MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GRK GEMS INC. |
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Registered Office : |
20 East 46th Street Suite 700, New York , New York 10017, United States |
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Country : |
United States |
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Date of Incorporation : |
20/09/1977 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Manufacturer and Wholesaler of diamond
and precious gemstones. |
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 : GRK GEMS INC.
Address : 20 EAST 46TH STREET SUITE 700
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10017
Country : UNITED STATES
Telephone : 212-867-3682
Facsimile : 212-867-4458
Legal Form : Corporation - Private
Website : www.grkgems.com
@rating Opinion :
Business Activity : The Company is a manufacturer and wholesaler of diamond and precious
gemstones.
Founded (D/M/Y) : / /1977
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Kedar Gupta, President. Mr. Gupta verified the legal name, address, fax number, and business activity before requesting a fax form to provide additional information.
An employment figure could not be learned at this time.
No other information in this report was confirmed by management.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 20/09/1977
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company incorporated in New York under the following registration:
Current Entity Name : GRK GEMS INC.
Initial DOS Filing Date : SEPTEMBER 20, 1977
County : NEW YORK
Jurisdiction : NEW YORK
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)
GRK GEMS INC.
1270 AVE OF THE AMERICAS
NEW YORK, NEW YORK, 10020
Registered Agent: NONE
Managers/Key Personnel
Mr. Kedar Gupta President
AFFILIATED ENTITIES
The Subject is affiliated with the companies:
Gupta Jewel Corporation Jaipur, India
Real Thai Gems Ltd. Bangkok, Thailand
Kowloon Trading Co. Hong Kong
Thai Fine Gems & Jewelry Ltd. Bangkok, Thailand
The Company has no known subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
A bank name could not be learned at this time. Public list THE
MERCHANTS BANK OF NEW YORK several times as a secured party, however, this bank could not be confirmed by management.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
BUS SERVCS 06-12 00-00 NET 30 100
100 100 0 0
0 0
OFFC SUPPL 06-11 06-09 NET 300
0 0 0
0 0 0 CUST 4 YR
TELECOM
06-12 00-00 NET 30 0 0 0 0 0
0 0
BANK CARD
06-12 06-12 NET 28 0 0 0 0 0
0 0
BUS SERVCS 05-04 05-04 NET 30 0
0 0 0
0 0 0
GENERAL
05-02 02-02 NET 30 0 0 0 0 0
0 0 CUST 11 YR
LEASING
05-01 05-01 NOTE 6400 5300
100 0 0 0
0
LEASING
06-06 00-00 CONTRCT 800
0 0 0
0 0 0 CUST 4 YR
PACKAGING
06-01 04-12 NET 30 200 100
100 0 0 0
0
CURRENT QUARTER 400
100 100 0 0
0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061200
0 5 0 100 100
0 0
0 0
20061100
0 5 0 200 100
0 0
0 0
20061000
0 5 0 500 100 0
0 0 0
20060900
0 5 0 100 100
0 0
0 0
20060800
0 6 0 100 100
0 0
0 0
20060700
0 6 0 100 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Fourth
2006 0 100 100 0 0 0
0
Third
2006 0 200 100 0 0 0
0
Second
2006 0 100 100 0 0 0
0
First
2006 0 200 100 0 0 0
0
Fourth
2005 3 100 83 17 0
0 0
FINANCIAL INFORMATION
Mr. Gupta declined to provide financial statement information over the phone. If we receive a response to our fax request, we will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 339911 Jewelry (except Costume) Manufacturing
SIC Code: 3911
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
Business Activity
The Company is a manufacturer and wholesaler of diamond and precious gemstones.
The heading address is believed to be the sole location for the Subject.
PUBLIC RECORD
A search of public records revealed the following information, and no bankruptcy petitions.
Name Searched : GRK GEMS INC.
Debtor Address : GRK GEMS, INC.
20 EAST 46TH STREET, NEW YORK, NY 10017
Secured Parties : THE MERCHANTS BANK OF NEW YORK, A DIVISION OF VALLEY
NATIONAL BANK, SUCCESSOR IN INTEREST TO THE MERCHANTS BANK
OF NEW Y
Filing Date : 11/29/2001
Filing Number : 01234078
Filing Type : AMENDMENT
Original Filing Number : 87052872
Name Searched : GRK GEMS INC.
Debtor Address : GRK GEMS, INC.
22 WEST 48TH STREET, NEW YORK, NY 10036
Secured Parties : THE MERCHANTS BANK OF NEW YORK, A DIVISION OF VALLEY
NATIONAL BANK, SUCCESSOR IN INTEREST TO THE MERCHANTS BANK
OF NEW Y
Filing Date : 10/5/2001
Filing Number : 01191251
Filing Type : AMENDMENT
Original Filing Number : 87052872
Name Searched : GRK GEMS INC.
Debtor Address : GRK GEMS, INC.
22 WEST 48TH STREET, NEW YORK, NY 10036
Secured Parties :THE MERCHANTS BANK OF NEW YORK, A DIVISION OF VALLEY
NATIONAL BANK, SUCCESSOR IN INTEREST TO THE MERCHANTS BANK
OF NEW Y
Filing Date : 10/5/2001
Filing Number : 01191251
Filing Type : CONTINUATION
Original Filing Number : 87052872
Name Searched : GRK GEMS INC.
Debtor Address : GRK GEMS INC
GRK GEMS INC.
20 EAST 46TH STREET, NEW YORK, NY 10017
GRK GEMS INC.
48 WEST 48TH ST., NEW YORK, NY 10036
Secured Parties : THE MERCHANTS BANK OF N.Y. VNB NEW YORK CO
Filing Date : 9/8/2006
Filing Number : 0609085873975
Filing Type : ASSIGNMENT
Original Filing Number : 87052872
Name Searched : GRK GEMS INC.
Debtor Address : GRK GEMS INC
GRK GEMS INC.
20 EAST 46TH STREET, NEW YORK, NY 10017
GRK GEMS INC.
20 EAST 46TH STREET, NEW YORK, NY 10017
GRK GEMS INC.
48 WEST 48TH ST., NEW YORK, NY 10036
Secured Parties : THE MERCHANTS BANK OF N.Y. VNB NEW YORK CO
Filing Date : 9/8/2006
Filing Number : 0609085874662
Filing Type : CONTINUATION
Original Filing Number : 87052872
GENERAL COMMENTS
The Subject, founded in New York in 1977, is engaged as a manufacturer and wholesaler of diamonds and precious gem stones. The payment record is limited, however, generally satisfactory and the operating history is clear. No derogatory information or bankruptcy petitions were reported or noted. The Company is 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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