MIRA INFORM REPORT

 

 

Report Date :

1st March, 2007

                                                         

IDENTIFICATION DETAILS

 

Name :

A V DIAMONDS INC

 

 

Registered Office :

7500 Bellaire Boulevard, #404, Houston, Texas, 77036, United States

 

 

Country :

United States

 

 

Date of Incorporation :

26.03.1999

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Engaged as a manufacturer and wholesaler of diamond and precious stone jewelry.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name : A V DIAMONDS INC

Trade Name(s)               : The Price Point Lead

Address                        : 7500 BELLAIRE BOULEVARD, #404

City                              : HOUSTON

State/Province               : TEXAS                                

Zip Code                       : 77036                       

Country                         : UNITED STATES               

Telephone                     : 713 271-4653                

Facsimile                      : 713 271-6739

Legal Form                    : Corporation - Private

Website                        : www.pricepointleader.com

@rating Opinion :

Business Activity           : A V Diamonds Inc., is engaged as a manufacturer and wholesaler of diamond and

                                      precious stone jewelry.

As of                             :

Sales / Revenue :

Net Income                    :

Total Equity                   :

 

 

NOTE TO CLIENT

 

Contact Person:    Ms. Nicha

Position:          Receptionist

 

Ms. Nicha requested a written request in order to forward it to the president who is currently out of town. She declined to provide any general and financial information, also the president's name.  If a response is received the report will be amended. The information in the report was obtained from outside sources and not confirmed with

management at this time.Special Note:  The website is currently under construction.

 

 

LEGAL

 

Legal Form                                : Corporation - Private                    

Since (D/M/Y)                            : 26/03/1999

State/Province of Incorporation    : TX

Status                                       : ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

The Company is incorporated in Texas under the following registration:

 

Company Information                  : A V DIAMONDS INC

  7500 BELLAIRE BLVD STE 333, HOUSTON, TX 77036-5071

Status                                       : IN GOOD STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through

                                                  May15, 2007

Registered Agent                       : VINAY KOTAK

  10106 KLECKLEY, HOUSTON, TX 77089

State of Incorporation                 : TX

File Number                               : 0152941300

Charter/COA Date                      : March 26, 1999

Charter/COA Type                      : Charter

Taxpayer Number                       : 17606007080

 

 

Managers/Key Personnel

 

Mr. Vinay Kotak                        President

Mr. Aziz Malik                           Vice President

 

 

AFFILIATED ENTITIES

 

Outside sources failed to add any insight on affiliated businesses or Companies.

 

 

BANKS

 

TX

Telephone:

Facsimile:

Account Number:

Account Manager:

The name of the primary bank could not be obtained from management.

WALLIS STATE BANK was mentioned as a secured party for financing.

 

 

PAYMENT HISTORY

 

 BUSINESS   DATE  LAST  PAYMENT CREDIT   BALANCE  CUR 1-  31- 61-

 CATEGORY   REPTD SALE  TERMS      $        $      %  30  60  90  91+ COMMENTS

 ---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------

 AIR TRANS  06-11 00-00 NET 30  100      100      0   0   0   0   100 COLLECTION

 BUS SERVCS 04-09 04-08 NET 30  0        0        0   0   0   0   0

 

 FINCL SVCS 05-08 05-05 CONTRCT 0        0        0   0   0   0   0   SATSFTRY

 PACKAGING  05-09 00-00 NET 30  0        0        0   0   0   0   0   CUST  3 YR

 CURRENT QUARTER                100      100      0   0   0   0   100

 

 

FINANCIAL INFORMATION

 

Ms. Nicha deferred all financial information.  In addition, outside sources failed to reveal any financial detail.

 

 

CURRENT OPERATIONS

 

NAICS Code:   42194     Jewelry, Watch, Precious Stone and Precious Metal

SIC Code:     5094

 

 

Business Activity

 

A V Diamonds Inc., is engaged as a manufacturer and wholesaler of diamond and precious stone jewelry.

 

Outside sources failed to additional information on other branch location.  The above address is the only known operating facility for the firm.

 

 

PUBLIC RECORD

 

FILING INFORMATION

Filing Number                :  40052809119

Filing Date                     :  01/02/2004

Expiration Date              :  01/01/2009

Filing Type                    :  ORIGINAL

 

Filing Office                   :  SECRETARY OF STATE/UCC DIVISION

  1019 BRAZOS 5TH FL, AUSTIN, TX 78701

 

DEBTOR INFORMATION

Debtor(s)           :  A V DIAMONDS INC

  7500 BELLAIRE BLVD SUITE 333, HOUSTON, TX 77036

 

SECURED PARTY OR CREDITOR INFORMATION

Secured Party(s):  WALLIS STATE BANK

P O BOX 339

WALLIS, TX 77485

==

No bankruptcy petitions were reported or noted.

 

 

GENERAL COMMENTS

 

A V Diamonds Inc., is reported to be engaged as a jewelry wholesaler.  The payment history reflects one collection issue, however this could be a disputed invoice. Nothing of a negative nature was reported or noted. The Firm is considered responsible for normal business transactions.

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions