MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
HORIZON DIAMOND INC. |
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Registered Office : |
550 SOUTH HILL STREET SUITE # 690, LOS
ANGELES, CALIFORNIA - 90013 |
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Country : |
United States |
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Date of Incorporation : |
26/09/1990 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Manufactures and distributes various
types of 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 : |
Unknown |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
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Company
Name |
HORIZON DIAMOND INC. |
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Address |
550 SOUTH HILL STREET SUITE # 690 |
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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 |
213-623-5015 |
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Facsimile |
213-623-2303 |
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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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Legal
Form |
Corporation - Private |
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Website |
www.horizondiamonds.com |
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Business
Activity |
The Company manufactures and distributes various types of diamonds. |
NOTE TO CLIENT
Attempts were made to contact the Company however we were unable to reach Management. There has been no response to several attempts made to contact the Subject. Therefore, general information in this report cannot be substantiated.
Number of employees could not be determined.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 26/09/1990
State/Province of Incorporation : CA
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of California:
HORIZON DIAMOND INC.
Number: C1487797
Date Filed: 9/26/1990
Status: active
Jurisdiction: California
Address
550 SOUTH HILL ST #690
LOS ANGELES, CA 90013
Agent for Service of Process
NILESH N SHAH
550 SOUTH HILL ST #690
LOS ANGELES, CA 90013
Managers/Key
Personnel
Mr. Nilesh N. Shah President
AFFILIATED ENTITIES
The Company has the following affiliates:
Tej Diam (India)
Smit Diam, Inc. (New York)
Blue Diamond, Inc. (Illinois)
Parent Companies
Parent Company: Horizon Diamonds B.V.B.A
INDIA
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain any bank information.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant payment record could not be developed.
FINANCIAL INFORMATION
We could not obtain any financial information.
CURRENT OPERATIONS
NAICS Code: 44831 Jewellery Stores
SIC Code: 5944
Business Activity:
The Company manufactures and distributes various types of diamonds. As far as could be determined, there are no branch locations or divisions. The heading address is the Company's headquarters and sole location where it oversees day-to-day operations. We could not determine if the building is owned or leased nor the square footage of the space.
TRADE REFERENCES
We could not obtain any trade reference information.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Incorporated in 1990, the Subject is an established manufacturer and distributor of various types of diamonds. No payment records were found and a search of public records and bankruptcy courts revealed no derogatory information or record of the Company filing a bankruptcy petition.
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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