MIRA
INFORM REPORT
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Report Date : |
28.08.2007 |
IDENTIFICATION DETAILS
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Name : |
MIVIDAZUL.COM,INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01/11/2006 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
The Company is an
online-only jewelry retailer. |
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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: MIVIDAZUL.COM,INC.
Address:
City:
State/Province:
Zip Code: 10176
Country: UNITED
STATES
Telephone: 888-264-8432
Facsimile: 212-860-3172
Founded
(D/M/Y): / /2006
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Corporation
- Private
Website: www.mividazul.com
Business Activity: The Company is an online-only jewelry
retailer.
NOTE TO CLIENT
We spoke with Mr.
Mitesh D. Gandhi, President, who provided the information on the Company. The
Company has only been incorporated since November 2006.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 01/11/2006
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity Name:
MIVIDAZUL.COM,INC.
Initial DOS Filing
Date: NOVEMBER 01, 2006
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)
MIVIDAZUL.COM, INC.
Registered Agent
NONE
NOTE:
Managers/Key
Personnel
Mr. Mitesh D.
Gandhi President
AFFILIATED ENTITIES
Savin Diamonds
Corporation (in business for 35 years).
BANKS
Valley National Bank
NY
Telephone:
212-925-8300
Facsimile:
973-305-9478
Account Number:
Account Manager:
We have contacted the
bank, which has not responded as yet. In the event, a response is received, the
information will be forwarded on immediately.
PAYMENT HISTORY
No payment history
was found.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2007 31/12/2007 31/12/2007
Projected
Sales /
Revenues 500,000 - -
The Company has just
begun operations therefore there are no sales figures to report, however it
projects a volume of $500,000 for 2007.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Number of Employees
: 5
Business Activity:
The Company is an
online-only jewelry retailer.
The heading address
is the sole location for the Company.
PUBLIC RECORD
No adverse
information was traced to the Subject.
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject has been
incorporated since 2006. The Subject has not developed a credit history yet. No
adverse information was traced.
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%)