MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL GEMS OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1978 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Diamond, jewelry,
and precious stone wholesaler and retailer. |
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: UNIVERSAL
GEMS OF
Trade Name(s): Gems
International of
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90013
Country: UNITED
STATES
Telephone: 213-623-5370
Facsimile: 213-623-8737
Founded
(D/M/Y): / /1978
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
8
Legal Form: Corporation
- Private
Website: No
Web Site
Business Activity: The Subject is a diamond, jewelry, and
precious stone wholesaler and retailer.
NOTE TO CLIENT
Please note that the
requested name, GEMS INTERNATIONAL OF CALIFORNIA, corresponds to a trade name
for the Subject. The official legal name of the Company is UNIVERSAL GEMS OF
CALIFORNIA, for which a report follows.
We contacted the
company and spoke to a representative (no name or title provided) who adamantly
declined to provide any information about the company
Please note that we
did send a written request to the Company's attention via facsimile. An update
will be provided accordingly should we receive a response at a later time.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 14/01/1981
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Subject is
incorporated in the state of
UNIVERSAL GEMS OF
Number: C1034304
Date Filed:
1/14/1981
Status: active
Jurisdiction:
Address:
LOS
Agent for Service of Process:
HARISH C. DAGA
LOS
Managers/Key
Personnel
Mr. Harish C.
Daga President
Mr. Sunil K.
Jain Vice President & Treasurer
AFFILIATED ENTITIES
As far as could be
determined, there are no known affiliates or subsidiaries.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
We could not obtain
any banking information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-06 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
BANK
07-06 07-05 CONTRCT 99500
200 100 0 0
0 0
BUS SERVCS 07-04 07-02 NET 30 100
0 0 0
0 0 0
PACKAGING
07-07 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
AIR TRANS
07-03 00-00 0000000 100
100 100 0 0
0 0 CUST 25 YR
COMPUTERS
07-01 00-00 CREDIT 15000 0
0 0 0 0 0
GENERAL
05-02 04-09 NET 30 500 0
0 0 0
0 0 CUST
7 YR
CURRENT QUARTER 99600 200
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070700
0 7 0 200 100 0
0 0 0
20070600
0 7 0 200 100 0
0 0 0
20070500
0 7 0 0 0
0 0 0 0
20070400
0 13 0 100 100 0
0 0 0
20070300
0 13 0 100 100 0
0 0 0
20070200
0 13 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 0 0
0 0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 0 0 0
0 0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 33800 100 0
0 0 0
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response.
The Subject would not
disclose any financial information. Other outside sources consulted could not
provide any further insight into the financial condition of this firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees
: 8
Business Activity:
The Subject is a
diamond, jewelry, and precious stone wholesaler and retailer. As far can be determined the heading address
is the sole location for the Company.
PUBLIC RECORD
A search of bankruptcy
courts revealed no record of the Subject filing for bankruptcy. No civil
judgments were found against the Subject.
The following tax
lien has been found against the Company:
Filing Number: 0189703
Filing Type: COUNTY TAX LIEN
Filing Office:
Filing Date: 01/22/2003
DEBTOR INFORMATION
Debtor: UNIVERSAL
GEMS OF CAL INC
LOS
Debtor Type: BUSINESS
CREDITOR INFORMATION
Creditor: LA
LIEN INFORMATION
Total Amount: $282
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The following UCC
filing has been made by the Company:
Filing Number: 0219960530
Filing Date: 07/18/2002
Expiration
Date: 07/18/2012
Filing Type: FINANCING STATEMENT
Related Filing
Number: 0771159996
Related Filing
Date: 05/31/2007
Related Filing
Type: CONTINUATION
DEBTOR INFORMATION
Debtor(s): UNIVERSAL GEMS OF CALIFORNIA, INC
LOS
GEMS INTERNATIONAL
OF
LOS
SECURED PARTY OR CREDITOR INFORMATION
Secured
Party(s): STATE BANK OF
LOS
GENERAL COMMENTS
The Subject is a
diamond, jewelry, and precious stone wholesaler and retailer since 1981. The
Company has a good payment record but it is not very developed. No bankruptcy
filings or civil judgments were found against the Company. However, there was
one tax lien against the Firm. The status of the tax lien could not be
confirmed at this time.
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. |
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%)