MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DISONS GEMS, INC. |
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Registered Office : |
415 Madison Ave.,
Suite 800, New York - 10017 |
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Country : |
United States |
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Date of Incorporation : |
18/08/1980 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Imports and
wholesales precious gems. |
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: DISONS
GEMS, INC.
Address: 415
MADISON AVE.
SUITE 800
City: NEW YORK
State/Province: NEW
YORK
Zip Code: 10017
Country: UNITED
STATES
Telephone: 212
921-4133
Facsimile: 212
730-8265
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of
Employees: 40
Legal Form: Corporation
- Private
Website: No
Website
Business Activity: The Company imports and wholesales
precious gems.
NOTE TO CLIENT
Person Contacted:
Ms. Sonal Patel, Accountant.
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Ms. Patel confirmed
or provided the information in this report.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 18/08/1980
State/Province of
Incorporation: New York
Status: ACTIVE
Previous Legal Form:
Company is NOT required
to publish an annual financial report.
Selected Entity
Name: DISONS GEMS, INC.
Initial DOS Filing
Date: AUGUST 18, 1980
County: NEW YORK
Jurisdiction: NEW YORK
Entity Type: DOMESTIC
BUSINESS CORPORATION
Current Entity
Status: ACTIVE
Managers/Key
Personnel
Mr. Milan Mehta President
Ms. Sonal Patel Accountant
AFFILIATED ENTITIES
There are no
affiliated, parent, or subsidiary firms.
BANKS
NY
Telephone:
Facsimile:
Account Number:
Account Manager:
We were unable to
obtain the name of the primary bank directly from management. HSBC BANK USA is
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
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
PACKAGING
07-04 05-12 NET 30 400 0
0 0 0 0 0
CUST 7 YR
AIR TRANS
06-11 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
LEASING
07-03 00-00 NET 30 200 200
0 0 100 0 0 CUST
6 YR
TELECOM
04-07 00-00 NET 15 900 100
100 0 0 0
0
CURRENT QUARTER 400
0 0 0
0 0 0
FINANCIAL INFORMATION
The Subject declined
to release fiancial information. Outside sources failed to add any insight into
the condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of
Employees: 40
Business Activity:
The Company imports
and wholesales precious gems.
The sole location and
headquarters for the Subject is located at the above heading address. The
facility is a leased facility consisting of approximately 5,000 square feet.
PUBLIC RECORD
We found no evidence
of bankruptcy filed in the Subject's name.
Amount: $ 2,430.12
Creditor: NY STATE
DEP'T OF TAXATION AND FINANCE
W.A. HARRIMAN STATE CAMPU
ALBANY NY 12227-0001
Debtors: DISONS
GEMS, INC.
48 W 48 ST
NEW YORK NY 10036-1703
Docket Date:
10/14/2005
Docket Type: NY
STATE TAX WARRANT
Lien Type: JUDGMENTS
DOCKET
Transaction Number:
31002051818
Debtor Address:
DISONS GEMS INC
22 W 48TH ST
NEW YORK, NY 10036
Secured Parties:
HSBC BANK USA FORMERLY KNOWN AS REPUBLIC NATIONAL BANK OF NEW YORK
Filing Date: 12/10/2001
Filing Number: 01242713
Filing Type: CONTINUATION
Original Filing
Number: 92031716
Debtor Address:
DISONS GEMS, INC
22 WEST 48TH STREET
NEW YORK, NY 10036
Secured Parties:
REPUBLIC NATIONAL BANK OF NEW YORK
Filing Date: 10/30/2006
Filing Number: 0610306054348
Filing Type: CONTINUATION
Original Filing
Number: 92031716
Debtor Address:
DISONS GEMS INC.
415 MADISON AVENUE
NEW YORK, NY 10017
DISONS GEMS INC.
415 MADISON AVENUE
NEW YORK, NY 10017
Secured Parties: M.
FABRIKANT & SONS, INC.
Filing Date: 5/11/2006
Filing Number: 0605115460169
Filing Type: INITIAL FILING
Debtor Address:
DISONS GEMS, INC.
22 W. 48TH STREET
3RD. FLOOR
NEW YORK, NY 10036
Secured Parties:
HSBC BANK USA
Filing Date: 10/5/2000
Filing Number: 00192946
Filing Type: INITIAL FILING
Debtor Address:
DISONS GEMS, INC.
22 WEST 48TH STREET
NEW YORK, NY 10036
DISONS GEMS, INC.
415 MADISON AVENUE
NEW YORK, NY 10017
Secured Parties: THE
CIT GROUP/COMMERCIAL SERVICES, INC.
Filing Date: 10/27/2005
Filing Number: 0510275938556
Filing Type: AMENDMENT
Original Filing
Number: 0509285855787
Debtor Address:
DISONS GEMS, INC.
22 WEST 48TH STREET
NEW YORK, NY 10036
Secured Parties: THE
CIT GROUP/COMMERCIAL SERVICES, INC.
Filing Date: 9/28/2005
Filing Number: 0509285855787
Filing Type: INITIAL FILING
Debtor Address:
DISONS GEMS, INC.
22 W. 48TH STREET,
3RD FLOOR
NEW YORK, NY 10036
DISONS GEMS, INC.
22 W. 48TH STREET,
3RD FLOOR
NEW YORK, NY 10036
Secured Parties:
HSBC BANK USA
Filing Date: 4/28/2005
Filing Number: 0504285366879
Filing Type: CONTINUATION
Original Filing
Number: 00192946
Debtor Address:
DISONS GEMS, INC.
22 W 48TH ST FL 3
NEW YORK, NY
10036-1803
Secured Parties:
FANCY TRADING CO, LLC
Filing Date: 10/3/2003
Filing Number: 0310031675738
Filing Type: INITIAL FILING
Debtors: DISONS GEMS
INC.
22 W 48TH ST
STE 301
NY, NY 10036-1803
Filing Date: 12/14/2005
Filing Number: 2005000690175
Filing Type: FEDERAL LIEN
Secured Party:
INTERNAL REVENUE SERVICE
P.O. BOX 145595
NY, NY 45250-5595
GENERAL COMMENTS
The Subject has been
operating since 1980, engaged in the wholesaling of precious gems. Management
deferred all financial information per policy. Legal indicate no negative
litigation taken against the Subject. Payment to local suppliers have been
prompt when credit has been extended. Thus, the Company is considered to be
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%)