MIRA
INFORM REPORT
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Report Date : |
16.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
DOW GEMS INC. |
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Registered Office : |
7 East 47th Street, 6th Floor, New York 10017 |
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Country : |
United States |
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Date of Incorporation : |
11/09/1980 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged as a wholesaler of jewelry, importing goods from India to New
York. |
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 : DOW GEMS INC.
Address : 7
EAST 47TH STREET, 6TH FLOOR
City :
NEW YORK
State/Province : NEW
YORK
Zip Code :
10017
Country :
UNITED STATES
Telephone : 212
755-3232
Facsimile :
212 755-2885
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Legal Form :
Corporation - Private
Website :
N/A
Business Activity :
Subject is engaged as a wholesaler of jewelry, importing goods from India to
New York.
NOTE TO CLIENT
Contact Person: Mr. Basant
Johari
Position: President
Mr. Basant Johari suggested a written request for all general and financial
information. A written request was
sent, if he responds the report will be amended. Thus, the information in this report could not be confirmed.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
11/09/1980
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company was incorporated in New York under the following
registration:
Legal Name: DOW
GEMS INC.
Filing Date: SEPTEMBER
11, 1980
County: NEW
YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Status: ACTIVE
Selected Entity Address
Information DOS Process (Address to which DOS will mail process if accepted on
behalf of the entity)
DOW GEMS INC.
SUITE 1608 580 5TH AVE
NEW YORK, NEW YORK, 10036
Registered Agent: NONE
Managers/Key
Personnel
Mr. Basant Johari
President
AFFILIATED ENTITIES
Affiliated companies, if any, could not be learned either directly from
management or from outside sources.
BANKS
Bank of India
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank of India 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
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
COMPUTERS
07-01 03-05 CREDIT 15000 0
0 0 0 0 0
CELLUL/PAG 04-05 04-04 NET 30 100
0 0 0
0 0 0 CUST 3 YR
GENERAL
05-02 04-10 NET 60 2200 700
34 44 0 0 22
CUST 10 YR
TELECOM
04-07 00-00 NET 15 1300 1200
100 0 0 0
0
ADMIN
05-05 00-00 CREDIT 0 0 0 0 0
0 0 CUST 37 YR
CURRENT QUARTER 15000
0 0 0
0 0 0
FINANCIAL INFORMATION
The Company was forwarded a fax requesting financial information. Currently we have not received a
response. Outside sources failed to add
any insight into the condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Business Activity:
Subject is engaged as a wholesaler of jewelry, importing goods from
India to New York. The products
include; watches, rings, necklaces, bracelets and pendants and other related
items constructed from diamonds, gold, silver, pearls, and other gem stones.
Sales are to the general public in the greater New York area. The above address
is the headquarters and sole location of the Company.
TRADE REFERENCES
Management declined to provide any trade references.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 2088732
Filing Date: 04/17/2002
Filing Type: CONTINUATION
Filing Date of Related Filing:
09/18/1987
Filing Office: SECRETARY OF
STATE/UCC DIVISION
162
WASHINGTON AVE
ALBANY, NY 12210
DEBTOR INFORMATION
Debtor(s): DOW GEMS INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK OF INDIA
277
PARK AVE
NEW
YORK, NY 10172
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A nationwide search of bankruptcy courts showed no filings under the
name Dow Gems Inc.
GENERAL COMMENTS
Dow Gems Inc. was incorporated in 1980, and engaged as a jewelry
wholesaler. The payment record is satisfactory and the company does not appear
to be a large seeker of local trade credit. The operating history appears clear
and no derogatory information was reported or noted.
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%)