MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
LOTUS COLORS INC. |
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Registered Office : |
576 5th Avenue, Suite 1104, New York, New York 11036, United States |
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Country : |
United States |
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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 : 576 5TH AVENUE, SUITE 1104
City : NEW YORK
State/Province : NEW YORK
Zip Code : 11036
Country : UNITED STATES
Telephone : 213 730-4323
Facsimile : 212 730-8494
Legal Form : Corporation - Private
Website : www.lotuscolors.net
@rating Opinion :
Business Activity : The Subject is engaged as an importer and wholesaler of loose diamonds and a
manufactuer of diamond jewelry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
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 New York State:
Entity Name : LOTUS COLORS INC.
Initial DOS Filing Date : AUGUST 09, 2004
County : QUEENS
Jurisdiction : NEW YORK
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.
576 FIFTH AVE #1104
NEW YORK, NEW YORK, 10036
Registered
Agent
NONE
Managers/Key Personnel
Mr. Nilesh Jain Chairman & Chief Executive Officer
AFFILIATED ENTITIES
The Company's website reports the following subsidiaries:
Thailand
LOTUS DIAGEMS CO., LTD.
Jewelry Trade Center, Suite # 2707
Silom Road, Bangkok 10500
Tel : (66-2) 237-1146
Fax : (66-2) 237-8487
Mobile : (66-1) 821-1787
E-mail : bkk@lotuscolors.net
Contact : Mr. Rajni Doshi
==
Japan
LOTUS CREATIONS
Taito-ku, Tokyo 110-0005
Tel : (81-3) 5807-3737
Mobile : (81-90) 4091-8434
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
Mobile : (91) 93232-12130
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 manufactuer of diamond jewelry.
They offer both natural and color enchanced 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/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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