MIRA
INFORM REPORT
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Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
D. N. GEMS CORPORATION |
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Registered Office : |
580 5th Avenue Suite #1512, New York 10036 |
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Country : |
United States |
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Date of Incorporation : |
06/12/1989 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of jewellery and loose diamonds. |
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 : D.N. GEMS CORPORATION
Trade Name(s) : InterJewels
Address : 580 5TH AVENUE SUITE #1512
City : NEW YORK
State/Province : NEW YORK
Zip Code : 10036
Country : UNITED STATES
Telephone : 212-869-7801
Facsimile : 212-869-4062
Legal Form : Corporation - Private
Website : www.interjewel.com
Business Activity : The Company is a wholesaler of jewelry and loose diamonds.
Founded (D/M/Y) : / /1989
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Amit Shah, Controller. Mr. Shah verified basic information over the phone and requested a fax to provide additional information about the Company.
Mr. Sanjay Kothari, the President, is believed to be the owner of the Company, however, this could not be confirmed.
An employment figure could not be obtained.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 06/12/1989
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company incorporated in New York under the following registration:
Entity Name : D.N. GEMS CORPORATION
Initial DOS Filing Date : DECEMBER 06, 1989
County : NEW YORK
Jurisdiction : NEW YORK
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
D.N. GEMS CORPORATION
580 5TH AVE
STE #1512
NEW YORK, NEW YORK, 10036
Principal Executive
Office
D.N. GEMS CORPORATION
580 5TH AVE
STE #1512
NEW YORK, NEW YORK, 10036
Registered Agent : NONE
Managers/Key Personnel
Mr. Sanjay Kothari President
Mr. Amit Shah Controller
AFFILIATED ENTITIES
The following are affiliated entities of the Subject.
D. NAVINCHANDRA & CO. Mumbai, India
Dianco B.V.B.A. Antwerp, Belgium
D. N. Gems Co. Ltd. Bangkok, China
Little Rocks (HK) Co. Hong Kong, China
InterJewels International Pvt. Ltd. Mumbai, India
The Company has no known subsidiaries.
BANKS
ABN Amro Bank
New York NY
Telephone:
Facsimile:
Account Number:
Account Manager:
This bank was listed as a secured party through public. If we receive a fax response from Mr. Shah we will update the bank information.
PAYMENT HISTORY
BUSINESS DATE
LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS
$ $ %
30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- ---
--- --------
COMPUTERS
07-01 03-05 CREDIT 15000 0
0 0 0 0 0
CELLUL/PAG 04-05 04-04 NET 30 200
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
Due to Company
privacy, Mr. Shah would not provide financial statement information over the
phone. If we receive a fax response, we
will amend the report accordingly.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
The Company is a
wholesaler of jewellery and loose diamonds.
The Subject imports
from India.
The heading address
is the sole location for the subject.
The facility consists of leased office space.
The Subject has one
division under the name InterJewels.
PUBLIC RECORD
A search of public
records revealed the following information, and no bankruptcy petitions.
Name Searched : D.N. GEMS
Debtor Address : D.N. GEMS CORP.
580
FIFTH AVENUE, NEW YORK, NY 10036
Secured Parties : ABN AMRO BANK N.V. NEW YORK
BRANCH
Filing Date : 10/28/2003
Filing Number : 0310281782953
Filing Type : CONTINUATION
Original Filing
Number : 93250696
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Name Searched : D.N. GEMS
Debtor Address : D.N. GEMS CORPORATION
580
FIFTH AVENUE, NEW YORK, NY 10036
Secured Parties : ANTWERPSE DIAMANTBANK N.V.
Filing Date : 12/6/2004
Filing Number : 0412061234798
Filing Type : INITIAL FILING
GENERAL COMMENTS
The Subject,
incorporated in New York in 1989, is engaged as a wholesaler of jewelry and
loose diamonds. The payment record is
generally satisfactory and the operating history is clear. No derogatory information or bankruptcy
petitions were reported or noted. The
Company is responsible for normal business transactions.
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%)