MIRA
INFORM REPORT
|
Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DIASTAR INC |
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Registered Office : |
6222 Richmond
Avenue, Suite 799 Houston, TX 77057 |
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Country : |
United States |
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Date of Incorporation : |
27.06.1991 |
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Com. Reg. No.: |
0119768500 |
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Legal Form : |
Corporation –
Profit |
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|
|
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Line of Business : |
Importer and
Retailer of Jewelry. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
Company
Name
DIASTAR INC
Company acronym: --
Contact Information
|
Address |
6222 Richmond
Avenue, Suite 799 Houston, TX 77057 USA |
|
Telephone |
713-784-4559 |
Registration Data
|
Date of Registration |
06-27-1991 |
|
Registration number |
0119768500 |
|
Legal address |
6222 Richmond
Avenue, Suite 799 Houston, TX 77057 USA |
|
Legal Form |
Corporation –
Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Chetan JHAVERI 16435 Hidden Court Sugarland, TX 77478 |
100 |
Board/Executive
|
Name |
Chetan JHAVERI |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and
retailer jewelry.
Staff
|
Number of staff
employed |
3 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Far East |
Facilities
|
Rented |
Store and office |
|
Premises Size |
1,500 sq. feet |
Bankers
|
Bank |
JPMORGAN CHASE
BANK |
|
Address |
712 Main Street,
Houston, TX 77002 |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial Information
|
Source |
Bank |
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Figures are |
Declared |
|
Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
400,000= |
Reporter Comments
|
Comments |
In the interview, a sales person declared that the business is actuallay
slow. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our
credit analysts, during the last 6 months, 86% of trade experience indicates
a regular payment. Payments of
imports are currently made with an average of 5 to 10 days beyond terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
|
UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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%)