MIRA
INFORM REPORT
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Report Date : |
1st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
A-ONE GEMS INC. |
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Registered Office : |
62 West 47th Street Suite 903, New York, New York 10036, United States |
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Country : |
United States |
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Date of Incorporation : |
16.08.1991 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of fine 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 : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : A-ONE GEMS INC.
Address : 62 WEST 47TH STREET SUITE 903
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 391-2474
Facsimile : 212 391-2478
Legal Form : Corporation - Private
Website : www.a1gems.com
@rating Opinion :
Business Activity : The Firm is a wholesaler of fine jewellery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Nilesh Patel, President.
Mr. Patel declined to provide any information, therefore the details in this report could not be confirmed.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 16/08/1991
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in New York under the following:
Current Entity Name : A-ONE GEMS, INC.
Initial DOS Filing Date : AUGUST 16, 1991
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process
NILESH PATEL
10 WEST 46TH STREET SUITE 1305
NEW YORK, NEW YORK, 10036
Principal
Executive Office
NILESH PATEL
10 WEST 46TH STREET SUITE 1305
NEW YORK, NEW YORK, 10036
Registered Agent: NONE
Managers/Key Personnel
Mr. Nilesh Patel President
AFFILIATED ENTITIES
There are no affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Firm's primary bank and outside sources provided no additional information.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-12 06-12 0000000 37200
37200 76 24
0 0 0 CUST 7 YR
BUS SERVCS 07-01 00-00 NET 7 500
400 100 0 0
0 0
PACKAGING
06-11 00-00 NET 30 0 0 0 0 0
0 0
BUS SERVCS 06-06 06-06 NET 30 0
0 0 0
0 0 0
CELLUL/PAG 05-01 04-12 NET 30 500
0 0 0
0 0 0 CUST 3 YR
CELLUL/PAG 05-06 05-05 NET 30 600
0 0 0
0 0 0 CUST 4 YR
FINCL SVCS 04-05 04-02 CONTRCT 0 0 0 0 0
0 0 SATSFTRY
GENERAL
05-02 03-05 NET 30 0 0 0 0 0
0 0 CUST 6 YR
LEASING
04-05 00-00 CONTRCT 3300
0 0 0 0
0 0 CUST 1 YR
TELECOM
05-06 00-00 NET 30 0 0 0 0 0
0 0
CURRENT QUARTER 37700
37600 76 24
0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070100
0 5 4 37400 76 24
0 0 0
20061200
0 5 3 19900 83 16 1
0
0
20061100
0 5 3 16600 80 20
0 0 0
20061000
0 5 3 17100 80 20
0 0 0
20060900
0 5 5 16000 69 31
0 0 0
20060800
0 6 3 12500 77 23
0 0 0
Payment History - Quarterly
Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
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Fourth
2006 3 24600 79 21 0
0 0
Third
2006 4 15100 75 25 0
0 0
Second
2006 3 15500 79 21 0
0 0
First
2006 3 11800 77 23
0 0 0
Fourth
2005 0 200 100 0 0 0
0
FINANCIAL INFORMATION
Mr. Patel declined to provide financial statements or annual sales, therefore the Firm's condition could not be evaluated. A written inquiry was sent via fax, if he responds the report will be updated at that time.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
The Firm is a wholesaler of fine jewellery.
The Firm offers a wide variety of precious stones, and specializes in loose diamonds. The Firm offers various shapes of diamonds including: round, Marquise, Pear, Oval, Emerald, Heart, Princess, Tapered & Baguettes, Trillion, and Kite.
The Firm also provides promotional and specially customed jewelry including: earrings, pendants, necklaces, rings and bracelets.
The provided address is believed to be the Firm's sole location.
PUBLIC RECORD
No Uniform Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established wholesaler of fine 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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