MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
C & J DISCOUNT
DIAMONDS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29/04/1996 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Believed to be a
retailer of diamonds and diamond jewelry. |
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: C
& J DISCOUNT DIAMONDS, INC.
Address:
City:
State/Province:
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212-944-7620
Facsimile: 212-944-1620
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: No
Website
Business Activity: The Subject is believed to be a
retailer of diamonds and diamond jewelry.
NOTE TO CLIENT
Please note that the
provided name for the Subject, D A Diamonds Inc. was incorrect. We found a
registered name in the New York Secretary of State registry of the Subject to
be: D & A Diamonds, Inc., a an undisclosed date the name was changed to C & J Discount Diamonds, Inc. DBA: D &
A Diamonds. (Please see Legal Section)
IMPERATIVES
We contacted the
company and spoke to a representative of the Company, Uri (no last name or
title provided) who adamantly declined to provide any information about the company.
Therefore information in this report could not be confirmed by management.
Please note that we
did send a written request to his attention via facsimile. An update will be
provided accordingly should we receive a response at a later time.
The Firm is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
A search of public
revealed no Uniform Commercial Codes, legal actions or bankruptcy petitions.
A comprehensive
Internet search revealed very little information regarding the Subject.
We have reached an
impasse.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 29/04/1996
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal
Form: Unknown
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
Current Entity Name:
C & J DISCOUNT DIAMONDS, INC.
Initial DOS Filing
Date: APRIL 29, 1996
County:
Jurisdiction:
Entity Type:
DOMESTIC BUSINESS CORPORATION
Current Entity
Status: INACTIVE
Selected Entity
Address Information DOS Process (Address to which DOS will mail process if
accepted on behalf of the entity)
EUGENE B. FISCHER,
ESQ.
Registered Agent
NONE
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Registration Status:
When a Secretary of
State reports that a company's corporate status has been "
inactive" it does not necessarily
mean the company is no longer operating.
A " inactive"
corporation can result from the company's delinquency is paying its
franchise tax or submitting its annual report to the Secretary of State. Since the state itself is sometimes slow to
update its records, it may be showing dissolution when in fact the company has
reinstated itself to good standing. In
cases where the corporation is dissolved for a substantial period of time there
is a possibility that the company allowed it in order to operate as a sole
proprietorship. Many small companies in
the
FINANCIAL INFORMATION
No financial details
could be obtained either directly from management or from outside sources.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Business Activity:
The Subject is
believed to be a retailer of diamonds and diamond jewelry.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)