MIRA
INFORM REPORT
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Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUGEM INC. |
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Registered Office : |
7 East 47th Street, 4th Floor, New York 10017 |
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Country : |
United
States |
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Date of Incorporation : |
17.08.1994 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Manufacturer and wholesaler of 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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : SUGEM INC.
Address : 7 EAST 47TH STREET, 4TH
FLOOR
City : NEW YORK
State/Province : NEW YORK
Zip
Code : 10017
Country : UNITED STATES
Telephone : 212 220-4393
Facsimile : 212 220-4399
Legal
Form : Corporation - Private
Website : www.sugemnewyork.com
Business
Activity : Manufacturer and
wholesaler of diamonds.
As
of : --
Sales
/ Revenue : --
Net
Income : --
Total
Equity : --
NOTE TO CLIENT
PERSON
CONTACTED: Mr. Jitendrakumar Surani -
President
Mr. Surani
declined to provide any information about the Subject over the telephone,
citing Company policy. He accepted a
fax request for information on the Subject, but as of this writing we have not
received a response. Therefore, the
information in this report could not be confirmed.
LEGAL
Legal
Form :
Corporation - Private
Since
(D/M/Y) :
17/08/1994
State/Province
of Incorporation : NY
Status :
ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
NEW
YORK SECRETARY OF STATE
Legal
Name : SUGEM INC.
Incorporation
Date : AUGUST 17, 1994
Jurisdiction : NEW YORK
Status : ACTIVE
Registered
Agent : NONE
NOTE:
New York State does not issue organizational identification numbers.
Managers/Key Personnel
Mr.
Jitendrakumar Surani
President
AFFILIATED ENTITIES
The
Company does not appear to have any subsidiaries, a parent or any other
affiliations.
BANKS
NY
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
primary bank for the Company could not be identified. ANTWERPSEN DIAMANTBANK N.V., BANK LEUMI USA are mentioned as
secured parties for financing.
PAYMENT HISTORY
A
significant payment history could not be developed on the Subject as they do
not appear to be a large seeker of local trade credit. Trade references could not be obtained.
FINANCIAL INFORMATION
Mr.
Surani declined to provide any financial information on the Subject over the
telephone, and as of this writing we have not received a response to the fax
request. Outside sources failed to
provide any insight.
CURRENT OPERATIONS
NAICS
Code : 42194 Jewelry, Watch, Precious Stone and
Precious Metal
SIC
Code : 5094
Business Activity
Manufacturer
and wholesaler of diamonds.
The
Company sells their diamonds to jewelry stores throughout the local area.
The
heading address appears to be the sole location for the Company.
PUBLIC RECORD
Name Searched :
SUGEM INC
Debtor Address : SUGEM INC.
7 EAST 47TH STREET
NEW YORK, NY 10017
Secured Parties : ANTWERPSEN DIAMANTBANK N.V.
Filing Date :
9/16/2002
Filing Number :
02211435
Filing Type :
INITIAL FILING
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Name Searched :
SUGEM INC
Debtor Address : SUGEM, INC.
7 EAST 47 STREET
NEW YORK, NY 10017
SUGEM, INC.
7 EAST 47 STREET
NEW YORK, NY 10017
Secured Parties : BANK LEUMI USA
Filing Date :
3/3/2004
Filing Number :
0403035168695
Filing Type :
CONTINUATION
Original Filing Number: 99171767
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NOTE:
A nationwide search of bankruptcy courts shows no bankruptcy filings
under the Subject's name.
GENERAL COMMENTS
Sugem
Inc. is engaged as a manufacturer and wholesaler of diamonds. A payment
record could not be developed on the Subject. No derogatory information was
found involving the Firm.
Financial information could not be obtained.
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%)