MIRA
INFORM REPORT
|
Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GRK
GEMS INC. |
|
|
|
|
Registered Office : |
20
East 46th Street Suite 700, New York, 10017 |
|
|
|
|
Country : |
United
States |
|
|
|
|
Date of Incorporation : |
1977 |
|
|
|
|
Legal Form : |
Corporation
– Private |
|
|
|
|
Line of Business : |
Manufacturer
and wholesaler of diamond and precious gemstones. |
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
|
|
|
|
|
Payment Behaviour : |
Usually
correct |
|
|
|
|
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
Founded
(D/M/Y) : / /1977
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Business
Activity : The Company is a manufacturer and
wholesaler of diamond and
Precious
gemstones.
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
|
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|