MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
EMPEX DIAMOND INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29/03/1991 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler of
diamonds. |
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: EMPEX
DIAMOND INC.
Trade Name(s): Empex
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90014
Country: UNITED
STATES
Telephone: 213
688-9653
Facsimile: 213
688-9654
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
4
Legal Form: Corporation
- Private
Website: No
Website Found
Business Activity: The Subject is a wholesaler of
diamonds.
NOTE TO CLIENT
We contacted the
Company at the provide number 213-668-9653; Our contacted person verified all
the information in this report, but declined to provide his name and position
with the Company.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 29/03/1991
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The following was
filed with the California Secretary of State.
Corporation
EMPEX DIAMOND INC.
Number: C1495346
Date Filed:
3/29/1991
Status: active
Jurisdiction:
LOS
Agent for Service of Process
SHIRLEY LEONARD
Managers/Key
Personnel
Mr. Ravi Patel President
AFFILIATED ENTITIES
As far as could be
determined there are no affiliates or subsidiaries.
BANKS
Bank Leumi
Telephone: 323
966-4700
Facsimile:
Account Number:
Account Manager:
Bank Leumi requires
a signed authorization which was declined by management.
PAYMENT HISTORY
The Company is not a
large seeker of local trade credit and as such a significant payment record
could not be developed.
FINANCIAL INFORMATION
Management would not
disclose any financial information when contacted citing confidentiality.
Outside sources could not provide insight into the financial condition of this
firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 4
Business Activity:
The Subject is a
wholesaler of diamonds.
The heading address
is the Company's sole location.
PUBLIC RECORD
Name Searched: EMPEX
DIAMOND INC.
Case Name: EMPEX
DIAMOND INC v. AMLANI ALTAF, et al
Case Type: CIVIL
Civil Case Number:
BC 272828
Filing Date:
04/26/2002
Secured Party: PLAINTIFF
DEFENDANT COMMENT
EMPEX DIAMOND INC
AMLANI ALTAF
EMPEX DIAMOND INC
AMLANI RITA
EMPEX DIAMOND INC
AMLANI'S GOLDMINE
EMPEX DIAMOND INC
AMLANIS JEWELRY
EMPEX DIAMOND INC I
P M 76
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A search of
bankruptcy courts revealed no record of the Company filing for bankruptcy.
GENERAL COMMENTS
Empex Diamond Inc.
was incorporated in 1991. The Subject is a wholesaler of diamonds. The Company is not a seeker of local trade
credit and as such a significant payment record could not be developed. A
search of public revealed a civil suite against the Firm, the status is
uncertain as no further information is currently available. No record of the
Company filing a bankruptcy petition.
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%)