MIRA
INFORM REPORT
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Report Date : |
08.10.2007 |
IDENTIFICATION DETAILS
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Name : |
DOW GEMS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11/09/1980 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Engaged as a wholesaler of jewelry, importing goods from |
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 : DOW GEMS INC.
Address :
City :
State/Province :
Zip Code :
10017
Country :
UNITED STATES
Telephone : 212
755-3232
Facsimile :
212 755-2885
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Legal Form :
Corporation - Private
Website :
N/A
Business Activity :
Subject is engaged as a wholesaler of jewelry, importing goods from
NOTE TO CLIENT
Contact Person: Mr. Basant Johari
Position: President
Mr. Basant Johari suggested a written request for all general and
financial information. A written request
was sent, if he responds the report will be amended. Thus, the information in this report could
not be confirmed.
LEGAL
Legal Form :
Corporation - Private
Since (D/M/Y) :
11/09/1980
State/Province of Incorporation :
NY
Status :
ACTIVE
Previous Legal Form :
Company is NOT required to publish an annual financial report.
The Company was incorporated in
Legal Name: DOW
GEMS INC.
Filing Date: SEPTEMBER
11, 1980
County:
Jurisdiction:
Entity Type: DOMESTIC
BUSINESS CORPORATION
Status: ACTIVE
Selected Entity Address Information
DOS Process (Address to which DOS will mail process if accepted on behalf of
the entity)
DOW GEMS INC.
Registered Agent: NONE
Managers/Key
Personnel
Mr. Basant Johari
President
AFFILIATED ENTITIES
Affiliated companies, if any, could not be learned either directly from
management or from outside sources.
BANKS
Bank of
Telephone:
Facsimile:
Account Number:
Account Manager:
Bank of India was mentioned as a secured party for financing.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 00-00 NET 30 0 0
0 0 0
0 0 CUST
1 YR
COMPUTERS
07-01 03-05 CREDIT 15000 0
0 0 0
0 0
CELLUL/PAG 04-05 04-04 NET 30 100
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
The Company was forwarded a fax requesting financial information. Currently we have not received a
response. Outside sources failed to add
any insight into the condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 44831 Jewelry Stores
SIC Code: 5944
Business Activity:
Subject is engaged as a wholesaler of jewelry, importing goods from
TRADE REFERENCES
Management declined to provide any trade references.
PUBLIC RECORD
FILING INFORMATION
Filing Number: 2088732
Filing Date: 04/17/2002
Filing Type: CONTINUATION
Filing Date of Related Filing:
09/18/1987
Filing Office: SECRETARY OF
STATE/UCC DIVISION
DEBTOR INFORMATION
Debtor(s): DOW GEMS INC.
SECURED PARTY OR CREDITOR INFORMATION
Secured Party(s): BANK OF
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A nationwide search of bankruptcy courts showed no filings under the name
Dow Gems Inc.
GENERAL COMMENTS
Dow Gems Inc. was incorporated in 1980, and engaged as a jewelry
wholesaler. The payment record is satisfactory and the company does not appear
to be a large seeker of local trade credit. The operating history appears clear
and no derogatory information was reported or noted.
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%)