MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
VSM GEMS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09/10/2003 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler of
jewelry. |
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 Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: VSM
GEMS, INC.
Address:
City:
State/Province:
Zip Code: 30062
Country: UNITED
STATES
Telephone: 478-335-5371
Facsimile: 678-475-2243
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
1
Legal Form: Corporation
- Private
Website: N/A
Maj.
Shareholder: Mr. Mitesh Kochar
Business Activity: The Company is a wholesaler of jewelry.
NOTE TO CLIENT
Person
Contacted: Mr. Mitesh Kochar, President
and Owner. Mr. Kochar verified the legal
name, address, fax number, and business activity, before requesting a fax form
to provide additional information. If we
receive a response to our fax, we will amend the report accordingly. No other
information in this report was confirmed by management.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 09/10/2003
State/Province of
Incorporation: GA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company
incorporated in
Name: VSM GEMS, INC.
Name Type: Current
Name
Profit Corporation -
Domestic - Information
Control No.: 0355622
Status:
Active/Compliance
Entity Creation
Date: 10/9/2003
Jurisdiction: GA
Principal Office
Address:
Principal Mailing
Address: No Address
Last Annual
Registration Filed Date: 3/9/2006
Last Annual
Registration Filed: 2006
Registered Agent
Agent Name: JAMES M.
DUNN, P.C.
Office Address:
Managers/Key
Personnel
Mr. Mitesh
Kochar President
Mr. Kunal
Kochar Officer
OWNERS
Mr. Mitesh Kochar % Majority
The Company has no
known subsidiaries or affiliates.
BANKS
GA
Telephone:
Facsimile:
Account Number:
Account Manager:
A bank name could
not be learned at this time.
PAYMENT HISTORY
No local trade
credit payment were found for the Subject at this time.
FINANCIAL INFORMATION
Mr. Kochar declined
to provide financial statement information for this report over the phone. A fax was sent to him for this
information. If we receive a response,
we will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees
: 1
Business Activity:
The Company is a
wholesaler of jewelry.
The Company imports
from
The heading address
is believed to be the sole location for the Subject.
TRADE REFERENCES
A fax was sent to
the Company for trade references. If we
receive a response, we will amend the report accordingly.
PUBLIC RECORD
A search of public
records revealed no derogatory information, Uniform Commercial Codes, or
bankruptcy petitions.
GENERAL COMMENTS
The Subject,
incorporated in
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)