MIRA INFORM REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
TRINITY JEWELS INC |
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Registered Office : |
10 W, 46th street, Suite No.1109, New York, NY – 10036 |
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Country : |
United States |
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Date of Incorporation : |
08.03.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry Wholesaler |
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 : |
Small Company |
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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: |
Trinity Jewels |
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Address in the order: |
10th West, 46th Suite 1109, New York NY 10036 |
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Legal Name: |
Trinity Jewels INC |
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Legal Address |
10 W, 46th street, Suite No.1109, New York, NY - 10036, USA |
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Telephone: |
+1 (212) 869-8420 |
ID : |
2740033 |
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Fax: |
+1 (212) 869-8419 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
New York |
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Website: |
Date Created: |
NA |
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Manager: |
Vijay Bhatia, Owner |
Date Incorporated: |
March, 8th. 2002 |
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Staff: |
3 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Jewelry wholesaler. |
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BANKS
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Name of the Bank |
BANK OF AMERICA, N.A. |
BUSINESS
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PRINCIPAL ACTIVITY |
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Jewelry wholesaler. |
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Products/Services description: |
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The company is engaged in providing the following products: - Bracelets: Diamond Tennis Bracelets, Diamond Bracelets. - Pendants: Religious Pendants, Gemstone Pendants, Three Stone
Pendants, Diamond Pendants, - Rings: Gemstone Eternity Bands, Semi Mount
Rings, Fashion Rings, Gemstone Rings, Three Stone Rings, Engagement Rings,
Diamond Eternity Bands, Diamond Rings - Earrings: Pearl Stud Earrings, Gemstone Earrings, Diamond Stud
Earrings, Diamond Earrings. |
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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 the suppliers for
us to check trade references |
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Operations area: |
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National, Local |
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The subject employs 3 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 the address listed above. |
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Branches: |
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The company reports no branch locations. |
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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The company belongs to B. Vijaykumar & Co group, which is
headquartered at: The Plaza,11th Floor, 55 Gamdevi Road, Mumbai - 400 007, India. Tel : +91-22-23688888 Fax : +91-22-23633332 |
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Management: |
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Vijay Bhatia, 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 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. 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 |
2,400,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are no 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 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 American company which employs 3 persons and has
been incorporated for business for 8 years. There were no legal filings found against the company or its legal
representatives. The income per employee is correct for the company's size. The company is evolving in a stable sector. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide us 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.44.59 |
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UK Pound |
1 |
Rs.73.42 |
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Euro |
1 |
Rs.66.04 |
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.