MIRA
INFORM REPORT
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Report Date : |
29th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ERTH DIAMONDS, INC. |
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Registered Office : |
590 5th Avenue 9th Floor, New York, New York 10036 , United States |
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Country : |
United States |
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Date of Incorporation : |
13/04/1993 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged
as a importer of diamonds, wholesaler and
manufacturer of jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name : ERTH DIAMONDS, INC.
Address : 590 5TH AVENUE 9TH FLOOR
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 888-9393
Facsimile : 212 888-0055
Legal Form : Corporation - Private
Website : N/A
@rating Opinion :
Business Activity : The Firm is believed to be engaged as an importer of diamonds, wholesaler
and manufacturer of jewelry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Ms. Vaishali Shah, position declined
Ms. Shah declined to provide information over the phone and requested a written inquiry. If it is returned, any new information will be immediately forwarded.
Legal
Legal Form : Corporation - Private
Since (D/M/Y) : 13/04/1993
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Selected Entity Name: ERTH DIAMONDS, INC.
Selected Entity Status Information
Current Entity Name : ERTH DIAMONDS, INC.
Initial DOS Filing Date : APRIL 13, 1993
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)
ERTH DIAMONDS, INC.
590 FIFTH AVENUE, 9TH FLOOR
NEW YORK, NEW YORK, 10036-470
Principal
Executive Office
ERTH DIAMONDS, INC.
589 FIFTH AVE
SUITE #1004
NEW YORK, NEW YORK, 10017 Registered Agent NONE
Managers/Key Personnel
Mr. Natwar Shah President
AFFILIATED ENTITIES
Shah Diamonds, Inc. is located at the same address and is also owned by Mr. Natwar Shah. There are no known subsidiaries or divisions.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The primary bank of the Firm could not be obtained.learned.
BANK LEUMI TRUST COMPANY OF NEW YORK is mentioned as a secured party for financing.
PAYMENT HISTORY
The Firm is not a major seeker of local trade credit as no payment record could be developed.
FINANCIAL INFORMATION
A written inquiry was sent to the Firm. If it is returned any new information will be immediately forwarded. Outside sources failed to add any insight into the condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 33991 Jewelry and Silverware Manufacturing
NAICS Code: 42 Wholesale Trade
Business Activity
The Firm is believed to be engaged as an importer of diamonds, wholesaler and manufacturer of jewelry.
The above location is believed to be the headquarters and sole location of the Firm.
TRADE REFERENCES
Supplier references could not be obtained.
PUBLIC RECORD
Name Searched : ERTH DIAMONDS
Debtor Address : ERTH DIAMONDS, INC.
590 FIFTH AVENUE, NEW YORK, NY 10036
VENUS DIAMONDS, INC.
589 FIFTH AVENUE, NEW YORK, NY 10017
Secured Parties : BANK LEUMI TRUST COMPANY OF NEW YORK Filing Date: 9/23/2005 Filing Number : 0509235842033 Filing Type: AMENDMENT Original Filing Number: 95211155
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Name Searched : ERTH DIAMONDS
Amount : $ 1,789.38
Creditor : NY STATE DEP'T OF TAXATION AND FINANCE
80-02 KEW GARDENS ROAD, KEW GARDENS NY 11415
Debtors : ERTH DIAMONDS, INC.
590 5TH AVE 9TH FL, NEW YORK NY 10036-4702
Docket Date : 02/07/2006
Docket Type : NY STATE TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31002096228
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There was no record of bankruptcy petitions or legal actions involving the Firm.
GENERAL COMMENTS
Incorporated in New York in 1993, Erth Diamonds, Inc. is engaged as an importer and wholesaler of diamonds. We were unable to conduct an informative management interview and outside sources were unable to add any insight into the condition of the Firm. No payment record could be developed and there is a tax lien against the Firm. The status is uncertain as no further information is currently available at this time.
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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