MIRA
INFORM REPORT
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Report Date : |
04.10.2007 |
IDENTIFICATION DETAILS
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Name : |
GEM WAVE INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25/08/1995 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Wholesaler of 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 : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name : GEM WAVE INC.
Address :
City :
State/Province :
Zip Code : 10036
Country : UNITED STATES
Telephone : 212 768-3200
Facsimile : 212 768-3322
Legal Form : Corporation - Private
Website : www.gemwave.com
Business Activity : The Firm engages as a wholesaler of loose diamonds.
As of :
Sales / Revenue :
Net Income :
Total Equity :
NOTE TO CLIENT
Person Contacted: Mr. Paresh Jain, President.
Mr. Jain provided very general information noted in this report.
NOTE: Mr. Jain declined to provide employee numbers and outside source provided no additional details.
LEGAL
Legal Form : Corporation - Private
Since (D/M/Y) : 25/08/1995
State/Province of Incorporation : NY
Status : ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Firm is incorporated in
Current Entity Name : GEM WAVE INC.
Initial DOS Filing Date : AUGUST 25, 1995
County :
Jurisdiction :
Entity Type : DOMESTIC BUSINESS CORPORATION
Current Entity Status : ACTIVE
Selected Entity Address Information DOS Process
GEM WAVE INC.
Principal Executive
Office
GEM WAVE INC.
Registered Agent: NONE
Managers/Key Personnel
Mr. Paresh Jain President
AFFILIATED ENTITIES
No affiliated or subsidiary companies, if any, could be learn from management or outside sources.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Management declined to provide the name of the Firm's primary bank and outside sources provided no additional information.
PAYMENT HISTORY
The Firm is not a large seeker of local trade credit as such a payment record could not be developed.
FINANCIAL INFORMATION
Mr. Jain declined to provide financial details, including financial statements or gross annual sales. Therefore the Firm's financial condition could not be evaluated at this time.
CURRENT OPERATIONS
NAICS Code: 42194 Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Business Activity
The Firm engages as a wholesaler of loose diamonds.
The Firm wholesales loose diamonds and diamond studded jewelry. The Firm's jewelry include: earings, rings, bracelets, and pendants. The Firm also offers casted jewelry services for selected clients.
The provided location is believed to be the sole location of the Firm.
TRADE REFERENCES
No trade references could be obtained from the Firm.
PUBLIC RECORD
No judgements, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm is a well established wholesaler of loose diamonds and diamond studded jewelry. The Firm is not a large seeker of local trade credit as such a payment record could not be developed. No judgements, tax liens or bankruptcy petitions were traced to the Firm. The Firm is considered 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. |
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%)