MIRA
INFORM REPORT
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Report Date : |
3rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DIAMOND SOURCE INC. |
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Registered Office : |
550 South Hill Street Suite 1125, Los Angeles, California 90013, United States |
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Country : |
United States |
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Date of Incorporation : |
22.07.1994 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of fine jewellery. |
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 : DIAMOND SOURCE INC.
Address : 550 SOUTH HILL STREET SUITE 1125
City : LOS ANGELES
State/Province : CALIFORNIA
Zip Code : 90013
Country : UNITED STATES
Telephone : 213 891-9110
Facsimile : 213 891-1075
Legal Form : Corporation - Private
Website : N/A
@rating Opinion :
Business Activity : It is believed that the Subject is engaged as a wholesaler of fine jewellery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Rajul Shah, President.
Mr. Shah declined to provide any information, therefore the detials in this report could not be confirmed.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 22/07/1994
State/Province of Incorporation : CA
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Firm is incorporated in California under the following registration:
Corporation Name : DIAMOND SOURCE INC.
Number : C1748014
Date Filed : 7/22/1994
Status : Active
Jurisdiction : California
Address : 550 S HILL ST #1125, LOS ANGELES, CA 90014
Agent for Service of Process:
RAJUL SHAH
509 S LINCOLN AVE #8
GLENDALE, CA 91205
Managers/Key Personnel
Mr. Rajul Shah President
AFFILIATED ENTITIES
Affiliated and subsidiary companies, if any, could not be learned from management or outside sources.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Firm's primary bank and outside sources provided no additional information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-01 00-00 NET 30 0
0 0 0
0 0 0 CUST 4 YR
MANUFCTRNG 06-10 00-00 NET 30 300
100 100 0 0
0 0
PLUMBING
06-09 05-07 NET30 0 0 0 0 0
0 0 CUST 6 YR
UTILITY
06-12 06-12 NET 15 1300 600
100 0 0 0
0 SATSFTRY
WAREHOUSE
06-12 00-00 VARIED 0 0 0 0 0
0 0 CUST 2 YR
DP SERVCS
06-01 05-10 UNK 0 0 0 0 0
0 0 CUST 6 YR
FINCL SVCS 04-03 04-03 CONTRCT 33800 0
0 0 0 0 0
ACCTCLOSED
PACKAGING
06-01 04-11 NET 30 1300 100
100 0 0 0
0
CURRENT QUARTER 1600
700 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070100
0 6 0 800 100
0 0
0 0
20061200
0 6 0 800 100 0
0 0 0
20061100
0 6 0 900 100
0 0
0 0
20061000
0 6 0 1000 100
0 0
0 0
20060900
0 5 0 1000 100
0 0
0 0
20060800
0 8 0
1000 100 0 0
0 0
Payment History - Quarterly
Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
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-------- --- --- --- --- ---
Fourth
2006 0 800 100 0 0 0
0
Third
2006 0 900 100 0 0 0
0
Second
2006 0 600 100 0 0 0
0
First
2006 0 700 100 0 0 0
0
Fourth
2005 0 700 100 0 0 0
0
FINANCIAL INFORMATION
Mr. Shah declined to provide financial statements or annual sales, therefore the Firm's condition could not be evaluated. A written inquiry was sent via fax, if he responds the report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
It is believed that the Subject is engaged as a wholesaler of fine jewellery.
The provided address is believed to be the Firm's sole location.
TRADE REFERENCES
Supplier references could not be obtained from management.
PUBLIC RECORD
No public were traced to the Firm in the State of California.
GENERAL COMMENTS
The Firm incorporated in 1994 and is engaged as a wholesaler of fine jewelry.
Nothing of a negative nature was found in public records. The payment record is satisfactory. The Firm is considered responsible for normal trade relations.
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/normal. |
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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