MIRA INFORM REPORT

 

 

Report Date :

22.12.2007

 

IDENTIFICATION DETAILS

 

Name :

ITAL GOLD INC

 

 

Registered Office :

607 S Hill St Ste 314, Los Angeles, Ca 90014-1787

 

 

Country :

United States

 

 

Date of Incorporation :

01/1985

 

 

Legal Form :

Institutions

 

 

Line of Business :

Real Estate Agents and Managers

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

ITAL GOLD INC
607 S HILL ST STE 314
LOS ANGELES, CA 90014-1787
(213) 623-2206

Business Identification Number:

798157897

File Established:

01/1985

Date of Incorporation:

12/30/1993

SIC code: 

REAL ESTATE AGENTS AND MANAGERS - 6531

 

Executive Summary

 

 

  Intelliscore for ITAL GOLD INC

 

 

85.71

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


LOW RISK
97% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

FEW, IF ANY, TRADES WITH A HIGH BAL TO HIGH CRED LIMIT RATIO

RISK ASSOCIATED WITH COMPANY'S INDUSTRY IS HIGHER THAN AVG

NUMBER OF GOOD ACCOUNTS

NUMBER OF CURRENT ACCOUNTS



  Current DBT range compared to all industries*

0 DBT
($1,200 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 8 DBT

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 01/04-08/06)

2

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

1

Highest DBT previous 5 quarters:

1

Total continuous trades:

3

Current continuous trade balance:

$1,200

Trade balance of all trades (5):

$1,700

Average balance previous 5 quarters:

$2,020

Highest credit amount extended: details

$7,600

6 month balance range:

$500 - $1,800

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

 

 

 

 

  7 month DBT trends

 

90+

60

30

 


0

 


0

 


1

 


0

 


0

 


0

 


0

 

0

Jun07

Jul07

Aug07

Sep07

Oct07

Nov07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


1

 


0

 


0

 


0

 


0

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 02/13/2008: 1 DBT

Payment Trend Indication:
Are Stable

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and 0000000

 

 

 

Trade Payment Information

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 ADVERTISNG

12/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 4 YR

+AIR TRANS

10/2007

 

 

 

$7,600

$700

100%

 

 

 

 

CUST 14 YR

+OFFC SUPPL

11/2007

09/2007

CREDIT

 

$1,000

$500

100%

 

 

 

 

 

 

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

3

 

 

$8,600

$1,200

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

3

 

 

$8,600

$1,200

100%

 

 

 

 

DBT: 0

 

 

 

 

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 AIR TRANS

11/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

=GENERAL

02/2005

09/2004

NET 60

 

$700

$500

100%

 

 

 

 

CUST 13 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
REAL ESTATE AGENTS AND MANAGERS INDUSTRY SIC: 6531

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

0

$1,200

 

100%

 

 

 

 

NOV07

84%

8

0

$1,200

 

100%

 

 

 

 

OCT07

84%

8

0

$700

 

100%

 

 

 

 

SEP07

84%

8

0

$1,800

 

97%

3%

 

 

 

AUG07

89%

6

1

$1,300

 

96%

4%

 

 

 

JUL07

92%

4

0

$500

 

100%

 

 

 

 

JUN07

92%

4

0

$1,800

 

100%

 

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

0

$1,200

 

97%

3%

 

 

 

Q2 - 07

APR-JUN

0

$1,000

 

100%

 

 

 

 

Q1 - 07

JAN-MAR

0

$2,300

 

100%

 

 

 

 

Q4 - 06

OCT-DEC

0

$2,100

 

100%

 

 

 

 

Q3 - 06

JUL-SEP

1

$3,500

 

95%

5%

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

BUREAU

 

 

 

1

 

 

 

 

 

Totals

 

 

 

1

 

 

 

 

 

UCC Profile

 

The UCC Filings are summarized and listed below.

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

1

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

1

 

1

 

Total

 

 

2

 

1

 

 

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

 

Back to top

 

  UCC Filings

 

UCC FILED Date: 08/30/2006

Filing Number: 067083416792

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: SOVEREIGN BANK RI PROVIDENCE 02903 1 FINANCIAL PLAZA, 3RD FL

Collateral:  


UCC FILED Date: 01/13/2004

Filing Number: 200401130042994

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: SUASHISHSTAR INC. NY NEW YORK 10019 1285 AVENUE OF THE AMERI

Collateral: UNDEFINED


UCC CONTINUED Date: 08/18/1997

Filing Number: 97232C0570

Original Filing Date: 02/11/1993

Original Filing Number: 93030427

Original Filing State: CA

Jurisdiction: SEC OF STATE CALIFOR

Secured Party: WELLS FARGO BK CA SAN JOSE 95113 177 PARK CENTER PLZ

Collateral:  

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 12/30/1993

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 01736150


Agent: MOUSSA JAVAHERI

Agent Address: 607 S HILL ST STE 325 LOS ANGELES, CA

 

Back to top

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

KEN GHOLIAN, VICE PRESI

 

NOOROLLAH YADEGA

 

NOOROLLAH YADEGAR


Operating Information

Business Type: Institutions


Primary SIC Code: REAL ESTATE AGENTS AND MANAGERS - 6531

Secondary SIC Code: JEWELRY, PRECIOUS METAL - 3911

Additional SIC Code: 5094


Number of Employees: 7

 

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.

 

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