MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SHAMA
GEMS, INC. |
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Registered Office : |
15 West 47th Street Suite 905, New
York 10036, United States |
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Country : |
United States |
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Date of Incorporation : |
27.08.1990 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
The Firm is an importer and manufacturer of fine
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 : |
Usually
Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : SHAMA GEMS,
INC.
Trade
Name(s) : Gem
International
Address : 15 WEST 47TH
STREET SUITE 905
City : NEW
YORK
State/Province : NEW YORK
Zip
Code :
10036
Country : UNITED
STATES
Telephone : 212 840-2111
Facsimile : 212 819-1400
Legal
Form :
Corporation - Private
Website :
www.gemintl.com
@rating
Opinion :
Business
Activity : The Firm is
an importer and manufacturer of fine jewelry.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
Number
of Employees : 15
NOTE TO CLIENT
Person
Contacted: Mr. Parag Shah, Vice President.
Mr.
Shah provided very general information, therefore the details in this report
could not be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) : 27/08/1990
State/Province
of Incorporation : NY
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
The
Firm is incorporated in New York under the following:
Current
Entity Name : SHAMA GEMS,
INC.
Initial
DOS Filing Date : AUGUST 27, 1990
County : NEW YORK
Jurisdiction : NEW YORK
Entity
Type :
DOMESTIC BUSINESS CORPORATION
Current
Entity Status : ACTIVE
Selected
Entity Address Information DOS Process
SHAMA
GEMS, INC.
15
WEST 47TH STREET
NEW
YORK, NEW YORK, 10036
Principal
Executive Office
15
W 47TH ST STE 905
NEW
YORK, NEW YORK, 10036
Registered
Agent : NONE
Managers/Key Personnel
Mr.
Navin Shan
President
Mr.
Parag Shan Vice
President
AFFILIATED ENTITIES
There
are no known 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. THE MERCHANTS BANK OF
N.Y. was mentioned as a secured party for financing.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
LEASING 05-06 00-00 CONTRCT 900
0 0 0
0 0 0
OFFC SUPPL 06-04 06-03 NET 30 200
100 100 0 0
0 0 CUST 14 YR
TELECOM 04-08 00-00 NET 30
100 100 60
40 0 0 0 DISPUTE
FINANCIAL INFORMATION
Mr.
Shan declined to provide financial statements or annual sales, therefore the
Firm's condition could not be evaluated. A written inquiry was sent via email,
if he responds the report will be updated at that time.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Number
of Employees: 15
Business Activity
The
Firm is an importer and manufacturer of fine jewelry.
The
Firm offers a wide variety of machine-set and machine-cut. The Firm inventory
includes: rings, watches, earrings, pendants, lockets, chains, bracelets,
necklaces and anklets. The Firm offers jewelry set in Gold, Silver and
Platinum. The Firm offers precious stones such as diamonds, emeralds, rubies,
pearls and sapphires.
The
heading address is the Firm's sole location.
PUBLIC RECORD
Name
Searched : SHAMA GEMS
Debtors : SHAMA GEMS, INC.
15
WEST 47TH STREET
NEW
YORK, NY 10036
GEM
INTERNATIONAL
15
WEST 47TH STREET
NEW
YORK, NY 10036
Filing
Date : 02/02/2000
Filing
Number :
00PN06251
Filing
Type :
INITIAL FILING
Original
Filing Number : 00PN06251
Secured
Party : MERCHANTS
BANK OF N.Y.
62
WEST 47TH STREET
NEW
YORK, NY 10036
Name
Searched : SHAMA
GEMS
Debtor
Address : SHAMA
GEMS, INC.
15
WEST 47TH STREET
NEW
YORK, NY 10036
GEM
INTERNATIONAL
15
WEST 47TH STREET
NEW
YORK, NY 10036
Secured
Parties : THE
MERCHANTS BANK OF N.Y.
Filing
Date :
1/31/2000
Filing
Number : 00019863
Filing
Type :
INITIAL FILING
Name
Searched : SHAMA
GEMS
Debtor
Address : SHAMA
GEMS, INC. D/B/A GEM INTERNATIONAL
15 WEST 47TH STREET
NEW YORK, NY 10036
Secured
Parties : THE
MERCHANTS BANK OF N.Y.
Filing
Date :
1/13/2005
Filing
Number :
0501135033396
Filing
Type :
CONTINUATION
Original
Filing Number : 00019863
No
judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The
Firm is a well established importer and manufacturer of fine jewelry. The
payment record is satisfactory. No judgements, tax liens or bankruptcy
petitions were traced to the Firm. 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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