MIRA
INFORM REPORT
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Report Date : |
15th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SARAL DIAMONDS, INC. |
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Registered Office : |
576 5th Ave Suite 404, New York, New York 10036, United States |
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Country : |
United States |
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Date of Incorporation : |
19.06.1989 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesale distributor of loose 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 : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : SARAL DIAMONDS, INC.
Address : 576 5TH AVE SUITE 404
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 768-7106
Facsimile : 212 768-7729
Legal Form : Corporation - Private
Website : www.saraldiamonds.com
Maj. Shareholder : Mr. Ketan Doshi
@rating Opinion :
Business Activity :The Company is a wholesale distributor of loose diamonds.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 5
NOTE TO CLIENT
Contacted person: Mr. Ketan Doshi, President.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 19/06/1989
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in New York under the following
Current Entity Name : SARAL DIAMONDS, INC.
Initial DOS Filing Date : JUNE 19, 1989
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected
Entity Address Information DOS Process
SARAL DIAMONDS, INC.
576 5TH AVE #404, NEW YORK, NEW YORK, 10036
Principal
Executive Office
SARAL DIAMONDS, INC.
576 5TH AVE #404, NEW YORK, NEW YORK, 10036
Registered Agent: NONE
Managers/Key Personnel
Mr. Ketan Doshi President
Ms. Myat Moe Office Manager
OWNERS
Mr. Ketan Doshi % Majority
AFFILIATED ENTITIES
There are no other affiliates at this time.
SUBSIDIARIES
K. Chandrakant & Co.
307, Mehta Bhavan ,
311, Raja Rammohan Roy Road
Bombay 400 004, India
Tel : 91-222-386 7155, 386 0947
Fax : 91-222-387 8764
E-mail : k_chandrakant@hotmail.com
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PRITI GEMS
207 " The Jewel" (Roxy) , 2nd Floor
Mama Parmanand Marg,
Opera House, Mumbai 400 004, India
Tel : 91-222-363 8211, 363 8212
Fax : 91-222-367 5416, Mobile:91-98200 59454
E-mail : browndiamonds@pritigem.com http://www.pritigem.com
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SWADIP GEMS
RAJESH SHAH ,
Hovenierstraat-2,
Suite# 603, 2018, Antwerpen
Belgium
Tel : 323-231-3851, Fax: 323-232-6581
Mobile : 324-757-3738
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BEL STAR JEWELLERY (LLC)
MANOJ SHAH ,
SUITE#132, ZONE IV, THE GOLD CENTRE
Gold Souq, P.O Box:64717
DUBAI, U.A.E
Tel : 9714-2255155, Fax: 9714-2255228
Email : belstar@emirates.net.ae
BANKS
HSBC
New York NY
Telephone: 212 446-4287
Facsimile:
Account Number:
Account Manager:
Policy prohibits the bank from releasing information concerning the bank's commercial customers.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit as such a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Doshi stated that the Firm has sales in the US$ 10-15 million range, however declined all other financial inquiries.
HISTORY
The Company has been in business since 1989.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees: 5
Business Activity
The Company is a wholesale distributor of loose diamonds.
Distribution is throughout the United States. The Firm offers a wide vareity of cuts and styles such as:
Round
Marquise
Princess
Radiant
Emerald
Pear Shaped
Oval
Heart
Cushion
Asscher
The sole location is at the above noted address and it consists of leased space.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Subject appears to be a well established company, operating since 1989. The firm is not a large seeker of local trade credit as a significant payment record could not be developed. The operating history appears to be satisfactory and no adverse information was traced. 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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