MIRA
INFORM REPORT
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Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ORO JEWELLS USA INC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
-- |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
The Subject operates as a jewelry store |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : ORO JEWELLS USA INC.
Address :
City :
State/Province :
Zip Code :
10036
Country :
UNITED STATES
Telephone : 212
-944-8664
Facsimile :
212-944-8663
Legal Form :
Sole Proprietorship
Website : No
web site available
Business Activity : The
Subject operates as a jewelry store.
As of :
31/12/2006
Sales / Revenue : 500,000
Net Income : --
Total Equity : --
Number of Employees : 1
NOTE TO CLIENT
Person Contacted: Mr. Asit Shrimal, Owner.
Mr. Shrimal provided very limited information for this report. He would
not comment on the legal status of the Company, however we beleive the Subject
operates as a Sole Proprietorship.
Mr. Shrimal is the only employee at the Company.
LEGAL
Legal Form :
Sole Proprietorship
Previous Legal Form : None
Company is NOT required to publish an annual financial report.
We were unaable to find a registration for the Company in
Managers/Key
Personnel
Mr. Asit Shrimal Owner
AFFILIATED ENTITIES
There are no existing affiliates or subsidiaries.
BANKS
CHASE BANK OF
Apart from the bank name, the Subject declined to provide any detailed
account information.
PAYMENT HISTORY
There was no payment history found on the Subject.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales / Revenues 500,000 - -
The Company would not disclose any detailed financial information when
contacted citing company policy, however annual sales were reported to be in
the US$ 500,000 range.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code : 5094
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious
Metal
Number of Employees
1
Business Activity
The Subject operates as a jewelry store.
The heading address is the sole location for the Company.
PUBLIC RECORD
There were no judicial filings found on the Subject.
A search of bankruptcy courts revealed no record of a Company by this
name filing for bankruptcy.
GENERAL COMMENTS
The Subject operates as a jewelry store. No significant payment record could
be developed for the Company, there were no filings found against the Company.
Since we were unable to learn enough information about the firm, its total
condition cannot be evaluated at this time.
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%)