MIRA
INFORM REPORT
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Report Date : |
07.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FINE SQUARE
DIAMONDS, INC. |
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Registered Office : |
2 West 46th Street
#1504, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
13/05/2002 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Importer and
wholesaler 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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
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IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: FINE
SQUARE DIAMONDS, INC.
Address: 2
WEST 46TH STREET #1504
City: NEW YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
575-5326
Facsimile: 212
575-5398
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.finesquare.net
Business Activity: FINE SQUARE DIAMONDS, INC., is engaged
as an importer and wholesaler of loose
diamonds.
NOTE TO CLIENT
Attempts to reach
management were unsuccessful, the Company was called several times from April 2
to April 5. Numerous voice mails were
left, but no one responded to our messages. We also sent a written request. Once we receive a response the report will
be amended. The information in the
report was retrieved from outside sources and has not been confirmed by
management.
Please Note: The
Firm'S web site lists contact information only. The name of the Company's principal officers could not be
identified.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 13/05/2002
State/Province of
Incorporation: NJ
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the state of New Jersey under the following registration:
Entity Name: FINE
SQUARE DIAMONDS, INC.
Business ID
Number: 0100878972
Transaction
Number: Sequence: 949208
Business Type: DOMESTIC
PROFIT CORPORATION
Status: ACTIVE
Filing Date: 05/13/2002
Home
Jurisdiction: NJ
Stock Amount: 2000
Incorporator: JOAN
GRAHAM
Agent: CHETNA SHAH
Agent Address: 1354A
PATERSON PLANT ROAD
SECAUCUS, NJ 07094 - 0000
__________________________________________________________________
The Firm is
authorized to conduct business in State of New York under the following
registration:
Entity Name: FINE
SQUARE DIAMONDS, INC.
Initial DOS Filing
Date: NOVEMBER
08, 2002
County: NEW YORK
Jurisdiction: NEW
JERSEY
Entity Type: FOREIGN
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
AFFILIATED ENTITIES
Outside sources
failed to add any insight into any related affiliated businesses or
subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Banking information
could not be obtained.
PAYMENT HISTORY
The Company is not a
large seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL INFORMATION
Outside sources
failed to add any insight into the current financial situation of the Firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity:
FINE SQUARE
DIAMONDS, INC., is engaged as an importer and wholesaler of loose
diamonds. The heading address is the
only known location for the Firm.
TRADE REFERENCES
Supplier references
could not be obtained.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 2241405
Filing Type: STATE
TAX LIENS
Filing Office: NEW
YORK COUNTY CLERK
Filing County: NEW
YORK
Filing Date: 03/13/2007
DEBTOR INFORMATION
Debtor: FINE SQUARE
DIAMONDS INC
62 W 47TH ST
NEW YORK, NY 10036-3201
Debtor Amount: $1,313
CREDITOR INFORMATION
Creditor: NYS TAX
COMMISSION
BROOKLYN, NY 11217-1579
LIEN INFORMATION
Total Amount: $1,313
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Filing Number: 2132025
Filing Type: STATE
TAX LIENS
Filing Office: NEW
YORK COUNTY CLERK
Filing County: NEW
YORK
Filing Date: 05/31/2006
DEBTOR INFORMATION
Debtor: FINE SQUARE
DIAMONDS INC
62 W 47TH ST
NEW YORK, NY 10036-3201
Debtor Type: BUSINESS BUSINESS DEBTOR
Debtor Amount: $1,441
CREDITOR INFORMATION
Creditor: NYS TAX
COMMISSION
BROOKLYN, NY 11217-1579
LIEN INFORMATION
Total Amount: $1,441
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No bankruptcy
petitions were reported under the name Fine Square Diamonds, Inc.
GENERAL COMMENTS
FINE SQUARE
DIAMONDS, INC., is engaged as an importer and wholesaler of loose diamonds
engaged in business since 2002. There
is no payment history for the Firm, and a nationwide search of legal
litigations and bankruptcy courts revealed no bankruptcy petitions under the
Subject's name.
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%)