MIRA
INFORM REPORT
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Report Date : |
02.03.2011 |
IDENTIFICATION DETAILS
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Name : |
DIAMOND CONCEPTS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21.05.2001 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales precious and jeweler. |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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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Legal Name: |
DIAMOND CONCEPTS INC |
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Legal Address |
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Telephone: |
+ 1 (213) 623-65 20 |
Document Number : |
C2312833 |
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Fax: |
+ 1 (213) 398-13 18 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
2001 |
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Manager: |
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Date Incorporated: |
May 21st, 2001 |
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Staff: |
06 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesales precious and jeweler. |
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BANKS
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Name of the Bank |
BANK OF |
BUSINESS
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HISTORY |
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Diamond Concepts, Inc. is a private company created in 2001 and
incorporated in |
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PRINCIPAL ACTIVITY |
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Diamond Concepts, Inc's line of business is wholesaler of jewelry and
precious stones. The company is working as a wholesaler on the |
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Sales are: |
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Wholesale |
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Clients: |
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Retailers and distributors |
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Operations area: |
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National, International |
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The company imports from |
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The company does not export |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 06 employee(s) |
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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 |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Milan A Parekh is the company main shareholder |
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Management: |
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Related Companies: |
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NINACCI INC located in |
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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However our financial sources could provide us with the following data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
1,500,000 |
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The cash flow is |
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Currency |
DATE |
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USD |
12-31-2008 |
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Turnover |
1,100,000 |
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Operating Income |
62,000 |
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Net Income |
45,000 |
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Net worth |
200,000 |
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Liabilities |
60,000 |
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The cash flow is |
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Legal Fillings |
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The turnover for the year 2007 was
in the range of 980,000 USD. There are no UCC files listed with the Secretary of State of
California. There are no legal filings listed with the District Court. |
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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The subject is a small company. The company's profitability is medium and the payment trends remains
regular. It's important to notice that the company's turnover has increased in
2009. Moreover, the financial institutions give a correct opinion on the
company. |
SUMMARY
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Profitability |
MEDIUM |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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John |
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Position |
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Sales Manager |
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Comments |
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He was able to confirm us the information included in the report. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.