MIRA
INFORM REPORT
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Report Date : |
17th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
FANCISOURCE
INC |
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Registered Office : |
576 5th Avenue Room 705 New York, 10036 United
States |
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Country : |
United
States |
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Date of Incorporation : |
1998 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesalers
of diamond |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Satisfactory
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: FANCISOURCE
INC.
Address: 576
5TH AVENUE ROOM 705
City: NEW
YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212-719-4562
Facsimile: 212-719-4773
Legal Form: Corporation
- Private
Website: No
web site available
@rating Opinion:
Founded (D/M/Y): /
/1998
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 5
Business Activity:
The Company is a diamond
wholesaler.
NOTE TO CLIENT
A telephone interview was
conducted with Mr. Viren Shah, President of the Company who provided and
confirmed the information in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 21/01/1998
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form: None
Company is NOT required to
publish an annual financial report.
The Subject was incorporated in
New York:
Current Entity Name: FANCISOURCE
INC.
Initial DOS Filing Date: JANUARY
21, 1998
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS
CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address
Information DOS Process (Address to which DOS
will mail process if accepted on
behalf of the entity)
C/O DIALUSTRE
580 FIFTH AVENUE
NEW YORK, NEW YORK, 10036
Registered Agent: None
Managers/Key Personnel
Mr. Viren Shah President
Mr. Dushyant Choudry Vice President
AFFILIATED ENTITIES
There are no affiliates or
subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain any banking
information.
PAYMENT HISTORY
No payment history was found on
the Company.
FINANCIAL INFORMATION
The Company declined to provide
financial information.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Number of Employees: 5
Business Activity:
The Company is a diamond
wholesaler.
The address: 576 5TH AVENUE ROOM
705, NEW YORK, NY 10036 is the official and sole location of the Company where
it operates its day-to-day business activities.
The building is rented.
TRADE REFERENCES
We faxed a request for a list of
trade references. Currently we are waiting for a response.
PUBLIC RECORD
No legal findings could be found
against the Company.
A search of bankruptcy courts
revealed no record of a Company by this name filing for bankruptcy.
GENERAL COMMENTS
The Company was founded in 1998
as a diamond wholesaler. Mr. Viren Shah, President, provided the information in
this report. It's unknown how efficient the Subject is with payments as a
payment history could not be found. There is no known derogatory legal against
the Company and no bankruptcy filings were found.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |