MIRA
INFORM REPORT
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Report Date : |
21st
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
GOLD
N' DIAMONDS, INC. |
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Registered Office : |
250
Spring Street N.W., Ste. 6e 323 Atlanta,
Georgia, 30303 United
States |
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Country : |
United
States |
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Date of Incorporation : |
15/05/1995 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Engaged
in the retail sale of gold jewelry and related products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name: GOLD N' DIAMONDS, INC.
Address: 250
SPRING STREET N.W., STE. 6E 323
City: ATLANTA
State/Province: GEORGIA
Zip
Code: 30303
Country: UNITED
STATES
Telephone: 404
577-8115
Facsimile: 404
522-4028
Legal
Form: Corporation - Private
Website: no
website available
Maj.
Shareholder: Mr. Amin K. Jiwani
@rating
Opinion:
As
of:
Sales
/ Revenue:
Net
Income:
Total
Equity:
Number
of Employees: 9
Business
Activity:
The
Company engages in the retail sale of gold jewelry and related products. It
targets the local market.
NOTE TO CLIENT
NOTE:
THE CORRECT WRITTEN FORM OF THE LEGAL NAME IS LISTED ABOVE.
----------------------------------------------------------------
PERSON
CONTACTED:
Mr.
Sameer Jivani, Company Secretary.
--
When
the Subject was contacted, Mr. Jivani handled the call. He asked about the
request and was informed that the information is required by a credit insurance
company located in India. A written
request was forwarded to his attention via fax. After receiving our request, he contacted us and stated that he
needed to know the name of the vendor that initiated the transaction. As a result,
we were unable to confirm the information found in this rerport. If any additional information is received in
the near future, it will be forwarded at that time.
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 15/05/1995
State/Province
of Incorporation: GEORGIA
Status:
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Legal
Name: GOLD N' DIAMONDS, INC.
File
Number: K514383
Entity
Type: Profit Corporation
Jurisdiction:
Domestic
Status:
ACTIVE/Compliance
Creation
Date: 15-May-1995
Jurisdiction:
GEORGIA
Principal
Office: 250 SPRING STREET NW, STE 6E 320
ATLANTA
GA 30303-1131
Registered
Agent: AMIN K. JIWANI
Office
Address: 250 SPRING ST STE 6E 320
ATLANTA
GA 30303
Agent
County: FULTON
Managers/Key Personnel
Mr.
Amin K. Jiwani Chief Executive Officer
Mr.
Sultan Jinani Chief Financial Officer
Mr.
Sameer Jivani Secretary
OWNERS
Mr.
Amin K. Jiwani % Majority
AFFILIATED ENTITIES
At
this time, it could not be determined whether the Subject has any affiliates or
subsidiary firms. Outside sources failed to provide any additional insight at
this time.
BANKS
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
name of the primary bank or a bank reference could not be obtained from
management. RBC CENTURA BANK, ADVANTA
BANK, and BANK OF AMERICA are listed as secured parties for the Subject.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS 06-04 06-04 0000000 4700
800 91 9
0 0 0 CUST 5 YR
BANK 06-05 05-08 CONTRCT 100000
0 0 0
0 0 0 CUST 3 YR
BUS SERVCS 06-05 00-00 VARIED 100
100 100 0 0
0 0
CHEMICALS 06-05 00-00 NET 30
200 0 0
0 0 0 0
COMMUN SVC 06-06 00-00 NET 30 4400
1100 100 0 0 0 0
CUST 2 YR
DP SERVCS 06-06 05-10 0000000 0
0 0 0
0 0 0 CUST 4 YR
MANUFCTRNG 06-04 00-00 CERTCHK 0 0 0 0 0
0 0
MED SUPPLY 06-04 00-00 VARIED 0
0 0 0
0 0 0
PACKAGING 06-04 00-00 NET 30
600 200 80
20 0 0 0 CUST
2 YR
TELECOM 06-06 00-00 NET 30
300 300 100 0
0 0 0
TELECOM 06-06 00-00 NET 30
100 100 100 0
0 0 0
TOYS& GAMES 06-05 05-12 VARIED 1400
0 0 0
0 0 0
AIR TRANS 05-12 00-00 NET 30
100 0 0
0 0 0 0 CUST
3 YR
FINCL SVCS 04-06 03-10 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
GIFTWARE 04-03 00-00 NET 30
0 0 0 0
0 0 0 CUST 7 YR
CURRENT QUARTER 111800 2600
96 4 0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20060600 0 5 1 2600 96 4
0 0 0
20060500 0 5 1 2500 95 5
0 0 0
20060400 0 4 0 2600 100 0 0 0 0
20060300 0 5 4 4100 72 28
0 0 0
20060200 0 5 0 1800 97 3
0 0 0
20060100 0 4 7 3200 52 48
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2006 2 2800 86 14 0
0 0
Fourth
2005 4 2800 74 26 0 0
0
Third
2005 0 2300 100 0 0 0
0
Second
2005 6 3300 63 37 0
0 0
First
2005 0 103700 100 0 0 0
0
FINANCIAL INFORMATION
Financial
information could not be obtained from management at this time.
CURRENT OPERATIONS
NAICS
Code: 999 Unclassified Establishments
Number
of Employees: 9
Business
Activity:
The
Company engages in the retail sale of gold jewelry and related products. It
targets the local market.
- -
-
The
heading address is the Company headquarters and serves as an administrative
office, a storage room, and a retail store. At this time, we could not
determine whether the Company conducts business at any additional locations.
Outside sources failed to provide any additional insight at this time.
PUBLIC RECORD
A
search of public revealed the following:
-----
Name
Searched: GOLD N' DIAMONDS
Debtor
Address: GOLD N DIAMONDS INC
250
SPRING STREET
ATLANTA,
GA 30303
Secured
Parties: RBC CENTURA BANK
Filing
Date: 8/7/2003
Filing
Number: 06003009912
Filing
Type: INITIAL FILING
-----
Name
Searched: GOLD N' DIAMONDS
Debtor
Address: GOLD N DIAMONDS INC
250
SPRING ST NW STE 320
ATLANTA,
GA 30303
Secured
Parties: ADVANTA BANK CORP
Filing
Date: 11/20/2000
Filing
Number: 06000021679
Filing
Type: INITIAL FILING
-----
Name
Searched: GOLD N' DIAMONDS
Debtor
Address: GOLD N' DIAMONDS, INC
250
SPRING STREET STE 6E-320
ATLANTA,
GA 30303-1152
Secured
Parties: BANK OF AMERICA, N.A.
Filing
Date: 6/30/2003
Filing
Number: 06003008301
Filing
Type: INITIAL FILING
-----
No
additional UCC filings, or any bankruptcy petitions, legal proceedings, or tax
liens were found against the firm at this time.
GENERAL COMMENTS
Gold
N' Diamonds, Inc., incorporated in 1995 in the state of Georgia, engages in the
retail sale of gold jewelry. A payment history appears in great condition. A
search of public records failed to reveal any negative information against the
firm. The Company is considered
well-established and responsible for all normal business transactions.
RATING EXPLANATIONS
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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 |