MIRA INFORM
REPORT
|
Report Date : |
28.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOLD & DIAMOND INC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.11.1992 |
|
|
|
|
Legal Form : |
Corporation Not for Profit |
|
|
|
|
Line of Business : |
Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Gold And Diamond Inc |
||
|
Address in the order: |
|
||
|
Legal Name: |
GOLD & DIAMOND INC |
||
|
Legal Address |
|
||
|
Telephone: |
+1 (713)-995-97 86 |
ID : |
0125104900 |
|
Fax: |
+1 (713) 995-97 86 |
Legal Form: |
Corporation Not for Profit |
|
Email: |
NA |
Registered in: |
|
|
Website: |
NA |
Date Created: |
1992 |
|
Manager: |
JIGAR A LAKHANI, President |
Date Incorporated: |
November 25th, 1992 |
|
Staff: |
19 employees |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Jewelry, Watch, Precious Stone, and
Precious Metal Merchant Wholesalers |
||
BANKS
|
Name of the Bank |
TEXAS COMMUNITY BANK |
BUSINESS
|
HISTORY |
|
|
|
The company was founded in 1992. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company is working as a wholesaler of Jewelry, Watch, Precious
Stone, and Precious Metal Merchant. |
|
Sales are: |
|
|
|
Wholesale |
|
Operations area: |
|
|
|
National, International |
|
The company imports from |
|
|
The company does not export |
|
|
Trade References: |
|
|
|
Despite our long searches we could not find any company trade
references. |
|
The subject employs 19 employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is single located in: |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company. JIGAR LAKHANI is the main shareholder. |
|
Management: |
|
|
|
JIGAR LAKHANI, Owner and President. ALI |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
However our financial sources could provide us with the following data
(estimates): |
|
Currency |
DATE |
|
USD |
2009 |
|
Turnover |
20,000,000 |
|
The cash flow is |
|
|
Currency |
DATE |
|
USD |
2008 |
|
Turnover |
19,000,000 |
|
Operating Income |
1.700,000 |
|
Net Income |
890 000 |
|
Net worth |
1.900,000 |
|
Liabilities |
1,000,000 |
|
The cash flow is |
|
|
Legal Fillings |
|
There
are 10 UCC files listed with the Secretary of State of Texas. Among them: 1. Filing Number: 10100120987080 Filing Date: 10-01-2010 Filing Jurisdiction: Filing Location: Filing History: Filing Type Filing Date INITIAL FILING 10-01-2010 Secured Party: GOLD & DIAMOND INC Secured Party Address: Debtor:
MAKNOJEEA, AMIN Debtor Address: Debtor:
MAKNOJEEA, AMIN Debtor Address: Debtor:
PRINCE JEWELERS Debtor Address: 1006 CROSSROADS MALL 2. Filing Number: 10083042096 Filing Date: 08-30-2010 Filing Jurisdiction: Filing Location: SECRETARY OF THE COMMONWEALTH/UCC DIVISION OLD Filing History: Filing Type Filing Date INITIAL FILING 08-30-2010 Secured Party: GOLD & DIAMOND, INC Secured Party Address: Secured Party: ZIP TOWER CORPORATION Secured Party Address: MOORESVILLE NC
28117- 3818 Debtor:
JEWEL BOX Debtor Address: 6500 SPRINGFIELD MALL UPPR LEVEL Debtor:
POPUTYA, IQBAL Debtor Address: 6500 SPRINGFIELD MALL UPPR LEVEL Debtor:
R & A INC Debtor Address: 6500 SPRINGFIELD MALL UPPR LEVEL Debtor:
PEGASUS TOWER COMPANY, LTD. Debtor Address: RICHLANDS
VA 24641- 0233 3.Filing Number: 100824-0950370 Filing Date: 08-24-2010 Filing Jurisdiction: Filing Location: SECRETARY OF STATE/UCC DIVISION
CAPITOL COMPLEX EDGAR BROWN BLDG RM 525 Filing History: Filing Type Filing Date INITIAL FILING 08-24-2010 Secured Party: GOLD & DIAMOND INC Secured Party Address: Debtor:
BASHIR FAISAL Debtor Address: Debtor:
PARAMOUNT JEWELERS INC Debtor Address: 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 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 18 years of experience in
the business. It's a small size company with 19
employees The profitability is correct and the company's
turnover can be considered pretty fair for the company's size. A business connection can be conducted |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
|
|
|
APPENDIX
|
Person Interviewed |
|
|
|
|
|
Position |
|
|
|
Accounting Manager |
|
Comments |
|
|
|
He was able to confirm us the information in the report. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.