MIRA INFORM REPORT
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Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ELOQUENCE CORPORATION |
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Formerly Known As : |
ADAMAS MANUFACTURING CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.09.1973 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Eloquence Corporation |
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Address in the order: |
35-West, |
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Legal Name: |
Eloquence Corporation |
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Legal Address |
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Telephone: |
+1 (212) 869 5160 |
ID : |
235261 |
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Fax: |
+1 (212) 302-5269 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
1973 |
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Manager: |
Richard Werdiger, President |
Date Incorporated: |
September 28th, 1973 |
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Staff: |
3 |
Stock: |
20,000 |
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Value: |
$0.01 Par Value |
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Activity: |
Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers. |
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BANKS
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Name of the Bank |
Antwerp Diamond Bank |
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Name of the Bank |
Abn Amro Bank |
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Name of the Bank |
The Merchanta Bank Of |
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Name of the Bank |
Nbd Bank |
BUSINESS
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HISTORY |
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This company was created in 1973. Its previous name was ADAMAS
MANUFACTURING CORPORATION and in JAN 11, 2008 change its name the actual one. |
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PRINCIPAL ACTIVITY |
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Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers. |
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Products/Services description: |
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Bridal Anniversary: Wedding Sets Anniversary Bands Fashion: Earrings Rings Bracelets Pendants Fancy Color Diamonds: Natural Color Diamonds Color Enhanced Diamonds Laboratory Grown Diamonds |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Diamond stores Various industries |
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Operations area: |
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National, International, Local |
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The company imports from Asia, |
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The company export to Worldwide |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company, Richard Werdiger is the main shareholder of
this company. |
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Management: |
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Richard S Werdiger, Owner Patty Mc Niven, Manager |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Sheila who agreed to provide us with basic
information; However she refused to provide us any financial data on grounds
of confidentiality. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
430,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
400 000 |
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The cash flow is |
20 |
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Legal Fillings |
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There are 145 UCC files listed with the
Secretary of State of New York. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This means
that all local and federal taxes were paid on due date. |
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Final Opinion |
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This company has been in business for 38 years. It has a staff of 3
employees which makes it a small sized company. There were no legal filings found against the company or its legal
representatives. The revenue for the year 2010 had an increase of a 7% compared to the
revenue for 2008. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Sheila |
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Position |
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Receptionist |
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Comments |
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She agreed to provide us with basic information; However she refused
to provide us any financial data on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.83 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.