MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ASHI DIAMONDS,
L.L.C. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08/01/1998 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Engaged as a
manufacturer of jewelry. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: ASHI
DIAMONDS, L.L.C.
Address: 18
EAST 48TH STREET 14TH FLOOR
City:
State/Province:
Zip Code: 10017
Country: UNITED
STATES
Telephone: 212
319-5713
Facsimile: 212
319-4341
As of: 31/12/2006
Sales /
Revenue: 4,700,000
Net Income:
Total Equity:
Legal Form: Limited
Liability Company
Website: www.ashidiamonds.com
Business Activity: The Subject is engaged as a
manufacturer of jewelry.
NOTE TO CLIENT
PERSON
CONTACTED: Ms. Kalyaanee
Dhokrikar- Credit Manger
Ms. Dhokrikar
provided all the information in this report.
Ms. Dhokrikar
declined to release the number of employees for the Subject, however she did
state that it was above 10.
LEGAL
Legal Form: Limited Liability
Company
Since (D/M/Y): 08/01/1998
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity
Name: ASHI
DIAMONDS, L.L.C.
Initial DOS Filing
Date: JANUARY
08, 1998
County:
Jurisdiction:
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity
Status: ACTIVE
Selected Entity
Address Information DOS Process (Address to which DOS will mail process if
accepted on behalf of the entity)
ASHI DIAMONDS,
L.L.C.
14TH FLOOR
Registered Agent
NONE
Managers/Key
Personnel
Mr. Mahendra
Pandya President
Mr. Rajez
Pandya Vice President
Mr. Sanjay
Pandya Vice President
AFFILIATED ENTITIES
There are no
affiliates.
Ashi SR Gems Pvt. Ltd.
-
Ashi Diamonds
Private Limited-
BANKS
Bank of
Telephone:
800-765-4882
Facsimile:
415-343-9301
Account Number:
Account Manager:
Management has agreed
to provided the account number for a bank reference. If they respond the
reference will be contacted and the information will be forwarded on
immediately. Please note that it is our experience that these requests could
take several days before they respond.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
07-06 07-06 0000000 20400
18600 91 9 0 0
0 CUST 20 YR
BANK
07-07 07-06 CONTRCT 2500000
0 0 0
0 0 0
CUST 2 YR
BUS SERVCS 07-07 00-00 NET 30 100
100 100 0 0
0 0
COMPUTERS
07-04 00-00 0000000 8600
0 0 0
0 0 0
CUST 2 YR
COMPUTERS
07-06 00-00 CREDIT 15000 0
0 0 0
0 0
OFFC SUPPL 07-06 04-02 CREDIT 5000
0 0 0
0 0 0
ACCTCLOSED
PACKAGING
07-08 00-00 NET 30 100 100
100 0 0 0
0 CUST 2 YR
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
BUS SERVCS 07-02 07-02 NET 30 0
0 0 0
0 0 0
LEASING
07-06 00-00 CONTRCT 200
200 100 0 0
0 0
LEASING 05-01 05-01 NOTE 6600
5600 100 0 0
0 0
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
OFFC SUPPL 04-09 04-08 NET 30 100
100 0 100 0
0 0 CUST 16 YR
CURRENT QUARTER 2549200 18800 91
9 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 1 19700 91 9 0
0 0
20070600
0 6 2 12100 90
10 0 0 0
20070500
0 5 1 15700 95
5 0 0 0
20070400
0 6 3 15800 83
17 0 0 0
20070300
0 8 0 26300 100 0
0 0 0
20070200
0 6 0 27300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 1 12200 92
8 0 0 0
First
2007 1 22700 96
4 0 0 0
Fourth
2006 0 122600 100 0
0 0 0
Third
2006 0 49500 100 0
0 0 0
Second
2006 1 11100 93
7 0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales / Revenues 4,700,000 - -
Management declined to
provide financial statements. However they did state that annual sales for 2006
were US$4.7 million, and that the company reported a profit for 2006.
The above figures
are in actual US$
CURRENT OPERATIONS
NAICS Code: 339911
Jewelry (except Costume) Manufacturing
SIC Code: 3911
Business Activity:
The Subject is
engaged as a manufacturer of jewelry.
The Firm is a
manufacturer of jewelry, that consist of diamonds and precious stones. The
subject markets its jewelry throughout US,
The above address is
the headquarters and sole location for the Subject.
PUBLIC RECORD
Name Searched: ASHI
DIAMONDS LLC
Debtor Address: ASHI
DIAMONDS, L.L.C.
589 5TH AVE FL 6
Secured Parties:
FANCY TRADING CO, LLC
Filing Date:
10/3/2003
Filing Number:
0310031676158
Filing Type: INITIAL
FILING
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Name Searched: ASHI
DIAMONDS LLC
Creditor: ELDORADO
JEWELRY CO OF NEW YORK INC
Debtors: ASHI
DIAMONDS LLC
Docket Number:
1057092002
Filing Date:
9/7/2004
Type: CIVIL SUMMONS
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Name Searched: ASHI
DIAMONDS LLC
Debtor Address: ASHI
DIAMONDS, L.L.C.
18 EAST 48TH STREET
14TH FLOOR
Secured Parties:
BANK OF
Filing Date:
11/23/2005
Filing Number:
0511236028829
Filing Type: INITIAL
FILING
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Name Searched: ASHI
DIAMONDS LLC
Amount: $ 1
Attorney: LEVISOHN
BERGER ET AL
Civil Summons:
SOUTHERN DISTRICT OF NEW YORK -
RITANI LLC v. ASHI
DIAMONDS LLC
Defendant: ASHI
DIAMONDS LLC
589 FIFTH AV
Docket Number: 04CV3303
Filing Date:
4/30/2004
Plaintiff: RITANI
LLC
Type: CIVIL SUMMONS
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Name Searched: ASHI
DIAMONDS LLC
Defendant Counsel:
UNKNOWN
Defendant: ASHI
DIAMONDS LLC
Plaintiff Counsel:
GUY MITCHELL LEWIT, ESQ.
(718) 788-7825
Plaintiff: ELDORADO
JEWELRY CO OF NY INC
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A search of
bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
Ashi Diamonds,
L.L.C. is an established company engaged as a manufacturer and wholesaler of
diamond jewelry. The payment history is excellent. A search of public record
shows, civil suits, no further information is available. No other derogatory
information has been filed against the Company nor any bankruptcies filed by
the Company.
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%)