MIRA
INFORM REPORT
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Report Date : |
12.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BELGIUM DIAMOND INC. |
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Registered Office : |
15 West 47th Street # 900, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
18.04.2000 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of Loose 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 : |
Unknown |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: BELGIUM DIAMOND INC.
Address: 15 WEST 47TH STREET #900
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212 937 8715
Facsimile: 646 349-2930
Legal Form: Corporation - Private
Website: No Website
Business Activity: BELGIUM
DIAMOND INC. is engaged as a wholesaler of loose diamonds.
NOTE TO CLIENT
Person Contacted: Mr. Sunil Nair, Financial Controller. Mr. Nair
confirmed very basic information.
LEGAL
Legal Form: Corporation
– Private
Since (D/M/Y): 18/04/2000
State/Province of Incorporation: NY
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Current Entity Name: BELGIUM
DIAMOND INC.
Initial DOS Filing Date: APRIL
18, 2000
County: NEW
YORK
Jurisdiction: NEW
YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
BELGIUM DIAMOND INC.
15 W 47TH ST #900
NEW YORK, NEW YORK, 10036
Chairman or Chief
Executive Officer
SHALI BHADRA KOTHARI
15 W 47TH ST #900
NEW YORK, NEW YORK, 10036
Principal
Executive Office
BELGIUM DIAMOND INC.
15 W 47TH ST #900
NEW YORK, NEW YORK, 10036
Registered Agent
NONE
Managers/Key
Personnel
MR. SHALI BHADRA KOTHARI
Chief Executive Officer
MR. SUNIL NAIR
Controller
AFFILIATED ENTITIES
There are no known subsidiaries, divisions or parent companies.
BANKS
WACHOVIA BANK
RICHMOND VA
Telephone: 540 563-7363
Facsimile: 704 427-2477
Account Number:
Account Manager:
The bank requires an account number and authorization from the signing
officers which could not be obtained from management.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit and as such a
significant payment record could not be developed.
FINANCIAL INFORMATION
Mr. Nair declined to provide any financial details and outside sources
failed to add any insight into the condition of the Firm. He accepted a written
inquiry via fax and if he responds the report will be amended immediately.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
Business Activity:
BELGIUM DIAMOND INC. is engaged as a wholesaler of loose diamonds. The
heading address is the headquarters and sole location for the subject company.
TRADE REFERENCES
Trade references could not be obtained at the time of this report.
PUBLIC RECORD
No liens, judgments or bankruptcy filings were found:
FILING INFORMATION
Filing Number: 412291337249
Filing Date: 12/29/2004
Expiration Date: 12/29/2004
Filing Type: ORIGINAL
Filing Office: SECRETARY OF STATE/UCC DIVISION
162 WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s): BELGIUM DIAMOND INC
15 WEST 47TH
STREET, 15TH FLOOR
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): WACHOVIA BANK,
NATIONAL ASSOCIATION
123
S. BROAD STREET BCS-PHILA PA1323
PHILADELPHIA, PA 19109
COLLATERAL INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL EQUIPMENT
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL
INTANGIBLE(S) INCLUDING PROCEEDS AND PRODUCTS
==
FILING INFORMATION
Filing Number: 502080201159
Filing Date: 02/08/2005
Expiration Date: 12/29/2009
Filing Type: AMENDMENT
Filing Date of Related Filing:
12/29/2004
Filing Office: SECRETARY OF
STATE/UCC DIVISION
162
WASHINGTON AVE
ALBANY, NY
12210
DEBTOR INFORMATION
Debtor(s): BELGIUM DIAMOND INC
15 WEST 47TH
STREET, 15TH FLOOR
NEW YORK, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): WACHOVIA BANK,
NATIONAL ASSOCIATION
123
S. BROAD STREET BCS-PHILA PA1323
PHILADELPHIA, PA 19109
==
DEBTOR INFORMATION
Debtor(s): BELGIUM DIAMONDS,
INC.
15 WEST 47TH
STREET, NEW YORK
NY, NY 10036
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): VALLEY
NATIONAL BANK, MERCHANTS BANK DIVISION
555
FIFTH AVENUE
NEW YORK, NY 10017
COLLATERAL INFORMATION
Collateral Type: ALL ACCOUNT(S)
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL CHATTEL
PAPER INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL INVENTORY
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL EQUIPMENT
INCLUDING PROCEEDS AND PRODUCTS
Collateral Type: ALL GENERAL
INTANGIBLE(S) INCLUDING PROCEEDS AND PRODUCTS
==
No legal actions or bankruptcy petitions were filed under the Subject's
name.
GENERAL COMMENTS
BELGIUM DIAMOND INC. is established with operations dating from April of
2000. The operation history is clear. The Firm does not appear to be a seeker
of local trade credit as a significant payment record could not be developed
and supplier references could not be obtained from management.
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/normal. |
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%)