MIRA INFORM REPORT

 

 

Report Date :

07.12.2007

 

IDENTIFICATION DETAILS

 

Name :

SANDEEP DIAMOND CORP

 

 

Registered Office :

20 E 46th St Rm 603, New York, Ny 10017-9283

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

08/20/1986

 

 

Legal Form :

Institutions

 

 

Line of Business :

Jewelry & Precious Stones Wholesaling

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Slow by 4 days

 

 

Litigation :

Clear

 

 

Company Information

 

 

SANDEEP DIAMOND CORP
20 E 46TH ST RM 603
NEW YORK, NY 10017-9283
(212) 949-2100

Business Identification Number:

707976452

File Established:

12/1986

Date of Incorporation:

08/20/1986

SIC code: 

JEWELRY & PRECIOUS STONES WHLSNG - 5094

 

Executive Summary

 

 

  Intelliscore for SANDEEP DIAMOND CORP

 

 

49.30

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM TO HIGH RISK
28% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

RECENTLY DELINQUENT OR DEROGATORY AVG ACCOUNT BALANCES

NUMBER OF DELINQUENT OR DEROGATORY ACCOUNTS

NUMBER OF DELINQUENT ACCOUNTS

NUMBER OF TRADES WITH A HIGH BALANCE TO HIGH CREDIT RATIO



  Current DBT range compared to all industries*

4 DBT
($2,500 Balance)

 

 

 

 

 

 

0-15

16-50

51+

80%

11%

9%

% of US businesses falling within DBT range

DBT Norms:
All industries: 6 DBT        Same industry: 4 DBT

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings:

0

Cautionary UCC filings present?

No



Trade Information

Monthly average DBT:

5

Highest DBT previous 6 months:

19

Highest DBT previous 5 quarters:

19

Total continuous trades:

2

Current continuous trade balance:

$2,500

Trade balance of all trades (6):

$2,500

Average balance previous 5 quarters:

$940

Highest credit amount extended: details

$2,400

6 month balance range:

$200 - $2,500

* Days Beyond Terms (DBT) is a dollar weighted calculation of the average number of days that payment was made beyond the invoice due date based on trades on file that have been updated in the previous 3 months.

 

 

 

 

 

  7 month DBT trends

 

90+

60

30

 


0

 


0

 


4

 


19

 


4

 


4

 


4

 

0

May07

Jun07

Jul07

Aug07

Sep07

Oct07

Current

 

  Quarterly DBT trends (previous 5 quarters)

 

90+

60

30

 


0

 


0

 


0

 


0

 


5

 

0

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Performance Analysis

Predicted DBT for 01/30/2008: 4 DBT

Payment Trend Indication:
Show No Identifiable Trend

Industry payment comparison:
Has paid sooner than 50% of similar firms

Most Frequent Industry Purchasing Terms:
NET 30, CREDIT, and CONTRCT

 

 

 

 

Trade Payment Information

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

+AIR TRANS

10/2007

 

 

 

$2,400

$2,400

96%

 

 

 

4%

CUST 21 YR

+TELECOM

11/2007

 

NET 30

 

$300

$100

100%

 

 

 

 

 

 

Trade Payment Totals

 

 

Trade Payment Experiences

Account Status
Days Beyond Terms

 

Type

Lines
Reported

 

 

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

Continuously Reported

2

 

 

$2,700

$2,500

96%

 

 

 

4%

DBT: 4

Newly Reported

0

 

 

 

 

 

 

 

 

 

DBT:  

Trade Lines Totals

2

 

 

$2,700

$2,500

96%

 

 

 

4%

DBT: 4

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

 AIR TRANS

11/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

 BUS SERVCS

06/2006

06/2006

NET 30

 

 

$0

 

 

 

 

 

 

 LEASING

04/2006

 

CONTRCT

 

 

$0

 

 

 

 

 

 

 MANUFCTRNG

10/2006

 

CERTCHK

 

 

$0

 

 

 

 

 

 

 

Monthly Payment Trends

 

 

Payment Trends Analysis
JEWELRY & PRECIOUS STONES WHLSNG INDUSTRY SIC: 5094

Account Status
Days Beyond Terms

Date Reported

Industry

Cur

DBT

Business
DBT

Balance

Cur

1-30

31-60

61-90

91+

CURRENT

N/A

N/A

4

$2,500

 

96%

 

 

 

4%

OCT07

88%

4

4

$2,500

 

96%

 

 

 

4%

SEP07

87%

5

4

$1,800

 

95%

 

 

5%

 

AUG07

87%

4

19

$200

 

57%

 

43%

 

 

JUL07

87%

4

4

$400

 

73%

27%

 

 

 

JUN07

87%

4

0

$1,100

 

100%

 

 

 

 

MAY07

86%

5

0

$500

 

100%

 

 

 

 

 

Quarterly Payment Trends

 

 

Payment History - Quarterly Averages

Account Status
Days Beyond Terms

Quarter

Months

DBT

Balance

Cur

1-30

31-60

61-90

91+

Q3 - 07

JUL-SEP

5

$800

 

88%

4%

4%

4%

 

Q2 - 07

APR-JUN

0

$800

 

100%

 

 

 

 

Q1 - 07

JAN-MAR

0

$1,000

 

100%

 

 

 

 

Q4 - 06

OCT-DEC

0

$1,500

 

100%

 

 

 

 

Q3 - 06

JUL-SEP

0

$600

 

100%

 

 

 

 

 

Inquiries

 

 

  Summary of Inquiries

Business
Category

DEC07

NOV07

OCT07

SEP07

AUG07

JUL07

JUN07

MAY07

APR07

TELECOM

 

1

 

 

 

 

 

 

 

Totals

 

1

 

 

 

 

 

 

 

 

UCC Profile

 

The UCC Filings are summarized and listed below.

 

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

 

 

 

 

 

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

 

 

 

1

Total

 

 

 

 

 

1

 

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

 

Back to top

 

  UCC Filings

 

UCC AMENDED Date: 04/16/2003

Filing Number: 200304160822392

Original Filing Date: 11/17/1988

Original Filing Number: 296037

Original Filing State: NY

Jurisdiction: SEC OF STATE NEW YOR

Secured Party: ABN AMRO BANK N.V. (SUCCESSOR BY MERGER

Collateral:  

 

Company Background Information

 

 

  Additional Company Background Information

 

Key Personnel

Principal(s): 

SANDEEP SHAH, PRESIDENT

 

SANJAY JAVERI


Operating Information

Business Type: Institutions


Primary SIC Code: JEWELRY & PRECIOUS STONES WHLSNG - 5094


Number of Employees: 14


 

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.

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions