MIRA
INFORM REPORT
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Report Date : |
15.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRITI
GEMS |
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Registered Office : |
19
West 44th Street Suite 300, New York 10036 |
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Country : |
United
States |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Wholesaler
of loose diamonds and fashion 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
Concern |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name : PRITI GEMS
Address : 19 WEST 44TH STREET
SUITE 300
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 944-1200
Facsimile : 212 221-5955
Founded
(D/M/Y) : / /1993
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 3
Legal
Form : Sole
Proprietorship
Website : No website
Business
Activity : The Subject is a
wholesaler of loose diamonds and fashion jewelry.
NOTE TO CLIENT
Contacted
person; Mr. Prem Shah, Marketing
Manager.
He
stated the Company is a Sole proprietorship. The Company was formerly known as
PRITI GEMS CORP. which was dissolved on 9/29/2006. Mr. Shah provided and
confirmed general business information about the Company. He was unable to
provide detailed banking or financial information over the phone. We faxed a
written request. If we receive a response, an update will be provided.
LEGAL
Legal
Form : Sole
Proprietorship
Since
(D/M/Y) :
29/09/2006
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form : Corporation
- Private
Company
is NOT required to publish an annual financial report.
Managers/Key Personnel
MR. AMI
SHAH President
Mr. Prem
Shah Marketing Director
AFFILIATED ENTITIES
The
Company has no affiliates or subsidiaries.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
We sent
a fax requesting banking information.
If we
receive a response update will be provided.
PAYMENT HISTORY
No
payment history found.
FINANCIAL INFORMATION
We sent
a fax requesting financial information.
If we receive a response, an update will be provided.
HISTORY
The
Company was previously incorporated, then on 9/29/2006 it was dissolved and
currently it operates as a Sole Proprietorship.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC
Code: 5094
Number
of Employees: 3
Business Activity:
The
Subject is a wholesaler of loose diamonds and fashion jewelry.
The
heading address is the headquarters and sole location of the Subject.
PUBLIC RECORD
No
liens, judgments or bankruptcy filings were found.
GENERAL COMMENTS
The
Subject is a well established wholesaler of loose diamonds and fashion jewelry.
We could not find a payment history for the Company. Legal indicate no negative
litigation taken against the Subject. Thus, we are unable to determine if the
Subject is 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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