MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIAGEM INC |
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Registered Office : |
29 East Madison Street Ste 1340 Chicago |
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Country : |
United States |
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Date of Incorporation : |
15.01.1991 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler and Manufacturer of fine 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 : |
Regular |
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Litigation : |
Clear |
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IDENTIFICATION & EXECUTIVE
SUMMARY
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Company Name: |
DIAGEM, INC. |
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Trade Name: |
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Address: |
29 EAST MADISON STREET STE 1340 |
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City: |
CHICAGO |
Founded (D/M/Y): |
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State/Province: |
IL |
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Zip Code: |
60602 |
Sales / Revenue: |
- |
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Country: |
UNITED STATES |
Net Income: |
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Telephone: |
312 782-0614 |
Total Equity: |
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Facsimile: |
312 782-4142 |
Number of Employees: |
10 |
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URL |
N/A |
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Legal Form: |
Corporation - Private |
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Shareholder: |
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Business Activity: |
The Firm is a wholesaler and manufacturer of fine jewelry. |
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NOTE TO CLIENT
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Person Contacted: Mr. Parag Bhansali, President. |
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LEGAL
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Legal Form: |
Corporation - Private |
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Incorporation State |
IL |
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Status: |
ACTIVE |
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Since (D/M/Y): |
15/01/1991 |
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The company is NOT required to publish an annual financial report. |
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The Firm is registered in Illinois under the following: |
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Entity Name: DIAGEM, INC. |
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File Number: 56245715 |
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Status: GOODSTANDING |
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Entity Type: CORPORATION |
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Type of Corp: DOMESTIC BCA |
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Incorporation Date: Domestic-01/15/1991 |
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State: ILLINOIS |
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Agent Name: SHERWIN R RUBINSTEIN |
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Agent Change Date: 01/15/1991 |
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Agent Street Address: 7250 N CICERO STE 200 |
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Agent City: LINCOLNWOOD |
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Agent Zip: 60712 |
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Duration Date: PERPETUAL |
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For Year: 2007 |
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MANAGERS / KEY PERSONNEL
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Mr. Parag Bhansali |
President |
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Mrs. Shehal Bhansali |
Secretary |
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AFFILIATED COMPANIES
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There are no affiliates or subsidiaries at this time. |
BANKS
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* |
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Management declined to provide the name of the Firm's primary bank and
outside sources provided no additional information. |
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PAYMENT HISTORY
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BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61- |
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CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS |
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---------- ----- ----- ------- -------- -------- --- --- --- --- --- -------- |
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COMPUTERS 07-05 00-00 0000000 400 0 0 0 0 0 0 |
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GENERAL 05-02 01-06 NET 30 0 0 0 0 0 0 0 CUST 6 YR |
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LEASING 07-06 00-00 CONTRCT 3700 0 0 0 0 0 0 |
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FINANCIAL INFORMATION
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Mr. Bhansali declined to provide financial statements or annual sales, |
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therefore the Firm's condition could not be evaluated. A written |
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inquiry was sent via fax, if he responds the report will be updated at |
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that time. |
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CURRENT OPERATIONS
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SIC Code: |
5094 |
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NAICS Code: |
42194 |
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Jewelry, Watch, Precious Stone and Precious Metal Wholesalers |
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Number of Employees: |
10 |
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Business Activity: |
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The Firm is a wholesaler and manufacturer of fine jewelry. |
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The Firm imports loose diamonds and other gemstone from India, Africa
and Asia |
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for use in thier jewelry. The Firm offers gold, white gold, silver and
platinum |
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rings, bracelets, anklets, earrings, pendants and necklaces. The Firm
targets |
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jewelry stores and distributors. |
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The heading address is the Firm's sole location and consists of leased
office |
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and manufacturing space. |
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PUBLIC RECORD
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No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to |
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the Firm. |
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COMMENTS
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The Firm is a well established wholesaler and manufacturer of fine jewelry. The |
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payment record is satisfactory. No Uniform Commercial Codes, tax liens or |
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bankruptcy petitions were traced to the Firm. The Firm is considered responsible |
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for normal trade relations. |
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. |
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%)