MIRA
INFORM REPORT
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Report Date : |
29th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SUGEM
INC. |
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Registered Office : |
7 East 47th Street, 4th Floor, New York 10017, United States |
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Country : |
United
States |
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Date of Incorporation : |
17.08.1994 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and wholesaler of 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 : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : SUGEM INC.
Address : 7 EAST 47TH STREET, 4TH
FLOOR
City : NEW YORK
State/Province : NEW YORK
Zip
Code : 10017
Country : UNITED STATES
Telephone : 212 220-4393
Facsimile : 212 220-4399
Legal
Form : Corporation - Private
Website :www.sugemnewyork.com
@rating
Opinion :
Business
Activity : Manufacturer and
wholesaler of diamonds.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
NOTE TO CLIENT
PERSON
CONTACTED: Mr. Jitendrakumar Surani -
President
Mr.
Surani declined to provide any information about the Subject over the
telephone, citing Company policy. He
accepted a fax request for information on the Subject, but as of this writing
we have not received a response.
Therefore, the information in this report could not be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
17/08/1994
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 : SUGEM INC.
Incorporation
Date : AUGUST 17, 1994
Jurisdiction : NEW YORK
Status : ACTIVE
Registered
Agent : NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr.
Jitendrakumar Surani
President
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.
ANTWERPSEN
DIAMANTBANK N.V., BANK LEUMI USA are mentioned as secured parties for
financing.
PAYMENT HISTORY
A
significant payment history could not be developed on the Subject as they do
not appear to be a large seeker of local trade credit. Trade references could not be obtained.
FINANCIAL INFORMATION
Mr.
Surani declined to provide any financial information on the
Subject
over the telephone, and as of this writing we have not received a response to
the fax request. Outside sources failed
to provide any insight.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Business Activity
Manufacturer
and wholesaler of diamonds.
The
Company sells their diamonds to jewelry stores throughout the local area.
The
heading address appears to be the sole location for the Company.
PUBLIC RECORD
Name Searched :
SUGEM INC
Debtor Address : SUGEM INC.
7 EAST 47TH STREET
NEW YORK, NY 10017
Secured Parties : ANTWERPSEN DIAMANTBANK N.V.
Filing Date :
9/16/2002
Filing Number :
02211435
Filing Type :
INITIAL FILING
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Name Searched :
SUGEM INC
Debtor Address : SUGEM, INC.
7 EAST 47 STREET
NEW YORK, NY 10017
SUGEM, INC.
7 EAST 47 STREET
NEW YORK, NY 10017
Secured Parties : BANK LEUMI USA
Filing Date :
3/3/2004
Filing Number :
0403035168695
Filing Type :
CONTINUATION
Original Filing Number: 99171767
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NOTE:
A nationwide search of bankruptcy courts shows no bankruptcy filings
under the Subject's name.
GENERAL COMMENTS
Sugem
Inc. is engaged as a manufacturer and wholesaler of diamonds. A payment
record could not be developed on the Subject. 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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