MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
EMSARU JEWELS
CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15/03/2007 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Retailer, importer
and manufacturer of fine 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/normal. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: EMSARU
JEWELS CORP.
Address:
City:
State/Province:
Zip Code: 10020
Country: UNITED
STATES
Telephone: 212
459-9355
Facsimile: 212
459-9354
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
3
Legal Form: Corporation
- Private
Website: www.emsaru.com
Business Activity: The Firm is a retailer, importer and
manufacturer of fine jewelry.
NOTE TO CLIENT
Person Contacted:
Mr. Atul Dengayach, President.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 15/03/2007
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is registered in
Current Entity Name:
EMSARU JEWELS CORP.
Initial DOS Filing
Date: MARCH 15, 2007
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Selected Entity
Address Information DOS Process
EMSARU JEWELS CORP.
Registered Agent:
NONE
Managers/Key
Personnel
Mr. Atul
Dengayach President
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries at this time.
BANKS
Bank OF Americauu
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
A request for authorization
was faxed to management, if they respond the authorization will be forwarded to
the bank immediately.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
FINCL SVCS 07-06 07-01 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
BUS SERVCS 06-03 06-03 NET 30 0
0 0 0
0 0 0
FINCL SVCS 06-03 06-02 CONTRCT 0 0
0 0 0 0 0
CUST 1 YR
LEASING
05-06 00-00 CONTRCT 2400
0 0 0
0 0 0
CURRENT QUARTER 0 0
0 0 0
0 0
FINANCIAL INFORMATION
Mr. Dengayach stated
that at year end 2007 in December, he projects the Firm's sales to be in the
US$ 1-5 million range.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 3
Business Activity:
The Firm is a
retailer, importer and manufacturer of fine jewelry.
The Firm offer a
wide variety of fine jewelry such as: rings, earring, bracelets, anklets, cuff
links, watches, pendants and necklaces. The Firm uses precious metals and
stones such as: gold, silver, white gold, platinum, diamonds, rubies, emeralds
and pearls.
The heading address
is the Firm's sole location and consists of 1,500 square feet of leased office,
retail and storage space.
PUBLIC RECORD
No Uniform
Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a newly
established retailer, importer and manufacturer of fine jewelry. The payment
record is satisfactory. No Uniform Commercial Codes, tax liens or bankruptcy
petitions were traced to the Firm. The Firm is considered responsible for
normal trade relations.
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%)