MIRA INFORM REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ZACK FINE JEWELLERY INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.12.1999 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry Manufacturers |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Zack Fine Jewellery |
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Address in the order: |
75 n Bellaire |
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Legal Name: |
Zack Fine Jewellery Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (713) 271-0991 |
ID : |
0156078100 |
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Fax: |
+1 (713) 271-0913 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
- |
Date Created: |
1999 |
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Manager: |
Zack Merchant, Owner |
Date Incorporated: |
December 9, 1999 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewelry Manufacturers. |
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BUSINESS
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HISTORY |
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This company was created in the year 1999. |
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PRINCIPAL ACTIVITY |
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This company is into Jewelry manufacturer. |
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Products/Services description: |
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Fine Jewelry Watch Precious Stone Precious Metal 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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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at |
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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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The company is privately held, and has Zack Merchant as the main
shareholder |
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Management: |
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Zack Merchant, President and 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 a male representative who refused to provide us any
financial data on grounds of confidentiality. |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
250 000 |
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The cash flow is |
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Legal Fillings |
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There are no UCC 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 ** 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 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 is a small sized company with only 2 employees and 12 years in
business. There were no legal filings found against the company or its legal
representative. There were no financial figures found for the subject company. Our agent contacted the company, we spoke with a male representative,
however he refused to provide us with any financial information about the
company. Due to the act that there were no financial information, and the
representative refused to provide us with that information, We suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
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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Male representative |
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Comments |
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He refused to provide us with financial information, and hung up on us
while i was trying to verify the company's address. Our agent tried calling
back again, but he said he did not have time for this, and refused to provide
us with his name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.38 |
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1 |
Rs.73.08 |
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Euro |
1 |
Rs.61.60 |
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.