MIRA
INFORM REPORT
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Report Date : |
23.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL DIAMOND
SYNDICATE INC |
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Registered Office : |
67 East Madison
Suite 67, |
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Country : |
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Date of Incorporation : |
01/12/1992 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Importer and
manufacturer of loose diamonds. |
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 : |
Exists |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: NATIONAL
DIAMOND SYNDICATE INC
Address: 67
City:
State/Province:
Zip Code: 60603
Country: UNITED
STATES
Telephone: 312
782-0365
Facsimile: 312
782-4553
Founded
(D/M/Y): / /1951
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: nationaldiamond.com
Maj..
Shareholder: Zimmerman Family
Business Activity: The Firm is an importer and
manufacturer of loose diamonds.
NOTE TO CLIENT
Contact Person: Mr.
Keith Zimmerman, Chief Financial Officer Mr. Keith Zimmerman confirmed the
information in this report.
LEGAL
Legal Form: Corporation –
Private
Since (D/M/Y): 01/12/1992
State/Province of
Incorporation: IL
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name: NATIONAL DIAMOND SYNDICATE, INC.
File Number:
52915929
Status: GOODSTANDING
Entity Type:
CORPORATION
Type of Corp:
DOMESTIC BCA
Incorporation Date (Domestic): 12/01/1982
State:
Agent Name: WILLIAM
WOLOSHIN
Agent Change Date:
01/10/1996
Agent Street
Address:
Agent Zip: 60601
Duration Date:
PERPETUAL
Annual Report Filing
Date: 00/00/0000
For Year: 2007
Old Corp Name
12/01/1982 - N.D.S. INC.
Managers/Key
Personnel
CURRENTLY
VACANT President
MR. GARRY ZIMMERMAN Vice President
MR. KEITH
ZIMMERMAN Chief Financial Officer
OWNERS
Zimmerman
Family
100.00% Majority
AFFILIATED ENTITIES
Management reports
no affiliates or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to
provide the name of the primary bank, however, JPMORGAN CHASE BANK, N.A. was
mentioned as a secured party for financing.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
CRED CARD
07-09 00-00 NET 30 100 0
0 0 0
0 0 ACCTCLOSED
FINCL SVCS 06-09 00-00 VARIED 30200
20400 100 0 0 0 0
SATSFTRY
LEASING
04-10 00-00 CONTRCT 3300
3300 25 25
25 0 25
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
TELECOM
05-05 00-00 NET 30 3400 0
0 0 0
0 0
FINANCIAL
INFORMATION
Management declined
to provide financial information over the phone. The Company was forwarded a
fax requesting financial information. Currently we have not received a
response.
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Outside sources were
unable to provide insight into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 339911
Jewelry (except Costume) Manufacturing
SIC Code: 3911
Business Activity:
The Firm is an
importer and manufacturer of loose diamonds.
The Subject
manufactures, cuts and imports loose diamonds.
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Clients may order
diamonds to their specifications: Round, Princess, Oval, Marquise, Flanders
Cut, Emerald Cut, Trillion, Cushion, Asscher Cut, Radiant and Baguettes.
The noted address is
the headquarters location for the Company.
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The Subject has partners
and strategic alliances with Rough dealers, and polished dealers in
PUBLIC RECORD
Name Searched:
NATIONAL DIAMOND SYNDICATE INC.
Debtors: NATIONAL
DIAMOND SYNDICATE, INC [Business]
67
Filing Date:
03/12/2002
Filing Number:
004906047
History: NUMBER OF
UCC-3 STATEMENTS FILED: 2
FILING FILING
TRANSACTION
DATE TIME
TRANSACTION TYPE NUMBER
09/29/2006 07:47 AM AMENDMENT
TO A SECURED PARTY 008836044
09/29/2006 07:46 AM
CONTINUATION 008836042
Secured Party:
JPMORGAN CHASE BANK, N.A.
AMERICAN NATIONAL
BANK AND TRUST COMPANY OF
Status: UCC-3
STATEMENT FILED
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Name Searched:
NATIONAL DIAMOND SYNDICATE INC.
Attorney: HOWARD B
ROCKMAN
LEE MANN SMITH
MCWILLIAMS
Case Name: FLANDERS
DIAMOND US INC v. NATIONAL DIAMOND SYNDICATE INC
Case Number: 02C
0004605
Defendant: NATIONAL
DIAMOND SYNDICATE INC
Filing Date:
6/27/2002
Plaintiff: FLANDERS
DIAMOND US INC
Type: CIVIL SUIT -
PROPERTY RIGHTS - 830 PATENT
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Aside from a UCC
filing, a civil suit regarding property rights was located under the Subject's
name.
GENERAL COMMENTS
The Company, a
diamond import and manufacturing firm, was founded in 1951 by the Zimmerman
family, who remain the major shareholders to this day. The payment record is
brief, but satisfactory. A civil suit regarding property rights was found under the Subject's name,
however, no other negative litigation was returned.
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%)