MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
I & P USA CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03/03/1997 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Wholesale and
distribution of jewelry. |
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 : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: I
& P USA CORP.
Address:
City:
State/Province:
Zip Code: 10017
Country: UNITED
STATES
Telephone: 212
207-3424
Facsimile: 212
207-3426
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
3
Legal Form: Corporation
- Private
Website: No
Website
Business Activity: The Firm is engaged in the wholesale
and distribution of jewelry.
NOTE TO CLIENT
Contact: Julia ( no last
name provided) Financial Controller
declined all financial information per strict business policy.
The Company was
forward a fax requesting financial information. Currently we have not received
a response.
LEGAL
Legal Form: Corporation - Private
Since (D/M/Y): 03/03/1997
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
Selected Entity
Name: I & P USA CORP.
Selected Entity
Status Information Current Entity Name: I &
P USA CORP.
Initial DOS Filing
Date: MARCH
03, 1997
County:
Jurisdiction:
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
I & P USA CORP.
IGAI ISMAILI
Chairman or Chief
Executive Officer
Managers/Key
Personnel
Mr. IGAI
ISMAILI Chairman
& Chief Executive Officer
AFFILIATED ENTITIES
There are no known
affiliated companies or subsidiaries.
BANKS
Deferred
Telephone:
Facsimile:
Account Number:
Account Manager:
I & P USA CORP. declined to provide the name and account
number for the Company's primary bank citing confidentiality. Thus, we are
unable to furnish account reference information.
PAYMENT HISTORY
The Firm is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
We could not obtain
any financial information and outside sources provided no insight into the
financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees
: 3
Business Activity:
The Firm is engaged
in the wholesale and distribution of jewelry.
The Company focuses
on wholesale of fine diamonds. The subject specializes in stones that weigh one
carat and up, in all shapes, colors and clarities most of the stones are G.I.A.
certified.
The above address is
the headquarters and believed to be the sole location for this firm.
PUBLIC RECORD
A search of public revealed
no Uniform Commercial Codes, legal actions or bankruptcy petitions.
GENERAL COMMENTS
The Company has been
operating since 1997, engaged as a wholesaler and distributor of jewelry. The
Firm is not a seeker of local trade credit and as such a significant payment
record could not be developed. No public records were trace to the Firm.
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%)