MIRA
INFORM REPORT
|
Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
|
Correct Name : |
NOOR PUNJANI &
SONS, INC. |
|
|
|
|
Registered Office : |
250 Spring Street N.W., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.05.2000 |
|
|
|
|
Com. Reg. No.: |
0023177 |
|
|
|
|
Legal Form : |
Corporation – Profit |
|
|
|
|
Line of Business : |
The Company is retailer of Jewelry, Diamonds, Precious Stones, and
Related Products. |
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 : |
Average 15 days beyond terms |
|
|
|
|
Litigation : |
Clear |
Company
Name
NOOR PUNJANI & SONS, INC.
Company acronym:
JEWELRY LAND
Contact Information
|
Address |
250 Spring Street N.W. Atlanta, GA 30303 USA |
|
Telephone |
404-577-8218 |
|
Fax |
- |
|
Website |
- |
Registration Data
|
Date of Registration |
May 9, 2000 |
|
Registration number |
0023177 |
|
Legal address |
250 Spring Street N.W. Atlanta, GA 30303 USA |
|
Legal Form |
Corporation – Profit |
|
Share Capital |
- |
|
Other Registration Data |
- |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Family PUNJANI |
100 |
Board/Executive
|
Name |
Nizar A. PUNJANI |
|
Position within the company |
President, CEO &
CFO |
|
Name |
Davy C. PUNJANI |
|
Position within the company |
Secretary |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
The Company is retailer of jewelry, diamonds, precious stones, and
related products.
Staff
|
Number of staff employed |
3 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Far East |
|
Exports To |
None |
Facilities
|
Rented |
Store |
|
Premises Size |
1,800 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Branches
|
Address |
None |
Bankers
|
Bank |
RBC Bank |
|
Address |
4855 Briarcliff Rd, Atlanta, GA, 30345 |
|
Telephone |
(404) 495-6940 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation, Remarks
on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Financial Interview Date |
October 23, 2008 |
|
Source |
RBC Bank |
|
Figures are |
Declared |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
400,000= |
Reporter Comments
|
Comments |
On a direct call,
nobody agreed to answer our questions. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 82% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 15 days
beyond terms. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.77 |
|
UK Pound |
1 |
Rs.79.78 |
|
Euro |
1 |
Rs.63.36 |
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%)