MIRA INFORM
REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ETERNITY DIAMONDS & JEWELRY INC |
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Registered Office : |
608 S Hill Street, St 1311, Los Angeles, CA 90014 |
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Country : |
United States |
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Date of Incorporation : |
10.10.2008 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
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 : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
Eternity Diamonds And Jewelry |
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Address in the order: |
608, S Hill Street, 1311, Los Angeles, CA 90014 |
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Comments on data supplied: |
Please find enclosed updated report. |
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Legal Name: |
ETERNITY DIAMONDS & JEWELRY
INC |
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Legal Address |
608 S Hill Street, St 1311, Los Angeles, CA 90014, USA |
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Telephone: |
+1 (818) 275-1503 |
ID : |
C3171794 |
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Fax: |
NA |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
California |
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Website: |
NA |
Date Created: |
2008 |
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Manager: |
Jignesh Shah, President |
Date Incorporated: |
October 10th, 2008 |
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Staff: |
4 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Jewelry. |
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BANKS
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Name of the Bank |
Bank Leumi |
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Name of the Bank |
Bank Of America |
BUSINESS
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HISTORY |
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This company was created in the year 2008. |
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PRINCIPAL ACTIVITY |
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The company operates as a jewelry importer retailer and wholesaler. |
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Products/Services description: |
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Watches Precious stones Diamonds Necklaces Earrings |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries |
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Operations area: |
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National, Local |
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The company imports from Asia |
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The company does not export |
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The subject employs 4 employee(s) |
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PAYMENTS |
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regular |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held and has the family Shah as the main
shareholder. |
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Management: |
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Jignesh Shah, President Eajo Joseph, Accountant Vishal Shah, Manager |
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Related Companies: |
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Fine Facets Inc is located in the exact same address with the subject
company. We asked the manager about this company, and he confirmed it was another
of their companies. |
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 Vishal Shah who provided us with the following data: |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
14,736,234 |
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Legal Fillings |
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There is one UCC** files 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 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 company has been in business for three
years. It has a staff of 4 employees which makes it a medium sized company. This is a family owned company that mainly
imports from Asia and sells in the US. Our agent contacted the company, talked to
the manager who kindly provided us with all of the information showed on this
report. The company gave a good profitability for
the year 2010. Because of the company’s small size, a
review is advised within 10 months. |
SUMMARY
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Profitability |
GOOD |
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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Vishal Shah |
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Position |
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Manager |
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Comments |
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He agreed to confirm and provide us with all the information showed on
this report; such as the company's staff, the bank that they worked with, the
revenue for the year 2010. And the link they had with Fine Facets Inc. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.10 |
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UK Pound |
1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
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.