MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DEV INDUSTRIAL
CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12/08/1992 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged as a
manufacturer and supplier of natural diamond powder and a supplier of
synthetic powder. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: DEV
INDUSTRIAL CORP.
Address:
City:
State/Province:
Zip Code: 37452
Country: UNITED
STATES
Telephone: 561
843-4058
Facsimile: 561-368-0830
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: www.dev-group.com
Business Activity: The company is engaged as a
manufacturer and supplier of natural diamond powder and
a supplier
of synthetic powder.
NOTE TO CLIENT
Management was out
of the office. The individual who responded to the call refused all business
information and declined to accept a written inquiry.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 12/08/1992
State/Province of
Incorporation: FL
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Florida Profit
Corporation: DEV INDUSTRIAL CORP.
Filing Information:
Document
Number: V57809
FEI Number: 650352182
Date Filed: 08/12/1992
State: FL
Status: ACTIVE
Principal Address
Changed 03/05/2001
Mailing Address
Changed 03/05/2001
Registered Agent
Name & Address
JHAVERI, MEHUL
Managers/Key
Personnel
Mr. Mehul
Jhaveri President
Mr. Sanju
Bhandari Vice President
AFFILIATED ENTITIES
There are two known
affiliated companies:
Dev Ashish
2007, Panchratna
Opera House
Mumbai 400004,
Dev Jewels B.V.B.A.
2, Hovenierstraat,
Suite No. 205
Bus 505, 2018 –
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
No bank information
was provided.
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 declined
to provide any financial information. Outside sources failed to provide any
insight into the condition of the company.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
NAICS Code: 311991
Business Activity:
The company is
engaged as a manufacturer and supplier of natural diamond powder and a supplier
of synthetic powder. The heading address
is believed to be the headquarter address and sole location.
PUBLIC RECORD
A nationwide search
of bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy. There were also no filings of Uniform Commercial Codes or tax
liens.
GENERAL COMMENTS
DEV INDUSTRIAL CORP.
is engaged as a manufacturer and supplier of natural diamond powder and a
supplier of synthetic diamond powder. Legal indicate no derogatory information
filed against the company or any bankruptcies filed by the company.
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%)