MIRA INFORM REPORT

 

 

Report Date :

22.12.2007

 

IDENTIFICATION DETAILS

 

Name :

S & S DIAMOND

 

 

Registered Office :

27 Queen St E, Toronto, ON M5C2M6

 

 

Country :

United States

 

 

Date of Incorporation :

08/2003

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Retail jewellery

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

Company Information

 

 

S & S DIAMOND
27 QUEEN ST E
TORONTO, ON M5C2M6
(416) 306-0705

File Number:

0061932259

Subject Number:

TN4323

File Established:

08/2003

SIC Code:

59440000 - Retail-Jewelry

 

 

Executive Summary

 

 

Composite Index and Trend

 

90

60

30

12
Average risk

 

 


16

 


16

 


16

 


16

 


16

 


16

 


16

 


16

 


14

 

0

 

3Q05

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 


Composite Index Risk Indicators:

0-9:

Lowest risk

31-40:

High risk

10-20:

Average risk

41-69:

Highest risk

21-30:

Above average risk

70:

Bankruptcy reported

Payment Index and Trend

 

90

60

30

N/A
No payment data available

 

 


N/A

 


0

 


N/A

 


0

 


0

 


0

 


N/A

 


0

 


N/A

 

0

 

3Q05

 

4Q05

 

1Q06

 

2Q06

 

3Q06

 

4Q06

 

1Q07

 

2Q07

 

3Q07

 

 

Legal and Derogatory Items

Bankruptcy filings:

0

Most recent

N/A

Judgments:

0

Amount

N/A

Most recent

N/A

Suits:

0

Amount

N/A

Most recent

N/A

Collection claims:

0

Amount

N/A

Most recent

N/A

Returned checks:

0

Amount

N/A

Most recent

N/A

 

Credit Information

Number of lines:

Financial

0

Trade

2

Total balance:

Financial

$0

Trade

$264

High credit limit:

Financial

$0

Trade

$264

Average balance:

Financial

0

Trade

$132

Inquiries:

0

 

 

 

 

 

 

Payment Information

 

 

Quarterly Payment Trends

Quarters

Composite
Index

Payment
Index

Total
Trade
Lines

Total
Balance

Current

30

60

90

Q3 - 2007

14

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q2 - 2007

16

0

1

$18

 

100%

 

0%

 

0%

 

0%

 

Q1 - 2007

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q4 - 2006

16

0

1

$18

 

100%

 

0%

 

0%

 

0%

 

Q3 - 2006

16

0

1

$38

 

100%

 

0%

 

0%

 

0%

 

Q2 - 2006

16

0

1

$82

 

100%

 

0%

 

0%

 

0%

 

Q1 - 2006

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q4 - 2005

16

0

1

$20

 

100%

 

0%

 

0%

 

0%

 

Q3 - 2005

16

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

Q2 - 2005

N/A

N/A

0

$0

 

N/A

 

N/A

 

N/A

 

N/A

 

 

 

Trade Payment Experiences

 

Supplier

Date
Reported

High
Credit

Total
Balance

Current

30

60

90

 

Transportation Serv

Dec 2007

$52

 

$52

 

$52

 

$0

 

$0

 

$0

 

 

Services-Advertising

Dec 2007

$212

 

$212

 

$212

 

$0

 

$0

 

$0

 

 

 

Total

 

$264

 

$264

 

$264

 

$0

 

$0

 

$0

 

 

 

# - Indicates Long Term Secured Debit, which is NOT included in the PI and CI calculation.

 

 

Company Background Information

 

 

Other Names or Addresses

Multiple names and/or addresses have been reported for this business. Validations are listed below. Regardless of which address you've chosen to pull this report for, the information is identical.

S & S DIAMOND, 27 QUEEN ST E, TORONTO, ON M5C2M6

S & S DIAMOND, 27 QUEEN ST E, TORONTO, ON M5C2M6

 

 

Composite Index Calculation

 

 

Composite Index Factor Table

The Composite Index for THIS BUSINESS was determined based on the following:

SCORE

1. Active in credit database for 4 years

4

2. Current Payment Index is 0

0

3. Number of supplier references on file is 2

8

4. On Sep 30, 2007 the Payment Index was 0 points higher than Sep 30, 2006

0

5. Number of derogatory items on file in the past 2 years is 0

0

6. The most recent derogatory item was recorded 0 months ago

0

7. Derogatory item amounts as a % of dollars owed suppliers is 0%

0

TOTAL Current Composite Index ->

12

 

Composite Index Risk Indicators

Composite Index

Risk Indicator

Composite Index

Risk Indicator

0-9

Lowest risk

31-40

High risk

10-20

Average risk

41-69

Highest risk

21-30

Above average risk

70

Bankruptcy reported

 

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