MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
APEX
GEMS INC. |
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Registered Office : |
576 5th Avenue Suite 1000, New York 10036 |
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Country : |
United States |
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Date of Incorporation : |
02.02.1994 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as a wholesaler of diamonds and
jewellery. |
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 : APEX GEMS INC.
Address : 576 5TH AVENUE SUITE 1000
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 302-4813
Facsimile : 212 302-0623
Legal Form : Corporation - Private
Website : No website
Business Activity : The Subject is engaged as a wholesaler of diamonds and jewellery.
As of :
Sales / Revenue :
Net Income :
Total Equity :
Number of Employees : 7
NOTE TO CLIENT
Person contacted: Mr. Danesh Shah, Office Manager.
Mr. Danesh Shah provided and confirmed general business information about the Company. He declined to provide detailed banking or financial information.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 02/02/1994
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company is incorporated is in the State of New York.
Selected Entity Name : APEX GEMS INC.
Current Entity Name : APEX GEMS INC.
Initial DOS Filing Date : FEBRUARY 02, 1994
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Principal Executive Office
PRAVIN SHAH
576 FIFTH AVE
NEW YORK, NEW YORK, 10036
Registered Agent
NONE
Managers/Key Personnel
MR. PRAVIN SHAH President
MR. DANESH SHAH Office Manager
AFFILIATED ENTITIES
Affiliate
APEX JEWELRY INC.
The subject has no subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide banking information.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
AIR TRANS
06-11 06-10 0000000 900 900 47
53 0 0 0 CUST 12 YR
BANK
06-11 06-10 CONTRCT 100000
0 0 0
0 0 0 CUST 9 YR
COMPUTERS
06-12 06-11 CREDIT 6000 100
100 0 0 0
0
OFFC SUPPL 06-10 06-08 NET 30 300
300 0 100 0
0 0
GENERAL
05-02 04-07 NET 30 100 0
0 0 0 0 0
CUST 10 YR
LEASING
06-06 00-00 CONTRCT 1600
0 0 0
0 0 0
CURRENT QUARTER 107200
1300 39 61
0 0 0
Payment Trends
INDUSTRY
BUSINESS BALANCE CUR 1-
31- 61-
DATE CUR DBT
DBT $ %
30 60 90 91+
-------- --- ---
--- -------- --- --- ---
--- ---
20061200
0 5 7 1600 52 48
0 0 0
20061100
0 5 3 1200 77 23
0 0 0
20061000
0 5 1 1000 97 0
3 0 0
20060900
0 5 2 600 95 0
5 0 0
20060800
0 6 17 600 23 60
17 0 0
20060700
0 6 17 600 23 60
17 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER YEAR DBT $ % 30
60 90 91+
-------- ------
--- -------- --- --- ---
--- ---
Third
2006 8 500 66 24 10
0 0
Second
2006 0 0 0 0 0
0 0
First
2006 0 0 0 0
0 0 0
Fourth
2005 0 0 0 0 0
0 0
Third
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
Management declined to provide detailed financial information about the company.
CURRENT OPERATIONS
NAICS Code: 42 Wholesale Trade
Number of Employees: 7
Business Activity
The Subject is engaged as a wholesaler of diamonds and jewellery.
The Company sells diamonds and jewellery at the wholesale level to jewellery makers and other related businesses.
There are no branch locations at this time.
PUBLIC RECORD
The following UCC and civil filings were found :
Name Searched : APEX GEMS INC.
Amount : $ 69.24
Attorney For Creditor : SALAS, SIMON
25 ELM PLACE, BROOKLYN NY 11202-0000
Creditor: NYC DEPARTMENT OF FINANCE
25 ELM PLACE, BROOKLYN NY 11201-0000
Debtors : APEX GEMS INC
576 5TH AVE, NEW YORK NY 10036-4807
Docket Date : 08/24/1998
Docket Type : NY CITY TAX WARRANT
Lien Type : JUDGMENTS DOCKET
Transaction Number : 31001119645
Name Searched : APEX GEMS INC.
Debtor Address : APEX GEMS, INC.
576 5TH AVENUE #503, NEW YORK, NY 10036
Secured Parties : FLEET BANK
Filing Date : 8/31/2006
Filing Number : 0608315857776
Filing Type : CONTINUATION
Original Filing Number : 97014590
A search of bankruptcy courts revealed no record of the Subject filing for bankruptcy.
GENERAL COMMENTS
The Subject is a well established diamond and jewellery wholesaler. The payment history shows the Company has been efficient with its payments. Legal indicate no substantial negative litigation taken against the Subject. Thus, they are considered to be capable of handling 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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