MIRA
INFORM REPORT
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Report Date : |
20.06.2006 |
IDENTIFICATION DETAILS
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Name : |
VENUS DIAMOND, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12/07/2002 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Wholesale distribution 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 : |
No
Complaints |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : VENUS DIAMOND, INC.
Address :
City : LOS ANGELES
State/Province :
Zip Code : 90014
Country : UNITED STATES
Telephone : 213 623-5215
Facsimile : 213 623-5216
Legal Form : Corporation - Private
In KUSD As of : 31/12/2005
Sales / Revenue : 4,000
Net Income :
Total Equity :
Number of Employees : 1
Website : no website available
Maj. Shareholder : Mr. Janak Shah
Business Activity : The Company engages in the wholesale distribution of diamonds. It targets the
jewelry industry in the
NOTE TO CLIENT
PERSON CONTACTED:
Mr. Janak Shah, President.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 12/07/2002
State/Province of Incorporation :
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity Name : VENUS DIAMOND, INC.
Entity Type : Corporation
Registered Number : C2442759
Date Filed : 7/12/2002
Status : Active
Jurisdiction :
Registered Address : 608 S HILL ST #1202
LOS
Registered Agent : JANAK SHAH
LOS
Managers/Key
Personnel
Mr. Janak Shah President
OWNERS
Mr. Janak Shah % Majority
AFFILIATED ENTITIES
There are no affiliated companies or subsidiaries.
BANKS
BANK OF
Telephone:
Facsimile:
Account Number:
Account Manager:
The bank listed above is the primary bank of use for the Subject.
An account reference or signed authorization was declined by management, and as a result, detailed account information would not be released from the Subject's financial institution.
PAYMENT HISTORY
A payment record was not available for review at this time.
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End (D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales / Revenues 4,000 - -
The Subject reports annual sales for the fiscal year 2005 in the US $4 million range. It projects that annual sales for the fiscal year 2006 will close in the US $3-$4.5 million range.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Number of Employees: 1
Business
Activity:
The Company engages in the wholesale
distribution of diamonds. It targets the jewelry industry in the
The heading address is the Company headquarters and sole location and serves as an administrative office. The property is leased by the Company.
TRADE REFERENCES
The Subject lists the following companies as trade references. Each company has been contacted. It
often takes a few days before any responses are received.
All additional information that is received will be forwarded at that time.
COMPANY: F.N.R. Diamonds
LOCATION:
TELEPHONE: 213 422-4163
CONTACT: Vipul
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COMPANY: Radiant Star Jewels
LOCATION:
TELEPHONE: 213 327-0057
CONTACT: Rajil (cellphone: 213 675-5779)
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COMPANY: Alpesh Diamonds Inc
LOCATION:
TELEPHONE: 213 629-1091
CONTACT: Jae Suk
PUBLIC RECORD
A search of public failed to reveal any Uniform Commercial Codes, tax liens, legal actions, or bankruptcy petitions at this time.
GENERAL COMMENTS
Venus Diamond, Inc., incorporated in 2002
in the state of
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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