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Report No. : |
352631 |
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Report Date : |
09.11.2015 |
IDENTIFICATION DETAILS
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Name : |
JEWELS &
LINENS |
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Registered Office : |
#3 Cinnamon Grove, Maho Plaza |
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Country : |
St. Maarten |
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Year of Establishment : |
1986 |
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Legal Form : |
Corporation
for Profit |
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Line of Business : |
The company is dedicated to the retail
of jewels and beach stuff. |
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No. of Employee : |
3 |
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 : |
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.
ST. MAARTEN - ECONOMIC OVERVIEW
The economy of Sint Maarten centers around tourism with nearly four-fifths of the labor force engaged in this sector. Nearly 1.8 million visitors came to the island by cruise ship and roughly 500,000 visitors arrived through Princess Juliana International Airport in 2013. Cruise ships and yachts also call on Sint Maarten's numerous ports and harbors. Limited agriculture and local fishing means that almost all food must be imported. Energy resources and manufactured goods are also imported. Sint Maarten had the highest per capita income among the five islands that formerly comprised the Netherlands Antilles.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
JEWELS & LINENS |
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Trade Name: |
J.N. Jewelers |
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ID: |
NA |
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Date Created: |
1986 |
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Date Incorporated: |
1986 |
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Legal Address: |
#3 Cinnamon Grove, |
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Maho Plaza, St. Maarten (Dutch
West Indies) |
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Operative Address: |
#3 Cinnamon Grove, |
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Maho Plaza, St. Maarten (Dutch
West Indies) |
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Telephone: |
721-545-3078 |
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Fax: |
721-545-3078 |
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Legal Form: |
Corporation for Profit |
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Email: |
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Registered in: |
St. Maarten |
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Website: |
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Contact: |
Niranjan Motwai |
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Staff: |
3 |
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Activity: |
Jewelry Industry |
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BANKS
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Scotiabank |
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The
company does not make its banking data. |
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History
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Having been established in 1986 by Niranjan Motwani
on the island of St. Maarten in the Caribbean, JN Jewelers was and still is a
second-generation, family owned and operated business. |
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PRINCIPAL ACTIVITY
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The company
is dedicated to the retail of jewels and beach stuff. |
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Products/Services description: |
It offers jewelry and branded watches as well as
Cuban cigars, tobacco, liquor, souvenirs, beach stuff, and sunglasses. |
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Brands: |
NA |
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Sales are: |
Retail |
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Clients: |
General Clients |
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Suppliers: |
NA |
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Operations area: |
Local |
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The company imports from |
No imports |
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The company exports to |
No exports |
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The subject employs |
3 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
#3 Cinnamon Grove, |
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Maho Plaza, St. Maarten (Dutch
West Indies) |
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Branches: |
There are no branches registered |
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GROUP STRUCTURE
AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
This is a private family owned company. Its owner is
Niranjan Motwai |
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Management: |
Niranjan Motwai, General Manager |
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FINANCIAL INFORMATION
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This is
a private company which does not make its financials public. |
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There
are no financial records for the subject. |
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LEGAL FILINGS
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There
are no legal records connected to the subject |
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SUMMARY
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Jewels & Linens,
located on the main street in Maho next to Maho Pharmacy, is a family-owned
business. It was established in 1986, and offers jewelry and
branded watches as well as Cuban cigars, tobacco, liquor, souvenirs, beach
stuff, and sunglasses. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
NA |
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POSITION |
Assistant |
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COMMENTS |
She confirmed address and manager. She refused to
provide data on the subject. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.80 |
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1 |
Rs.100.49 |
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Euro |
1 |
Rs.72.52 |
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USD |
1 |
Rs. 66.84 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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TRI |
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Report Prepared
by : |
ASH |
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.