MIRA
INFORM REPORT
|
Report Date : |
30.08.2007 |
IDENTIFICATION
DETAILS
|
Name : |
FINE FACETS, INC. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02/05/2005 |
|
|
|
|
Legal Form : |
Corporation - Private |
|
|
|
|
Line of Business : |
Jewelry wholesaler. |
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: FINE FACETS, INC.
Address:
City: LOS ANGELES
State/Province:
Zip Code: 90014
Country: UNITED STATES
Telephone: 213 228-0080
Facsimile: 213 228-0070
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 1
Legal Form: Corporation - Private
Website: No web site available
Maj. Shareholder: Mr. Neha Shah
Business Activity: The
Company operates as a jewelry wholesaler.
NOTE TO CLIENT
Person Contacted: Mr. Neha Shah, President
Mr. Neha Shah provided information for this report.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 02/05/2005
State/Province of Incorporation: CA
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
FINE FACETS, INC.
Number: C2738451
Date Filed: 5/2/2005
Status: active
Jurisdiction:
Address
LOS
Agent for Service
of Process
NEHA SHAH
LOS
Managers/Key
Personnel
Mr. Neha Shah
President
OWNERS
Mr. Neha Shah
% Majority
AFFILIATED ENTITIES
There are no subsidiaries, divisions, parent company or affiliated
companies.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank was declined by management.
PAYMENT HISTORY
The firm is not a large seeker of local trade credit as a significant
payment record could not be developed.
FINANCIAL INFORMATION
Mr. Shah would not disclose any financial information when contacted
citing company policy. Outside sources failed to add any insight into the
condition of the firm.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
1
Business Activity:
The Company operates as a jewelry wholesaler. The Subject imports loose diamonds and gold jewelry.
The above address is the headquarters for the Firm which consist of 400
square feet of leased office space. There are no branch locations.
TRADE REFERENCES
Supplier references were declined by Mr. Shah.
PUBLIC RECORD
There were no filings found against the Company.
A search of bankruptcy courts revealed no record of a Company by this
name filing for bankruptcy.
GENERAL COMMENTS
Fine Facets, Inc., incorporated in 2005, engaged as a wholesaler of
loose diamonds and jewelry. No payment record could be developed. Management
declined all financial details and supplier references. No derogatory
information was reported or noted.
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%)