MIRA
INFORM REPORT
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Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LK GENESIS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24.05.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Import and commercialization of jewelry |
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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 : |
No Complaints |
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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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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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Legal Name: |
Lk Genesis Inc |
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Legal Address |
Suite #604a |
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Operative Address |
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Telephone: |
+1 (212) 997-9176 |
ID : |
2513663 |
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Fax: |
(866) 896-3458 |
Legal Form: |
Corporation for Profit |
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Email: |
customerservice@lkgenesis.com |
Registered in: |
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Website: |
lkgenesis.com |
Date Created: |
2000 |
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Manager: |
SAILESH MEHTA, CHAIRMAN |
Date Incorporated: |
May 24th, 2000 |
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Staff: |
2 |
Stock: |
200 shares |
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Value: |
No par value |
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Activity: |
Import and commercialization of jewelry |
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BANKS
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Name of the Bank |
HSBC Bank |
BUSINESS
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HISTORY |
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The company was created in the year 2000. |
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PRINCIPAL ACTIVITY |
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The company operates as an importer and wholesaler of jewelry and
diamonds. It also customizes diamonds for its clients. 80% of the production in |
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Products/Services description: |
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Diamonds Precious Stones Earrings Necklaces Among others. |
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Sales are: |
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Wholesale |
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Clients: |
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Jewelry Retailers Other related industries |
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Operations area: |
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National |
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The company imports from |
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The company does not export |
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The subject employs 2 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 |
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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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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Lalbhai Kalidas & Co. - |
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Management: |
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Sailesh Mehta, Chairman |
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 company but the person who took the call, kept
dropping the call. Our agent called three different times. When we finally get to explain them the reason of our call, she said
it was a wrong number. However, we were unable to confirm if this was a wrong number since
she said the company's name every time she picked up the phone. |
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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 |
270,000 |
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Legal Fillings |
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There are five 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 company has been in business for 11 years. It has a staff of 2
employees which makes it a medium sized company. There were no legal filings found against the company or its legal
representatives. Our financial sources provided us with the revenue for the year 2010. We've contacted the company, but the female representative who took
the call refused to cooperate and hanged up on us several times. Due to the fact that the company is unwilling to cooperate, and since
the person who took the call said we called the wrong number. |
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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Female representative |
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Comments |
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We have contacted the company but the person who took the call, kept
dropping the call. Our agent called three different times. When we finally get to explain them the reason of our call, she said
it was a wrong number. However, we were unable to confirm if this was a wrong number since
she said the company's name every time she picked up the phone. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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1 |
Rs.72.97 |
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Euro |
1 |
Rs.63.57 |
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.