MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NEON GEMS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28/08/1998 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Wholesaler of fine
jewelry. |
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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: NEON
GEMS, INC.
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90013
Country: UNITED
STATES
Telephone: 213
627-0433
Facsimile: 213
627-9247
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Firm is a wholesaler of fine
jewelry.
NOTE TO CLIENT
Person Contacted:
Ms. Nina Jain, Vice President.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 28/08/1998
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Firm is
incorporated in
Corporation: NEON
GEMS, INC.
Number: C2092470
Date Filed: 8/28/1998
Status: Active
Jurisdiction:
Agent for Service of Process:
NIRMAL R. JAIN
Managers/Key
Personnel
Mr. Nirmal R.
Jain President
Ms. Nina Jain Vice President
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined
to provide the name of the Firm's primary bank and outside sources provided no
additional information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-05 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
TELECOM
07-05 00-00 NET 30 100 100
100 0 0 0 0
BUS SERVCS 06-03 06-03 NET 30 0
0 0 0 0 0 0
GENERAL
04-11 98-01 NET 30 0 0
0 0 0
0 0 CUST
8 YR
TELECOM
06-11 00-00 NET 30 200 100
100 0 0 0 0
CURRENT QUARTER 100 100
100 0 0 0 0
Payment
Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070500
0 5 0 100 100 0
0 0 0
20070400
0 4 0 100 100 0
0 0 0
20070300
0 5 0 100 100 0
0 0 0
20070200
0 5 0 100 100 0
0 0 0
20070100
0 4 0 100 100 0
0 0 0
20061200
0 4 0 100 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2007 0 100 100 0
0 0 0
Fourth
2006 0 100 100 0
0 0 0
Third
2006 0 100 100 0
0 0 0
Second
2006 0 100 100 0
0 0 0
First
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Ms. Jain declined to
provide financial statements, however stated that the Firm generates sales 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: 5
Business Activity:
The Firm is a
wholesaler of fine jewelry.
The Firm offers a
large range of fine jewelry such as: rings, bracelets, watches, cufflinks,
earrings, anklets, necklaces and pendants. The Firm specializes in sell loose
stones such as: diamonds, rubies, emeralds and pearls.
The heading address
is the Firm's sole location.
PUBLIC RECORD
No Uniform
Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established
wholesaler of 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%)