MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
VARSHA DIAMONDS INC |
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Registered Office : |
550 South Hill Suite #1153, Los Angeles, California 90013 |
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Country : |
United States |
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Date of Incorporation : |
10/01/2003 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Diamond wholesaler |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : VARSHA DIAMONDS INC.
Address :
550 SOUTH HILL SUITE #1153
City :
LOS ANGELES
State/Province :
CALIFORNIA
Zip Code :
90013
Country :
UNITED STATES
Telephone : 213
683-0848
Facsimile :
213 683-0888
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 5
Legal Form :
Corporation - Private
Website :
www.varshadiamonds.com
Business Activity : The
Company is engaged as a diamond wholesaler.
NOTE TO CLIENT
Contact person: Pankaj Mehta, President.
Mr. Mehta declined to provide any information for this report.
Information in this report was not confirmed by management.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
10/01/2003
State/Province of Incorporation :
CA
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company is incorporated in the state of California.
VARSHA DIAMONDS INC.
Number: C2455546
Date Filed: 1/10/2003
Status: active
Jurisdiction: California
Address:
550 HILL ST STE 1153
LOS ANGELES, CA 90013
Agent for Service of Process:
PANKAJ PRATAPRA MEHTA
550 HILL ST STE 1153
LOS ANGELES, CA 90013
Managers/Key
Personnel
Mr. Pankaj Mehta
President
Mr. Nick Mehta
Vice President
Mr. Viplav Yadav
Director
Mr. Mehta declined to confirm the officers of the Company.
AFFILIATED ENTITIES
As far as we could determine, the Company has no affiliated companies or
subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Mehta declined to provide any banking information.
PAYMENT HISTORY
No payment history was found.
FINANCIAL INFORMATION
Mr. Mehta declined to provide any financial information.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
5
Business Activity:
The Company is engaged as a diamond wholesaler.
As far as we could determine, the heading address is the sole location
for the Company.
TRADE REFERENCES
Mr. Mehta declined to provide any trade references.
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
VARSHA DIAMONDS INC. is a diamond wholesaler. No payment history was
found. Trade references were declined. Legal indicate no negative litigation
taken against the Subject.
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%)