MIRA
INFORM REPORT
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Report Date : |
15.01.2007 |
IDENTIFICATION DETAILS
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Name : |
GEMS INTERNATIONAL OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
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Legal Form : |
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Line of Business : |
Importing and wholesaling of gems,
diamonds, and related products. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : GEMS INTERNATIONAL OF
Address :
City : LOS ANGELES
State/Province :
Zip Code : 90013
Country : UNITED STATES
Telephone : 213 623-5370
Facsimile : 213 623-8737
Legal Form :
As of :
Sales / Revenue :
Net Income :
Total Equity :
Website : No Web Site
Business Activity :
IMPERATIVES
REGARDING A REQUEST FOR GERM INTERNATIONAL
OF
Attempts to learn about the Subject were not successful. We found no trade name or corporate registrations that could be tied to the Subject. Numerous trade and corporate registrations were found under similar names. The Subject may be a sole proprietor with no registration, however this could not be confirmed.
The following listing was found through an outside source:
GEMS INTERNATIONAL OF
LOS ANGELES CA 90013
Phone: 213-623-5370
Fax: 213-623-8737
Tanzanite, Emerald, Ruby, Sapphire, Tourmaline And Diamond In All Sizes And Shapes. Also Pearls-Loose And Strands.
The Subject is reported to be engaged in the importing and wholesaling of gems, diamonds, and related products.
This phone number was contacted and
confirmed to be that of Gems International of California. We spoke with Mr.
Daggar (spelling not confirmed) who declined to confirm or provide any
information on the Subject. We explained that this request originates from
Outside sources such as: telephone directories, information services, internet search engines, and others could not offer any further information on the Subject's operational or financial condition. While we have confirm that they are an active business entity, we have no solid information on their condition. We found no public record filings in the Subject's name, including bankruptcy or other such derogatory filings. The following payment history was found for the Subject at the heading address:
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 06-10 00-00 NET 30 0
0 0 0 0 0
0 CUST 3 YR
AIR TRANS
06-08 06-08 0000000 100
100 100 0 0
0 0 CUST 24 YR
BANK
06-10 06-08 CONTRCT 100100
0 0 0
0 0 0
COMPUTERS
06-11 06-04 CREDIT 15000 0
0 0 0
0 0
PACKAGING
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
2 YR
BUS SERVCS 06-03 06-03 NET 30 0
0 0 0
0 0 0
GENERAL
05-02 04-09 NET 30 500 0
0 0 0
0 0 CUST 7 YR
CURRENT QUARTER 115200 100
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20061100
0 5 0 100 100 0
0 0 0
20061000
0 5 0 100 100 0
0 0 0
20060900
0 5 0 200 100 0
0 0 0
20060800 0
6 0 0 0
0 0 0 0
20060700
0 6 0 1000 100 0
0 0 0
20060600
0 5 0 1000 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Third
2006 0 0 0
0 0 0 0
Second
2006 0 33800 100 0
0 0 0
First
2006 0 35400 100 0
0 0 0
Fourth
2005 0 36100 100 0
0 0 0
Third
2005 0 38500 100 0 0
0 0
In the absence of a reply from mangement our research has reached an impasse.
In our recent attempts to learn about the Company Mr. Daggar was reported to be out of the country until next week. A faxed request for information was sent to Mr. Sunil Jain, Vice President, however as of this writing we have not received any reply. Mr. Daggar was found to be the President of the Company according to a receptionist.
LEGAL
Legal Form:
Previous Legal Form:
Company is NOT required to publish an annual financial report.
FINANCIAL INFORMATION
Financial information was not immediately available.
CURRENT OPERATIONS
NAICS Code: 99 Unclassified Establishments
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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