MIRA INFORM REPORT

 

 

Report Date :

20th June 2006

 

IDENTIFICATION DETAILS

 

Name :

PRIYA GEMS INC

 

 

Registered Office :

62 West 47th Street

Suite 310, New York                             

10036, United States

 

 

Country :

United States

 

 

Date of Incorporation :

30/10/2001

 

 

Legal Form :

Corporation - Private

 

 

Line of Business :

Engaged as a jewelry store

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 


 

IDENTIFICATION & EXECUTIVE SUMMARY

 

Company Name:            PRIYA GEMS INC.

Address:                       62 WEST 47TH STREET

SUITE 310

City:                             NEW YORK

State/Province:              NEW YORK                             

Zip Code:                      10036                       

Country:                                    UNITED STATES                

Telephone:                    212 354-9733                

Facsimile:                     917 715-9715

Legal Form:                   Corporation - Private

Website:                       NONE

@rating Opinion:

As of:

Sales / Revenue:

Net Income:

Total Equity:

 

Business Activity:

The Subject is engaged as a jewelry store.

 

 

 

NOTE TO CLIENT

 

The Company was contacted through the above telephone number.  We spoke with a man who declined to provide his name or any detailed information on the Subject.  He verified the Company's name and

address.

 

 

 

LEGAL

 

Legal Form: Corporation - Private                    

Since (D/M/Y):  30/10/2001

State/Province of Incorporation:  NJ

Status: ACTIVE

Previous Legal Form:

Company is NOT required to publish an annual financial report.

NEW JERSEY SECRETARY OF STATE

Legal Name:  Priya Gems Inc.

ID Number:  0100863652

Status:  Active

Jurisdiction:  NJ

Incorporation Date:  10/30/2001

Registered Agent:  Vinod Kilanl

137 Orient Way #3C

Rutherford, NJ 07070

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NEW YORK SECRETARY OF STATE

Legal Name: PRIYA GEMS INC.

Incorporation Date: NOVEMBER 17, 2003

Jurisdiction: NEW JERSEY

Status: ACTIVE

Registered Agent: NONE

NOTE: New York State does not issue organizational identification numbers.

 

 

Managers/Key Personnel

 

Mr. Vinod Kikani                       President

 

 

AFFILIATED ENTITIES

 

The Company does not appear to have any affiliations, subsidiaries, or divisions.

 

 

BANKS

 

Telephone:

Facsimile:

Account Number:

Account Manager:

The primary bank for the Company could not be identified.

 

 

PAYMENT HISTORY

 

A payment history could not be developed on the Subject as they do not appear to be a large seeker of local trade credit.

 

 

FINANCIAL INFORMATION

 

Management could not be reached for comment on the financial condition of the Firm.  Outside sources failed to provide any insight.

 

 

CURRENT OPERATIONS

 

NAICS Code:   44831     Jewelry Stores

SIC Code:     5944

 

Business Activity:

The Subject is engaged as a jewelry store.

All sales are to local consumers.

 

It appears that the heading address is the sole location for the Company.

 

 

 

 

TRADE REFERENCES

 

Supplier references could not be obtained from management.

 

 

PUBLIC RECORD

 

A nationwide search of public and bankruptcy courts shows no Uniform Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.

 

 

GENERAL COMMENTS

 

Priya Gems Inc. is engaged as a retailer of jewelry.  A payment record could not be developed on the Subject. No derogatory information was found involving the Firm.  No financial information could be obtained.

 

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

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