MIRA
INFORM REPORT
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Report Date : |
19.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ULTIMA DIAMONDS INC. |
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Registered Office : |
40 Sheppard Avenue West, Suite 502 Toronto, Ontario M2N 6K9 |
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Country : |
Canada |
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Date of Incorporation : |
24.11. 2004 |
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Legal Form : |
Ontario Corporation |
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Line of Business : |
Importer and Wholesaler of Gold and Platinum Jewelry, Diamonds, Silver
Jewelry, and Others. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
ULTIMA DIAMONDS INC.
Contact Information
|
Address |
40 Sheppard Avenue West, Suite 502 Toronto, Ontario M2N 6K9 Canada |
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Telephone |
416-640-0850 |
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Fax |
416-640-0853 |
Registration Data
|
Date of Registration |
November 24, 2004 |
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Registration number |
ON-0002059209 |
|
Legal address |
40 Sheppard Avenue West, Suite 502 Toronto, Ontario M2N 6K9 Canada |
|
Legal Form |
Ontario Corporation |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Family MAIEROVITZ |
100 |
Board/Executive
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Name |
Edward Maierovitz |
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Position within the company |
President and CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
The Company is importer and wholesaler of gold and platinum jewelry,
diamonds, silver jewelry, and others.
Sells to retailers in Ontario area.
Ultima Diamonds Inc. is member of the Canadian Diamond Code of Conduct.
27 Queen St. East Ste. 600 Toronto , Ontario
M5C 2M6
Tel: 416-363-2968
Fax: 416-363-7090
Staff
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Number of staff employed |
4 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Israel |
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Exports To |
None |
Facilities
|
Rented |
Office |
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Premises Size |
1,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
None |
Bankers
|
Bank |
National Bank of Canada |
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Address |
150 York Street , Toronto , ON M5H 3S5 |
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Telephone |
416-864-7791 |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Deferred |
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Figures are |
Estimate |
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Currency |
CAD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
CAD 1,000,000 |
Reporter Comments
|
Comments |
In the interview conducted with an employee, he declined bank account number citing the grounds of company
confidentiality. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 96% of
trade experience indicates a regular payment. Payments of imports are currently made on terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)