MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ALMA
DIAMOND INCORPORATED |
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Registered Office : |
579
5th Avenue, Suite 600, New York,
10017, United States |
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Country : |
United
States |
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Date of Incorporation : |
20/08/1976 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesalers
of various colors, shapes and sizes of diamonds |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name: ALMA DIAMOND INCORPORATED
Address: 579
5TH AVENUE
SUITE 600
City: NEW YORK
State/Province: NEW
YORK
Zip
Code: 10017
Country: UNITED
STATES
Telephone: 212
575-8036
Facsimile: 212
764-5054
Legal Form: Corporation
- Private
Website: www.almadiamonds.com
@rating
Opinion:
As of:
Sales /
Revenue:
Net
Income:
Total
Equity:
Business
Activity:
Wholesaler
of various colors, shapes and sizes of diamonds.
NOTE TO CLIENT
REQUESTED
ADDRESS: The address requested, 575 5th
Avenue, is not correct. The correct
street address for the Subject is 579 5th Avenue.
PERSON
CONTACTED: Mr. Arun Kothari - President
Mr.
Kothari declined to provide any information on the Subject over the phone,
citing Company policy. He accepted a
fax of a written request for the information, but as of this writing we have
not received a response. Therefore, the
information in this report could not be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 20/08/1976
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
NEW YORK
SECRETARY OF STATE
Legal
Name: ALMA DIAMOND INCORPORATED
Incorporation
Date: AUGUST 20, 1976
Jurisdiction:
NEW YORK
Status:
ACTIVE
Registered
Agent: NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Arun
Kothari President
Mr. Deepesh
Singhvi Manager
AFFILIATED ENTITIES
The
Company has the following subsidiaries:
Su-Raj
Diamonds (India) Limited
Koradiam
N.V.
Alma
Diamonds (H.K.) Ltd.
K.K.
Alma Japan Inc.
The
Company does not appear to have a parent or any other affiliations.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
primary bank for the Company could not be identified.
PAYMENT HISTORY
A
significant payment history could not be developed on the Subject as they do not
appear to be a large seeker of local trade credit. Trade references could not be obtained.
FINANCIAL INFORMATION
Mr.
Kothari declined to provide any financial information over the phone, and as of
this writing he has not responded to our fax request. Outside sources failed to
provide any insight.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC
Code: 5094
Business Activity
Wholesaler
of various colors, shapes and sizes of diamonds.
The
Company offers browns, white, silver/color, natts, single cut, princess cut,
baguettes (tapered or straight). They
operate internationally, selling to jewelry manufacturers, diamond brokers, and
dealers around the world.
The heading
address is the Company's headquarters.
They have the following branches:
550 S
Hill Str., Suite 1626
Los
Angeles, CA, 90013
Tel: 213-489-8039
Fax: 213-489-0802
919/499,Jewelery
Trade Centre Bldg, Bangrak,
Bangkok
Bk 10500
Tel:
6626300768
Fax: 662
630 0771
Noble
Jewelry
The Gold
Centre, 4th Floor Ste # 88
Deira,
Dubai
Tel:
9714-2290 708
Fax:
9714-2290 533
PUBLIC RECORD
Name
Searched: ALMA DIAMONDS INC
Defendant
Counsel: UNKNOWN
Defendant:
ALMA DIAMONDS INC
Plaintiff
Counsel: BART SCHECTMAN, ESQ.
1585
BROADWAY, SUITE 1840
NEW
YORK, NEW YORK 10036
(212)
969-3003
Plaintiff:
PROSKAUER ROSE LLP
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Name
Searched: ALMA DIAMONDS INC
Defendant
Counsel: UNKNOWN
UNKNOWN
Defendant:
ALMA DIAMONDS INC
DIAMOND
ESSENTIALS INC
Plaintiff
Counsel: COHN & COHN
40
EXCHANGE PLACE
NEW
YORK, NEW YORK 10005
(212)
363-7900
COHN
& COHN
40
EXCHANGE PLACE
NEW
YORK, NEW YORK 10005
(212)
363-7900
Plaintiff:
PUBLIC SERVICE MUTUAL INS CO
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Name
Searched: ALMA DIAMONDS INC
Amount:
$ 4,442
Attorney:
ROSS SUCHOFF HANKIN ETC
Civil
Summons: CIVIL COURT OF THE CITY OF NEW YORK - NEW YORK
OXFORD
HEALTH PLANS v. ALMA DIAMONDS INC
Defendant:
ALMA DIAMONDS INC
1212 6
AV
NEW
YORK, NY 10036
Docket
Number: 1103601
Filing
Date: 4/11/2001
Plaintiff:
OXFORD HEALTH PLANS
Type:
CIVIL SUMMONS
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Name Searched:
ALMA DIAMONDS INC
Amount:
$ 34,301
Attorney:
PROSKAUER ROSE LLP
Creditor:
PROSKAUER ROSE LLP
Debtors:
ALMA DIAMONDS INC
22 W 48
ST
NEW
YORK, NY 10036
Docket
Number: 001562430
Filing
Date: 6/6/2002
Type:
JUDGMENT
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NOTE: A nationwide search of bankruptcy courts
shows no bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Alma
Diamond Incorporated is engaged as a wholesale diamond company. A payment history could not be
developed. Several filings were found
in public under the Subject's name, but the outcomes of the filings could not
be determined. No other derogatory
information was found involving the Firm.
Financial
information could not be obtained.
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%)