MIRA
INFORM REPORT
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Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SANGHAVI DIAMONDS INC. |
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Registered Office : |
550 South Hill Street Suite 1141, Los Angeles, California 90013, United States |
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Country : |
United States |
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Date of Incorporation : |
10.01.1992 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged in several areas of the diamond industry. Manufactures, Imports, Exports, and
Distributes Diamonds. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : SANGHAVI DIAMONDS INC.
Address : 550 SOUTH HILL STREET SUITE 1141
City : LOS ANGELES
State/Province : CALIFORNIA
Zip Code : 90013
Country : UNITED STATES
Telephone : 213 623-1817
Facsimile : 213 623-2819
Legal Form : Corporation - Private
Website : www.sanghaviexports.com
@rating Opinion :
Business Activity : The Subject is engaged in several areas of the diamond industry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 10
NOTE TO CLIENT
Person contacted: Ms. Dimple Tucker, Accountant.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 10/01/1992
State/Province of Incorporation : CA
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
SANGHAVI DIAMONDS, INC.
Number : C1805361
Date Filed : 1/10/1992
Status : active
Jurisdiction : California
Address
550 S HILL ST STE 1141
LOS ANGELES, CA 90013
Agent
for Service of Process
NIRAV SHAH
550 S HILL ST STE 1141
LOS ANGELES, CA 90013
Managers/Key Personnel
MR. NIRAV SHAH President
MS. DIMPLE TUCKER Accountant
AFFILIATED ENTITIES
INDIA
Sanghavi
Exports
502-Prasad Chambers, Opera House,
Mumbai - 400 004, INDIA.
Phone :+91-22-2364 3992 / 4
Fax :+91-22-2363 2936
E-mail : sales@sanghaviexports.com
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Sanghavi
Jewel Pvt. Ltd.
Plot No.- 01, SEEPZ++, SEEPZ,
Andheri (East), Mumbai - 400 096, INDIA.
Phone : +91-22-5648 7000
Fax : +91-22-2829 1956
E-mail : marketing@sanghaviseepz.com
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Sanghavi Diamond Mfg. Pvt. Ltd.
Opp. Prannath Hospital, Ved Road,
Surat - 395 004, INDIA.
Phone : +91-261-251 3891/97
Fax : +91-261-251 3898
E-mail : sales-surat@sanghaviexports.com
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U.S.A.
Sanhgavi Diamonds, Inc.
1212 Avenue of the Americas 11th Fl.
New York, NY 10036
212 764-7841
212 719-4186
nitin@sanghavidiamonds.com
Dynamic
Design Group INC.
1212 Avenue of the Americas,
11th Floor, New York, N.Y.10036. U.S.A.
Phone: +1-212-840 9400
Fax: +1-212-840 7737
E-mail: contact@ddg-ny.com
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HONGKONG
JAPAN SINGAPORE
Sanghavi
Exports
601-2 Trans HK Comms Building,
41-43 Carnarvon Road,
T.S.T. Kowloon, Hong Kong.
Phone : +852-2721 8608
Fax : +852-2723 9704
E-mail : hongkong@sanghaviexports.com
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Sanghavi
Jewellery Tokyo Co. Ltd.
2F Omiya Bldg 5-13-9, Taito-Ku Ueno,
Tokyo, Japan - 110005.
Phone : +81-03-3839 6005 / 6188
Fax : +81-03-3839 2237
E-mail : marketing@sanghavijewellery.com
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Sanghavi
Far East Pte. Ltd.
Raffles City, P.O. Box-0582,
Singapore - 911720.
Phone : +65-6348 3413
Fax : +65-6345 7864
E-mail : uday1970@hotmail.com
BANKS
Bank Leumi
600 Wilshire Blvd # 1500
Los Angeles CA 90017
Telephone : (213) 452-8600
Facsimile :
Account Number:
Account Manager:
Bank reference information was not provided at this time.
PAYMENT HISTORY
The Subject has not established a significant payment history at this time.
Trade references were not provided.
FINANCIAL INFORMATION
Ms. Tucker stated that sales of the Company are in the $15 - $16 million range for 2006. She agreed to provide financial details if this is agreable to the president, however we have not receive this information as of this writing.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees: 10
Business Activity
The Subject is engaged in several areas of the diamond industry.
The Company manufactures, imports, exports, and distributes diamonds. Sales are at the wholesale level throughout North America.
There are no branch locations at this time.
PUBLIC RECORD
We found no evidence of bankruptcy filed in the Subject's name.
Debtors : SANGHAVI DIAMONDS, INC. [BUSINESS]
550 SOUTH HILL STREET SUITE 1141, LOS ANGELES, CA 90013
Filing Date : 11/08/2001
Filing Number : 0131260884
History : Date Time Number Type
06/19/2006 02:06 PM 0670744558 CONTINUATION
Secured Party : BANK LEUMI USA [BUSINESS]
8383 WILSHIRE BOULEVARD SUITE 400, BEVERLY HILLS, CA 90211
Status : UNLAPSED
Type : FINANCING STATEMENT
GENERAL COMMENTS
The Subject was incorporated in 1992.. They have not established a payment history at this time, the operating record is clear. No derogatory information was reported or noted. The Company is considered responsible for normal business transactions.
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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