MIRA INFORM REPORT

 

 

Report Date :

03.07.2008

 

IDENTIFICATION DETAILS

 

Name :

DIAMOND EVER LAST INC.

 

 

Registered Office :

550 S Hill St Ste 1239, Los Angeles, CA 90013-2459

 

 

Country :

United States

 

 

Date of Incorporation :

09.22.2000

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Wholesaler of Diamonds.

 

 

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

 

Status :

Small Company

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

 

 

 

GEOPOLITICS

 

 

POLITICAL DATA

 

 

ECONOMIC DATA

FORM OF GOVERNMENT

 

ECONOMIC RISK

Federal

 


None

 

CURRENCY

 

BRANCH SITUATION

 

USD 100 = EUR 64

 

Satisfying

 

 

IDENTIFICATION

 

 

Company Name:

 

DIAMOND EVER LAST INC.

 

Address:

 

 

550 S Hill St Ste 1239,

Los Angeles, CA 90013-2459,

United States 

 

Phone:

Facsimile:

 

ID:

 

State:

 

Managers:

 

+1 (213) 689-7849

+1 (213) 689-7849

 

C2262837

 

California

 

Mansour Zianour, President

 

Date founded:

 

 

09/22/2000


 

Corporation for Profit

 

 

N.A.

 

Employees: 2

 

Legal form:

 

Stock:

 

Staff:

 

 

Business: 

Wholesaler of diamonds.

 

 

BANK

 

- BANK OF AMERICA.

 

 

BUSINESS

 

At the above address, we find the offices of the company DIAMOND EVER LAST INC.

 

Diamond Ever Last Inc's line of business is wholesales diamonds.

 

Products include Jewelry, Watch, Precious Stone, and Precious Metals.

 

The company supplies the local market.

 

 

SHAREHOLDERS – SUBSIDIARIES – MANAGERS

 

The directors of the company are:

 

-          Mansour Zianour, President,

-          Adam Moloudi, Director.

 

They are the main shareholders.

 

 

FINANCIALS – COMMERCIAL TRENDS AND FORECAST

 

The company does not publish its financials.

 

However our financial sources could provide us with the following information:

 

Fiscal Year

In USD

 

12/31/2007

Turnover

150,000

 

                                                                 

There are no legal fillings listed with the District Court.

 

There is no active UCC file listed with the State of California.

 

 

RATING

 

Local credit bureau gave a correct credit rate.

 

The Company is in “good standing”.

This means only that all local and federal taxes were paid on due date.

 

Payments are made on a regular basis.

 

Cash is correct.

 

 

Our final opinion

 

This is a small business working on the local market.

 

A credit line may be considered.

 

 

 

 

 

 

 

SUMMARY

 

 

 

FINANCIAL SUMMARY

 

 

DEBT COLLECTIONS AND PAYMENTS

PROFITABILITY

 

INDEBTNESS

 

CASH

 

Sufficient

 

Controlled

 

Correct

PUBLIC

 

PAYMENTS

 

 

No

 

As Agreed

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.21

UK Pound

1

Rs.85.72

Euro

1

Rs.67.92

 

 

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

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

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions