MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ACCUDIAM
INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18/02/1999 |
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Legal Form : |
Provincially
Chartered Corporation – Private |
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Line of Business : |
Import
and distribution of loose 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 : |
Fair |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name : ACCUDIAM INC.
Address :
City :
State/Province :
Zip Code : M5C 1R6
Country :
Telephone : 416 367-0070
Facsimile : 416 367-0071
Legal
Form : Provincially
Chartered Corporation - Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 6
Website : No website available.
Business
Activity : The Subject is
engaged in the import and distribution of loose diamonds.
NOTE TO CLIENT
The
Subject was contacted on January 16, 2007. Ms. Judith Saavedra, Vice President,
confirmed all information in this report.
LEGAL
Legal
Form : Provincially
Chartered Corporation – Private
Since
(D/M/Y) : 18/02/1999
State/Province
of Incorporation : ON
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Company is Provincially Chartered in
Corporation
#: 001331146
Status:
Active
Jurisdiction:
Date of
Incorporation: 2/18/1999
Managers/Key
Personnel
Mr. Ajay
Jariwala President
Ms.
Judith Saavedra Vice
President
AFFILIATED ENTITIES
Management
stated there are no affiliated companies.
BANKS
ON
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Management
declined to provide us with Company's bank or any banking details thus a
reference could not be obtained.
PAYMENT HISTORY
No
payment history has been developed for the Subject, seeing as though they are
not a seeker of local trade credit.
FINANCIAL INFORMATION
Management
would not disclose any financial information when contacted citing
confidentiality.
As a
privately held company, the Subject is not required to file financial
statements for public review.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code: 5094
Number
of Employees: 6
Business
Activity:
The
Subject is engaged in the import and distribution of loose diamonds.
The
Subject imports all diamonds from
The
heading address is the Subject's sole location.
TRADE REFERENCES
All
significant suppliers are located overseas, per our policy; we do not contact
references overseas.
PUBLIC RECORD
We have
found no record of lawsuits, collection claims, judgments or returned checks
thus far. A search with the
Superintendent of Bankruptcy for all the Districts and Divisions in
GENERAL COMMENTS
ACCUDIAM
INC. is engaged in the import and distribution of loose diamonds. Management
provided operating details but declined to provide financial information. At
this time no payment history or derogatory filings have been traced to 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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