MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
RIVER JEWELS INC |
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Registered Office : |
16748-9c E. Smoky Hill Rd. #199, Centennial, Co 80015 |
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Country : |
United States |
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Date of Incorporation : |
09.03.1999 |
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Legal Form : |
Private Company |
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Line of Business : |
designer 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
River Jewels Inc |
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Address in the order: |
1400 Preston Road, Suite 400, Plano Texas 75093, U.S. |
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Legal Name: |
River Jewels Inc |
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Legal Address |
16748-9c E. Smoky Hill Rd. #199, Centennial, Co 80015, United States |
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Operative Address |
1400 Preston Road, Suite 400, Plano Texas 75093, U.S. |
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Telephone: |
+1 972.782.9879 |
ID : |
19991044273 |
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Fax: |
NA |
Legal Form: |
Private Company |
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Email: |
Registered in: |
Colorado |
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Website: |
Date Created: |
NA |
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Manager: |
Devang Jhaveri, Owner |
Date Incorporated: |
March 9, 1999 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
designer and manufacturer of jewelry |
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BANKS
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Name of the Bank |
Dallas Furniture Bank |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company is a designer and manufacturer of jewelry and certified solitaire
diamonds in every color, shape and size. The company appears as delinquent in the status of the SOS of
Colorado. Status: Delinquent Form: Corporation Jurisdiction: Colorado Formation Date: 03/09/1999 Term of Duration: Perpetual Periodic Report Month: March |
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Products/Services description: |
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Bracelets Diamonds Earrings Necklaces Pendants Rings Solitaire jewelry |
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Sales are: |
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Retail |
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Clients: |
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General Clientele |
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The company imports from India |
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The company does not export |
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The subject employs 2 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at 1400 Preston Rd Ste 400, Plano, TX,
U.S. |
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The property is: |
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Owned |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders |
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Management: |
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Devang Jhaveri, Owner |
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Related Companies: |
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MUMBAI, INDIA RIVER DIAMONDS AND JEWELS CO. LTD. 4 Roopraj Bldg, Ground Floor 497 SVP Road, Opera House, Mumbai 400007, India. Tel : 91.22.23666567, 91.22.40534343 BANGKOK, THAILAND SAVVY JEWELRY Bangkok Gem and Jewelry Tower Rm #322/11, 10TH Fl., 322 Surawong Rd, Bangrak, Bangkok 10500, Thailand. Tel : 662.267.1192-3 |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company but refused to provide us any financial
data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
350.000 |
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Legal Fillings |
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There are no UCC's files listed with the
Secretary of State of Texas. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions in
all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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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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Final
Opinion |
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This is a small sized company with 2
employees and 11 years in business. The profitability of the company is
correct and has a normal cash flow. However, according to the fact that this
company appears as delinquent in the status of the SOS of Colorado, we
proceed on suggesting working with GUARANTEES. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Receptionist |
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Comments |
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We contacted the company but the one who took the call refused to
provide us with any information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.