MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
A. G.
DIAJEWELS INC. |
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Registered Office : |
17 East 48th Street, Suite 701, New York 10017 |
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Country : |
United
States |
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Date of Incorporation : |
25/01/2002 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Importer and wholesale distributor of diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : A.G.
DIAJEWELS INC.
Address : 17 EAST 48TH
STREET, SUITE 701
City : NEW
YORK
State/Province : NEW YORK
Zip
Code :
10017
Country : UNITED
STATES
Telephone : 212 207-3905
Facsimile : 212
207-4877
Legal
Form :
Corporation - Private
Website :
www.agcolor.com
Maj.
Shareholder : Mr.
Hemant Phophaliya
@rating
Opinion :
Business
Activity : Importer
and wholesale distributor of diamonds.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 5
NOTE TO CLIENT
PERSON
CONTACTED: Mr. Dinesh Mulloth - Office
Manager
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 25/01/2002
State/Province
of Incorporation : NY
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
NEW
YORK SECRETARY OF STATE
Legal
Name : A.G.
DIAJEWELS INC.
Incorporation
Date : JANUARY 25, 2002
Jurisdiction : NEW YORK
Status : ACTIVE
Registered
Agent : NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr.
Hemant Phophaliya
President & Chief Executive
Officer
OWNERS
Mr.
Hemant Phophaliya
100.00% Majority
AFFILIATED ENTITIES
The
Company does not have any subsidiaries or a parent. They have a sister company called A G Color Inc.
BANKS
JPMorgan
Chase Bank
51st
Street
New
York NY
Telephone : 212 307-8717
Facsimile :
Account
Number :
Account
Manager: Ms. Elizabeth Bialy
A
credit reference on the Subject's account could not be obtained without signed
authorization or an account number.
PAYMENT HISTORY
A
significant payment history could not be developed on the Subject as they do
not appear to be a large seeker of local trade credit. Supplier references could not be obtained.
FINANCIAL INFORMATION
Mr.
Mulloth stated that the Company generated a sales figure of approximately
US$1.5 million for the year ended 12/31/2005.
He also stated that their projected sales for the year ended 12/31/2006
is US$2 million. He declined to provide
financial statements, citing Company policy.
Outside sources failed to provide any further insight into the financial
condition of the Firm.
CURRENT OPERATIONS
NAICS
Code :
42194 Jewelry, Watch, Precious Stone
and Precious Metal
SIC
Code : 5094
Number
of Employees : 5
Business Activity
Importer
and wholesale distributor of diamonds.
The
Company imports diamonds from India and Europe. Sales are to jewelry manufacturers and other distributors in the
United States.
The
heading address is the sole location for the Company.
PUBLIC RECORD
A
nationwide search of public and bankruptcy courts shows no Uniform Commercial
Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
A.G.
Diajewels Inc. is engaged as an importer and wholesaler of diamonds. A payment history could not be developed on
the Subject. No derogatory information
was found involving the Firm.
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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