MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
JewelMark LLC |
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Registered Office : |
590 5th
Ave Suite 1801, 18th Floor, New York - 10036 |
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Country : |
United States |
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Date of Incorporation : |
2001 |
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Line of Business : |
The Company was
engaged as a wholesaler and distributor 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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: JewelMark
LLC
Address: 590
5TH AVE SUITE 1801
18TH FLOOR
City: NEW YORK
State/Province: NEW
YORK
Zip Code: 10036
Country: UNITED
STATES
Telephone: N/A
Facsimile: N/A
Founded
(D/M/Y): / /2001
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form:
Website: N/A
Business Activity: The Company was engaged as a wholesaler
and distributor of jewelry.
NOTE TO CLIENT
Contact: Mr. Roopam
Jain.
In 2006 the Firm
merged into JAY GEMS INC. with the surviving name being Jay Gems Inc. The
provided name (JEWELMARK) was kept as a trade name.
IMPERATIVES
We found information
in the New York Secretary of State's that show the Company to be inactive. A
nationwide search of public records and bankruptcy courts shows no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the
Companies name.
The Company is not a
large seeker of local trade credit as a significant payment record could not be
developed.
LEGAL
Legal Form:
State/Province of
Incorporation: NY
Status: INACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name:
JEWELMARK LLC
Initial DOS Filing
Date: AUGUST 01, 2001
County: NEW YORK
Jurisdiction: NEW
YORK
Entity Type:
DOMESTIC LIMITED LIABILITY COMPANY
Current Entity
Status: INACTIVE
Selected Entity
Address Information DOS Process (Address to which DOS will mail process if accepted
on behalf of the entity)
JEWELMARK LLC
SUITE #608
589 FIFTH AVENUE
NEW YORK, NEW YORK,
10017
FINANCIAL INFORMATION
We could not obtain
any financial information and outside sources provided no insight into the
financial condition of the Company.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity:
The Company was
engaged as a wholesaler and distributor of jewelry.
PUBLIC RECORD
A search of public records
in New York revealed no Uniform Commercial Codes, legal actions or bankruptcy
petitions.
GENERAL COMMENTS
The Company was a
wholesaler and distributor of jewelry. The Firm is not a seeker of local trade
credit and as such a significant payment could not be developed. No public
records were trace to the Firm.
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%)