MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
INDIA
GEMS INTERNATIONAL, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24/08/1988 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
Wholesaler
of precious stones. |
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 : |
Unknown
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Litigation : |
Exist |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company
Name : INDIA GEMS INTERNATIONAL, INC.
Address :
City :
State/Province :
Zip Code : 33132
Country : UNITED STATES
Telephone : 305 374-5137
Facsimile : 305 374-2009
Legal
Form : Corporation -
Private
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 10
Website : N/A
Business
Activity : The Firm is a
wholesaler of precious stones.
NOTE TO CLIENT
Person
Contacted: Mrs. Elvira Makhija, Vice President.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
24/08/1988
State/Province
of Incorporation : FL
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The Firm
is incorporated in
PRINCIPAL
ADDRESS:
Changed: 01/15/1998
MAILING
ADDRESS: MALIK
MAKHIJA
36 NE 1 ST STE 302,
Changed: 05/01/1993
Document
Number: M95702
FEI
Number: 650110399
Date
Filed: 08/24/1988
State:
Status: ACTIVE
Effective
Date: NONE
Registered
Agent
Name
& Address: MAKHIJA, MALIK
Address
Changed: 03/02/1994
Managers/Key
Personnel
Mr.
Malik Makhija
President
Mrs.
Elvira Makhija Vice
President
AFFILIATED ENTITIES
There
are no affiliates or subsidiaries at this time.
BANKS
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Management
declined to provide the name of the Firm's primary bank and outside sources
provided no additional information.
PAYMENT HISTORY
The Firm
is not a large seeker of local trade credit as such a payment record could not
be developed.
FINANCIAL INFORMATION
Mrs.
Makhija declined to provide financial statements, therefore the Firm's
condition could not be evaluated. A written inquiry was sent via fax, if she
responds the report will be updated at that time. However, she did state that
the Firm has annual sales in the US$1-6 million range.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code: 5094
Number
of Employees: 10
Business
Activity:
The Firm
is a wholesaler of precious stones.
The Firm
imports from
The
heading address is the Firm's sole location and consists of 5,000 square feet
of leased office space.
PUBLIC RECORD
Name
Searched:
Case
Number: 2002007339CC26
Case
Type: CONTRACT & INDEBTEDNESS
Defendant:
INDIA GEMS INTERNATIONAL INC
Filing
Date: 9/13/2002
Filing
Type: CIVIL PROCEDURE
Plaintiff:
C D EXPORTS INC
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No
bankruptcy petitions were traced to the Firm, however there is a legal action filed
against the Firm in public. The status is uncertain as no further information
is currently available.
GENERAL COMMENTS
The Firm
is a well established wholesaler of precious stones. The Firm is not a large
seeker of local trade credit as such a payment record could not be developed.
No bankruptcy petitions were traced to the Firm, however there is a legal
action filed against the Firm in public records. The status is uncertain as no
further information is currently available. The Firm is considered responsible
for normal trade relations.
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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