MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
GD DIAMOND |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Engaged as a
retailer of jewelry and other related items. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: GD
DIAMOND
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90014
Country: UNITED
STATES
Telephone: 800-573-7594
Facsimile: 213-614-9809
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Sole
Proprietorship
Website: www.gddiamond.com
Business Activity: The Subject is engaged as a retailer of
jewelry and other related items.
NOTE TO CLIENT
We contacted the company
and spoke to a representative Gloria (no last name or title provided) who
adamantly declined to provide any information about the company. Therefore
information in this report could not be confirmed by management. She mentioned
that the owners of the Company were away on a business trip and were not
expected to return until the following week.
Please note that we
did send a written request to the Company's attention via facsimile. An update
will be provided accordingly should we receive a response at a later time.
The number of
employees could not be determined.
LEGAL
Legal Form: Sole Proprietorship
Previous Legal
Form: Unknown
Company is NOT
required to publish an annual financial report.
The Company operates
as a sole proprietorship in the state of
Managers/Key
Personnel
Mr. Rajendra
Verma Co-Owner
Ms. Gyana Verma Co-Owner
AFFILIATED ENTITIES
As far as could be determined,
there are no known affiliates or subsidiaries.
BANKS
Bank of
CA
Telephone: 800-346-7693
Facsimile: 415-343-9301
Account Number:
Account Manager:
We were unable to
obtain the necessary signed authorization that the bank requires in order to
provide account information.
PAYMENT HISTORY
The firm is not a
large seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL
INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response.
The Subject would
not disclose any financial information. Other outside sources consulted could
not provide any further insight into the financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Business Activity:
The Subject is
engaged as a retailer of jewelry and other related items.
The Company has a
physical store location in addition to its own internet retail and ebay store.
As far as could be
determined, the heading address is the sole location for the Company.
TRADE REFERENCES
No trade references
could be obtained.
PUBLIC RECORD
A search of public
failed to reveal any Uniform Commercial Codes, tax liens, legal actions, or
bankruptcy petitions at this time.
GENERAL COMMENTS
The Subject is
engaged as a retailer of jewelry and other related items since 2000. No payment
history was found and there were no legal findings found against the Company.
No bankruptcy filings were reported or noted against the Firm.
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%)