MIRA
INFORM REPORT
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Report Date : |
1st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GEM WAVE INC. |
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Registered Office : |
2 West 46th Street Suite 1502, New York, New York 10036 , United States |
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Country : |
United States |
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Date of Incorporation : |
25/08/1995 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of loose diamonds. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : GEM WAVE INC.
Address : 2 WEST 46TH STREET SUITE 1502
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 768-3200
Facsimile : 212 768-3322
Legal Form : Corporation - Private
Website : www.gemwave.com
@rating Opinion :
Business Activity : The Firm engages as a wholesaler of loose diamonds.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Paresh Jain, President.
Mr. Jain provided very general information noted in this report.
NOTE: Mr. Jain declined to provide employee numbers and outside source provided no additional details.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 25/08/1995
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 registration:
Current Entity Name : GEM WAVE INC.
Initial DOS Filing Date : AUGUST 25, 1995
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process
GEM WAVE INC.
2 W 46TH ST
NEW YORK, NEW YORK, 10036-4502
Principal
Executive Office
GEM WAVE INC.
2 W 46TH ST RM 1502
NEW YORK, NEW YORK, 10036-4502
Registered Agent: NONE
Managers/Key Personnel
Mr. Paresh Jain President
AFFILIATED ENTITIES
No affiliated or subsidiary companies, if any, could be learn from management or outside sources.
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
The Firm is not a large seeker of local trade credit as such a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Jain declined to provide financial details, including financial statements or gross annual sales. Therefore the Firm's financial condition could not be evaluated at this time.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
The Firm engages as a wholesaler of loose diamonds.
The Firm wholesales loose diamonds and diamond studded jewelry. The Firm's jewelry include: earings, rings, bracelets, and pendants. The Firm also offers casted jewelry services for selected clients.
The provided location is believed to be the sole location of the Firm.
TRADE REFERENCES
No trade references could be obtained from the Firm.
PUBLIC RECORD
No judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established wholesaler of loose diamonds and diamond studded 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 business transactions.
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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