MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASIAN
GEMS, INC. |
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Registered Office : |
29
East Mansion Street 18th Floor, Chicago, Illinois 60602 |
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Country : |
United
States |
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Date of Incorporation : |
18/12/2002 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesaler
of jewelry. |
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 : ASIAN GEMS, INC.
Address : 29 EAST MANSION STREET
18TH FLOOR
City : CHICAGO
State/Province : ILLINOIS
Zip Code : 60602
Country : UNITED STATES
Telephone : 312-984-0997
Facsimile : N/A
Legal
Form : Corporation -
Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 2
Website : N/A
Business
Activity : The Company is
engaged as a wholesaler of jewelry.
NOTE TO CLIENT
Mr. Duke
Khandwala, President, declined to provide any information regarding the
Subject. Thus, general information contained in this report cannot be
substantiated.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 18/12/2002
State/Province
of Incorporation : IL
Status : ACTIVE
Previous
Legal Form :
Company
is NOT required to publish an annual financial report.
The
Company is incorporated in the state of Illinois:
Entity
Name ASIAN GEMS, INC.
File
Number 62540559
Status
NOT GOOD STANDING
Entity
Type CORPORATION
Type of
Corp DOMESTIC BCA
Incorporation
Date (Domestic) 12/18/2002 State
ILLINOIS
Agent
Name MUKESH DESAI
Agent
Street Address 981 W WISE RD STE 216
Agent
City SCHAUMBURG
Agent
Zip 60193
***Please note that it is not uncommon, nor necessarily
detrimental to find an incorporation status as not in good standing. This term
may result from a failure to send updated information to the Offices of the
Secretary of State, or taxes that have not been brought to current. The company
may have outsourced these responsibilities and may not be aware of the
situation. A company can, most certainly, still operate under these conditions. The
status can be easily reinstated to in good standing once the problem is
remedied.********
Managers/Key
Personnel
Mr. Duke
Khandwala, President
AFFILIATED ENTITIES
As far
as could be determined, there are no affiliates or subsidiaries.
BANKS
IL
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Management
declined to provide any bank information.
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$260,000.
CURRENT OPERATIONS
NAICS
Code : 44831 Jewelry Stores
SIC
Code : 5944
Number
of Employees: 2
Business Activity:
The
Company is engaged as a wholesaler of jewelry.
As far as could be determined, there are no branch locations or
divisions. The heading address is the Company's headquarters and sole location
where it oversees day-to-day operations. We could not determine if the building
is owned or leased nor the square footage of the space.
TRADE REFERENCES
Management
declined to provide any trade references.
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 2002, the Subject is engaged as a wholesaler of jewelry. Payment records are
considered to be generally satisfactory and a search of public records and
bankruptcy courts returned 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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