MIRA
INFORM REPORT
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Report Date : |
28th
November, 2006 |
IDENTIFICATION
DETAILS
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Correct Name : |
GEMS
ONE CORPORATION |
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Registered Office : |
25
West, 45th Street, Suite 1200, New York 10036, United States. |
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Country : |
United
States |
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Date of Incorporation : |
21.04.1992 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as a jewellery Store. |
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 : GEMS ONE CORPORATION
Address : 25 WEST 45TH STREET SUITE
1200
City : NEW YORK
State/Province : NEW YORK
Zip
Code : 10036
Country : UNITED STATES
Telephone : 212 869-7084
Facsimile : Declined
Legal
Form : Corporation - Private
Website : NONE
@rating
Opinion :
Business
Activity : The Subject is engaged as
a jewelry store.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
NOTE TO CLIENT
REQUESTED
NAME: The name requested, Gems Om
Corporation, is not a legal entity. The
Subject's legal name is Gems One Corporation.
PERSON
CONTACTED: Mr. Cal Jain - Manager
Mr.
Jain declined to provide any information about the Subject over the telephone,
and he declined to accept a fax request for information on the Company. Therefore, the information in this report
could not be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 21/04/1992
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
NEW
YORK SECRETARY OF STATE
Legal
Name : GEMS ONE CORPORATION
Incorporation
Date : APRIL 21, 1992
Jurisdiction : NEW YORK
Status : ACTIVE
Registered
Agent : NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr.
Anuj Jain President & Chief Executive Officer
Mr.
Cal Jain Manager
AFFILIATED ENTITIES
The
Company does not appear to have any subsidiaries, a parent or any other
affiliations.
BANKS
*
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
primary bank for the Company could not be identified.
PAYMENT HISTORY
BUSINESS DATE LAST
PAYMENT CREDIT BALANCE CUR 1-
31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS 06-10 00-00
0000000 17500 16200 79
21 0 0 0 CUST
6 YR
BUS SERVCS 06-11 00-00 NET 7
500 500 69
0 31 0 0
PACKAGING 06-11 00-00 NET
30 0 0 0 0
0 0 0
BUS SERVCS 06-06 06-06 NET 30
0 0 0
0 0 0 0
CELLUL/PAG 05-01 04-12 NET 30
800 0 0
0 0 0 0 CUST
3 YR
CELLUL/PAG 05-06 05-05 NET 30
600 0 0
0 0 0 0 CUST
4 YR
FINCL SVCS 04-05 04-02 CONTRCT 0 0 0 0
0 0 0 SATSFTRY
GENERAL 05-02 03-05 NET
30 0 0 0 0
0 0 0 CUST 6 YR
LEASING 04-05 00-00
CONTRCT 3300 0 0
0 0 0 0 CUST
1 YR
TELECOM 05-06 00-00 NET
30 0 0 0
0 0 0 0
CURRENT QUARTER
18000 16700 79
20 1 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061100 0 5 3 16600 80
20 0 0 0
20061000 0 5 3 17100 80
20 0 0 0
20060900 0 5 5 16000 69
31 0 0 0
20060800 0 6 3 12500 77
23 0 0 0
20060700 0 6 2 12900 84
16 0 0 0
20060600 0 5 3 16700 77
23 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third 2006 4 15100 75 25
0 0 0
Second 2006 3 15500 79 21
0 0 0
First 2006 3 11800 77 23
0 0 0
Fourth 2005 0 200 100 0 0
0 0
Third 2005 0 200 100 0
0 0 0
FINANCIAL INFORMATION
Mr.
Cain declined to provide any financial information on the Subject, citing
Company policy. 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.
It
is believed that the Company is an importer and retailer of fine gems and
jewelry.
The
heading address appears to be the sole location for the Company.
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
Gems
One Corporation is engaged as a retailer of gems and other jewelry. Their payment history is satisfactory,
indicating that they generally pay their outstanding debts within agreed
terms. No derogatory information was
found involving the Firm. Financial
information could not be obtained.
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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