MIRA INFORM REPORT

 

 

Report Date :

17.04.2007

 

IDENTIFICATION DETAILS

 

Name :

JB LUXURY

 

 

Registered Office :

1641 Allesandro Street Suite 500, Los Angeles, California - 90025                       

 

 

Country :

United States               

 

 

Line of Business :

Engaged as a wholesaler jeweler.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NR

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 


IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            JB LUXURY

Address:                       1641 ALLESANDRO STREET SUITE 500

City:                             LOS ANGELES

State/Province:              CALIFORNIA                           

Zip Code:                      90025                       

Country:                                    UNITED STATES               

Telephone:                    213 413-1800                

Facsimile:                     213 413-1976

As of:

Sales / Revenue:

Net Income:

Total Equity:

Legal Form:

Website:                       N/A

Business Activity:          It is understood that the Firm is engaged as a wholesaler jeweler.

 

 

NOTE TO CLIENT

 

Attempts to reach management was unsuccessful, the Company was called several times from April 9 to April 13, 2007.  Numerous voicemails were left, but no one responded and a written request was sent.  If someone responds the report will be amended.  The information in the report was retrieved from outside sources and has not been confirmed by management.

 

 

IMPERATIVES

 

A nationwide search of the Secretaries of State's Offices including Dealware failed to locate a corporate registration under the name JB LUXURY. No fictitious name registrations were found for the Company.

 

The above address, phone number and fax numbers are correct and it should be noted that all of the mentioned firms use these numbers.

 

There is no website for the Company.

 

There are seven known businesses located at the above address 1623 Allesandro Street Suite 500, Los Angeles, California, 90026.  These businesses include: LUCAS USA, LUCAS DESIGN INC., JB-DM JEWELRY, JB LUXURY, JB BRIDAL LINE LLC, JB BRIDAL LINE INC, and COLORON JEWELRY. At this time, it could not be established if these companies/businesses are connected in any way. It is believed that this address/building leases office space, furniture and provides clerical help. The receptionist could not provide any information on any of the above mentioned firms.

 

A nationwide search of legal litigations and bankruptcy courts revealed no bankruptcy petitions under the Subject's name.

 

In addition, there is no payment history for the Company.

 

This is a full report.

 

 

LEGAL

 

Legal Form:

Previous Legal Form:

Company is NOT required to publish an annual financial report.

 

 

FINANCIAL INFORMATION

 

No financial details could be obtained either directly from management or from outside sources consulted.

 

 

CURRENT OPERATIONS

 

NAICS Code:   42194     Jewelry, Watch, Precious Stone and Precious Metal

SIC Code:     5094

 

Business Activity:

It is understood that the Firm is engaged as a wholesaler jeweler.

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

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