MIRA
INFORM REPORT
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Report Date : |
13th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
THAI GEMS, INC. |
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Registered Office : |
2 West 46th Street Suite 1008, New York, New York 10036, United States |
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Country : |
United States |
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Date of Incorporation : |
10/09/1998 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Wholesaler of jewellery. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
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IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : THAI GEMS, INC.
Address : 2 WEST 46TH STREET SUITE 1008
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212-944-9441
Facsimile : 212-944-9868
Legal Form : Corporation - Private
Website : No website.
@rating Opinion :
Business Activity : The Company is engaged as a wholesaler of jewelry.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 3
NOTE TO CLIENT
Ms. Bhumi Patel, Administrator, provided the following information contained in this report.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 10/09/1998
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated in New York State:
THAI GEMS, INC.
Initial DOS Filing Date : SEPTEMBER 10, 1998
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)
THAI GEMS, INC.
2 WEST 46TH ST
SUITE 1008
NEW YORK, NEW YORK, 10036
Chairman
or Chief Executive Officer
SANJEEV JAIN
2 WEST 46TH ST
SUITE 1008
NEW YORK, NEW YORK, 10036
Principal
Executive Office
THAI GEMS, INC.
2 WEST 46TH ST
SUITE 1008
NEW YORK, NEW YORK, 10036
Registered
Agent
NONE
Managers/Key Personnel
Mr. Sanjeev Jain President
Ms. Bhumi Patel Administrator
AFFILIATED ENTITIES
Management reports no affiliates or subsidiaries.
BANKS
First International Bank of Israel
NY
Telephone:
Facsimile:
Account Number: 248-134988
Account Manager:
Management declined to confirm the above bank as the Company's primary bank. As such, we could not obtain a signed authorization required to obtain a reference from the above bank.
PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant payment record could not be developed.
FINANCIAL INFORMATION
Management declined to provide any financial information. Outside sources indicate an annual net sales figure of US$150,000.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Number of Employees: 3
Business Activity
The Company is engaged as a wholesaler of jewellery.
The headquarters are at the heading address. No branch locations or divisions were reported.
TRADE REFERENCES
Management declined to provide trade reference information.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Incorporated in 1998, the Subject has been engaged as an established wholesaler of jewelry. No payment records were found and a search of public records and bankruptcy courts revealed no derogatory information or record of the Company filing a bankruptcy petition.
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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