MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
PALAK DIAM, INC. |
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Registered Office : |
550 S. HILL ST. SUITE 880, LOS ANGELES, CA, 90013 |
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Country : |
United States |
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Date of Incorporation : |
21.07.2005 |
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Com. Reg. No.: |
C2768148 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler and Retailer of 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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: PALAK DIAM, INC.
Address: 550 S. HILL ST.
SUITE 880
City: LOS
ANGELES
State/Province: CA
Zip Code: 90013
Sales / Revenue: -
Country: UNITED STATES
Net Income:
Telephone: 213 228-0077
Total Equity:
Facsimile: 213 622-4038
Number of Employees:
URL www.palakdiamond.com
Legal Form: Corporation -
Private
Shareholder:
Business Activity: The Firm is
a wholesaler and retailer of diamonds.
NOTE TO CLIENT
NOTE: We have
attempted several time to reach the Firm at the number;
Tel: 213 228-0077
and Cell: 213 238-8485. However, both number forward to a voice mail for Mr.
Savani, where an intercept message states the mail box is full. Therefore, no
messages could be left for the Firm. A written inquiry was sent via fax, if
managment responds the report will be updated at that time.
LEGAL
Legal Form: Corporation
- Private
Incorporation
State CA
Status: ACTIVE
Since (D/M/Y): 21/07/2005
The company is NOT
required to publish an annual financial report.
The Firm is registered in California under the following:
Corporation: PALAK DIAM, INC.
Number: C2768148
Date Filed: 7/21/2005
Status: Active
Jurisdiction: California
Address: 608 SOUTH HILL ST STE #1111, LOS ANGELES, CA 90014
Agent for Service of Process
ANKUR S SAVANI
608 SOUTH HILL ST STE #1111, LOS ANGELES, CA 90014
MANAGERS / KEY PERSONNEL
Mr. Ankur Savani President
AFFILIATED COMPANIES
There are no known
affiliates or subsidiaries at this time.
BANKS
Management
declined to provide the name of the Firm's primary bank and outside sources
provided no additional information.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit and as such a payment record could not be obtained.
FINANCIAL INFORMATION
Senior Management
could not be reached provide financial statements or annual sales, therefore
the Firm's condition could not be evaluated. A written inquiry was sent via fax
to Mr. Savani, if he responds the
report will be updated at that time.
HISTORY
The Firm is
reported to be in operations since 1935
CURRENT OPERATIONS
SIC Code: 5944
NAICS Code: 44831
Jewelry Stores
Business Activity:
The Firm is a wholesaler
and retailer of diamonds.
The Firm is
reported as a buyer of closeout diamonds and jewelry. The Firm is also reported to purchase damaged diamonds
and broken jewelry.
The heading address is reported to be the Firm's headquarters.
The Firm also another location reported at 608 S HILL ST STE 1111, LOS
ANGELES,
CA, 90014. At this time we are unable to determine if this location is a
branch, previous address or new location.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
COMMENTS
The Firm is reported to be a well established wholesaler and retailer of diamonds. No payment history or public could be located for the Firm.
The Firm is considered responsible for normal trade relations.
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%)