MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
MA - DIAM CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09/11/1999 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of jewelry and 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : MA - DIAM
CORPORATION
Address :
City :
State/Province :
Zip Code :
10036
Country :
UNITED STATES
Telephone : 212
395-9515
Facsimile :
212 395-9516
Legal Form :
Corporation - Private
Website :
N/A
Business Activity : The
Company is wholesaler of jewelry and diamonds.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
NOTE TO CLIENT
Contact: Mr. Bhaiat(no last name provided)
When we contacted the Company Mr. Bhaiat declined any genetic or
financial information regarding the Firm.
The New York Secretaries of State's Offices located one registration
under the name; MA - DIAM Corporation (please see the legal section for a full
registration).
At this time, MA - DIAM
Corporation could not be contacted for an informative management interview.
The Firm was forward a fax requesting financial information. Currently
we have not receive a response.
This is a full investigation.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
09/11/1999
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
Current Entity Name: MA - DIAM CORPORATION
Initial DOS Filing Date: NOVEMBER 09, 1999
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)
MA - DIAM CORPORATION
Principal Executive Office
MA - DIAM CORPORATION
Registered Agent
NONE
Managers/Key
Personnel
Mr. Ashok Jodhani
Chief Executive Officer
AFFILIATED ENTITIES
There are no known affiliated companies or business.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The primary bank could not be obtained either directly from management
or from outside sources consulted.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 00-00 0000000 4800
400 100 0 0
0 0 CUST 23 YR
BUS SERVCS 07-06 00-00 NET 30 0
0 0 0 0 0 0
FINCL SVCS 07-07 07-06 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
AIR TRANS
06-11 00-00 NET 30 300 0
0 0 0
0 0 CUST
1 YR
CELLUL/PAG 05-06 05-05 NET 30 100
0 0
0 0 0
0 CUST 5 YR
FINCL SVCS 06-03 06-02 CONTRCT 0 0
0 0 0
0 0 SATSFTRY
GENERAL
05-02 02-01 NET 30 0 0
0 0 0
0 0 CUST 15 YR
LEASING
07-06 00-00 CONTRCT 800
800 100 0 0 0 0
LEASING
06-02 00-00 CONTRCT 0
0 0 0
0 0 0
CUST 1 YR
CURRENT QUARTER 4800 400
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT
DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070700
0 7 0 400 100 0
0 0 0
20070600
0 8 0 2200 100 0
0 0 0
20070500
0 8 4 4800 75
25 0 0 0
20070400
0 8 4 4800 75
25 0 0 0
20070300
0 8 0 1900 100 0
0 0 0
20070200
0 7 0 1900 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 2 2500 84
16 0 0 0
First
2007 2 2900 86
14 0 0 0
Fourth
2006 0 1900 100 0
0 0 0
Third
2006 2 1900 85
15 0 0 0
Second
2006 0 1700 98
2 0 0 0
FINANCIAL INFORMATION
We could not obtain financial information and a variety of outside
sources consulted; business registers, directories as well as electronic search
failed to add any insight into the financial condition of the firm.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Business Activity
The Company is wholesaler of jewelry and diamonds.
The heading address is the Company's headquarters and sole location
where it oversees day-to-day operations. We could not ascertain whether the
facility is owned or leased nor the square footage of the space.
PUBLIC RECORD
A nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the
Company's name.
GENERAL COMMENTS
The Company is been operating since 1999, engaged as a wholesaler of
jewelry and diamonds. The payment record is limited, but satisfactory and no
derogatory information was noted.
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. |
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%)