MIRA
INFORM REPORT
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Report Date : |
05.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SEQUEL DIAMOND CORP. |
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Registered Office : |
27 West 47th Street Suite Ii 309, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
04/12/2002 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Wholesaler of fine jewelry. |
RATING &
COMMENTS
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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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SEQUEL DIAMOND CORP.
Address: 27 WEST 47TH STREET SUITE II 309
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212 730-6460
Facsimile: 212 730-6470
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 3
Legal Form: Corporation - Private
Website: N/A
Business Activity: The
Firm is a wholesaler of fine jewelry.
NOTE TO CLIENT
Person Contacted: Ms. Jasmine Patwa, President.
IMPERATIVES
NOTE: The is a similarly named company that was operating in New York,
domestic to New York known as SEQUEL DIAMONDS CORPORATION under the following
registration.
Current Entity Name: SEQUEL DIAMONDS CORPORATION
Initial DOS Filing Date: NOVEMBER 27, 2000
County: NASSAU
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process
SEQUEL DIAMONDS CORPORATION
PO BOX 4016
GREAT NECK, NEW YORK, 11023
Registered Agent
NONE
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Mr. Patwa stated even though the companies have very similar names,
similar operations and the same bank; The Firm and the above note company are
NOT AFFILIATED OR RELATED IN ANY WAY.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 04/12/2002
State/Province of Incorporation: DE
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in Delaware under the following:
File Number: 3597955
Incorporation Date: 12/04/2002
Entity Name: SEQUEL DIAMOND CORP.
Entity Kind: CORPORATION
Entity Type: GENERAL
Residency: DOMESTIC
State: DELAWARE
REGISTERED AGENT INFORMATION
Name: CORPORATE SERVICE BUREAU INC.
Address: 3500 SOUTH DUPONT HIGHWAY
City: DOVER
County: KENT
State: DELAWARE
Postal Code: 19901
Phone: (518)463-4179
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We could not locate a registration in New York under the provided name.
Management also stated that the Firm is not required to qualify with the
Secretary of State in New York.
Managers/Key
Personnel
Ms. Jasmine Patwa
President
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
BANKS
HSBC BANK
Buffalo NY
Telephone: 800 975-4722
Facsimile:
Account Number: 138710 E95
Account Manager:
Policy prohibits the bank from releasing information concerning the
bank's commercial customers.
VIJAYA BANK
SANTA CRUZ CA
Telephone:
Facsimile:
Account Number:
Account Manager:
A request for authorization was faxed to management, if they respond the
authorization will be forwarded to the bank immediately.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit, as such a payment
record could not be developed.
FINANCIAL INFORMATION
Ms. Patwa declined to provide financial statements or annual sales,
therefore the Firm's condition could not be evaluated. A written inquiry was
sent via fax, if she responds the report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
3
Business Activity:
The Firm is a wholesaler of fine jewelry.
The Firm offers a wide variety of fine jewelry such as: rings,
bracelets, watches, earrings, anklets, cuff links, pendants and necklaces. The
Firm also offers precious stones and metals including: gold, silver, platinum,
diamonds, rubies, emeralds, onyx, ebony and pearls.
The heading address is the Firm's sole location.
TRADE REFERENCES
No trade references could be obtained from the Firm.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were
traced to the Firm.
GENERAL COMMENTS
The Firm is a well established wholesaler of fine jewelry. The payment
record is satisfactory. No Uniform Commercial Codes, tax liens or bankruptcy
petitions were traced to the Firm. The Firm is considered responsible for
normal trade relations.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)