MIRA INFORM REPORT

 

 

Report Date :

19.01.2011

 

IDENTIFICATION DETAILS

 

Name :

DI MOKSH DIAM INC

 

 

 

 

Registered Office :

550 South Hill St Ste 1564 Los Angeles Ca 90013

 

 

 

 

Country :

United States

 

 

 

 

Date of Incorporation :

03.03.2000

 

 

 

 

Com. Reg. No.:

C2187786

 

 

 

 

Legal Form :

Corporation for Profit

 

 

 

 

Line of Business :

Jewelry Wholesalers

 

 

 

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

 

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 – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Di Moksh Diam Inc

Address in the order:

550, South Hill St 1564, Los Angeles, CA 90013

 

 

Legal Name:

DI MOKSH DIAM INC

Trade Name:

DI-MOKSH DIAM, INC.

Legal Address

550 SOUTH HILL ST STE 1564

LOS ANGELES CA 90013

USA

 

 

Telephone:

213- 623-4363

Registration Number :

C2187786

Fax:

N.A.

Legal Form:

Corporation for Profit

Email:

N.A.

Registered in:

California

Website:

N.A.

Date Created:

N.A.

Manager:

Alpesh Shah, President

Date Incorporated:

March, 03, 2000

Staff:

8

Stock:

 

 

 

Value:

 

Activity:

Jewelry Wholesalers

 

 

BANKS

 

Name of the Bank

BANK OF AMERICA

 

BUSINESS

 

HISTORY

Di-Moksh Diam, Inc was incorporated in 2000 and is headquartered in Los Angeles, CA.

 

 

 

PRINCIPAL ACTIVITY

Di-Moksh Diam, Inc is a Jewelry Wholesalers.

 

Sales are:

Wholesale

 

Clients:

The person contacted refused to provide the names of their clients on grounds of confidentiality.

 

Trade References:

The person contacted refused to provide the names of their suppliers on grounds of confidentiality.

 

 

 

LOCATION

Headquarters

The subject is headquartered at the above address.

 

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

NO

 

Shareholders Parent Company(ies):

Alpesh Shah is the main shareholder.

 

Management:

Alpesh Shah, President

 



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company who refused to provide us any financial data on grounds of confidentiality.

However our financial sources could provide us with the following data (estimates):

Currency

DATE

 

USD

2009 (approximately)

 

Turnover

980 000

 

 

Legal Fillings

 There are no active UCC files listed with the Secretary of State of New York.

 

There are no legal filings listed with the District Court.

 

For information:

 

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 United States of America. 

 

 

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

 

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.

 

 Final Opinion

The company has 10 years of experience in the business.

 

It's a small size company with 8 employees. 

 

The profitability is correct and payments are regular.

 

A credit line may be considered.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

Indebtedness

 

Payments

REGULAR

 

Cash

CORRECT

 

 

 

 





APPENDIX

 

Person Interviewed

Refused to reveal her name.

 

Comments

Did not want to provide us with any information on grounds of confidentiality and advised us to talk to the owner who currently is on vacation and won’t return until next month.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.53

UK Pound

1

Rs.72.56

Euro

1

Rs.60.62

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.