MIRA
INFORM REPORT
|
Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WHITE COLOR GEMS |
|
|
|
|
Registered Office : |
550 South Hill
Street, Suite 925, Los Angeles
CA 90013 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
12/18/ 2000 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Wholesaler of jewellery |
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. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
|
Company Name: |
WHITE COLOR GEMS |
||
|
Address: |
550 South Hill
Street, Suite 925, Los Angeles
CA 90013, USA |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (213) 623-5370 + 1 (213) 623-8737 C2327523 California Mohandra Jain, President |
Date founded: |
12/18/ 2000
Corporation for Profit N.A. 3 employees |
|
Legal form: |
|||
|
Value: |
|||
|
Staff: |
|||
|
Business: |
Wholesaler of jewellery |
||
BANKS
State Bank of India
BUSINESS
Operations, Business & History:
White Color Gems is a private company, located in Los Angeles,
California. White Color Gems's line of business is wholesaler of jewelry.
The company is working on the US market.
Industry Overview:
The US jewelry industry generates annual revenues of about $25 billion
from 30,000 specialty stores. Large companies include Zale, Tiffany, and
Sterling Jewelers. The industry is fragmented: the top 50 jewelry chains hold
less than half of the market. Jewelry sales depend partly on consumer income.
Small jewelers can effectively compete with large chains because price isn't
the main factor determining sales. Profitability depends on merchandising and
effective marketing. Average industry revenue per worker is about $160,000.
Jewelry is also sold in department and discount stores, and by mass merchants.
Because regular gross margins are very high, often 50 percent, mass merchants
have been able to cut prices and take market share. Wal-Mart is the largest
jewelry retailer in the US.
SHAREHOLDERS –
SUBSIDIARIES – MANAGERS
The director of the company
is:
Mohandra Jain, President.
He is also the main shareholder.
FINANCIALS –
COMMERCIAL TRENDS AND FORECAST
White Colour Gems does not publish
any financial statement.
However
our financial sources could provide us with the following information:
|
Fiscal Year In USD |
12/31/2007 |
|
Turnover |
460,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2004 by
State Bank of India securing All Assets.
Amount: NA
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
-
The cash flow is correct.
-
Payments are made on a regular basis.
Our final opinion:
This is a small company working in the US.
A credit line may be considered.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
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%)