MIRA
INFORM REPORT
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Report Date : |
04.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
JAY GEMS INC |
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Registered Office : |
590, |
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Country : |
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Date of Incorporation : |
22.11.2000 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer of diamond jewellery. |
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 : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : JAY GEMS
INC.
Address :
City :
Founded (D/M/Y) : - /- /2000
State/Province :
As of :
Zip Code :
10036
Sales / Revenue :
Country :
UNITED STATES
Net Income :
Telephone :
212 223-0065
Total Equity :
Facsimile :
212 223-0309
Number of Employees :
20
Legal Form :
Corporation - Private
Website :
seekandsource.com/jaygems
Maj. Shareholder :
Mr. Siraj Shah
Business Activity :
The Company is a manufacturer of diamond jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Siraj Shah, President and Owner. He verified and updated the information presented to him.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 22/11/2000
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company incorporated in
Current Entity Name : JAY GEMS INC.
Initial DOS Filing Date : NOVEMBER 22, 2000
County :
Jurisdiction :
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)
JAY GEMS INC.
589
Principal Executive Office
JAY GEMS INC.
589
Registered Agent: NONE
Managers/Key
Personnel
Mr. Siraj Shah President
OWNERS
Mr. Siraj Shah 100.00% Majority
AFFILIATED ENTITIES
The Company is affiliated with Jewelmark LLC.
The Company has no subsidiaries.
BANKS
HSBC
Telephone: 800 975-4722
Bank policy prohibits providing credit information.
Antwerpse Diamantbank NV
Telephone: 212-333-5304
Facsimile: 212-333-5290
A fax was sent to this bank for credit information.
PAYMENT HISTORY
No payment record was record found for the Subject at this time.
FINANCIAL INFORMATION
Mr. Shah declined to provide any financial statement information for this report, citing company policy.
CURRENT OPERATIONS
NAICS Code : 33991 Jewelry and Silverware Manufacturing
Number of Employees : 20
Business Activity : The Company is a manufacturer of diamond jewelry.
The Subject imports materials from India.
The heading address is the sole location for the Subject. The facility consists of leased office space.
TRADE REFERENCES
The Company stated
that it has no significant creditors in the
PUBLIC RECORD
A search of public revealed the following information and no bankruptcy petitions.
Name Searched : JAY GEMS INC.
Debtor Address : JAY GEMS INC.
Secured Parties : FANCY TRADING CO, LLC
Filing Date : 6/16/2004
Filing Number : 0406160622356
Filing Type : AMENDMENT
Original Filing Number : 0310031675827
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Name Searched : JAY GEMS INC.
Debtor Address : JAY GEMS INC.
590
JAY GEMS, INC.
589
Secured Parties : ANTWERPSEN DIAMANTBANK N.V.
Filing Date : 3/18/2004
Filing Number : 0403180277248
Filing Type : AMENDMENT
Original Filing Number : 0302270433334
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Name Searched : JAY GEMS INC.
Debtor Address : JAY GEMS INC.
Secured Parties : FANCY TRADING CO, LLC
Filing Date : 10/3/2003
Filing Number : 0310031675827
Filing Type : INITIAL FILING
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Name Searched : JAY GEMS INC.
Debtor Address : JAY GEMS, INC.
589
Secured Parties : ANTWERPSEN DIAMANTBANK N.V.
Filing Date : 2/27/2003
Filing Number : 0302270433334
Filing Type : INITIAL FILING
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Name Searched : JAY GEMS INC.
Debtor Address : JAY GEMS INC.
590
JAY GEMS INC.
590
Secured Parties : HSBC BANK
Filing Date : 10/19/2005
Filing Number : 0510195913862
Filing Type : INITIAL FILING
GENERAL COMMENTS
JAY GEMS INC., founded in 2000 in
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%)