MIRA
INFORM REPORT
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Report Date : |
24.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL
GEMCO (NY) INC. |
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Registered Office : |
56
West 45 Street 5th Floor, |
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Country : |
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Date of Incorporation : |
09/04/1996 |
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Legal Form : |
Corporation
– Private |
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Line of Business : |
Wholesaler
and manufacturer 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 : ORIENTAL GEMCO (NY) INC.
Address : 56 WEST 45 STREET 5TH
FLOOR
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 391 5801
Facsimile : 212 391 5803
As of :
Sales /
Revenue :
Net
Income :
Total
Equity :
Legal
Form : Corporation -
Private
Website : www.orientalgemco.com
Maj.
Shareholder : MR. NARENDRA
KUMAR NIGAM
Business
Activity : ORIENTAL GEMCO (NY)
INC. is engaged as a wholesaler and manufacturer
of
Jewelry.
NOTE TO CLIENT
A
company representative who declined to provided her name provided very general
information for this report. A written request for additional information has
been faxed to the subject company. If a response is received this report will
be updated immediately.
REQUESTED
NAME : ORIENTAL GEMCO(NY)
LEGAL
NAME : ORIENTAL GEMCO (NY)
INC.
NOTE :
An employee count was declined.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
09/04/1996
State/Province
of Incorporation : NY
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Current
Entity Name : ORIENTAL GEMCO (NY)
INC.
Initial
DOS Filing Date : APRIL 09, 1996
County :
Jurisdiction :
Entity
Type : DOMESTIC
BUSINESS CORPORATION
Entity
Status : ACTIVE
Selected
Entity Address Information DOS Process (Address to which DOS will mail process
if accepted on behalf of the entity)
MR.
NARENDRA KUMAR NIGAM
Registered Agent
NONE
Managers/Key
Personnel
MR.
NARENDRA KUMAR NIGAM
President
OWNERS
MR.
NARENDRA KUMAR NIGAM
% Majority
AFFILIATED ENTITIES
There
are no known subsidiaries, divisions or parent companies, however the following
affiliated companies were found:
----------------------------------------------------------------------
Oriental
Gemco HK CO.
Unit
1206 B, 12/F,
Tel. :
+852 2766 2980, Fax : +852 2766 2981
e-mail :
hk@orientalgemco.com
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Oriental
Gemco Pvt. Ltd.
13,
Chetak Marg, Near
Teen
Tel. :
91-141-2613454, Fax : 91-22-23851749
e-mail
:jkee@orientalgemco.com
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Oriental
Gemco Pvt. Ltd.
457,
Office
No.6, Prarthna Samaj, Mumbai -04
Tel.:91-22-23851749
Fax:91-22-23673144
BANKS
CITIBANK,
N.A.
Telephone:
Facsimile:
Account
Number:
Account
Manager:
Listed
as a secured party. Requires an account number which could not be obtained at
the time of this report.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-10 06-10 0000000 2100
300 100 0 0
0 0 CUST
1 YR
OFFC SUPPL 07-01 00-00 CREDIT 1000
0 0 0
0 0 0
PACKAGING
06-11 00-00 NET 30 300 0
0 0 0
0 0 CUST
5 YR
BUS SERVCS 04-09 04-08 NET 30 0
0 0
0 0 0 0
CURRENT QUARTER 3400 300
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070100
0 6 0 300 100 0
0 0 0
20061200
0 6 0 300 100 0
0 0 0
20061100
0 6 0 400 100 0
0 0 0
20061000
0 6 0 2100 100 0
0 0 0
20060900
0 5 0 0 0
0 0 0 0
20060800
0 8 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1-
31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Fourth
2006 0 300 100 0
0 0 0
Third
2006 0 0 0
0 0 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
FINANCIAL INFORMATION
No
financial figures regarding the subject company could be obtained directly from
management or from outside sources at the time of this report.
CURRENT OPERATIONS
NAICS
Code: 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code: 5094
NAICS
Code: 339911 Jewelry (except Costume) Manufacturing
Business Activity:
ORIENTAL
GEMCO (NY) INC. is engaged as a wholesaler and manufacturer of Jewelry.
The
heading address is the headquarters and sole location for the subject company.
The location is 6000 sq. ft.
PUBLIC RECORD
No
liens, judgments or bankruptcy filings were found.
Filing
Number: 509145812346
Filing
Date: 09/14/2005
Expiration
Date: 09/14/2005
Filing
Type: ORIGINAL
Filing
Office: SECRETARY OF STATE/UCC DIVISION
DEBTOR
INFORMATION
Debtor(s): ORIENTAL GEMCO (NY) INC.
SECURED
PARTY OR CREDITOR INFORMATION
Secured
Party(s): CITIBANK, N.A.
C/O
CITIBANK (WEST), FSB.
COLLATERAL
INFORMATION
Collateral
Type: ALL FIXTURES
Collateral
Type: ALL ACCOUNT(S)
Collateral
Type: ALL INVENTORY
Collateral
Type: ALL EQUIPMENT
Collateral
Type: ALL COMPUTER EQUIPMENT
Collateral
Type: ALL CHATTEL PAPER
Collateral
Type: ALL NEGOTIABLE INSTRUMENTS
Collateral
Type: ALL GENERAL INTANGIBLE(S)
GENERAL COMMENTS
ORIENTAL
GEMCO (NY) INC. is well established with operations dating from 1996. Payments
are generally made on time and the operation history is clear. The subject is
considered to be responsible for normal business transactions at this time.
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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