MIRA
INFORM REPORT
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Report Date : |
31.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CLASSIC
COLLECTION, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
3/6/2006 |
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Line of Business : |
It is believed
that the Company is engaged as a wholesaler and retailer of fine jewelry. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: CLASSIC
COLLECTION, INC.
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90014
Country: UNITED
STATES
Telephone: 213
239 9822
Facsimile: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form:
Website: N/A
Business Activity:
NOTE TO CLIENT
The Correct legal
name of the Company is Classic Collection, Inc.
IMPERATIVES
A registration was
found under the name Classic Collection, Inc. in the state of
The Company was
contacted on August 31, 2007. The
president, Mr. Sanjay Dhingraja declined all information.
A variety of outside
sources consulted; business directories, registers as well as an extensive
internet search failed to add any insight into the activities of the Company. It
is believed that the Company is engaged as a wholesaler and retailer of fine
jewelry.
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
A search of public
revealed no Uniform Commercial Codes, fax number, legal issues, liens or
bankruptcy petitions in the Company's name.
This is a full
investigation.
LEGAL
Legal Form:
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name: CLASSIC
COLLECTION, INC.
Number: C2868647
Date Filed: 3/6/2006
Status: Active
Jurisdiction:
LOS
Registered
Agent: SANJAY DHINGREJA
LOS
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
Financial
information could not be obtained either directly from management or from
outside sources consulted.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
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. |
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%)