MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
NOOR PUNJANI & SONS, INC |
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Registered Office : |
250 Spring
St NW Suite 327B, Atlanta GA
30303 |
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Country : |
United States |
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Date of Incorporation : |
09.05.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales, Retails
Jewellery & Semi-Precious Stones |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
10,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
NOOR PUNJANI
& SONS, INC. Dba Jewellery Land |
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Address: |
250 Spring
St NW Suite 327B Atlanta GA
30303 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (404) 577-8218 NA 0023177 Georgia Nizar Punjani, President |
Date founded: |
05/09/2000
Corporation for Profit N.A. 3 employees |
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Legal form: |
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Value: |
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Staff: |
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Business: |
Wholesales, Retails Jewellery & Semi-Precious Stones |
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BANKS
Bank of America
BUSINESS
Business,
Operations:
Noor Punjani & Sons Inc. also does business as Jewelry Land.
Noor Punjani & Sons Inc. is a private company located in Atlanta, Georgia.
Jewelry Land's line of business is wholesaler of jewelry and precious stones.
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:
Nizar Punjani, President.
He is also the main shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Noor Punjani & Sons Inc. does not
publish any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
410,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
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.
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The cash flow is correct.
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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
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
correct Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
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%)