MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
DIAMOND
TRADING COMPANY |
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Registered Office : |
550
South Hill Street, Suite 637, Los
Angeles, California 90013 |
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Country : |
United
States |
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Date of Incorporation : |
30/03/2006 |
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Legal Form : |
Corporation
– Private |
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Line of Business : |
Import
and distribution of loose diamonds. |
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 |
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 : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
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Company Name |
DIAMOND
TRADING COMPANY |
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Address |
550
SOUTH HILL STREET, SUITE 637 |
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City |
LOS
ANGELES |
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State/Province |
CALIFORNIA |
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Zip Code |
90013 |
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Country |
UNITED
STATES |
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Telephone |
213
624-4800 |
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Facsimile |
213
624-4811 |
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Legal Form |
Corporation
- Private |
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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 |
4 |
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Website |
No
website available. |
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Business Activity |
The
Subject is engaged in the import and distribution of loose diamonds. |
NOTE TO CLIENT
The
Subject was contacted on November 16, 2006. Mr. Aria Ahdoot, President,
confirmed all information in this report.
LEGAL
Legal
Form: Corporation - Private
Since
(D/M/Y): 30/03/2006
State/Province
of Incorporation: CA
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Corporation:
DIAMOND TRADING COMPANY
Number:
C2831955
Date
Filed: 3/30/2006
Status:
active
Jurisdiction:
California
Agent
for Service of Process: ARIA AHDOOT
550 SOUTH HILL STREET, SUITE 637
LOS ANGELES, CA 90013
The
Subject was incorporated on March 30, 2006 and started business June 1, 2006.
Managers/Key
Personnel
Mr. Aria
Ahdoot President
AFFILIATED ENTITIES
DIAMOND
TRADING CENTER, INC.
550
SOUTH HILL STREET, SUITE 710
LOS
ANGELES, CA 90013
BANKS
Wells
Fargo
707
Wilshire Blvd.
Los
Angeles CA
Telephone:
213 614-2707
Facsimile:
213 614-2718
Account
Number:
Account
Manager:
We have
contacted the bank who has not yet responded. In the event a response is
received, the information will be forwarded on immediately. It is our
experience that these requests could take several days before a response is
received.
PAYMENT HISTORY
Based on
the firm's size and business activity, no significant trade experience and
payment history have been reported at this time.
FINANCIAL INFORMATION
Mr.
Ahdoot projects sales from June 1, 2006 - December 31, 2006 to be in the range
of USD$8 million - USD$10 million.
As a
privately held company, the Subject is not required to file financial
statements for public review.
HISTORY
Mr. Aria
Ahdoot, President, has 12 years experience in the import and distribution of
loose diamonds.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewellery, Watch, Precious Stone and Precious Metal
SIC
Code: 5094
Number
of Employees: 4
Business
Activity:
The
Subject is engaged in the import and distribution of loose diamonds.
The
Subject imports from Israel, India, and Belgium.
The
heading address is the Subject's sole location.
TRADE REFERENCES
We have
faxed a written request for trade references to Mr. Ahdoot per his
request. To date we have not received a
response. If a response is received this report will be amended and forwarded
on.
PUBLIC RECORD
A search
of public shows no suits, judgments or liens filed against the subject. We have
also conducted a nationwide search with bankruptcy courts, which have revealed
no record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
DIAMOND
TRADING COMPANY is a new company engaged in the import and distribution of
loose diamonds. Management provided operating details. At this time no payment
history or derogatory filings have been traced to the firm.
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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