MIRA
INFORM REPORT
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Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
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Name : |
VICTORY DIAMONDS,
INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22/04/2004 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Wholesaler of
jewelry, specializing in 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: VICTORY
DIAMONDS, INC.
Address:
SUITE NO. 894
City: LOS
ANGELES
State/Province:
Zip Code: 90013
Country: UNITED
STATES
Telephone: 213
689-3155
Facsimile: 213
689-1599
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The company is engaged as a wholesaler
of jewelry, specializing in diamonds.
NOTE TO CLIENT
Person Contacted:
Secretary
The secretary stated
that the only person authorized to provide any information on the Company was
unavailable for 10 days, but accepted a written inquiry. If a response is
received the report will be amended immediately.
All information in
the report was obtained through outside sources and could not be confirmed by
management.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 22/04/2004
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Registration for
Corporation: VICTORY DIAMONDS, INC.
Number: C2637800
Date Filed: 4/22/2004
Status: active
Jurisdiction:
-----
Address
LOS
Agent for Service of Process
NITIN B PARIKH
LOS
Managers/Key
Personnel
Mr. NITIN B
PARIKH President
AFFILIATED ENTITIES
No affiliates or
subsidiaries were found during the research or substantiated by management.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
No primary bank was
discovered in the research process.
PAYMENT HISTORY
The company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
No financial
information could be obtained either directly from management or from outside
sources consulted.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Business Activity:
The company is
engaged as a wholesaler of jewelry, specializing in diamonds.
This appears to be
the sole facility for this company.
TRADE REFERENCES
Supplier references
have been requested.
PUBLIC RECORD
A search of public
revealed no Uniform Commercial Codes, legal actions or bankruptcy petitions.
GENERAL COMMENTS
The company was
incorporated in 2004. They wholesaler of diamond jewelry. A significant payment
record could not be developed and nothing of a negative nature was reported or
noted.
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%)