MIRA INFORM REPORT

 

 

Report Date :

28th February, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

KRIPA GEMS, INC.

 

 

Registered Office :

550 South Hill Street, Suite 1047, Los Angeles, California  90013, United States

 

 

Country :

United States

 

 

Date of Incorporation :

29.09.1997

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Engaged as a wholesaler of jewelry.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : KRIPA GEMS, INC.

Address                        : 550 SOUTH HILL STREET, SUITE 1047

City                              : LOS ANGELES

State/Province               : CALIFORNIA                            

Zip Code                       : 90013                       

Country                         : UNITED STATES               

Telephone                     : 213-622-0807                

Facsimile                      : N/A                         

Legal Form                    : Corporation - Private

Website                        : N/A

@rating Opinion :

Business Activity           : The Company is engaged as a wholesaler of jewelry.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

Number of Employees    : 2

 

 

NOTE TO CLIENT

 

Attempts were made to contact the Company however we were unable to reach Management. There has been no response to several attempts made to contact the Subject. Therefore, general information in this report cannot be substantiated.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 29/09/1997

State/Province of Incorporation    : CA

Status                                       : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Company is incorporated in the state of California:

 

KRIPA GEMS, INC.

Number             : C2018974  Date Filed: 9/29/1997  Status: active

Jurisdiction        : California

Address

608 S HILL ST STE 1112

LOS ANGELES, CA 90014

Agent for Service of Process

MARTIN SIMONE

3530 WILSHIRE BLVD STE 1600

LOS ANGELES, CA 90010

 

 

Managers/Key Personnel

 

Mr. Manish Parekh                      President

 

 

BANKS

 

CA

Telephone:

Facsimile:

Account Number:

Account Manager:

We could not obtain any bank information.

 

 

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

 

We could not obtain any financial information.

 

 

CURRENT OPERATIONS

 

NAICS Code      :   42194     Jewelry, Watch, Precious Stone and Precious Metal

SIC Code          :     5094

 

Number of Employees:               2

 

 

Business Activity

 

The Company is engaged as a wholesaler of jewelry.

 

 

TRADE REFERENCES

 

We could not obtain 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 Company is engaged as an established wholesaler of 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

 

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/normal.

 

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