MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL
DIAMOND IMPORTERS, INC. |
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Registered Office : |
22 West 48th
Street Room 904, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
01/08/1977 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged as a
diamond jewelry importer and retailer. |
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: INTERNATIONAL
DIAMOND IMPORTERS, INC.
Trade Name(s): IDI
Design Group
Address: 22
WEST 48TH STREET ROOM 904
City: NEW YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
398-0606
Facsimile: 212
398-0726
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
12
Legal Form: Corporation
- Private
Website: www.idijewelry.com
Business Activity: International Diamond Importers Inc.,
DBA, IDI Design Group, is engaged as a diamond
jewelry
importer and retailer.
NOTE TO CLIENT
Mr. Tobie
Tugendhaft, Chief Executive Officer, confirmed or provided information in this
report.
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NOTE: The heading
website was confirmed, but does not appear to be operating at this time.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 01/08/1977
State/Province of
Incorporation: New York
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
New York
registration:
Selected Entity
Name: INTERNATIONAL DIAMOND IMPORTERS,
INC.
Entity Name: INTERNATIONAL DIAMOND IMPORTERS,
INC.
Initial DOS Filing
Date: AUGUST 01, 1977
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Entity Address Information:
INTERNATIONAL
DIAMOND IMPORTERS, INC.
22 WEST 48TH ST RM
904
NEW YORK, NEW YORK,
10036-3305
Managers/Key
Personnel
Mr. Tobie Tugendhaft Chief Executive Officer
AFFILIATED ENTITIES
There are no
affiliated businesses at this time.
BANKS
ABN AMRO BANK NV
335 Madison Ave
New York NY 10017
Telephone: 212
370-8500
Facsimile: 212
503-2444
Account Number:
Account Manager:
ABN AMRO Bank
requires signed authorization to release account information. We were not
provided with this authorization at this time.
PAYMENT HISTORY
The Subject has not
established a significant payment history at this time. Trade references could not be obtained from
management.
FINANCIAL INFORMATION
Mr. Tugendhaft
stated that sales are in the $1 - $5 million range. No further details were
provided.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Number of
Employees: 12
Business Activity:
International
Diamond Importers Inc., DBA, IDI Design Group, is engaged as a diamond jewelry
importer and retailer. The Subject retails
gold and diamond, bracelets, rings, necklaces, broaches, earrings, toe rings
and other fine jewelry at their store location. Products can also be purchased
via the web. Please be advised that a user password is required to order
on-line at the Subject's web site address. The Subject also offers catalogs,
where orders can be placed by phone, major credit cards, debit, and money order
payments accepted.
The sole location
for the Subject is at the above heading address consisting of office and retail
space.
PUBLIC RECORD
We found no evidence
of bankruptcy filed in the Subject's name.
Debtor Address:
INTERNATIONAL DIAMOND IMPORTERS, INC.
22 WEST 48TH STREET
RM 904
NEW YORK, NY 10036
Secured Parties: HSBC BANK USA, NATIONAL ASSOCIATION
Filing Date: 8/25/2004
Filing Number: 0408255719676
Filing Type: INITIAL FILING
GENERAL COMMENTS
International
Diamond Importers Inc. DBA: IDI Design Group was registered in the State of New
York on August 1, 1977, engaged as a diamond importer and retailer. The payment record is satisfactory. No
bankruptcy petitions have been reported against the Subject at this time. The
Subject appears to be capable of 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%)