MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DIAMOND CONCEPTS,
INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21/05/2001 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Engaged as a
wholesaler of jewelry. |
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 : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: DIAMOND
CONCEPTS, INC.
Trade Name(s): Diome
Ventures
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90013
Country: UNITED
STATES
Telephone: 213
623-6520
Facsimile: 213
623-6521
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: No
Website
Maj.
Shareholder: Mr. Milan Parekh
Business Activity: DIAMOND CONCEPTS, INC. is engaged as a
wholesaler of jewelry.
NOTE TO CLIENT
Messages were left
for management however a response had not been received at the time of this
report. If a response is received this report will be updated immediately.
NOTE: An employee count could not be obtained at
the time of this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 21/05/2001
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
Corporation
DIAMOND CONCEPTS,
INC.
Number: C2312833
Date Filed:
5/21/2001
Status: active
Jurisdiction:
Address
LOS
Agent for Service of
Process
LOS
Managers/Key
Personnel
Mr. Milan
Parekh President
OWNERS
Mr. Milan
Parekh
% Majority
AFFILIATED ENTITIES
There are no known
subsidiaries, divisions or parent companies.
BANKS
FIRST AMERICAN BANK
Telephone: 847
952-3700
Facsimile:
Account Number:
Account Manager:
Listed as a secured
party. Requires a signed authorization which was declined.
PAYMENT HISTORY
No significant payment
record was found.
FINANCIAL INFORMATION
No financial figures
regarding the subject company could be obtained directly from management or
from outside sources at the time of this report.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity:
DIAMOND CONCEPTS,
INC. is engaged as a wholesaler of jewelry. The company is also involved in
fashion watch manufacturing.
The heading address is
the headquarters and sole location for the subject company. The location is
leased.
TRADE REFERENCES
Trade references
could not be obtained at the time of this report.
PUBLIC RECORD
The following UCC
filings were filed by the Subject.
Name Searched:
DIAMOND CONCEPTS INC.
Debtors: DIAMOND
CONCEPTS, INC. [BUSINESS]
LOS
Filing Date:
04/11/2003
Filing Number:
0310460440
Secured Party: FIRST
AMERICAN BANK [BUSINESS]
P.O.
Status: UNLAPSED
Type: FINANCING
STATEMENT
No liens, judgments
or bankruptcy filings found:
GENERAL COMMENTS
DIAMOND CONCEPTS,
INC. is established with operations dating from May 2001. Payments appear to be
made on time. The operation history is clear. The firm is considered to be
responsible for normal business transactions at this time.
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%)