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MIRA INFORM REPORT
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Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
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Name : |
JAINSONS INTERNATIONAL INC (DIZZY LIZZY) |
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Registered Office : |
8040 Deering Ave Ste 7, Canoga Park, CA 91304 |
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Country : |
United States |
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Date of Incorporation : |
24.06.1985 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Clothing and Accessories Merchant Wholesalers |
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: |
Jainsons International Inc |
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Address in the order: |
8040 Deering Ave Ste 7 Canoga Park, CA 91304 |
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Legal Name: |
Jainsons International Inc (Dizzy Lizzy) |
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Trade Name: |
Dizzy Lizzy |
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Legal Address |
8040 Deering Ave Ste 7 Canoga Park, CA 91304, USA |
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Operative Address |
8040 Deering Ave Ste 7 Canoga Park, CA 91304 |
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Telephone: |
+1 (818) 346 9293 |
ID : |
C1343253 |
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Fax: |
+1 (818) 346 9293 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
California |
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Website: |
Date Created: |
1985 |
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Manager: |
Mukesh Jain, President |
Date Incorporated: |
June 24th, 1985 |
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Staff: |
5 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Clothing and Accessories Merchant Wholesalers. |
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BANKS
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Name of the Bank |
Wells Fargo |
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Name of the Bank |
US Bank National Association |
BUSINESS
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HISTORY |
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The company was created in 1985. |
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PRINCIPAL ACTIVITY |
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Jainson's International Inc is a clothing and accessories merchant
wholesaler. |
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Products/Services description: |
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Shirts Trousers Pants Skirts Cardigans Among other products. |
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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 Worldwide |
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The company does not export |
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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 in 8040 Deering Ave Ste 7, Canoga Park,
CA 91304, USA. |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held. Mukesh Jain is the main shareholder. |
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Management: |
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MUKESH JAIN, Owner |
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 Ashish who just confirmed the company's trade name and
address but refused to provide us any financial data without knowing the name
of the inquiring party. |
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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 |
2008 |
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Turnover |
4 M |
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The cash flow is |
20 |
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Legal Fillings |
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There is one UCC file listed with the
Secretary of State of California. 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 low 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 company has been in business for 26
years. It has a staff of 5 employees which makes it a medium sized company. There were no legal filings found against the
company or its legal representatives. The person we've talked to confirmed basic
information about the company but refused to provide us any further
information about the company without knowing the name of the inquiring
party. Due to the fact that there was no recent
financial information found for the company. We suggest working with GUARANTEES. |
SUMMARY
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Profitability |
LOW |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Ashish |
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Position |
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Manager Assistant |
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Comments |
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He confirmed the company's address and its trade name, but refused to provide
us any further information without knowing the exact name of the inquiring
party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.74.14 |
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Euro |
1 |
Rs.65.78 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.