MIRA
INFORM REPORT
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Report Date : |
4th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL
GEMS INC |
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Registered Office : |
30 West 47th Street Suite 607 New York, 10036 United
States |
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Country : |
United
States |
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Date of Incorporation : |
07/01/1986 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesalers
of diamonds, which it imports from Israel, Belgium and India. |
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 : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company Name: ROYAL
GEMS INC.
Address: 30 WEST 47TH
STREET SUITE 607
City: NEW
YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: 212
764-3301
Facsimile: 212-764-3303
Legal Form: Corporation
- Private
Website: No
website
@rating Opinion:
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 5
Business Activity:
The Company wholesales diamonds
which it imports from Israel, Belgium and India.
NOTE TO CLIENT
Mr. Niraj Bothra, Vice-President,
provided the following information contained in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 07/01/1986
State/Province of
Incorporation: NY
Status: ACTIVE
Previous Legal Form:
Company is NOT required to
publish an annual financial report.
The Company is incorporated in
New York State:
Current Entity Name: ROYAL GEMS
INC.
Initial DOS Filing Date: JANUARY
07, 1986
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS
CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address
Information DOS Process
ROYAL GEMS INC.
DIAMOND DEALERS CLUB
580 5TH AVENUE
NEW YORK, NEW YORK, 10036
Principal Executive Office
ROYAL GEMS INC.
C/O SCHWARTZ
5105-17TH AVE
BROOKLYN, NEW YORK, 11204
Registered Agent
NONE
Managers/Key Personnel
Mr. Pratap S. Jain President
Mr. Niraj Bothra Vice
President
AFFILIATED ENTITIES
Management reports no affiliates
or subsidiaries.
BANKS
JP Morgan Chase Bank
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide a
signed authorization required to obtain account reference information from the
above bank.
PAYMENT HISTORY
No payment were found.
FINANCIAL INFORMATION
Management declined to provide
any financial information however they did indicate an annual net sales figure
range between US$1,000,000 and 5,000,000.
CURRENT OPERATIONS
NAICS Code: 44831
Jewelry Stores
SIC Code: 5944
Number of Employees: 5
Business Activity:
The Company wholesales diamonds
which it imports from Israel, Belgium and India. There are no branch locations or
divisions. The heading address is the Company's headquarters and sole location
where it oversees day-to-day operations. The facility is leased and the square
footage consists of 675 square feet of office space.
TRADE REFERENCES
Each company has been contacted;
however, it often takes a few days before a response is received. Additional
information received will be forwarded at that time. Please not that it is our
experience that these requests could take several days before they respond.
COMPANY: LYONS WORLDWIDE
LOCATION: NEW YORK
TEL: 212-764-1209
FAX: 212-764-2987
-------------------------
COMPANY: EMDM
LOCATION: NEW YORK
TEL: 212-391-4406
FAX: 212-758-9888
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COMPANY: LEO SCHACHTER
LOCATION: NEW YORK
TEL: 212-688-2000
FAX: 212-935-5871
PUBLIC RECORD
A Nationwide search of public
records and bankruptcy courts revealed no Uniform Commercial Codes, tax liens,
legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Incorporated in 1986, the Company
is a well-established wholesaler of diamonds which it imports from Israel,
Belgium and India. No payment records were found and a search of public records
and bankruptcy courts revealed no derogatory information or record of the
Company filing a bankruptcy petition.
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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