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MIRA INFORM REPORT
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Report No. : |
484032 |
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Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
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Name : |
REFLECTIONS DIAMONDS, INC. |
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Registered Office : |
550 S Hill St #551, Los Angeles Ca 90013 |
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Country : |
United states |
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Date of Incorporation : |
02.05.1992 |
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Legal Form : |
Corporation |
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Line of Business : |
Subject is
engaged in sales of diamonds, watches, jewerly and precious stones. |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but 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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
UNITED STATES - ECONOMIC OVERVIEW
The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP from the oil and gas sector to 30%.
Since the discovery of oil in the UAE nearly 60 years ago, the country has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. The country's free trade zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors.
The global financial crisis of 2008-09, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency and ultimately a $20 billion bailout from the UAE Central Bank and Abu Dhabi Government that was refinanced in March 2014.
The UAE’s dependence on oil is a significant long-term challenge. Low oil prices have prompted the UAE to cut expenditures, including on some social programs, but the UAE has sufficient assets in its sovereign investment funds to cover its deficits. The government reduced fuel subsidies in August 2015, and has announced plans to introduce excise and value-added taxes by January 1, 2018. The UAE's strategic plan for the next few years focuses on economic diversification, promoting the UAE as a global trade and tourism hub, developing industry, and creating more job opportunities for nationals through improved education and increased private sector employment.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
REFLECTIONS DIAMONDS, INC. |
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TradeName: |
Reflections Diamonds |
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ID: |
C1702737 |
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Date Created: |
1992 |
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Date Incorporated: |
02/05/1992 |
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Legal Address: |
550 S HILL ST #551 LOS ANGELES CA 90013 |
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Operative Address: |
550 S Hill St Ste 820 Los Angeles, California 90013-2427 United States |
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Telephone: |
(213) 624-7298 |
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Fax: |
NA |
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Legal Form: |
CORPORATION |
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Email: |
NA |
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Registered in: |
CALIFORNIA |
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Website: |
The company does not have website |
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Contact: |
JOHN HANASSAB |
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Staff: |
4 |
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Activity: |
NAICS 1: Jewelry, Watch, Precious Stone,
and Precious Metal Merchant Wholesalers SIC 1: Diamonds (Gems) |
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Banks: |
BANK OF AMERICA |
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The Company does not make its banking details public |
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History: |
The company opened its doors in 1992 |
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PRINCIPAL
ACTIVITY
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The company is dedicated to the sales of
diamonds, watches, jewerly and precious stones. |
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Products/Services description: |
Round Emerald Princess Marquise Heart Oval Pear Radiant Cushion Asscher Triangular SOLEIL Trinty |
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Brands: |
The company does not have brands |
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Sales are: |
Retail |
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Clients: |
General clients |
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Suppliers: |
No found |
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Operations area: |
National |
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The subject employs |
4 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
550 S Hill St Ste 850 Los Angeles, California 90013-2427 United States |
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Comments: |
NA |
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Branches: |
The company does not have branches |
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Related Companies: |
John Hanassab Officer National Jewelers, Inc. California Domestic Corporation Los Angeles, CA John Hanassab Officer Hdr Enterprises, Inc. California Domestic Corporation Los Angeles, CA and Tarzana, CA John Hanassab Officer Fashion Island, Ltd. California Domestic Corporation Encino, CA and Los Angeles, CAA |
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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 company. We could not
confirm major holders. |
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Management:
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John
Hanassab, President |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information was provided by private sources: |
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USD 2016 |
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Revenue |
700 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No records found |
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GOVERNMENT CONTRACTS |
No records found |
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CASES |
No records found |
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TRADEMARKS |
No records found |
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RENEWAL HISTORY |
SI-NO CHANGE 02/13/2017 17013771 SI-COMPLETE 01/21/2015
15008301 REGISTRATION 02/05/1992 |
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UCC |
No records found |
SUMMARY
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Founded in 1992, Reflections Diamonds,
Inc. is a small organization in the jewelry and precious stone company’s
industry located in Los Angeles, CA. It has 4 full time employees and
generates an estimated $700,000 USD in annual revenue. Import and export records have not been
found. It is active in CALIFORNIA, with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
ACTIVE |
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INTERVIEW
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NAME |
John Hanassab |
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POSITION |
President |
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COMMENTS |
He confirmed address, name, activity. He said that they do not have
any website. We asked him for an employee called Ewen Chan, which appears in varius
commercial pages; however, he said he did not know any person with that name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.48 |
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1 |
INR 86.41 |
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Euro |
1 |
INR 76.54 |
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USD |
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INR 63.45 |
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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PRA |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.