MIRA
INFORM REPORT
|
Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SANGHAVI
DIAMOND INC. |
|
|
|
|
Registered Office : |
1212 Avenue Of The Americas
11th Floor, New York – 10036 |
|
|
|
|
Country : |
United
States |
|
|
|
|
Date of Incorporation : |
17.05.1995 |
|
|
|
|
Legal Form : |
Corporation
- Private |
|
|
|
|
Line of Business : |
Manufactures,
Imports, Exports, and Distributes Diamonds. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name :
SANGHAVI DIAMONDS INC.
Address : 1212 AVENUE OF THE
AMERICAS 11TH FLOOR
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 764-7841
Facsimile : 212 719-4186
Legal Form : Corporation - Private
Website : www.sanghaviexports.com
Business Activity : The Subject is engaged in several
areas of the diamond industry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 25
NOTE TO CLIENT
NOTE:
Mr. Natwar Banka, CFO, confirmed only very general information, but declined to
add further details about the Company.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y): 17/05/1995
State/Province of Incorporation : NY
Status :
ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
Current Entity Name : SANGHAVI DIAMONDS INC.
Initial DOS Filing Date : MAY 17, 1995
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS
CORPORATION
Current Entity Status : ACTIVE
Selected Entity
Address Information DOS Process
SANGHAVI DIAMONDS INC.
1212 AVE OF THE
AMERICAS
11TH FL
NEW YORK, NEW YORK,
10036
Principal Executive
Office
SANGHAVI DIAMONDS INC.
1212 AVE OF THE
AMERICAS
NEW YORK, NEW YORK,
10036
Registered Agent NONE
NOTE: New York State
does not issue organizational identification numbers.
Managers/Key Personnel
Mr. Vasand
Sanghavi President
Mr. Natwar Banka Chief Financial Officer
AFFILIATED ENTITIES
INDIA
Sanghavi Exports
502-Prasad Chambers,
Opera House,
Mumbai - 400 004, INDIA.
Phone :+91-22-2364 3992 / 4
Fax :+91-22-2363 2936
E-mail : sales@sanghaviexports.com
Sanghavi Jewel Pvt. Ltd.
Plot No.- 01, SEEPZ++,
SEEPZ,
Andheri (East), Mumbai -
400 096, INDIA.
Phone : +91-22-5648 7000
Fax : +91-22-2829 1956
E-mail : marketing@sanghaviseepz.com
Sanghavi Diamond Mfg.
Pvt. Ltd.
Opp. Prannath Hospital,
Ved Road,
Surat - 395 004, INDIA.
Phone : +91-261-251 3891/97
Fax : +91-261-251 3898
E-mail : sales-surat@sanghaviexports.com
U.S.A.
Sanghavi Diamonds INC.
550-South Hill Street,
Suite-1141,
Los Angeles, CA-90013.
U.S.A.
Phone : +1-213-623 1817
Fax : +1-213-623 2819
E-mail : sanghavila@gmail.com
Dynamic Design Group
INC.
1212 Avenue of the
Americas,
11th Floor, New York,
N.Y.10036. U.S.A.
Phone : +1-212-840 9400
Fax : +1-212-840 7737
E-mail : contact@ddg-ny.com
HONGKONG JAPAN SINGAPORE
Sanghavi Exports
601-2 Trans HK Comms
Building,
41-43 Carnarvon Road,
T.S.T. Kowloon, Hong
Kong.
Phone : +852-2721 8608
Fax : +852-2723 9704
E-mail : hongkong@sanghaviexports.com
Sanghavi Jewellery Tokyo
Co. Ltd.
2F Omiya Bldg 5-13-9,
Taito-Ku Ueno,
Tokyo, Japan - 110005.
Phone : +81-03-3839 6005 / 6188
Fax : +81-03-3839 2237
E-mail : marketing@sanghavijewellery.com
Sanghavi Far East Pte.
Ltd.
Raffles City, P.O.
Box-0582,
Singapore - 911720.
Phone : +65-6348 3413
Fax : +65-6345 7864
E-mail : uday1970@hotmail.com
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank could not be
learned directly from
management or from
outside sources.
PAYMENT HISTORY
At this time the Subject does not have a significant payment
history to report. Trade references were not provided to us.
FINANCIAL INFORMATION
Mr. Natwar Banka, CFO, confirmed some general information but
declined to discuss financial details. Outside sources could not offer any
insight into the financial condition of the Subject.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code : 5094
Number of Employees : 25
Business Activity
The Subject is engaged in several areas of the diamond industry.
The Subject manufactures, imports, exports, and distributes
diamonds. Sales are at the wholesale level and are primarily focused in North
America.
There are no branch
locations at this time.
PUBLIC RECORD
We found no evidence
of bankruptcy filed in the Subject's name.
Debtor Address : SANGHAVI DIAMONDS INC.
1212 AVENUE OF THE
AMERICAS
NEW YORK, NY 10036
Secured Parties : ANTWERPSE DIAMANTBANK N.V.
Filing Date : 9/23/2005
Filing Number : 0509238341907
Filing Type : CONTINUATION
Original Filing Number : 01009870
Defendant Counsel : UNKNOWN
Defendant : NATIONAL WESTMINSTER
BANK NA
SANGHAVI
DIAMONDS INC
Plaintiff Counsel : DUNN &
ZUCKERMAN
1140 AVENUE OF AMERICAS
#1902
NEW YORK, NEW YORK
10036
212 921-2929
Plaintiff : STATE BANK OF INDIA
Debtors : SANGHAVI DIAMONDS
INC.
1212 AVENUE OF THE
AMERICAS
NEW YORK, NY 10036
Filing Date : 01/22/2001
Filing Number : 01PN02860
Filing Type : INITIAL FILING
Original Filing Number : 01PN02860
Secured Party : ANTWERPSE DIAMANTBANK N.V.
B-2018
10036
Debtor Address : SANGHAVI DIAMONDS INC.
1212 AVENUE OF THE
AMERICAS
NEW YORK, NY 10036
Secured Parties : ANTWERPSE DIAMANTBANK, N.V.
Filing Date : 1/16/2001
Filing Number : 01009870
Filing Type : INITIAL FILING
GENERAL COMMENTS
The Subject was
incorporated in 1995. The payment history of the Company is brief but
satisfactory, the operating record is clear. No derogatory information was reported
or noted. The Company is considered responsible for normal business
transactions.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.12 |
|
UK
Pound |
1 |
Rs.79.60 |
|
Euro |
1 |
Rs.63.83 |
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/normal. |
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%)