MIRA
INFORM REPORT
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Report Date : |
13.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIA-CENTRE INC. |
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Registered Office : |
22 West 48th Street Suite 704, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
1992 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer and wholesaler of loose diamonds and 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: DIA-CENTRE INC.
Address: 22 WEST 48TH STREET SUITE 704
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212-354-0393
Facsimile: 212-730-0858
Founded (D/M/Y): /
/1992
In KUSD As of: 31/12/2006
Sales / Revenue: 8,000
Net Income:
Total Equity:
Number of Employees: 9
Legal Form: Corporation - Private
Website: www.diacentre.com
Maj. Shareholder: Mr. Vinay Kothari
Business Activity: The
Company is an importer and wholesaler of loose diamonds and jewelry.
NOTE TO CLIENT
NOTE:: LEGAL NAME: DIA-CENTRE
INC.
ORDERED NAME: DIA CENTRE INC.
Person Contacted: Mr. Vay Kothari, Vice President. Mr. Kothari verified
and updated the information presented to him.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 28/01/1992
State/Province of Incorporation: NY
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company incorporated in New York under the following registration:
Current Entity Name: DIA-CENTRE
INC.
Initial DOS Filing Date: JANUARY
28, 1992
County: NEW
YORK
Jurisdiction: NEW
YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
DIA-CENTRE INC.
22 WEST 48TH STREET
SUITE 704
NEW YORK, NEW YORK, 10036-1803
Chairman or Chief
Executive Officer
VINAY KOTHARI
22 WEST 48TH STREET
SUITE 704
NEW YORK, NEW YORK, 10036-1803
Principal
Executive Office
DIA-CENTRE INC.
22 WEST 48TH STREET
SUITE 704
NEW YORK, NEW YORK, 10036-1803
Registered Agent: NONE
Managers/Key
Personnel
Mr. Vinat Kothari President
Mr. Krishna Vadawala
Office Manager
Mr. Vay Kothari
Vice President
OWNERS
Mr. Vinay Kothari 100.00% Majority
The Company has no subsidiaries or affiliates.
BANKS
HSBC Bank
New York NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank policy prohibits providing credit information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
OFFC SUPPL 07-01 05-09 CREDIT 1000
0 0 0
0 0 0
AIR TRANS
06-11 00-00 0000000 2000
600 100 0 0
0 0 CUST 14 YR
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
BUS SERVCS 04-09 04-08 NET 30 0
0 0 0
0 0 0
GENERAL
04-05 96-04 NET 30 0 0 0 0 0
0 0 CUST 11 YR
PACKAGING
05-05 00-00 NET 30 0 0 0 0 0
0 0 CUST 3 YR
CURRENT QUARTER 1000
0 0 0
0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y):
31/12/2006 31/12/2005 31/12/2004
Consolidated Consolidated Consolidated
Sales / Revenues
8,000
7,000 6,000
Mr. Kothari declined to provide financial statement information over the
phone, however, he did provide a net sales figure for 2006 of US$8 Million and
for 2005 of US$7 Million.
He accepted a fax request to provide additional financial information.
If we receive a response, we will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
9
Business Activity:
The Company is an importer and wholesaler of loose diamonds and jewelry.
The Subject also wholesales its own line of jewelry under the name
Kathavia Collection.
Kavita Kollection is manufactured through a third party.
The Company imports primarily from India and Hong Kong. Distribution is domestic. The heading address is the sole location for
the Subject. The facility consists of leased
office space.
PUBLIC RECORD
A search of public revealed the following information and action against
the Company and no bankruptcy petitions. We could not determine the status of
the action at this time.
Name Searched: DIA-CENTRE INC.
Case Name: A & W GEMS, INC.
ALONI DIAMONDS, LTD. AMERICAN GEM CORP. ATIT DIAMOND CORP. DIA-CENTRE, INC.
EVAN'S DIAMOND, INC. GOLDSTEIN DIAMONDS, INC H. LIPSCHITZ & SONS, INC. IDOR, INC. KANTON DIAMONDS, INC.
K& D DIAMONDS, INC. LEO SCHACHTER
& COMPANY, INC. M
Plaintiff Counsel: TRATNER &
MOLLOY LLP
551 FIFTH AVENUE
NEW YORK, NEW YORK 10176
(212) 867-1100
Status: ACTIVE
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Name Searched: DIA-CENTRE INC.
Debtor Address: DIA-CENTRE INC.
22 WEST 48TH STREET, SUITE 704
NEW YORK, NY 10036
Secured Parties: HSBC BANK USA, NATIONAL ASSOCIATION
Filing Date: 6/7/2006
Filing Number: 0606075556468
Filing Type: INITIAL FILING
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Name Searched: DIA-CENTRE INC.
Debtor Address: DIA-CENTRE, INC.
22 WEST 48TH STREET
NEW YORK, NY 10036
DIACREATIONS
22 WEST 48TH STREET
NEW YORK, NY 10036
Secured Parties: FLEET BANK, IT'S SUCCESSORS & ASSIGNS
Filing Date: 4/21/2000
Filing Number: 00079995
Filing Type: INITIAL FILING
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Name Searched: DIA-CENTRE INC.
Debtors: DIA-CENTRE, INC
22 WEST 48TH STREET
NEW YORK, NY 10036
DIACREATIONS
22 WEST 48TH STREET
NEW YORK, NY 10036
Filing Date: 04/26/2000
Filing Number: 00PN21317
Filing Type: INITIAL FILING
Original Filing Number: 00PN21317
Secured Party: FLEET BANK
70 BATTERSON PARK ROAD
FARMINGTON, CT 06032
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Name Searched: DIA-CENTRE INC.
Debtor Address: DIA-CENTRE INC.
22 WEST 48TH STREET, ROOM 704
NEW YORK, NY 10036
Secured Parties: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
Filing Date: 10/20/2003
Filing Number: 0310205435297
Filing Type: INITIAL FILING
GENERAL COMMENTS
The Subject, founded in New York in 1992, is engaged as an importer and
wholesaler of loose diamonds and jewelry.
The payment record is very limited, however, the operating history is
clear. No derogatory information or
bankruptcy petitions were reported or noted.
The Company is responsible for normal business transactions.
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%)