MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
REAL GEMS CORPORATION |
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Registered Office : |
6222 Richmond Ave Ste 800, Houston, Texas - 77057 |
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Country : |
United States |
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Date of Incorporation : |
21/10/1982 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer and wholesaler of 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: REAL GEMS CORPORATION
Address: 6222 RICHMOND AVE STE 800
City: HOUSTON
State/Province: TEXAS
Zip Code: 77057
Country: UNITED STATES
Telephone: 713 733-5500
Facsimile: 713 977-7325
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 12
Legal Form: Corporation - Private
Website: N/A
Business Activity: The
Firm is an importer and wholesaler of jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Bhikhu Barith, Controller.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 21/10/1982
State/Province of Incorporation: IL
Status:
ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in Illinois under the following:
Entity Name: REAL GEMS CORPORATION
File Number: 52882974
Status: DISSOLVED/
INVOLUNTARY DISSOLUTION 03 01 00
Entity Type: CORPORATION
Type of Corp: DOMESTIC BCA
Incorporation Date: (Domestic) 10/21/1982
State: ILLINOIS
Agent Name: HARRY SCHROEDER
Agent Change Date: 12/24/1992
Agent Street Address: 1619
S WESTERN AVE
Agent City: CHICAGO HEIGHTS
Agent Zip: 60411-3149
Duration Date: PERPETUAL
Annual Report Filing Date: 00/00/0000
For Year: 1999
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The Firm is qualified in Texas under the following:
Company Information: REAL GEMS
CORPORATION
6222 RICHMOND AVE STE 800, HOUSTON, TX 77057
Status:
IN GOOD STANDING
NOT FOR DISSOLUTION OR WITHDRAWAL
Through May 15, 2006
Registered Agent: UDAI
JAIN
6222 RICHMOND AVE STE 800, HOUSTON,
TX 77057
Registered Agent Resignation Date:
State of Incorporation: ILLINOIS
File Number: 0006869106
Charter/COA Date: March 21, 1986
Charter/COA Type: COA
Taxpayer Number: 13108326540
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NOTE: The Firm's Illinois and Texas registration was administratively
dissolved by Illinois and Texas Secretaries of State's Offices as the Firm has
not filed an annual report since 1999. Mr. Berith stated that he will file the
appropriate reports and fees which will bring the status back to active and in
good standing.
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Dissolved:
When a Secretary of State reports that a company's corporate status has
been " dissolved" or "
not in good standing" it does not
necessarily mean the company is no longer operating. A dissolved corporation can result from the company's delinquency
is paying its franchise tax or submitting its annual report to the Secretary of
State. Since the state itself is
sometimes slow to update its, it may be showing dissolution when in fact the
company has reinstated itself to good standing. In cases where the corporation is dissolved for a substantial
period of time there is a possibility that the company allowed it in order to
operate as a sole proprietorship. Many
small companies in the United States are not aware that their corporate status
has lapsed, and still others are not concerned by it. However in the event that they should be subject to a lawsuit,
the owners of the business would no longer enjoy the protection of the
corporation and their personal assets could be claimed in the payment of a judgment.
Managers/Key
Personnel
Mr. Udaj Jain
President
Mr. Bhikhu Barith
Controller
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
The bank could not be learned from management or outside sources.
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 0000000 900
900 100 0 0
0 0 CUST 21 YR
BUS SERVCS 04-09 04-08 NET 30 0
0 0 0
0 0 0
COMMUNICTN 06-11 98-09 NET 30 0
0 0 0
0 0 0
LEASING
05-05 00-00 CONTRCT 3400
0 0 0
0 0 0 CUST 1 YR
OFFC SUPPL 06-04 97-11 CREDIT 1500
0 0 0 0
0 0
FINANCIAL INFORMATION
Mr. Barith decline to provide financial statements or annual sales. A
written inquiry was also declined, therefore the Firm's condition could not be
evaluated.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC Code: 5094
NAICS Code: 339911 Jewelry (except Costume) Manufacturing
Number of Employees:
12
Business Activity:
The Firm is an importer and wholesaler of jewelry.
The Firm imports loose diamonds and other precious stones mainly from
India for their jewelry. The Firm offers rings, pendants, earrings, necklaces,
bracelets, and other jewelry items. The Firm also manufacturers a small amount
of jewelry from gold, silver and platinum.
The provided address is the Firm's sole location and consists of 2,450
square feet of leased office space.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were
traced to the Firm.
GENERAL COMMENTS
The Firm is a well established importer and wholesaler of jewelry. The
payment record is satisfactory. No Uniform Commercial Codes, tax liens or
bankruptcy petitions were traced to the Firm. The Firm is considered
responsible for normal trade relations.
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%)