MIRA
INFORM REPORT
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Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHINESTONES INC. |
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Registered Office : |
22 West 48th Street ,New York, New York 10036 |
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Country : |
United States |
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Legal Form : |
Corporation –Private |
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Line of Business : |
Wholesaler and Distributors of diamonds and other gems, as well as
some 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : SHINESTONES INC.
Address : 22 WEST 48TH STREET
City : NEW YORK
State/Province : NEW YORK
As of :
Zip Code : 10036
Sales / Revenue :
Country : UNITED STATES
Net Income :
Telephone : 212 944-0065
Total Equity :
Facsimile : 212 764-4463
Number of Employees : 3
Legal Form : Corporation - Private
Website : No Website
Business Activity : The Subject is engaged in the wholesale distribution of diamonds and other gems, as
well as some jewelry.
NOTE TO CLIENT
Person contacted: Mr. Monish Gandhi, Vice President
Mr. Gandhi confirmed general information but declined to provide financial and bank details.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 18/10/1995
State/Province of Incorporation: NY
Status : ACTIVE
Previous Legal Form : Company is NOT required to publish an annual financial report.
Current Entity Name : SHINESTONES INC.
Initial DOS Filing Date : OCTOBER 18, 1995
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process
C/O SANDRA LEVITT P.C.
1780 BROADWAY, 10TH FLOOR,
SUITE 103
NEW YORK, NEW YORK, 10019
Registered Agent NONE
NOTE: New York State does not issue organizational identification numbers.
Managers/Key
Personnel
Mr. Parish Mehta President
Mr. Monish Gandhi Vice President
AFFILIATED ENTITIES
There are no affiliated companies.
BANKS
KBC Bank
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Branch details and reference authorization were not provided.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- --- -----------------------------------------------------------------------------------
AIR TRANS 06-11 00-00 NET 30 0 0 0 0 0 0 0 CUST 1 YR
BUS SERVCS 07-03 00-00 NET 30 100 100 100 0 0 0 0
COMPUTERS 07-01 00-00 CREDIT 7500 0 0 0 0 0 0
OFFC SUPPL 07-01 00-00 CREDIT 4000 0 0 0 0 0 0
GENERAL 05-02 04-09 NET 30 200 0 0 0 0 0 0 CUST 9 YR
MANUFCTRNG 06-10 00-00 CERTCHK 0 0 0 0 0 0 0
CURRENT QUARTER 11600 100 100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20070300 0 11 0 0 0 0 0 0 0
20070200 0 10 0 0 0 0 0 0 0
20070100 0 6 0 100 100 0 0 0 0
20061200 0 6 0 0 0 0 0 0 0
20061100 0 6 0 100 100 0 0 0 0
20061000 0 6 0 100 100 0 0 0 0
FINANCIAL INFORMATION
Mr. Gandhi declined to commend on financial information at this time.
CURRENT OPERATIONS
NAICS Code : 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code : 5094
Number of Employees: 3
Business Activity:
The Subject is engaged in the wholesale distribution of diamonds and other gems, as well as some jewelry.
The Company operates from approximately 900 square feet of leased space at the heading address.
There are no branch locations at this time.
PUBLIC RECORD
We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings.
GENERAL COMMENTS
The Subject was registered in 1995. The payment history of the Company is brief but satisfactory, and operating record clear. No derogatory information was reported or noted. The Company 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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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%)