MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Correct Name : |
QJM CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.06.1995 |
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Com. Reg. No.: |
C1766087 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and
Manufacturer of Jewelry |
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 : |
No Complaints |
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Litigation : |
Clear |
Company
Name
QJM CORP.
Company acronym: LK IMPORTS
Contact Information
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Address |
606 South Olive Street, Suite 2170 Los Angeles, CA 9001 USA |
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Telephone |
213-622-0264 |
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Fax |
213-622-0330 |
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Website |
www.lkqjm.com |
Registration Data
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Date of Registration |
06-29-1995 |
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Registration number |
C1766087 |
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Legal address |
606 South Olive Street, Suite 2170 Los Angeles, CA 9001 USA |
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Legal Form |
Corporation – Profit |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Family AGRAWAL 45225 Whitetail Court Fremont, CA 94539 |
100 |
Board/Executive
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Name |
Arvid AGRAWAL |
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Position within the company |
President and CEO |
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Name |
Arvind AGRAWAL |
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Position within the company |
Vice President |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
LK IMPORTS is importer and
manufacturer of jewelry.
The Company imports
diamonds, precious stones and related products.
Sells to private people
and other retailers in Los Angeles area.
Staff
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Number of staff employed |
2 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
None |
Facilities
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Rented |
Store and office |
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Premises Size |
1,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
- |
Bankers
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Bank |
State Bank of India California, Los Angeles, CA 90017 |
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Bank |
First American Bank, Rosemad, CA 91770 |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
State Bank of India California |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
300,000= |
Reporter Comments
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Comments |
In the interview conducted with Rajiv Agrawal, who controlled the present
report. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 91% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 days
beyond terms. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)