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MIRA
INFORM REPORT
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Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
C.M. DIAMOND (N.Y.) INC. |
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Registered Office : |
2 West 45th Street Suite 1408, New York, New York – 10036, |
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Country : |
United States |
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Date of Incorporation : |
27.02.1987 |
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Legal Form : |
Private Company |
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Line of Business : |
Importer and Wholesaler of Diamonds and 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 : C.M. DIAMOND (N.Y.)
INC.
Address : 2
WEST 45TH STREET SUITE 1408
City :
NEW YORK
State/Province : NEW
YORK
Zip Code :
10036
Country :
UNITED STATES
Telephone : 212
944-9401
Facsimile :
212 575-8075
Legal Form :
Private Company
Website :
www.ediamondwholesale.com
Business Activity : The
Subject is an importer and wholesaler of diamonds and jewelry.
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 3
NOTE TO CLIENT
We contacted the Subject at the requested address. The person who
verified the information preferred not to divulge his name. Additionally we sent a fax requesting
further information. If we receive a response, an update will be provided
immediately.
LEGAL
Legal Form :
Private Company
Since (D/M/Y) :
27/02/1987
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
--
Company is NOT required to publish an annual financial report.
The Company is incorporated in
the State of New York:
Current Entity Name : C. M. DIAMOND (N. Y.) INC.
Initial DOS Filing Date : FEBRUARY 27, 1987
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC
BUSINESS CORPORATION
Current Entity Status : ACTIVE
Principal Executive Office : C. M. DIAMOND (N. Y.) INC.
2 W 45TH ST / SUITE #1408
NEW YORK, NEW YORK, 10036
Managers/Key
Personnel
Mr. Dulichand Baid
President
AFFILIATED ENTITIES
As far as could be determined, there are no affiliates or subsidiaries.
BANKS
BANK OF INDIA
277 PARK AVE
New York NY 10172
Telephone: 212-753-6100
Facsimile: 212-319-6347
Account Number:
Account Manager:
The Bank requires an account number and signed authorization which could
not be obtained from management.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 07-03 00-00
0000000 200 200 100 0
0 0 0 CUST 4 YR
AIR TRANS 06-11 00-00 NET
30 0 0 0 0
0 0 0 CUST 1 YR
BLDG MATRL 07-01 00-00 CREDIT
5000 0 0
0 0 0 0
FINCL SVCS 05-08 05-05 CONTRCT 0 0 0 0
0 0 0 SATSFTRY
FINANCIAL INFORMATION
The Company was forwarded a fax requesting financial information.
Currently we have not received a response. Outside sources provided no insight
into the financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Number of Employees: 3
Business Activity
The Subject is an importer and wholesaler of diamonds and jewelry. The
heading address is the Company's headquarters. Additionally, the Subject has a
showroom located at 576 5th Avenue Suite #703., New York N.Y.10036.
PUBLIC RECORD
Filing Number: 305060947260
Filing Date: 05/06/2003
Expiration Date: 10/31/2008
Filing Type: CONTINUATION
Filing Date of Related Filing:
10/31/1988
DEBTOR INFORMATION
Debtor(s): C.M. DIAMONDS (NY)
INC.
22 WEST, 48TH STREET, SUITE 1204
NEW YORK, NY 10036
C.M. DIAMONDS (NY) INC.
76 5TH AVE.
NEW YORK, NY 10036
C.M DIAMONDS NY INC
OCEANSIDE, NY 11572
Secured Party(s):
BANK OF INDIA
OCEANSIDE, NY 11572
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A search of bankruptcy courts
revealed no record of the Company filing for bankruptcy.
GENERAL COMMENTS
C. M. DIAMOND (N. Y.) INC was incorporated in 1987. The Subject is an importer and wholesaler of
diamonds and jewelry. The Subject's
payment history is reported to be satisfactory, but limited. A search of public
and bankruptcy courts revealed no derogatory information or 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%)