MIRA
INFORM REPORT
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Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PARAS INTERNATIONAL INC
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Registered Office : |
6222 Richard Suite No. 375, Houston, Texas - 77057 |
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Country : |
United States |
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Date of Incorporation : |
09/02/1990 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of jewelry and precious stones. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: PARAS INTERNATIONAL INC
Address: 6222 RICHARD SUITE NO. 375
City: HOUSTON
State/Province: TEXAS
Zip Code: 77057
Country: UNITED STATES
Telephone: 713 974-2600
Facsimile: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation - Private
Website: N/A
Business Activity: PARAS
INTERNATIONAL INC, is a wholesaler of jewelry and precious stones.
NOTE TO CLIENT
Contact Person: Mr. Bam
Position: Financial
Controller
Please note that Management members are currently on vacation and will
be back next week. Mr. Bam was not available after many attempts; thus voice
messages were left and a written request was sent. If he responds the report will be amended. The information in the report was retrieved
from outside sources and has not been confirmed by management.
Special Note: Regarding the request for a report on PARAS
INTERNATIONAL. Please be advised that
the correct legal name for this firm is PARAS INTERNATIONAL INC.
The name of the Company's Directors could not be identified.
LEGAL
Legal Form: Corporation
– Private
Since (D/M/Y): 09/02/1990
State/Province of Incorporation: TX
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of Texas under the following
registration:
Company Information: PARAS
INTERNATIONAL INC
6222 RICHMOND AVE STE 375
HOUSTON, TX 77057-6238
Status: IN GOOD STANDING NOT FOR
DISSOLUTION OR WITHDRAWAL through May 15, 2007
Registered Agent: SUBODH D MEHTA
6222 RICHMOND #375
HOUSTON, TX 77057
State of Incorporation: TX
File Number:
0114227600
Charter/COA Date:
February 9, 1990
Charter/COA Type: Charter
Taxpayer Number:
17602992418
Managers/Key
Personnel
Mr. Samir, S, Mehta
Director
Mr. Parag, S, Mehta
Director
Mr. Subodh, D, Mehta
President
AFFILIATED ENTITIES
Outside sources failed to add an insight into affiliated or related
companies.
BANKS
TX
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained directly from
management.
PAYMENT HISTORY
The Company does not appear to be a seeker of local trade credit and as
such a payment record could not be developed.
FINANCIAL INFORMATION
Outside sources failed to add any insight into the current financial
situation of the Firm.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Business Activity:
PARAS INTERNATIONAL INC, is a wholesaler of jewelry and precious
stones. The above branch is the only
known location for the Subject.
PUBLIC RECORD
A nationwide search of legal litigations and bankruptcy courts revealed
no bankruptcy petitions under the Subject's name.
GENERAL COMMENTS
PARAS INTERNATIONAL INC, is a wholesaler of jewelry and precious
stone. There is no payment history for
the Subject, and there are no litigations taken against the Subject. In addition, a nationwide search of public
files and bankruptcy courts revealed no
under the Subject's name.
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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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%)