MIRA
INFORM REPORT
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Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
USA BUSINESS INC |
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Registered Office : |
7500 Bellaire Boulevard Suite # 508, Houston, Texas 77036 |
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Country : |
United States |
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Date of Incorporation : |
23/03/1984 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Jewelry manufacturer and wholesaler. |
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 : USA BUSINESS INC
Trade Name(s) :
Herman Jewelers Inc
Address :
7500 BELLAIRE BOULEVARD SUITE #508
City :
HOUSTON
State/Province :
TEXAS
Zip Code :
77036
Country :
UNITED STATES
Telephone : 713
776-2600
Facsimile :
713 271-2202
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 3
Legal Form :
Corporation - Private
Website :
N/A
Business Activity :
AMERICAN BUSINESS INC., is a jewelry manufacturer and wholesaler. The company
specializes in manufacturing 14K gold and
some diamond jewelry.
NOTE TO CLIENT
Contact Person: Mr. Ratnani
Position: President
Special Note: The provided name
Herman Jewelers Inc. is a DBA for USA BUSINESS INC. for which a report follows.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 23/03/1984
State/Province of Incorporation: TX
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was incorporated in Texas under the following registration:
Company Information: USA BUSINESS INC
Address: 4800 SAN FELIPE ST STE 550
HOUSTON, TX 77056-3910
Status:
NOT IN GOOD STANDING
Registered Agent: HAROON R SHAIKH
4800 SAN FELIPE, STE 550
HOUSTON, TX 77056
Registered Agent
Resignation Date:
State of Incorporation:
TX
File Number:
0069738000
Charter/COA Date: March
23, 1984
Charter/COA Type:
Charter
Taxpayer Number:
30008311075
Managers/Key
Personnel
Mr. Ratnani
President
AFFILIATED ENTITIES
Mr. Ratnani stated that there were no affiliated or related companies.
BANKS
TX
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be obtained directly from
management.
PAYMENT HISTORY
There is no payment history for the Company.
FINANCIAL INFORMATION
Mr. Ratnani suggested a written request for all financial and supplier
references. When he responds the report
will be amended.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees: 3
Business Activity:
AMERICAN BUSINESS INC., is a jewelry manufacturer and wholesaler. The company specializes in manufacturing 14K
gold and some diamond jewelry.
Mr. Ratnani stated that the above address is the headquarters and sole
location of the Company, which operates on a leased facility.
PUBLIC RECORD
A nationwide search of legal and bankruptcy courts revealed no petitions
under the Subject's name.
GENERAL COMMENTS
USA BUSINESS INC., is a jewelry manufacturer located in Texas and
engaged in business for 23 years.
Furthermore, there is no payment history, no legal records and no
bankruptcy petitions filed by the Company.
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%)