MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
RENAISSANCE
DIAMOND CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02/08/1994 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler and
manufacturer of jewelry and 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 : |
No Complaints |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: RENAISSANCE
DIAMOND CORPORATION
Address: 22
EAST 49TH STREET 6TH FLOOR
City:
State/Province:
Zip Code: 10017
Country: UNITED
STATES
Telephone: 212
836-4155
Facsimile: 212
832 2727
In KUSD As of:
31/12/2006
Sales / Revenue: 10,000
Net Income:
Total Equity:
Number of Employees
: 8
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Company is a wholesaler and
manufacturer of jewelry and diamonds.
NOTE TO CLIENT
Person Contacted:
Mr. Rajshekhar Parikh, Chairman and CEO
Management provided
annual revenue and declined more detailed financial information.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 02/08/1994
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Current Entity
Name: RENAISSANCE DIAMOND CORPORATION
Initial DOS Filing
Date: AUGUST
02, 1994
County:
Jurisdiction:
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Principal Executive
Office RENAISSANCE DIAMOND CORPORATION
Managers/Key
Personnel
Mr. Rajshekhar
Parikh Chairman
& Chief Executive Officer
AFFILIATED ENTITIES
Management confirmed
no affiliates or subsidiaries.
BANKS
Citibank
Telephone: 212 663
1400
Facsimile: 212 357
8760
Account Number:
Account Manager:
The Company requires
signed authorization which management declined to supply.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
COMPUTERS
07-08 00-00 0000000 800
0 0 0
0 0 0
BANKRUPTCY
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
BUS SERVCS 07-02 00-00 NET 30 100
100 100 0 0
0 0
LEASING
07-06 00-00 CONTRCT 3700
300 100 0 0
0 0 CUST
2 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0
0 0 0
0 0
OFFC SUPPL 07-01 06-01 CREDIT 4000
0 0 0
0 0 0
TELECOM
06-10 00-00 NET 30 100 100
1 49 50
0 0 DISPUTE
CURRENT QUARTER 800 0
0 0 0
0 0
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2006 31/12/2006
Consolidated
Sales /
Revenues 10,000 - -
Management confirmed
annual revenue of $US 10 million.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
NAICS Code: 339911
Jewelry (except Costume) Manufacturing
Number of Employees
: 8
Business Activity:
The Company is a
wholesaler and manufacturer of jewelery and diamonds.
The provided address
is the headquarters and sole location for the company. The space is leased and
is 2700 square feet.
PUBLIC RECORD
Filing Number: 1191624
Filing Date: 10/05/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY
OF STATE/UCC DIVISION
Debtor(s): RENAISSANCE DIAMOND CORPORATION
Secured Party(s):
FLEET PRECIOUS METALS INC.
FLEET NATIONAL
BANK
Collateral
Type: ALL ASSETS INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL FIXTURES INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL EQUIPMENT INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL MACHINERY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL INVENTORY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL ACCOUNT(S) INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL ACCOUNTS RECEIVABLE INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL CONTRACT RIGHTS INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL CHATTEL PAPER INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
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Filing Number: 509125801907
Filing Date: 09/12/2005
Expiration
Date: 10/05/2010
Filing Type: CONTINUATION
Filing Date of
Related Filing: 10/05/2000
Filing Office: SECRETARY
OF STATE/UCC DIVISION
Debtor(s): RENAISSANCE
DIAMOND CORPORATION
Secured
Party(s): FLEET PRECIOUS METALS INC.
-----
Filing Number: 1191624
Filing Date: 10/05/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY
OF STATE/UCC DIVISION
Debtor(s): RENAISSANCE
DIAMOND CORPORATION
Secured
Party(s): FLEET PRECIOUS METALS INC.
FLEET NATIONAL
BANK
Collateral
Type: ALL ASSETS INCLUDING PROCEEDS AND
PRODUCTS
Collateral
Type: ALL FIXTURES INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL EQUIPMENT INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL MACHINERY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL INVENTORY INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL ACCOUNT(S) INCLUDING PROCEEDS
AND PRODUCTS
Collateral
Type: ALL ACCOUNTS RECEIVABLE INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL CONTRACT RIGHTS INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL CHATTEL PAPER INCLUDING
PROCEEDS AND PRODUCTS
Collateral
Type: ALL GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS AND PRODUCTS
--
Filing Number: 1191622
Filing Date: 10/05/2001
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
Debtor(s): RENAISSANCE
DIAMOND CORPORATION
Secured
Party(s): FLEET PRECIOUS METALS INC.
Collateral Type: ALL
FIXTURES INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL
EQUIPMENT INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL
MACHINERY INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL
INVENTORY INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL
ACCOUNT(S) INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL
ACCOUNTS RECEIVABLE INCLUDING
PROCEEDS AND PRODUCTS
Collateral Type: ALL
CONTRACT RIGHTS INCLUDING
PROCEEDS AND PRODUCTS
Collateral Type: ALL
CHATTEL PAPER INCLUDING
PROCEEDS AND PRODUCTS
Collateral Type: ALL
GENERAL INTANGIBLE(S)
INCLUDING PROCEEDS
AND PRODUCTS
--
Filing Number: 2252047
Filing Type: STATE
TAX LIENS
Filing Office:
Filing Date: 04/03/2007
Debtor: RENAISSANCE
DIAMOND CORPORATION
424
Debtor Amount: $1,030
Creditor: NYS
TAX COMMISSION
Total Amount: $1,030
No legal issues or
bankruptcy petitions were filed in the Company's name.
GENERAL COMMENTS
The Company
incorporated in 1994, engaged as a wholesaler and manufacturer of jewelry and
diamonds. The Company has a limited payment record and a search of public and
bankruptcy courts revealed one tax lien, the status is uncertain as no further
information is currently available. No bankruptcy petitions in the Company's
name.
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%)