MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
MADHAV GEMS INC. |
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Registered Office : |
2 West 46th Street Suite #1507, New York 10036 |
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Country : |
United States |
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Date of Incorporation : |
11/06/1999 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Wholesaler and retailer of fine 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 : MADHAV GEMS INC.
Address : 2 WEST 46TH STREET SUITE #1507
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 398-2400
Facsimile : 212 398-7009
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 4
Legal Form : Corporation - Private
Website : N/A
Business Activity : The Firm is a wholesaler and retailer of fine jewelry.
NOTE TO CLIENT
Person Contacted: Mr. Kamlesh Patel, President and Chief Executive Officer.
Mr. Patel only provided very general information, therefore the details in this report could not be confirmed.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 11/06/1999
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:
Entity Name: MADHAV GEMS INC.
Initial DOS Filing Date: JUNE 11, 1999
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC BUSINESS CORPORATION
Current Entity Status: ACTIVE
Selected Entity Address Information DOS Process
MADHAV GEMS INC.
2 WEST 46TH STREET SUITE 1507
NEW YORK, NEW YORK, 10036
Principal Executive Office
MADHAV GEMS INC.
2 WEST 46TH STREET SUITE 1507
NEW YORK, NEW YORK, 10036
Registered Agent: NONE
Managers/Key
Personnel
Mr. Kamlesh Patel President & Chief Executive Officer
AFFILIATED ENTITIES
There are no known 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. HSBC BANK was mentioned as a secured party for financing.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit as such a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Patel declined 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
Number of Employees: 4
Business Activity:
The Firm is a wholesaler and retailer of fine jewelry.
The Firm offers a wide variety of fine jewelry such as: pendants, bracelets, rings, necklaces, earrings and anklets. The offers its' jewelry in gold, silver, white gold and platinum. The Firm also carries diamonds, pearls, onyx, rubies and emeralds.
The heading address is the Firm's sole location.
TRADE REFERENCES
No trade references could be obtained from the Firm.
PUBLIC RECORD
Name Searched: MADHAV GEMS
Debtor Address: MADHAV GEMS INC.
2 WEST 46TH STREET SUITE 1507
NEW YORK, NY 10036
Secured Parties: HSBC BANK USA, NATIONAL ASSOCIATION
Filing Date: 8/27/2004
Filing Number: 0408275726334
Filing Type: INITIAL FILING
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No judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established wholesaler and retailer of fine jewelry. The Firm is not a large seeker of local trade credit as such a payment record could not be developed. No judgements, 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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