MIRA
INFORM REPORT
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Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHEFI DIAMONDS INC. |
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Registered Office : |
580, 5th Avenue, Suite #1227, New York 10036 |
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Country : |
United States |
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Date of Incorporation : |
1975 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesales diamonds, gems and jewelry. |
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 : |
Usually correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : SHEFI DIAMONDS INC.
Address :
580, 5TH AVENUE
SUITE #1227
City :
NEW YORK
State/Province : NEW
YORK
Zip Code :
10036
Country :
UNITED STATES
Telephone : 212
391-1482
Facsimile :
212 719-2892
Founded (D/M/Y) : / /1975
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 4
Legal Form :
Corporation - Private
Website : No
web-site available
Business Activity : The
Company wholesales diamonds, gems and jewelry.
NOTE TO CLIENT
Contacted person; Ms. Ekta
Rajwani, Account Specialist.
Ms. Rajwani confirmed general business information about the
Company. She was unable to provide
banking or financial details.
The information in this report was not confirmed by management.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
05/05/1975
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company is incorporated is in the State of New York.
Current Entity Name: SHEFI
DIAMONDS INC.
Initial DOS Filing Date: MAY 05,
1975
County: NEW
YORK
Jurisdiction: NEW
YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
%KULAK & LERNER
401 BROADWAY
NEW YORK, NEW YORK, 10013
Registered Agent
NONE
Managers/Key
Personnel
Mr. Sanjay Hirawat
President
AFFILIATED ENTITIES
The Company has no affiliates or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
No Banking information could be obtained.
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 0000000 1800
200 100 0 0
0 0 CUST 21 YR
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
OFFC SUPPL 07-01 00-00 CREDIT 1000
0 0 0
0 0 0
GENERAL
05-02 01-05 NET 30 0 0 0 0 0
0 0 CUST 5 YR
TELECOM
04-07 00-00 NET 15 100 0
0 0 0 0 0
CURRENT QUARTER 2800 200
100 0 0 0
0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 9 0 200 100 0 0
0 0
20070200
0 9 0 200 100
0 0
0 0
20070100
0 5 0 200 100
0 0
0 0
20061200
0 5 0 200 100
0 0
0 0
20061100
0 5 0 1100 100
0 0
0 0
20061000
0 5 0 100 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 0 500 100 0 0 0
0
Third
2006 0 100 100 0 0
0 0
Second
2006 10 1200 43 55 0
0 2
First
2006 0 0 0 0 0
0 0
Fourth
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
The Company declined to provide financial information.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
4
Business Activity:
The Company wholesales diamonds, gems and jewelry.
The heading address is the headquarters and sole location of the
Subject.
PUBLIC RECORD
Below are the UCC filings for the Subject.
580 FIFTH AVENUE SUITE 1227
NEW YORK, NY 10836
Secured Parties: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
Filing Date: 4/3/2001
Filing Number: 01064697
Filing Type: INITIAL FILING
Name Searched: SHEFI DIAMONDS INC.
Debtors: SHEFI DIAMONDS INC.
580 FIFTH AVENUE-SUITE 1227
NEW YORK, NY 10036
Filing Date: 04/09/2001
Filing Number: 01PN16986
Filing Type: INITIAL FILING
Original Filing Number: 01PN16986
Secured Party: MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
222 NORTH LASALLE STREET-17TH FL.
CHICAGO, IL 60601
A search of bankruptcy courts revealed no record of the Subject filing
for bankruptcy.
GENERAL COMMENTS
The Subject is a well established wholesaler of diamonds, gems and
jewelry. The payment history shows the Company has been efficient with its
payments. Legal records indicate no negative litigation taken against the
Subject. Thus, they are considered to be capable of handling normal business
transactions.
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%)