MIRA
INFORM REPORT
|
Report Date : |
02.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WORLD'S GOLD & DIAMONDS
INC |
|
|
|
|
Registered Office : |
7500 Bellaire Boulevard, Suite 900, Houston, Texas 77036 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
01/07/1993 |
|
|
|
|
Legal Form : |
Corporation – Private |
|
|
|
|
Line of Business : |
Wholesaler of diamond and gold 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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : WORLD'S GOLD
& DIAMONDS INC
Trade Name(s) : --
Address :
7500 BELLAIRE BOULEVARD
SUITE 900
City :
HOUSTON
State/Province :
TEXAS
Zip Code : 77036
Country :
UNITED STATES
Telephone : 713
995-7033
Facsimile :
713 995-0756
Legal Form :
Corporation - Private
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 20
Website :
www.lowcostleader.com
Business Activity : The
Company is a wholesaler of diamond and gold jewelry. Products include
necklaces,
rings and bracelets.
NOTE TO CLIENT
Please note the ordered address is incorrect. The correct address is the
above heading address.
Contact person: Ms. Nadea, employee.
Ms. Nadea provided general information for this report. She stated the
owner, Mr. Nasruddin Rupani, is out of the country for one week, and would be
best to answer our questions.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
01/07/1993
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 the state of Texas.
Company Information: WORLD'S
GOLD & DIAMONDS INC
7500 BELLAIRE BLVD STE 900
HOUSTON, TX 77036-5027
Status: IN GOOD STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through May
15, 2007
Registered Agent: NASRUDDIN RUPANI
7500 BELLAIRE BLVD, STE 900
HOUSTON, TX 77036
Registered Agent Resignation Date:
State of Incorporation: TX
File Number: 0127607900
Charter/COA Date: July 1, 1993
Charter/COA Type: Charter
Taxpayer Number: 17426760579
Managers/Key
Personnel
Mr. Nasruddin Rupani
President
Ms. Fraida Rupani
Vice
President
AFFILIATED ENTITIES
There are no affiliated companies or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Ms. Nadea declined to provide the Company's banking information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 00-00 0000000 3700
1300 100 0 0
0 0 CUST 10 YR
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0 0
0 CUST 3 YR
BLDG MATRL 07-01 00-00 CREDIT 25000
0 0 0
0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 7500
3600 100 0 0
0 0
BUS SERVCS 05-01 04-12 NET 30 900
100 0 100 0
0 0
CURRENT QUARTER 36200 4900
100 0 0 0
0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200
0 8 0 4900 100
0 0
0 0
20070100
0 6 0 4800 100
0 0
0 0
20061200
0 6 0 3800 100
0 0
0 0
20061100
0 6 0 2400 100 0
0 0 0
20061000
0 6 0 6100 100
0 0
0 0
20060900
0 5 0 5500 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 0 3700 100 0 0 0
0
Third
2006 0
6400 100 0 0
0 0
Second
2006 0 5000 100 0 0 0
0
First
2006 0 3200 100 0 0 0
0
Fourth
2005 0 2000 100 0 0 0
0
FINANCIAL INFORMATION
Ms. Nadea declined to provide the Company's financials.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
20
Business Activity:
The Company is a wholesaler of diamond and gold jewelry. Products
include necklaces, rings and bracelets.
The heading address is the sole location.
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 a wholesaler of diamond and gold jewelry. Payment history
indicates that the Subject is efficient with its payments. Legal indicate no
negative litigation taken against the Subject. The Company is considered to be
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