MIRA INFORM REPORT

 

 

Report Date :

05.10.2007

 

IDENTIFICATION DETAILS

 

Name :

REFLECTIONS DIAMONDS INC

 

 

Registered Office :

550 S Hill St, Los Angeles, CA 90013-1002

 

 

Country :

United States

 

 

Date of Incorporation :

02/05/1992

 

 

Legal Form :

Institutions – Profit

 

 

Line of Business :

Wholesaling Of Durable Goods, Jewelry & Precious Stones

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

REFLECTIONS DIAMONDS INC
550 S HILL ST
LOS ANGELES, CA 90013-1002
(213) 488-0804

Business Identification Number:

798085441

File Established:

04/1993

Date of Incorporation:

02/05/1992

SIC code: 

DURABLE GOODS, NEC, WHLSNG - 5099

 

Executive Summary

 

 

  Current DBT range compared to all industries*

0 DBT
($96,300 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 4 DBT



  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


0

 


0

 


0

 


0

 


0

 

0

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 



  7 month DBT trends

 

90+

60

30

 


0

 


0

 


0

 


0

 


0

 


0

 


0

 

0

Mar07

Apr07

May07

Jun07

Jul07

Aug07

Current

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

0

Total continuous trades:

2

Current continuous trade balance:

$96,300

Trade balance of all trades (3):

$96,300

Average balance previous 5 quarters:

$19,180

Highest credit amount extended: details

$96,300

6 month balance range:

$0 - $96,300



Performance Analysis

Predicted DBT for 11/28/2007: 1 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CONTRCT, and CREDIT

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

 

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Trade Payment Information

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 ADVERTISNG

09/2007

 

NET 30

 

 

$0

 

 

 

 

 

CUST 4 YR

+BANK

08/2007

08/2007

CONTRCT

 

$96,300

$96,300

100%

 

 

 

 

 

 

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

2

 

 

$96,300

$96,300

100%

 

 

 

 

DBT: 0

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

2

 

 

$96,300

$96,300

100%

 

 

 

 

DBT: 0

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 PACKAGING

09/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 3 YR

 

Monthly Payment Trends

 

 

Payment Trends Analysis
DURABLE GOODS, NEC, WHLSNG INDUSTRY SIC: 5099

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

0

$96,300

 

100%

 

 

 

 

AUG07

87%

4

0

$96,300

 

100%

 

 

 

 

JUL07

88%

5

0

$96,300

 

100%

 

 

 

 

JUN07

88%

5

0

$95,500

 

100%

 

 

 

 

MAY07

87%

5

0

$0

 

 

 

 

 

 

APR07

89%

4

0

$0

 

 

 

 

 

 

MAR07

90%

3

0

$0

 

 

 

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q2 - 07

APR-JUN

0

$0

 

 

 

 

 

 

Q1 - 07

JAN-MAR

0

$0

 

 

 

 

 

 

Q4 - 06

OCT-DEC

0

$0

 

 

 

 

 

 

Q3 - 06

JUL-SEP

0

$95,900

 

100%

 

 

 

 

Q2 - 06

APR-JUN

0

$0

 

 

 

 

 

 

 

Company Background Information

 

 

Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF CALIFORNIA

State of Origin: CA

Date of Incorporation: 02/05/1992

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 01702737


Agent: JOHN HANASSAB

Agent Address: 550 S HILL ST STE 551 LOS ANGELES, CA

 

 

 

Additional Company Background Information

 

Key Personnel

Principal(s): 

JOHN HANASSAB, PRESIDENT


Operating Information

Business Type: Institutions


Primary SIC Code: DURABLE GOODS, NEC, WHLSNG - 5099

Secondary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094


Number of Employees: 5

 

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.

 

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