MIRA
INFORM REPORT
|
Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
SARITEJDIAM INC |
|
|
|
|
Registered Office : |
516 Fifth Avene |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.03.1977 |
|
|
|
|
Legal Form : |
Corporation – Private |
|
|
|
|
Line of Business : |
Manufacturer of Jewelry and a Wholesaler of diamonds and jewelry. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : SARITEJDIAM, INC.
Trade Name(s) : DESIGN TRENDS
Address :
City :
State/Province :
Zip Code : 10036
Telephone : 212 869-3879
Facsimile : 212 869-5915
Legal Form : Corporation - Private
Website : No Website
Maj. Shareholder : Mr. Tejas Mehta
Number of Employees : 8
As of:
Sales / Revenue:
Country :
UNITED STATES
Net Income:
Total Equity:
Business Activity :
SARITEJDIAM, INC. is engaged as a manufacturer of jewelery and a wholsaler of
diamonds and jewelry.
NOTE TO CLIENT
The information in this report was provided
by Mr. Dhaval Mehta, Vice President of Sales.
NOTE: The requested address;
NOTE: FID: 13 2889805-031702 was unable to be confirmed at the time of this report.
LEGAL
Legal Form : Corporation -
Private
Since (D/M/Y) :
16/03/1977
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form : Company is NOT required
to publish an annual financial report.
Current Entity Name : SARITEJDIAM,
INC.
Initial DOS Filing Date : MARCH 16, 1977
County :
Jurisdiction :
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)
SARITEJDIAM, INC.
2 WEST 45 ST
Registered Agent
NONE
Managers/Key Personnel
Mr. Tejas Mehta President
Mr. Dhaval Mehta Vice President - Sales
OWNERS
Mr. Tejas Mehta % Majority
AFFILIATED ENTITIES
There are no subsidiaries, divisions
or parent companies.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
A banking reference was declined.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
PACKAGING
07-07 06-11 NET 30 0 0
0 0 0
0 0 CUST
1 YR
AIR TRANS
05-05 05-05 100 0
0 0 0
0 0
BUS SERVCS 04-09 04-08 NET 30 0
0 0 0
0 0 0
GENERAL
05-02 03-02 NET 30 0 0
0 0 0
0 0 CUST 15 YR
LEASING
07-06 00-00 CONTRCT 3800
3800 100 0 0
0 0 CUST
1 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0 0 0
OFFC
SUPPL 07-01 00-00 CREDIT 1000 0
0 0 0
0 0
CURRENT QUARTER 0 0
0 0 0
0 0
FINANCIAL INFORMATION
Annual sales are reported to be
in the US$ 15 million, however this
could not be confirmed with
management at the time of this report.
CURRENT OPERATIONS
NAICS Code :
42194 Jewelry, Watch, Precious Stone
and Precious Metal
SIC Code :
5094
NAICS Code :
339911 Jewelry (except Costume)
Manufacturing
Number of Employees : 8
Business Activity : SARITEJDIAM, INC. is engaged as a
manufacturer of jewelery and a wholsaler of
diamonds and jewelry.
The heading address is the headquarters and sole location for the subject
company.
PUBLIC RECORD
No liens, judgments or bankruptcy
filings were found:
Name Searched : SARITEJDIAM INC.
Debtor Address :
SARITEJDIAM INC. 2 WEST 45TH STREET
Secured Parties : ABN AMRO BANK N.V.
Filing Date : 2/12/2003
Filing Number : 0302120318543
Filing Type : CONTINUATION
Original Filing Number : 88601693
Name Searched :
SARITEJDIAM INC.
Debtor Address : SARITEJDIAM INC.2
Secured Parties : ANTWERPSE DIAMANTBANK
N.V.
Filing Date : 12/19/2005
Filing Number : 0512191337391
Filing Type : INITIAL FILING
Name Searched : SARITEJDIAM INC.
Debtor Address : SARITEJDIAM, INC.
516
Secured Parties : M & T CREDIT
SERVICES, LLC TIGER LEASING, LLC
Filing Date : 9/6/2006
Filing Number : 0609065869578
Filing Type : INITIAL FILING
GENERAL COMMENTS
SARITEJDIAM, INC. is well established
with annual sales in the US$ 15 million. Payments are made on time and the
operation history is clear. The firm is considered to be responsible for normal
business transactions at this time.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)