MIRA
INFORM REPORT
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Report Date : |
26th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
SARAL DIAMONDS, INC. |
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Registered Office : |
576, 5th Avenue, Suite 404, New York 10036, U.S.A. |
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Country
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U.S.A |
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Date of Incorporation : |
1989 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesalers, distributors of loose diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
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Company Name |
SARAL DIAMONDS, INC. |
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Address |
576 5th Avenue |
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Suite 404 |
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City |
NEW YORK |
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State/Province |
NEW YORK |
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Zip Code |
10036
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Country |
UNITED STATES |
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Telephone |
212 768-7106 |
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Facsimile |
212 768-7729 |
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Legal Form |
Corporation - Private |
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Founded (D/M/Y) |
/ /1989 |
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As of |
- |
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Sales / Revenue |
- |
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Net Income |
- |
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Total Equity |
- |
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Number of Employees |
2 |
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Website |
No web site available |
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Maj. Shareholder |
Mr. Ketan Doshi |
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Business Activity |
The Company is a wholesale distributor of loose diamonds. |
NOTE TO CLIENT
ORDERED NAME: SARAL DIAMONDS INC.
LEGAL NAME:
SARAL DIAMONDS, INC.
Contacted person: Ms. Myat Moe, Office
Manager
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) : 19/06/1989
State/Province of Incorporation : NY
Status :
ACTIVE
Previous Legal Form : Agency
Company is NOT required to publish an
annual financial report.
Current Entity Name : SARAL DIAMONDS, INC.
Initial DOS Filing Date : JUNE 19, 1989
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)
SARAL DIAMONDS, INC.
576 5TH AVE #404
NEW YORK, NEW YORK, 10036
Chairman or Chief Executive Officer
KETAN DOSHI
576 5TH AVENUE #404
NEW YORK, NEW YORK, 10036
Principal Executive Office
SARAL DIAMONDS, INC.
576 5TH AVE #404
NEW YORK, NEW YORK, 10036
Registered Agent NONE
NOTE: New York State does not issue
organizational identification numbers.
Managers/Key Personnel
Mr. Ketan Doshi President
Ms. Myat Moe Office
Manager
OWNERS
Mr. Ketan Doshi % Majority
AFFILIATED ENTITIES
No Parent company, Subsidiaries nor
Divisions.
BANKS
ABN AMRO BANK
New York NY
Telephone: 212 446-4287
Facsimile:
Account Number:
Account Manager:
We have contacted the bank, which has not
responded as yet. In the event, a response is received, the information will be
forwarded on immediately. However, it is our experience that these requests are
rarely, if ever answered.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
CELLUL/PAG 03-06 03-05 NET 30
100 0 0
0 0 0 0 CUST
4 YR
MANUFCTRNG 04-07 00-00
0 0 0
0 0 0 0
FINANCIAL INFORMATION
The Company would not disclose any
financial information when contacted citing confidentiality. A third party
source estimates the Subject's annual sales in the US$ 500,000 range, however
this could not be confirmed with management.
HISTORY
The Company has been in business since
1989.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees: 2
Business Activity
The Company is a wholesale distributor of
loose diamonds.
Distribution is throughout the United
States.
The sole location is at the above noted
address.
Facility size could not be learned.
TRADE REFERENCES
The Company declined to release trade
references via telephone. We have forwarded a written request per its
instruction.
PUBLIC RECORD
We have found no record of judgments or tax
liens against the Company in the state of New York.
GENERAL COMMENTS
The
Subject appears to be a well established company, operating since 1989. The
firm is not a large seeker of local trade credit as a significant payment
record could not be developed. The operating history appears to be satisfactory
and no adverse information was traced. The Company is considered responsible
for normal business transactions.
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 |
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 |