MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ORIENTAL
GEM CORPORATION |
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Registered Office : |
30 West 47th Street Suite 805, New York 10036, United States |
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Country : |
United
States |
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Date of Incorporation : |
30/03/1992 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged in the wholesale of precious gems such as
diamonds. |
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 : ORIENTAL GEM CORPORATION
Trade
Name(s) : A.N.B. CREATIONS
Address : 30 WEST 47TH STREET SUITE
805
City : NEW YORK
State/Province : NEW YORK
Zip
Code : 10036
Country : UNITED STATES
Telephone : 212 575-0171
Facsimile : Same as phone
Legal
Form : Corporation - Private
Website : No website
@rating
Opinion :
Business
Activity : The Subject is engaged in
the wholesale of precious gems such as diamonds.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees: 5
NOTE TO CLIENT
REGARDING
A REQUEST FOR ORIENTAL GEM CORP., PLEASE BE ADVISED THAT THE CORRECT LEGAL NAME
IS ORIENTAL GEM CORPORATION FOR WHICH A REPORT FOLLOWS.
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Person
contacted: Mr. Arvind D. Bhandari, President.
LEGAL
Legal
Form :
Corporation - Private
Since (D/M/Y): 30/03/1992
State/Province
of Incorporation : NJ
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
New
Jersey registration:
Business
Name :
ORIENTAL GEM CORPORATION
Business
ID Number : 0100513268
Business
Type :
DOMESTIC PROFIT CORPORATION
Status :
ACTIVE
Filing
Date :
03/30/1992
Home
Jurisdiction :
NJ
Status
Change Date : Stock Amount: 10000
Annual
Report Month :
4
Last
Annual Report Filed :
04/07/2005
For
Last Annual Report Paid Year :
2004
Incorporator :
EDMUND W. GRANSKI JR., ESQ.
Agent :
ARVIND D BHANDARI
Agent
Address :
7 RUNNYMEDE CT. WHIPPANY, NJ 07981 - 0000
Office
Address Status :
Deliverable
Main
Business Address :
7 RUNNYMEDE COURT WHIPPANY, NJ 07981
Principal
Business Address : 7
RUNNYMEDE COURT WHIPPANY, NJ 07981
Associated
Names
Name : A.N.B. CREATIONS
Type
Description : Fictitious Name
We
found no qualifying registration with the New York Secretary of State. This
does not bar the Subject from operating legaly in that state.
Managers/Key Personnel
MR.
ARVIND D BHANDARI
President
AFFILIATED ENTITIES
There
are no affiliates at this time.
BANKS
Bank
of America
1515
Broadway
New
York NY 10036
Telephone:
800 841-4000
Facsimile:
Account
Number:
Account
Manager:
A
faxed request for signed bank reference authorization has not had any reply at
this time.
PAYMENT HISTORY
No
payment history has been established for the Subject at this time.
FINANCIAL INFORMATION
Mr.
Arvind D. Bhandari, President, confirmed general information and stated that
sales are over $3 million US Dollars. No further details were provided.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Number
of Employees: 5
Business Activity
The
Subject is engaged in the wholesale of precious gems such as diamonds.
The
heading address was confirmed as the headquarters of the Company. The Subject
has a branch at 7 RUNNYMEDE COURT WHIPPANY, NJ 07981.
PUBLIC RECORD
We
found no public record filings in the Subjects name, including bankruptcy or
other such derogatory filings.
GENERAL COMMENTS
The
Subject has been operating for nearly 15 years. No payment history has been
established for the Company, the operating record is clear. No derogatory
information was reported or noted. The Subject is considered responsible for
normal business transactions.
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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