MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KRIPA GEMS INCREMENT |
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Registered Office : |
550 SOUTH HILL
STREET, SUITE 1047 |
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Country : |
United States |
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Date of Incorporation : |
29.09.1997 |
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Legal Form : |
Corporation Private |
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Line of Business : |
The Company is
engaged as a wholesaler 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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : KRIPA GEMS, INC.
Trade Name :
Address : 550 SOUTH HILL STREET, SUITE 1047
City : LOS ANGELES
State/Province : CA
Zip Code : 90013
Country : UNITED STATES
Telephone : 213-622-0807
Facsimile : 213-622-1606
URL N/A
Legal Form : Corporation - Private
Shareholder : Mr. Manish Parekh
Business Activity : The Company is engaged as a wholesaler of
jewelry.
Founded (D/M/Y) : -
Sales / Revenue : -
Net Income : -
Total Equity : -
Number of Employees : 3
NOTE TO CLIENT
Mr. Munish Barekh,
President, provided the following information in this report.
LEGAL
Legal Form : Corporation - Private
Incorporation State CA
Status : ACTIVE
Since (D/M/Y) : 29/09/1997
The company is NOT
required to publish an annual financial report.
CALIFORNIA CORPORATE REGISTRY:
KRIPA GEMS, INC.
Number: C2018974 Date Filed
: 9/29/1997 Status: active
Jurisdiction : California
Address
: 608 S HILL ST STE 1112, LOS ANGELES, CA 90014
Agent for Service of Process : Martin Simone,3530 Wilshire Blvd Ste 1600,Los Angeles, Ca 90010
MANAGERS / KEY PERSONNEL
Mr. Manish Parekh President
Owners
Mr. Manish Parekh
Majority
AFFILIATED COMPANIES
Management reports
no affiliates or subsidiaries.
BANKS
Bank of America
State/Province : CA
Country : UNITED STATES
Telephone : 213-312-9000
The above bank requires
an account number and signed authorization which Management decined to provide.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant payment record could not be
developed.
Moreover, Mr. Barekh declined to provide supplier references.
FINANCIAL INFORMATION
Management declined
to provide detailed financial information however Mr. Barekh did indicate an
annual net sales figure in the USD 6 million range.
CURRENT OPERATIONS
SIC Code : 5094
NAICS Code : 42194, Jewelry,
Watch, Precious Stone and Precious Metal Wholesalers
Number of Employees : 3
Business Activity : The Company is engaged
as a wholesaler of jewelry.
The headquarters
and sole location are at the heading address.
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.
COMMENTS
The Company is engaged as an established wholesaler of 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%)