MIRA
INFORM REPORT
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Report Date : |
30.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIAMLINK JEWELRY INC. |
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Registered Office : |
500 7th
Avenue, 12th floor, New York, NY 10018 |
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Country : |
United States |
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Date of Incorporation : |
22.09.2000 |
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Legal Form : |
Corporation
– Profit |
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Line of Business : |
Wholesales diamond gems Diatomaceous silica,
Mica, Emery, Quartz, Pyrite, Sulphur,
Chalk, Graphite, Dolomite, Magnesite, Asbestos, Calcium, Borate, Cryolite,
Feldspar, Leucite, Nephelite, Steatite, Talc, Diamonds, Garnets, 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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
Company name : DIAMLINK
JEWELRY INC.
Address : 500 7th Avenue, 12th floor, New York, NY 10018 -
USA
Telephone : 212-398-2817
Fax : 212-944-2752
Website : ---
Summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York
State does not issue organizational identification numbers New York
State Corporation
– Profit 09-22-2000 - - Chetan
CHOKSI |
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ACTIVITIES & OPERATIONS
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Business Staff: |
Wholesales diamond gems Diatomaceous
silica, Mica, Emery, Quartz, Pyrite,
Sulphur, Chalk, Graphite, Dolomite, Magnesite, Asbestos, Calcium, Borate,
Cryolite, Feldspar, Leucite, Nephelite, Steatite, Talc, Diamonds, Garnets, and others. 20 |
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Operations & branches: |
At above
address, we find a store and office, on lease. |
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SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a privately held and managed company. |
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Management : |
Chetan CHOKSI
is the President. Nina
CHETH is Sr. Vice President. Nehal
MODI is Executive Manager. As far as
we know, they are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
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FINANCIALS
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In United
States, privately held corporations are not required to publish any
financials. On a
direct call, nobody accepted to answer our questions. However,
sales estimate for year 2007 is in the range of USD 3,800,000= The
business is profitable. |
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Banks
ABN AMRO
BANK
New York,
NY
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LEGAL FILINGS
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Legal filings & complaints : |
As of
today date, there is no legal filings pending with the District
Courts. |
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Secured debts summary (UCC) : |
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MARKET ANALYSIS & FORECAST
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In the
State of New York , during the year 2007: - 52% of
the corporations in same branch were developing the business on a low risk of
late payment, - 40%, on
a medium risk, and - 8% on a high risk of late payment. - 92% of
them saw sales stable versus last 3 years - 4% declining - 4% growing. A high
percentage of late payment may indicate that companies in this industry are
experiencing cash flow problems, that suppliers generally accept late payment
as part of doing business, or that on-time payment is not customary in this
industry. Companies
entering such markets should not expect to be paid on time. The
market appears to be stable. |
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COMPANY CREDIT HISTORY
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According to our credit analysts, during the last 6 months, 78% of trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 to 15 days beyond terms. The
Company is improving its payments, but the cash is low, due to a stable
market. The bank
and financial institutions confirmed a low account and delays of payment. The risk
is medium. Our
opinion: A
business connection may be conducted but we suggest you to check regularly
the way of payments. |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.79 |
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UK Pound |
1 |
Rs.80.05 |
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Euro |
1 |
Rs.64.56 |
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%)