JEWELRY IMPORTS |
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Registered Office : |
550 S Hill Street Suite 640, Los Angeles, California 90013, United States |
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Country : |
United
States |
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Date of Incorporation : |
1980 |
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Legal Form : |
General Partnership |
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Line of Business : |
Importer and Wholesaler of gold and diamond |
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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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : KING JEWELRY
IMPORTS
Address : 550 S HILL
STREET SUITE 640
City : LOS
ANGELES
State/Province : CALIFORNIA
Zip
Code :
90013
Country : UNITED
STATES
Telephone : 213-622-4048
Facsimile :
213-629-0876
Legal
Form :
General Partnership
Website : N/A
@rating
Opinion :
Business
Activity : The Company
is an importer and wholesaler of gold and diamond
jewelry.
Founded
(D/M/Y) : /
/1980
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 3
NOTE TO CLIENT
Person
Contacted: Mr Moses Hanasab,
Co-Owner. Mr. Hanasab verified and
updated the information presented to him.
LEGAL
Legal
Form : General Partnership
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Please
note that as a general partnership the subject is not required to register in
the state of California.
Managers/Key Personnel
Mr.
Moses Hanasab
Co-Owner
Please
note that Mr. Hanasab is one of three owners in the General Partnership.
The
Company's other two owners are members of the Hanasab family, however, he
declined to spell their first names for this report.
The
Company has no subsidiaries or affiliates.
BANKS
Cedars
Bank
Los
Angeles CA
Telephone : 213 627-7799
Facsimile : 213 330-2084
Account
Number :
Account
Manager :
Mr.
Hanasab declined to provide account information for this bank.
Bank
Leumi
Los
Angeles CA
Telephone : 305 792-4996
Facsimile : 305 377-6542
Account
Number :
Account
Manager :
Mr.
Hanasab declined to provide account information for this bank.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
ADVERTISNG 06-10 00-00 NET 30
0 0 0
0 0 0 0 CUST
3 YR
BANK 06-10 06-09
CONTRCT 50000 0 0
0 0 0 0
TELECOM 06-11 00-00 NET
30 11000 600 100 0 0
0 0
TELECOM 06-11 00-00 NET
30 0 0 0 0
0 0 0
CRED CARD 06-08 06-08
N30PRXO 600 400 100 0
0 0 0 CUST 9 YR
GENERAL 05-02 99-07 NET
30 0 0 0 0
0 0 0 CUST 6 YR
UTILITY 05-09 00-00 NET
30 2100 2100 100 0 0
0 0 CUST 18 YR
CURRENT QUARTER
61000 600 100 0
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE
CUR 1- 31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061100 0 5 0 600 100 0
0 0 0
20061000 0 5 0 500 100 0 0 0
0
20060900 0 5 0 500 100 0
0 0 0
20060800 0 6 0 11000 100 0
0 0 0
20060700 0 6 0 0 0
0 0 0 0
20060600 0
5 0 0 0 0 0
0 0
FINANCIAL INFORMATION
Mr.
Hanasab declined to provide financial statement information for this report,
citing company policy.
CURRENT OPERATIONS
NAICS
Code :
42194 Jewelry, Watch, Precious Stone
and Precious Metal
SIC
Code : 5094
Number
of Employees : 3
Business Activity
The
Company is an importer and wholesaler of gold and diamond jewelry.
The
Company imports worldwide including India, and China.
The
heading address is the sole location for the Subject. The facility consists of leased office space.
PUBLIC RECORD
A
search of public revealed no derogatory information, Uniform Commercial Codes,
or bankruptcy petitions.
GENERAL COMMENTS
The
Subject, founded in 1980, is engaged as an importer wholesaler gold and diamond
jewelry. The payment record is
generally satisfactory and the operating history is clear. No derogatory information or bankruptcy
petitions were reported or noted. The
Company is responsible for normal business transactions.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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