MIRA
INFORM REPORT
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Report Date : |
23.06.2007 |
IDENTIFICATION DETAILS
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Name : |
B.K. DIAMONDS MANUFACTURING & TRADING INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02/03/1998 |
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Legal Form : |
Private |
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Line of Business : |
Importer and Wholesaler of Jewelry and Precious Stones |
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 : B.K. DIAMONDS
MANUFACTURING & TRADING INC.
Address :
City :
State/Province :
Zip Code :
V6B 1LB
Country :
Telephone : 604
689-2080
Facsimile :
604 689-2086
Legal Form :
Provincially Chartered Corporation - Private
Website :
www.bkdiamonds.com
Business Activity : The
Firm is an importer and wholesaler of jewelry and precious stones.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 5
NOTE TO CLIENT
Person Contacted: Mr. Barry Katzen, President.
NOTE: The provided name; B K DIAMONDS is incomplete. The Firm's complete
name is B.K. DIAMONDS MANUFACTURING
& TRADING INC.
LEGAL
Legal Form :
Provincially Chartered Corporation – Private
Since (D/M/Y) :
02/03/1998
Status :
ACTIVE
Previous Legal Form : --
Company is NOT required to publish an annual financial report.
The Firm is registered in
Name : B.K. DIAMONDS MANUFACTURING & TRADING INC.
Date : 03/02/1998
Corp Id : BC0560522
Type : CORPORATION
Status : ACTIVE
Jurisdiction :
Managers/Key
Personnel
Mr. Barry Katzen, President
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
BANKS
SCOTIA BANK
BC
Telephone:
Facsimile:
Account Number:
Account Manager:
No contace information was provided by the Firm. Also authorization for
a bank reference was also declined.
PAYMENT HISTORY
Supplier's Name/Industry Terms Amount/Pay Habits/Comments
Rptd
Open Credit Credit
High Total
Current Past Due/Pay Period
Date
Date Limit Limit Dt. Credit Owing
$ 1st 2nd
3rd
------------------------------------------------------------------------------
CITI COMMERCE SOLUTI: 800-233-8619 DLA-2006/09/26 115, Net 30
Days #
*Jun Apr/2004 750 376 237
237 0 0
0
------- -------
------- ------- ------- -------
P.I. =
0 90 Days 376
237 237 0
0 0
Reported ------- ------- ------- ------- -------
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DE LAGE LANDEN FIN: 905-465-3160
*Dec 0 3,121 83
83 0 0
0
------- -------
------- ------- ------- -------
P.I. =
0 Total 3,497
320 320 0
0 0
Reported ------- ------- ------- ------- -------
-------
PAYMENT TRENDS
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Payment C.I.
Number of Total Current Overdue
Quarters
Index Score Suppliers
Owing $ 1st 2nd
3rd
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1 Qtr/2007
NA 14 0 0 0 0
0 0
4 Qtr/2006
0 14 2
83 83 0
0 0
3 Qtr/2006
0 14 1
153 153 0
0 0
2 Qtr/2006
0 14 2
83 83 0
0 0
1 Qtr/2006
0 14 1
184 184 0
0 0
4 Qtr/2005
0 14 1
311 311 0
0 0
3 Qtr/2005
0 14 1
149 149 0
0 0
2 Qtr/2005
0 14 1
484 484 0
0 0
1 Qtr/2005
0 14 1
217 217 0
0 0
FINANCIAL INFORMATION
Mr. Katzen declined to provide financial statements, however stated that the Firm has sales in the CAD$ 1-5 million range.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees
5
Business Activity
The Firm is an importer and wholesaler of jewelry and precious stones.
The Firm deals exlusively with loose diamonds and diamond jewelry, THe Firm offers all cuts and grade of diamonds. The Firm also provides jewelry such as:
rings, pendants, earrings, necklaces and watches.
The ehading addressis the Firm's sole location and consists of 2,000 square feet of leased office, storage and retail space.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established importer and wholesaler of jewelry and precious stones. The payment record is satisfactory. No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm. The Firm is considered responsible for normal trade relations.
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%)