MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
STAR
DIAMONDS, INC. |
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Registered Office : |
807
East Fort Union Boulevard, Midvale, Utah – 84047 |
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Country : |
United
States |
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Date of Incorporation : |
07/05/1991 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Engaged
as a jewelry retailer |
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 : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: STAR DIAMONDS, INC.
Trade Name(s): ARI DIAMOND
Address: 807 EAST FORT UNION BOULEVARD
City: MIDVALE
State/Province: UTAH
Zip Code: 84047
Country: UNITED STATES
Telephone: 801 748-2800
Facsimile: 801 255-9015
Legal Form: Corporation - Private
Website: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 9
Business Activity: The
Subject is engaged as a Jewelry Retailer.
NOTE TO CLIENT
Person Contacted: Pat, Controller
Pat,
Controller, stated that Ms. Panna Goot, President, was in India and not
expected to return until early October 2006. Pat provided some general
operating details, however she deferred
any financial information. A facsimilie
was sent but no response was received. If the Subject responds at a later time,
the report will be updated.
NOTE (NAME): THE NAME PROVIDED " ARI DIAMONDS INC. IS A
FICTITIOUS NAME UTILIZED BY STAR DIAMONDS, INC. THEREFORE, THE CORRECT LEGAL
NAME IS STAR DIAMONDS, INC. DBA: ARI DIAMONDS FOR WHICH A REPORT FOLLOWS.
LEGAL
Legal Form: Corporation - Private
Since (D/M/Y):
07/05/1991
State/Province of Incorporation: UT
Status: INACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Corporate Registration
Business Name: STAR DIAMONDS, INC.
Type: Corporation
Entity Number: 937064-0142
Registration Date: 06/20/1986
State of Origin: UT
Address: 807 E FT UNION BLVD
MIDVALE, UT 84047
Status: Active
Status Description: Good Standing
This Status Date: 09/01/1995
Last Renewed: 05/02/2006
License Type: Corporation - Domestic - Profit
Delinquent Date: 06/20/2007
Registered Agent: PANNA GOOTT
Address Line 1: 807 E FT UNION BLVD
City: MIDVALE
State: UT
Zip: 84047
Managers/Key Personnel
MRS. PANNA GOOTT President & Treasurer
AFFILIATED ENTITIES
There are no affiliated companies or businesses.
BANKS
Zion First National Bank
UT
Telephone: 801 524-89677
Facsimile:
Account Number:
Account Manager: Ms. Vivenne Davies
Access to account information by outside parties is prohibited.
PAYMENT HISTORY
The firm is not a large seeker of local trade credit therefore a
significant payment record for the Firm has not been established.
FINANCIAL INFORMATION
Financial information was deferred and all outside sources
failed to add insight as to the condition of the Firm. A written inquiry was
faxed to Ms. Goot and if she responds the report will be amended.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Number of Employees: 9
Business Activity:
The Subject is engaged as a Jewelry Retailer.
The Firm offers precious and semi-precious gems and jewelry
including earrings, bracelets, necklaces, rings watches and other related
items. Sales are to the general public in the area through credit card and cash
transactions.
The headquarters for the Firm is located at the heading address.
There is one retail branch located in Layton, Utah.
PUBLIC RECORD
A search of public revealed no bankruptcy, legal actions or other
derogatory information filed under the name Star Diamond, Inc.
GENERAL COMMENTS
STAR DIAMONDS, INC., incorporated in 1991, is engaged as a
jewelry retailer. Financial Information and payment history could not be
developed on the Subject. No derogatory information was reported or noted.
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%)