MIRA
INFORM REPORT
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Report Date : |
16th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
PARAG
DIAMONDS INC |
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Registered Office : |
576 5TH AVENUE #601, NEW
YORK 10036,
UNITED STATES |
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Country : |
UNITED
STATES |
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Date of Incorporation : |
24/11/1981 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Retailers
and wholesalers of jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: PARAG
DIAMONDS INC
Trade Name(s): PARAMOUNT
GEMS
Address: 576
5TH AVENUE #601
City: NEW
YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
221-1520
Facsimile: 212
302-6478
Legal Form: Corporation
- Private
Website: www.paramountgems.com
@rating Opinion:
As of:
Sales / Revenue:
Net Income:
Total Equity:
Business Activity:
The Firm is a retailer and
wholesaler of jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Gilbert
Gorez, Account Manager.
Mr. Goez Declined to provide any
information, therefore the details in this report could not be confirmed.
NOTE: The provided name;
PARAMOUNT GEMS is the trade syle for the Firm called PARAG DIAMONDS INC. which
is located at the provided address.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 24/11/1981
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
The Firm is incorporated in New
York under the following:
Current Entity Name: PARAG
DIAMONDS INC.
Initial DOS Filing Date: NOVEMBER 24, 1981
County: NEW
YORK
Jurisdiction: NEW
YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address
Information DOS Process
GHANDI & SHAH
110-35 63RD AVE.
FOREST HILLS, NEW YORK, 11375
Registered Agent: NONE
Managers/Key Personnel
Mr. Gilbert Goez Accounts Manager
AFFILIATED ENTITIES
There are no known affiliates or
subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide
the name of the Firm's primary bank and outside sources provided no additional
information.
PAYMENT HISTORY
The Firm is not a large seeker of
local trade credit as a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Goez declined to provide
financial statements or annual sales. A written inquiry was also declined,
therefore the Firm's condition could not be evaluated.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity:
The Firm is a retailer and
wholesaler of jewelry.
The Firm offers diamonds and
other precious stones. The Firm also offers jewelry including: watchs, rings,
necklaces, earrings, pendants, bracelets, etc.
The provided address is believed
to be the Firm's sole location.
TRADE REFERENCES
No trade references could be
obtained from the subject.
PUBLIC RECORD
No judgements, tax liens or
bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established
retailer and wholesaler of jewelry. The Firm is not a large seeker of local
trade credit as a payment record could not be developed. No judgements, tax
liens or bankruptcy petitions were traced to the Firm. The Firm is considered
responsible for normal trade relations.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |