MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
MANAK JEWELS INC |
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Registered Office : |
101, |
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Country : |
United State |
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Date of Incorporation : |
1975 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
The subject is engaged in the retail of diamonds and designer jewelry. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : MANAK JEWELS, INC.
Trade Name(s) : MANAK JEWELS
Address :
101
City :
State/Province :
Zip Code : 94103
Country : UNITED STATES
Telephone : 415 855 4768
Facsimile : 415 255-0654
Website : www.manakjewels.com
Founded (D/M/Y) : 1975
Number of Employees : 6
Legal Form : Corporation – Private
As of:
Total Equity:
Net Income:
Sales / Revenue:
Business Activity : The subject is engaged in the retail of diamonds and designer jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Ambrish Sethi, President. Mr. Sethi declined to provide any information, therefore the details in this report could not be confirmed.
NOTE: The provided name; MANAK J.C. is incorrect. The Firm's correct name is MANAK JEWELS INC.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 08/12/1997
State/Province of Incorporation : CA
Status : ACTIVE
Previous Legal Form : Company is NOT required to publish an annual financial report.
The Firm is incorporated in
Name : MANAK JEWELS, INC.
Number : C2062711
Date Filed : 12/8/1997
Status : Active
Jurisdiction :
Address :
Agent for Service of Process
MAHYAR IRANI
1520 THE
Managers/Key
Personnel
Mr. Ambrish Sethi President
AFFILIATED ENTITIES
This company is affiliated to the Firm by common ownership of Mr. Sethi: SUPERB JEWELSTAR, INC.
There are no known subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Count Number:
Account Manager:
Management declined to provide the name of the Firm's Primary bank and outside sources provided no additional information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 07-06 0000000 2400
300 100 0 0
0 0 CUST
7 YR
BUS SERVCS 06-09 06-09 NET 30 0
0 0 0
0 0 0
FINCL SVCS 05-10 04-02 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
GENERAL
05-02 99-02 NET 30 0 0
0 0 0
0 0 CUST 19 YR
CURRENT QUARTER 2400 300
100 0 0 0 0
FINANCIAL INFORMATION
Mr. Sethi declined to provide financial statements or annual sales. A written inquiry was also declined, therefore the Firm's condition could not be evaluated.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees : 6
Business Activity : The subject is engaged in the retail of
diamonds and designer jewelry. In addition, the Subject also offers natural colored
diamonds, beads, art deco jewelry, diamond beads, briolettes and much more.
Sales are to the general public in the greater
Outside sources indicate the manufacturing facilities are in
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
Manak Jewels, Inc. is a well established firm, engaged in the retail of high end jewelry. The payment record is satisfactory. No derogatory information was noted. We believe the Subject is suitable for normal trade relationships.
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%)