MIRA
INFORM REPORT
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Report Date : |
18.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ZAR GEM CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.07.1979 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Diamond and Gem Wholesaler. |
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 : |
– Satisfactory |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : ZAR GEM CORP.
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212-840-1408
Facsimile : 212-840-1409
Legal Form : Corporation - Private
Website : N/A
Maj. Shareholder : Mr. Robert Zar
@rating Opinion :
Business Activity : The Company is a diamond and gem wholesaler.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Attempted Contact: Mr. Robert Zar, President and Owner.
Several attempts were made to contact Mr. Robert Zar, however, as of this report, we have not received any response to our voice messages. A fax was sent to the Company to obtain information for this report.
If we receive a response, we will amend the report accordingly.
No information in this report could be verified by management at this time.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 02/07/1979
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 : ZAR GEM CORP.
Initial DOS Filing Date : JULY 02, 1979
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)
DIAMOND TRADE ASSOCIATION
Registered Agent: NONE
Managers/Key Personnel
Mr. Robert Zar President
OWNERS
Mr. Robert Zar % Majority
There are no known subsidiaries or affiliates.
BANKS
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NY
Telephone:
Facsimile:
Account Number:
Account Manager:
THE MERCHANTS BANK OF N.Y. was listed as a secured party on several occasions in public records, however, it was not confirmed by management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
FACTOR
06-11 00-00 VARIED 0 0
0 0 0
0 0
OFFC SUPPL 07-01 00-00 CREDIT 2000
0 0 0
0 0 0
PACKAGING
06-11 00-00 NET 30 0 0
0 0 0
0 0
GENERAL
05-02 98-05 NET 30 0 0
0 0 0
0 0 CUST 13 YR
LEASING
04-03 00-00 CONTRCT 1400
0 0 0
0 0 0
CUST 1 YR
CURRENT QUARTER 2000 0
0 0 0
0 0
FINANCIAL INFORMATION
Due to our inability to speak with Mr. Zar, we could not obtain financial statement information at this time. If we receive a response to our fax request, we will amend the report accordingly.
HISTORY
According to building management at the heading address, the
Company has been located at the heading address for more than one year. The Company is believed to have been
previously located at
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
The Company is a diamond and gem wholesaler.
The heading address is believed to be the sole location for the Subject.
PUBLIC RECORD
A search of public records revealed the following information, action against the Company and no bankruptcy petitions. We cannot determine the current status of the action against the Company.
Name Searched : ZAR GEM CORP.
Debtor Address : ZAR GEM CORP
ZAR GEM CORP.
Secured Parties : THE MERCHANTS BANK OF N.Y.
Filing Date : 1/26/2006
Filing Number : 0601265088352
Filing Type : CONTINUATION
Original Filing Number : 86060533
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Name Searched : ZAR GEM CORP.
Debtors : ZAR GEM CORP
Filing Date : 02/20/2001
Filing Number : 01PN07878
Filing Type : CONTINUATION
History : FILING FILING
DATE NUMBER FILING TYPE
01/14/1999 99PN02073 AMENDMENT
03/13/1996 96PN10702 CONTINUATION
11/21/1995 95PN49122 CONTINUATION
02/15/1991 91PN07026 CONTINUATION
01/04/1991 91PN00482 CONTINUATION
03/12/1986 86PN13240 INITIAL FILING
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Name Searched : ZAR GEM CORP.
Amount : $ 3,110
Attorney : SALAS SIMON
Creditor : NYC DEPARTMENT OF FINANCE
Debtors : ZAR GEM CORP
62 W 47 ST,
Docket Number : 001458140
Filing Date : 9/10/2001
Type : JUDGMENT
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Name Searched : ZAR GEM CORP.
Debtor Address : ZAR GEM CORP.
Secured Parties : THE MERCHANTS BANK OF N.Y.
Filing Date : 10/13/2000
Filing Number : 00198538
Filing Type : CONTINUATION
Original Filing Number : 86060533
GENERAL COMMENTS
The Subject, incorporated 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. |
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%)