MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
BEACAB GEMS INC. |
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Registered Office : |
2 West 46th Street Suite 1003, New York, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
06/06/1990 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and distributor of beaded jewelry. |
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: BEACAB GEMS INC.
Address: 2 WEST 46TH STREET SUITE 1003
City: NEW YORK
State/Province: NEW YORK
Zip Code: 10036
Country: UNITED STATES
Telephone: 212 921-2854
Facsimile: 212 921-2598
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 2
Legal Form: Corporation - Private
Website: www.beacab.com
Business Activity: Manufacturer
and distributor of beaded jewelry.
NOTE TO CLIENT
Mr. Sanjay Chordia, President, adamantly declined to provide any
information regarding the Subject and abruptly ended the telephone
conversation. Thus, information contained in this report cannot be
substantiated.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 06/06/1990
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:
Current Entity Name: BEACAB
GEMS INC.
Initial DOS Filing Date: JUNE 06,
1990
County: NEW
YORK
Jurisdiction: NEW
YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS
will mail process if accepted on behalf of the entity)
BEACAB GEMS INC.
2 WEST 46TH ST
SUITE 1003
NEW YORK, NEW YORK, 10036
Chairman or Chief
Executive Officer
SANJAY CHORDIA
2 WEST 46TH ST
SUITE 1003
NEW YORK, NEW YORK, 10036
Principal
Executive Office
BEACAB GEMS INC.
2 WEST 46TH ST
SUITE 1003
NEW YORK, NEW YORK, 10036
Registered Agent
NONE
Managers/Key
Personnel
Mr. Sanjay Chordia
President
AFFILIATED ENTITIES
We are unaware of any existing affiliates or subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank details were declined.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BANK
07-02 07-02 CONTRCT 110000
0 0 0
0 0 0 CUST 10 YR
BUS SERVCS 07-02 07-02 NET 30 0
0 0 0
0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 4000
0 0 0
0 0 0
AIR TRANS
05-08 00-00 100 0
0 0 0 0 0
FINCL SVCS 06-03 06-02 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
FINCL SVCS 06-06 06-05 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
GENERAL
05-02 03-09 NET 30 0 0 0 0 0
0 0 CUST 9 YR
CURRENT QUARTER 114000
0 0 0
0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070300
0 9 0 0 0 0
0 0 0
20070200
0 9 0 51200 100
0 0
0 0
20070100
0 5 0 0 0
0 0 0 0
20061200
0 5 0 30700 100
0 0
0 0
20061100
0 5 0 200 100
0 0
0 0
20061000
0 5 0 47100 100
0 0
0 0
FINANCIAL INFORMATION
Management declined to provide any financial information and outside
sources could not provide any insight into the financial status of the Subject.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Number of Employees: 2
Business Activity:
Manufacturer and distributor of beaded jewelry.
The headquarters and sole location are at the above-noted address.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform Commercial
Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
An established Company, the Subject is engaged as a manufacturer and distributor
of beaded jewelry. Payment records, though limited, are considered to be
generally satisfactory and a search of public records and bankruptcy courts
returned 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)