MIRA
INFORM REPORT
|
Report
Date : |
2nd
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
DOW GEMS INC. |
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|
|
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Registered
Office : |
7 East, 47th Street, 6th Floor, New
York 10017, U.S.A. |
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Date
of Incorporation : |
11.09.1980 |
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|
|
|
Legal
Form : |
Corporation –
Private |
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|
|
|
Line
of Business : |
Engaged as a
retailer of jewelry. |
RATING & COMMENTS
|
MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
Status
: |
Satisfactory
|
|
|
|
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Payment
Behaviour : |
Regular |
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|
|
|
Litigation
: |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
|
Company Name |
DOW GEMS INC. |
|
Address |
7 EAST 47TH STREET,
6TH FLOOR |
|
City |
NEW YORK |
|
State/Province |
NEW YORK |
|
Zip Code |
10017 |
|
Country |
UNITED STATES |
|
Telephone |
212 755-3232 |
|
Facsimile |
212 755-2885 |
|
Legal Form |
Corporation -
Private |
|
As of |
- |
|
Sales / Revenue |
- |
|
Net Income |
- |
|
Total Equity |
- |
|
Website |
N/A |
|
Business Activity |
Subject is engaged
as a retailer of jewelry. |
NOTE
TO CLIENT
Contacted
Mr. Basant Johari, Owner.
Mr.
Basant confirmed that he received the fax that was sent to him. He stated that
they are a private company and declined to provide any further details on the
company's operations.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
11/09/1980
State/Province
of Incorporation: NY
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Legal
Name : DOW GEMS INC.
Filing
Date : SEPTEMBER 11, 1980
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type : DOMESTIC BUSINESS
CORPORATION
Status : ACTIVE
Selected
Entity Address Information DOS Process (Address to which DOS will mail process
if accepted on behalf of the entity)
DOW
GEMS INC.
SUITE
1608 580 5TH AVE
NEW
YORK, NEW YORK, 10036
Registered
Agent: NONE
Managers/Key
Personnel
Mr.
Basant Johari Owner
AFFILIATED
ENTITIES
Affiliated
companies, if any, could not be learned either directly from management or from
outside sources.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
company would not provide their bank information when contacted. However, Bank of India was mentioned as a secured
party for financing.
PAYMENT
HISTORY
The
Subject is not a large seeker of local trade credit as a significant payment
record could not be developed.
FINANCIAL
INFORMATION
Mr.
Johari declined to provide any financial details. Outside sources failed to add
any insight into the condition of the Firm.
CURRENT
OPERATIONS
NAICS
Code : 44831 Jewelry Stores
SIC
Code : 5944
Business
Activity:
Subject
is engaged as a retailer of jewelry.
The
products include; watches, rings, nacklaces, bracelets and pendants and other
related items constructed from diamonds, gold, silver, pearls, and other gem
stones. Sales are to the general public in the greater New York area.
Above
address is sole location and headquarters of Firm.
TRADE
REFERENCES
Management
declined to provide any trade references.
PUBLIC
RECORD
Name
Searched: DOW GEMS
Debtor
Address: DOW GEMS INC.
Secured
Parties: BANK OF INDIA
Filing
Date: 4/17/2002
Filing
Number: 02088732
Filing
Type: CONTINUATION
Filing
Number: 87285973
--------------------------------------------------------------------------------
No
tax liens, or legal actions were reported against the Firm.
A
nationwide search of bankruptcy courts showed no filings under the name Dow
Gems Inc. as of March 14, 2006.
GENERAL
COMMENTS
Dow
Gems Inc. incorporated in 1980, engaged as a retailer of jewelry. The Company
does not appear to be a seeker of local trade credit as a payment record could not be developed and supplier
references could not be obtained. The operating history appears clear and no
derogatory information was reported or noted.
RATING EXPLANATIONS
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |