MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LOTUS COLORS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.08.2004 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as an importer and wholesaler of loose diamonds and a manufacturer of diamond jewellery. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : LOTUS COLORS INC.
Address :
City :
State/Province :
Zip Code : 11036
Country : UNITED STATES
Telephone : 213 730-4323
Facsimile : 212 730-8494
As of :
Sales / Revenue :
Net Income :
Total Equity :
Legal Form : Corporation - Private
Website : www.lotuscolors.net
Business Activity : The Subject is engaged as an importer and wholesaler of loose diamonds and a
manufacturer of diamond jewelry.
NOTE TO CLIENT
Mr. Rahul (last name and title not provided) declined to provide any information regarding the Company. Thus, general information contained in this report cannot be substantiated.
Number of employees could not be determined.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 09/08/2004
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in
Entity Name : LOTUS COLORS INC.
Initial DOS Filing Date : AUGUST 09, 2004
County :
Jurisdiction :
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
LOTUS COLORS INC.
Principal Executive
Office
LOTUS COLORS INC.
Registered Agent
NONE
Managers/Key Personnel
Mr. Nilesh Jain Chairman & Chief Executive Officer
AFFILIATED ENTITIES
The Company's website reports the following subsidiaries:
LOTUS DIAGEMS CO., LTD.
Tel : (66-2) 237-1146
Fax : (66-2) 237-8487
E-mail : bkk@lotuscolors.net
Contact : Mr. Rajni Doshi
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LOTUS CREATIONS
Taito-ku,
Tel : (81-3) 5807-3737
Fax : (81-3) 5807-3738
E-mail : tokyo@lotuscolors.net
Contact : Mr. Vikas Jain
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MUMBAI
RAJENDRA ENTERPRISES
1303 Panchratna
Opera House, Mumbai 400004
Tel : (91-22) 2369-2130
Fax : (91-22) 2364-2130
E-mail : mumbai@lotuscolors.net
Contact : Mr. Rajendra Karnavat
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Company's primary bank.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant payment record could not be developed.
FINANCIAL INFORMATION
Management declined to provide any financial information and outside sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
NAICS Code: 339911 Jewelry (except Costume) Manufacturing
NAICS Code: 5419 Other Professional, Scientific and Technical Servi
Business Activity
The Subject is engaged as an importer and wholesaler of loose diamonds and a manufacturer of diamond jewelry.
They offer both natural and color enhanced diamonds. In addition, the Firm also provides consulting services regarding the purchase and sales of diamonds as well as grading services.
The headquarters are at the heading address. The Company's website reports additional locations worldwide.
TRADE REFERENCES
Management declined to provide any supplier references.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
The Subject is engaged as importers and wholesalers of loose diamonds and manufacturers of diamond jewelry. No payment records were found and a search of public records and bankruptcy courts revealed no derogatory information or record of the Company filing a bankruptcy petition.
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. |
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%)