MIRA INFORM REPORT
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Report
Date : |
23rd February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DIA-CENTRE INC |
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Registered
Office : |
22 West 48th Street
Suite 704, New York, 10036 , United States |
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Country |
United States |
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Date
of Incorporation : |
1992 |
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Legal
Form : |
Corporation -
Private |
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Line
of Business : |
Importers and
wholesalers of loose diamonds and jewelry |
RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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
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Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation
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Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company
Name: DIA-CENTRE INC.
Address: 22
WEST 48TH STREET SUITE 704
City: NEW YORK
State/Province: NEW
YORK
Zip
Code: 10036
Country: UNITED
STATES
Telephone: 212-354-0393
Facsimile: 212-730-0858
Legal
Form: Corporation - Private
Website: www.diacentre.com
Maj.
Shareholder: Mr. Vinat Kothari
Founded
(D/M/Y): / /1992
In
KUSD As of: 31/12/2005
Sales
/ Revenue: 7,000
Net
Income:
Total
Equity:
Number
of Employees: 9
Business
Activity:
The
Company is an importer and wholesaler of loose diamonds and jewelry.
NOTE
TO CLIENT
NOTE::
LEGAL NAME: DIA-CENTRE INC.
ORDERED
NAME: DIA CENTRE INC.
Person
Contacted: Mr. Krishna Vadawala, Office Manager. Mr. Vadawala verified and
updated the information presented to him.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 28/01/1992
State/Province
of Incorporation : NY
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company incorporated in New York under the following registration:
Current
Entity Name : DIA-CENTRE
INC.
Initial
DOS Filing Date : JANUARY 28,
1992
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type :
DOMESTIC BUSINESS CORPORATION
Current
Entity Status : ACTIVE
Selected
Entity Address Information DOS Process (Address to which DOS will mail process
if accepted on behalf of the entity)
DIA-CENTRE
INC.
22
WEST 48TH STREET
SUITE
704
NEW
YORK, NEW YORK, 10036-1803
Chairman
or Chief Executive Officer
VINAY
KOTHARI
22
WEST 48TH STREET
SUITE
704
NEW
YORK, NEW YORK, 10036-1803
Principal
Executive Office
DIA-CENTRE
INC.
22
WEST 48TH STREET
SUITE
704
NEW
YORK, NEW YORK, 10036-1803
Registered
Agent: NONE
Managers/Key
Personnel
Mr.
Vinat Kothari President
Mr.
Krishna Vadawala Office Manager
OWNERS
Mr.
Vinat Kothari 100.00% Majority
The
Company has no subsidiaries or affiliates.
BANKS
Bank
of America
New
York NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Mr.
Vadawala declined to provide an account number for this bank.
PAYMENT
HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS 06-02 06-02 UNK
1900 1900 100 0
0 0 0 CUST 14 YR
OFFC SUPPL 06-02 05-09 CREDIT 1000
0 0 0
0 0 0
BUS SERVCS 04-09 04-08 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 03-07 03-07 NET 30 100
0 0
0 0 0 0 CUST
1 YR
GENERAL 04-05 96-04 NET 30
0 0 0
0 0 0 0 CUST 11 YR
PACKAGING 05-05 00-00 NET 30 0 0 0 0 0
0 0 CUST 3 YR
CURRENT QUARTER 2900 1900 100 0 0
0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20060400 0 5 0 1900 100
0 0
0 0
20060300 0 5 0 1900 100 0 0
0 0
20060200 0 5 0 0 0 0
0 0 0
20060100 0 5 0 0 0 0
0 0 0
20051200 0 5 0 0 0 0
0 0 0
20051100 0 4 0 0 0 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0 0
0 0
Third
2005 0 0 0 0 0
0 0
Second
2005 0 0 0 0 0
0 0
First
2005 0 200 100 0 0 0
0
FINANCIAL
INFORMATION
FINANCIAL
FIGURES
Year-End
(D/M/Y): 31/12/2005 31/12/2004 31/12/2004
Consolidated Consolidated
Sales
/ Revenues
7,000
6,000 -
Mr.
Vadawala declined to provide financial statement information for this report,
citing company policy, however, he did provide a net sales figure for 2005 of
US$7 Million and for 2004 of US$6 Million.
He
also projected 15% net sales growth for 2006.
CURRENT
OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code: 5094
Number
of Employees: 9
Business
Activity:
The
Company is an importer and wholesaler of loose diamonds and jewelry.
The
Subject also wholesales its own line of jewelry under the name Kathavia
Collection.
Kathavia
Collection is manufactured through a third party.
The
Company imports primarily from India and Hong Kong. Distribution is domestic. The heading address is the sole
location for the Subject. The facility
consists of leased office space.
PUBLIC
RECORD
A
search of public revealed no derogatory information, Uniform
Commercial
Codes, or bankruptcy petitions.
GENERAL
COMMENTS
The
Subject, founded in New York in 1992, is engaged as an importer and wholesaler
of loose diamonds and jewelry. The
payment record is generally satisfactory and the operating history is
clear. No derogatory information or
bankruptcy petitions were reported or noted.
The Company is responsible for normal business transactions.
RATING EXPLANATIONS
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 |