MIRA INFORM
REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Name : |
KIRAN JEWELS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.12.2003 |
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Legal Form : |
Corporation for
Profit |
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Line of Business : |
Salers of diamonds and jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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: |
Kiran Jewels
Inc |
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Address in the
order: |
529, |
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Legal Name: |
Kiran Jewels Inc |
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Legal Address |
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Telephone: |
(212) 819-0215 |
ID : |
2988734 |
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Fax: |
(212) 819-0443 |
Legal Form: |
Corporation for
Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
2003 |
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Manager: |
Ahsish Lakahni
- President |
Date
Incorporated: |
December, 15th.
2003 |
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Staff: |
17 |
Stock: |
2,300 |
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Value: |
No par value |
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Activity: |
Salers of
diamonds and jewelry. |
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BANKS
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Name of the
Bank |
HSBC BANK |
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Name of the
Bank |
STATE BANK OF |
BUSINESS
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HISTORY |
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The company was
founded in 2003 |
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PRINCIPAL
ACTIVITY |
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Salers of
diamonds and jewelry. |
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Products/Services
description: |
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It offers
diamond jewelry, gemstone jewelry, gold jewelry, watches, bridal jewelry,
designer wear, and giftware, as well as men's jewelry, including bracelets,
rings, and cuff links. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals
of the industry |
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Suppliers: |
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The person
contacted refused to provide the name of theirs suppliers for us to check
trade references. |
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Operations
area: |
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National,
International |
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The subject employs
17 employee(s) |
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PAYMENTS |
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made on a 60
days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is
headquartered at: |
Shareholders - Manager - Related Companies
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Listed at the
stock exchange: |
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NO |
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Shareholders
Parent Company(ies): |
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This is a
private company which operates as a subsidiary of Kiran Exports Group. |
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Management: |
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Ahsish Lakahni,
President Tejas Shah,
Chief Executive Officer |
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Related
Companies: |
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Kiran Jewels,
LLC ( Kirangems Pvt.
Ltd. ( Kiran Exports
(Hong Kong) Ltd. ( Kiran Exports
B.V.B.A. ( |
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 operator of the company who 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 (estimates): |
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Currency |
DATE |
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USD |
2008 - 2009 |
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Turnover |
36,000,000 |
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Operating Income |
4,500,000 |
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Net Income |
3,900,000 |
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Net worth |
10,000,000 |
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Bank liabilities |
2,600,000 |
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The cash flow is |
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Legal Fillings |
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There are 4 UCC** files listed
with the Secretary of State of New York. 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 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 American company which employs 17 persons and has 7 years of experience
in the market. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Operator of the
company |
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Comments |
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The person contacted
refused to provide any information on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.53 |
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1 |
Rs.72.56 |
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Euro |
1 |
Rs.60.62 |
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 |
---- |
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.