MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SMILE
DIAMONDS INC. |
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Registered Office : |
38
West 48th Street, Suite 1001, New York 10036 |
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Country : |
United
States |
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Date of Incorporation : |
18/06/2002 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Importer
and wholesaler of 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 : SMILE DIAMONDS INC.
Address : 38 WEST 48TH STREET
SUITE 1001
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 764-4799
Facsimile : 212 764-4899
Legal
Form : Corporation -
Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 3
Website : N/A
Business
Activity : Smile Diamonds, Inc.
is an importer and wholesaler of diamonds.
NOTE TO CLIENT
The Company was contacted and it was stated
by Mr. Shah, Father to Meghna Shah that
the only person authorized to provide any information on
the Company is Meghna Shah who was out of the office and not expected to return
until the week of January 22, 2007. Mr. Shah, Sr. declined to provide any
information on the Subject. Therefore the information in the report could not
be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
18/06/2002
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
Current
Entity Name: SMILE DIAMONDS, INC.
Initial
DOS Filing Date: JUNE 18, 2002
County: QUEENS
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)
SMILE
DIAMONDS, INC.
38 WEST
48TH ST #1001
NEW
YORK, NEW YORK, 10036
Principal
Executive Office
SMILE
DIAMONDS, INC.
38 WEST
48TH ST #1001
NEW
YORK, NEW YORK, 10036
Registered
Agent
NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key
Personnel
Mr.
Meghna M. Shah Chief
Executive Officer
AFFILIATED ENTITIES
Affiliated
companies, if any, could not be obtained from management.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Mr. Shah,
Sr. declined to provide the name of the primary bank. A search of outside
sources consulted failed to add any insight.
PAYMENT HISTORY
The
Subject is not a seeker of local trade credit and as such a payment record
could not be developed.
FINANCIAL INFORMATION
As Mr.
Meghna Shah was out of the office, detailed general and financial details were
declined by his father. A written inquiry was faxed to Mr. Shah's attention and
if he responds the report will be amended. Outside sources failed to add any
insight into the financial condition of the Firm.
CURRENT OPERATIONS
NAICS
Code: 42 Wholesale Trade
Number
of Employees: 3
Business Activity:
Smile
Diamonds, Inc. is an importer and wholesaler of diamonds. The above address is reported to be the
headquarters. There are no known branches as far as can be determined.
TRADE REFERENCES
Supplier
references could not be obtained.
PUBLIC RECORD
A
nationwide search of the Secretaries of State's Office revealed no Uniform
Commercial Codes, legal actions or bankruptcy petitions filed under the name
Smile Diamonds, Inc.
GENERAL COMMENTS
The
Company was incorporated in 2002, engaged as a diamond wholesaler. The Firm is
not a seeker of local trade credit and as such a significant payment record
could not be developed. Nothing of a derogatory nature was reported or noted
against the Company.
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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