MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIARING, INC. |
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Registered Office : |
550 South Hill Street Suite 990, Los Angeles, Alifornia, 90013 |
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Country : |
United States |
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Legal Form : |
Corporation-Private |
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Line of Business : |
Producer and Seller of Jewelry |
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 : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : DIARING, INC.
Address : 550 SOUTH HILL STREET SUITE 990
City : LOS ANGELES
State/Province : CALIFORNIA
As of :
Zip Code : 90013
Sales / Revenue :
Country : UNITED STATES
Net Income :
Telephone : 212-489-3894
Total Equity :
Facsimile : 212-489-3896
Number of Employees : 2
Legal Form : Corporation - Private
Website : www.diaring.com
Business Activity : Producer and seller of jewelry.
NOTE TO CLIENT
Mr. Sarju Vora, President, declined to provide information regarding the Company over the phone citing strict Company policy. A written request has been faxed to Mr. Vora. Should we receive a response at a
later time, this report will be updated accordingly.Since we could not reach a member of Management who could provide information pertaining to the Subject, we cannot substantiate general information contained in this report.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 13/07/1992
State/Province of Incorporation : CA
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
CALIFORNIA SECRETARY OF STATE:
DIARING, INC.
Number: C1825295 Date Filed: 7/13/1992 Status: active
Jurisdiction: California
Address
550 S HILL ST STE 990
LOS ANGELES, CA 90013
Agent for Service of Process
DEVANG VORA
550 S HILL ST STE 990
LOS ANGELES, CA 90013
Managers/Key
Personnel
Mr. Sarju Vora President
Mr. Devang Vora Vice President
AFFILIATED ENTITIES
The Company's website does not report any affiliates or subsidiaries.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank details were declined by Management.
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
Management declined to provide any financial information and outside sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code : 5944
Number of Employees: 2
Business Activity:
Producer and seller of jewelry.
The headquarters and sole location are at the above-noted address.
TRADE REFERENCES
We have sent a written request via facsimile to the Subject for the names and contact information of their suppliers. We have not yet received a response from the Subject however at such time as we receive the requested information, we will contact all vendors of the Subject for a trade reference and provide an update.
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
An established Company, the Subject is engaged as producer and seller of jewelry. 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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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%)