MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ATIT DIAMOND CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.12.1986 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and wholesaler of diamonds
and 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 : |
Fair |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Exist |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : ATIT DIAMOND CORPORATION
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 944-2848
Facsimile : 212 944-4059
Legal Form : Corporation - Private
Website : www.atitdiamond.com
@rating Opinion :
Business Activity : Manufacturer and wholesaler of diamonds and jewelry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
PERSON CONTACTED: Nimish Mehta - President
Mr. Mehta was unavailable for comment because
he was traveling in
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 31/12/1986
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
NEW YORK SECRETARY OF STATE
Legal Name : ATIT DIAMOND CORPORATION
Incorporation Date : DECEMBER 31, 1986
Jurisdiction :
Status : ACTIVE
Registered Agent : NONE
NOTE :
Managers/Key Personnel
Mr. Nimish Mehta President
AFFILIATED ENTITIES
The Company does not appear to have any subsidiaries, a parent or any other affiliations.
BANKS
*
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The primary bank for the Company could not be identified.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
PACKAGING
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
AIR TRANS
05-06 05-06 400 0
0 0 0
0 0
TELECOM
04-07 00-00 NET 15 0 0
0 0 0
0 0
CURRENT QUARTER 0 0
0 0 0
0 0
FINANCIAL INFORMATION
Management could not be reached for comment on the financial condition of the Firm. Outside sources failed to provide any insight.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
Manufacturer and wholesaler of diamonds and jewelry.
The Company's line of diamonds they offer include the following:
Rounds 8pts. (+11) to 1 Carat and up
Color and clarity range from G to I color and VS to I clarity
+ 11 Price ranges: $200 - $600
1/4 ct Price ranges : $275 - $600
1/3 & 3/8 ct Price ranges : $275 - $950
1/2 & 5/8 ct Price ranges : $300 - $1100
3/4 ct Price ranges : $400 - $1800
1 ct & up Price ranges : $300 - $2000
They also carry fancy cut diamonds in higher quality goods and promotional, in shapes of marquise, ovals, and princess cuts from 1/5 and up.
They also carry an extensive line of commercial goods. Their commercial line consists of off white diamonds (OW Shade), White Natts, Top Light Brown, and Top Light Colors. Prices ranges from $120-$800 for +11 to 1 ct for rounds and fancy shapes.
They also offer a line of high-end jewelry. The line consists of 3-stone pendants/rings, engagement bands, right-hand ring, eternity rings, tennis bracelets, and earrings.
The heading address appears to be the sole location for the Company.
PUBLIC RECORD
Name Searched : ATIT DIAMOND CORPORATION
Amount : $ 66,157.85
Attorney For Creditor : KAZLOW & KAZLOW
Creditor : ATIT DIAMOND CORP
Debtors : RISE DIAMOND INC
Docket Date : 12/20/2001
Docket Type : JUDGMENTS
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31001482411
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Name Searched : ATIT DIAMOND CORPORATION
Debtor Address : ATIT DIAMOND CORPORATION
Secured Parties : ABN AMRO BANK N.V. (SUCCESSOR BY MERGER TO ALGEMENE BANK
Filing Date : 2/26/2003
Filing Number : 0302260420715
Filing Type : CONTINUATION
Original Filing Number : 88220533
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NOTE: A nationwide search of bankruptcy courts shows no bankruptcy filings under the Subject's name.
GENERAL COMMENTS
ATIT Diamond Corporation is engaged as a diamond and jewellery manufacturer and wholesaler. Their payment history is limited and shows very little about their credit worthiness. One judgement was found filed against the Company. No other derogatory information was found involving the Firm. Financial information could not be obtained.
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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