MIRA INFORM
REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRISM DIAMONDS INC. |
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Registered Office : |
550 South Hill Street Suite 1360, Los Angeles, California - 90013 |
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Country : |
United States |
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Date of Incorporation : |
2003 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Diamond and jewelry 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 : PRISM DIAMONDS INC.
Address :
550 SOUTH HILL STREET SUITE 1360
City :
LOS ANGELES
State/Province :
CALIFORNIA
Zip Code :
90013
Country :
UNITED STATES
Telephone :
213-627-4345
Facsimile :
213-627-7704
Legal Form :
Corporation - Private
Founded (D/M/Y) : / /2003
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : --
Website :
N/A
Maj. Shareholder : Mr.
Ashok Jain
Business Activity : The
Company is a diamond and jewelry wholesaler.
NOTE TO CLIENT
Person Contacted: Mr. Ashok Jain, Owner/President. Mr. Jain verified and updated the
information presented to him.
Mr. Jain stated that the Company has no employees.
LEGAL
Legal Form: Corporation - Private
Since (D/M/Y): 06/01/2003
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 California under the following
registration:
PRISM DIAMONDS INC.
Number: C2455023
Date Filed: 1/6/2003
Status: active
Jurisdiction: California
Address:
550 S HILL ST STE 1360
LOS ANGELES, CA 90013
Agent for Service
of Process
ASHOK C JAIN
550 S HILL ST STE 1360
LOS ANGELES, CA 90013
Managers/Key
Personnel
Mr. Ashok Jain
President
OWNERS
Mr. Ashok Jain % Majority
AFFILIATED ENTITIES
The Company has no subsidiaries or affiliated companies.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Jain declined to provide a bank reference for this report.
PAYMENT HISTORY
No payment record was record found for the Subject at this time.
FINANCIAL INFORMATION
Mr. Jain declined to provide any financial statement information for
this report, citing company policy.
HISTORY
The Company incorporated in 2003 as a wholesaler of diamond jewelry.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Number of Employees:
Business Activity:
The Company is a diamond and jewelry wholesaler.
The Company imports primarily from India.
The heading address is the sole location for the Company. The Facility consists of leased office
space.
TRADE REFERENCES
The Company stated that it does not have any major creditors in the US
or Canada.
PUBLIC RECORD
A search of public revealed no derogatory information, bankruptcy
petitions or Uniform Commercial Codes.
GENERAL COMMENTS
Prism Diamonds Inc., founded in 2003 in California, engaged as a diamond
and jewelry wholesaler. No payment record was found for the Subject, however,
the operating history is clear. No
derogatory information or bankruptcy petitions were reported or noted. The Company is responsible for 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%)