MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
EVEREST STAR INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05/04/1996 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of Diamonds |
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 : EVEREST STAR INC.
Address :
City :
State/Province :
Zip Code :
10036
Country :
UNITED STATES
Telephone : 212
840-7170
Facsimile :
212 840-5833
Legal Form :
Private Company
Website :
N/A
Business Activity : The
Subject is a wholesaler of diamonds.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 4
NOTE TO CLIENT
We could not reach a member of Management. We spoke with customer
service who confirmed all the information in this report. A written request was sent via facsimile for
additional information to Mr. Karnovat, C.E.O, whom we were told is the sole
individual to disclose information. If a response is received the report will
be
amended.
LEGAL
Legal Form :
Private Company
Since (D/M/Y) :
05/04/1996
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
The Company is incorporated in
the State of
Current Entity Name :
EVEREST STAR, INC.
Initial DOS Filing Date :
APRIL 05, 1996
County :
Jurisdiction :
Entity Type :
DOMESTIC BUSINESS CORPORATION
Current Entity Status :
ACTIVE
Managers/Key
Personnel
Mr. Narendra Karnovat Chief Executive Officer
AFFILIATED ENTITIES
No affiliates or subsidiaries were reported.
BANKS
Israel Discount Bank
511
NY 10017
Telephone: 212-551-8500
Facsimile: 212-551-8507
Account Number:
Account Manager:
The Bank requires an account number and signed authorization which cou from
management.
PAYMENT HISTORY
The Company is not a seeker of local trade credit and as such a
significant payment record could not be developed.
FINANCIAL INFORMATION
We could not obtain any financial information and outside sources provided
no insight into the financial condition of the Subject.
CURRENT OPERATIONS
NAICS Code : 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees
4
Business Activity
The Subject is a wholesaler of diamonds.
The Company offers diamonds in princess cut, taper, baguettes, marquise
and brilliant cut.
The heading address is the
Company's leased headquarters and sole location.
PUBLIC RECORD
A search of public shows no suits, judgments or liens filed against the
subject. We also conducted a nationwide search with bankruptcy courts, which
have revealed no record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
Everest Star, Inc was incorporated in 1996. The Subject is a wholesaler of diamond
products. The Subject is not a local
seeker of trade credit. Management provided operating details. We know the
Company to be of good legal standing and are considered 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%)