MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
VAISHALI DIAMOND CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13/08/1986 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as a diamond jewelry wholesaler. |
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 : VAISHALI DIAMOND
CORPORATION
Address :
City :
State/Province :
Zip Code :
10017
Country :
UNITED STATES
Telephone : 212
308-6033
Facsimile :
212 308-6185
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 10
Legal Form :
Corporation - Private
Website : No
website
Business Activity : The
Company is engaged as a diamond jewelry wholesaler.
NOTE TO CLIENT
Contact person: Ms. Priti Dave, Controller.
Ms. Dave provided the information for this report.
LEGAL
Legal Form :
Corporation – Private
Since (D/M/Y) :
13/08/1986
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of
Selected Entity Name: VAISHALI DIAMOND CORPORATION
Initial DOS Filing Date: AUGUST 13, 1986
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
ROBERT E. SLATUS, ESQ
Managers/Key
Personnel
Mr. Rajesh Sheh
President
Ms. Priti Dave
Controller
AFFILIATED ENTITIES
The Company has no affiliated companies or subsidiaries.
BANKS
KBC Bank
NY
Telephone: 212 333-5305
Facsimile: 212 333-5290
Account Number:
Account Manager: Mark Weiss
We have sent a fax to the bank. The report will be updated when we have
a response.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0
0 0 CUST
4 YR
BUS SERVCS 07-03 00-00 NET 30 100
0 0 0
0 0 0
COMPUTERS
07-01 04-05 CREDIT 5000 0
0 0 0
0 0
AIR TRANS
06-07 06-06 0000000 700
700 100 0 0
0 0 CUST 20 YR
CELLUL/PAG 05-05 05-04 NET 30 100
0 0 0
0 0 0 CUST
3 YR
CURRENT QUARTER 5200 0
0 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070300
0 9 0 100 100 0
0 0 0
20070200
0 9 0 100 100 0
0 0 0
20070100
0 5 0 100 100 0
0 0 0
20061200
0 5 0 100 100 0
0 0 0
20061100
0 5 0 100 100 0
0 0 0
20061000
0 5 0 100 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 0 100 100 0
0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 0 0
0 0 0 0
First
2006 0 0 0
0 0 0 0
Fourth
2005 0 0 0
0 0 0 0
FINANCIAL INFORMATION
Ms. Dave declined to provide any financial information.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
10
Business Activity:
The Company is engaged as a diamond jewelry wholesaler.
The Subject primarily distributes diamond jewelry to retailers and other
diamond distributors.
The heading address is the sole location for the Company.
PUBLIC RECORD
No derogatory legal action was filed against the Subject nor were there
any Uniform Commercial Codes that were filed by the Subject.
A search of bankruptcy courts revealed no record of the Subject filing
for bankruptcy.
GENERAL COMMENTS
The Company is engaged as a diamond jewelry wholesaler. Payment history
is limited. Legal indicate no negative litigation taken against the Subject.
The Company is considered to be responsible for normal business transactions.
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%)