MIRA
INFORM REPORT
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Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
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Name : |
AL-DIAM, INC. |
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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 : |
Corporation –
Private |
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Line of Business : |
Diamond jewelry
distributor and wholesaler. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: AL-DIAM,
INC.
Address:
City:
State/Province:
Zip Code: 33132
Country: UNITED
STATES
Telephone: 305-373-6471
Facsimile: 305
373-2657
Founded
(D/M/Y): / /2000
As of: 31/12/2006
Sales /
Revenue: 3,500,000
Net Income:
Total Equity:
Number of Employees:
8
Legal Form: Corporation
- Private
Website: www.usajewels.com
Business Activity: The Company is a diamond jewelry
distributor and wholesaler.
NOTE TO CLIENT
We spoke with Mr.
Divyang Mehta, President, who provided all the information in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 07/09/2000
State/Province of
Incorporation: FL
Status: ACTIVE
Previous Legal
Form: Corporation
– Private
Company is NOT
required to publish an annual financial report.
AL-DIAM, INC.
Filing Information
Document Number
P00000084708
FEI Number 133938002
Date Filed
09/07/2000
Status ACTIVE
Effective Date
09/05/2000
Principal Address
111 N. E. 1 ST
STREET
600
Changed 01/05/2005
Mailing Address
600
Changed 01/05/2005
Registered Agent
Name & Address
DELISI, HILDA F
Managers/Key
Personnel
Mr. Divyang
Mehta President
Mr. Alay N.
Mehta Vice President
AFFILIATED ENTITIES
USA Jewels Inc.
Mehta Investments
LLC.
Both are located at
the same address as the Subject.
There are no
subsidiaries for this Company.
BANKS
Wachovia Bank
Telephone:
Facsimile:
Account Number:
Account Manager:
Mr. Mehta declined
to provide an account number or authorization.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-08 00-00 NET 30 0
0 0 0
0 0 0
CUST 3 YR
AIR TRANS
07-06 07-06 0000000 200
100 100 0 0
0 0 CUST
5 YR
CRED CARD
07-05 07-04 N30PRXO 700
100 100 0 0
0 0 CUST
4 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
TELECOM
06-04 00-00 NET 30 0 0
0 0 0
0 0
CURRENT QUARTER 200 100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 6 0 100 100 0
0 0 0
20070700
0 6 0 100 100 0
0 0 0
20070600
0 6 0 0 0
0 0 0 0
20070500
0 5 0 0 0
0 0 0 0
20070400
0 4 0 0 0
0 0 0 0
20070300
0 5 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 0 0
0 0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 0 0 0
0 0
0 0
Third
2006 0 100 100 0
0 0 0
Second
2006 0 0 0
0 0 0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2007 31/12/2006 31/12/2006
Projected Consolidated
Sales /
Revenues 4,500,000 3,500,000 -
The Subject would
not disclose financial statements when contacted citing company policy.
However, Mr. Mehta, did provide net sales figures, shown above in actual US
dollars.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 8
Business Activity:
The Company is a
diamond jewelry distributor and wholesaler.
The heading address is the sole location for the Company.
PUBLIC RECORD
Name Searched:
AL-DIAM INC
Debtor Address:
AL-DIAM, INC.
111 NE 1ST SUITE 600
Secured Parties:
WACHOVIA BANK, NATIONAL ASSOCIATION
Filing Date:
9/14/2006
Filing Number:
200603656496
Filing Type: INITIAL
FILING
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject is an established
diamond jewelry distributor and wholesaler which was founded in 2000. Payment
history was insignificant and no adverse information was traced. The Company is
considered responsible for normal business transactions.
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%)