MIRA
INFORM REPORT
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Report Date : |
12.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GEMS INTERNATIONAL
OF |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1972 |
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Line of Business : |
Diamond
wholesaler. |
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: GEMS
INTERNATIONAL OF
Address:
City: LOS
ANGELES
State/Province:
Zip Code: 90013-268
Country: UNITED
STATES
Telephone: 213-623-5370
Facsimile: 213-623-8737
Founded
(D/M/Y): / /1972
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
4
Legal Form: Unknown
Website: No
website available
Maj.
Shareholder: Mr. Harish Dega
Business Activity: The Company is a diamond wholesaler.
NOTE TO CLIENT
We spoke with Ms.
Anna Scott, Accounting, who provided all the information on the Company. We
were unable to determine, however, if the Company is a legal entity or sole
proprietorship.
LEGAL
Legal Form: Unknown
Previous Legal
Form: None
Company is NOT
required to publish an annual financial report.
The Company is not
registered in the states of
Managers/Key
Personnel
Mr. Sunil Kumar
Jain Vice
President
Mr. Harish Dega President
OWNERS
Mr. Harish Dega % Majority
Mr. Sunil Jain
Minority
AFFILIATED ENTITIES
There are no affiliates
or subsidiaries.
BANKS
Bank of
Telephone:
213-312-9000
Facsimile:
Account Number:
Account Manager:
We have contacted
the bank which stated that it requires signed authorization from the Company
allowing the release of any account information. We have sent the Company a request form to
sign and forward to the bank but have not received a response.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-08 00-00 NET 30 0
0 0 0
0 0 0
CUST 4 YR
BANK
07-08 07-08 CONTRCT 99500
0 0
0 0 0 0
COMPUTERS
07-06 06-04 CREDIT 15000 0
0 0 0
0 0
PACKAGING
07-08 00-00 NET 30 0 0
0 0 0
0 0 CUST
3 YR
AIR TRANS
07-03 00-00 0000000 100
100 100 0 0
0 0 CUST 25 YR
BUS SERVCS 07-04 07-02 NET 30 100
0 0 0
0 0 0
GENERAL
05-02 04-09 NET 30 500 0
0 0 0
0 0 CUST
7 YR
CURRENT QUARTER 114500 0
0 0 0
0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
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--- --- --- -------- --- --- --- --- ---
20070800
0 7 0 100 100 0
0 0 0
20070700
0 7 0 200 100 0
0 0 0
20070600
0 7 0 200 100 0
0 0 0
20070500
0 7 0 0 0
0 0 0 0
20070400
0 6 0 0 0
0 0 0 0
20070300
0 9 0 0 0
0 0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 0 0
0 0 0 0
First
2007 0 0 0
0 0 0 0
Fourth
2006 0 0 0
0 0 0 0
Third
2006 0 0 0
0 0 0 0
Second
2006 0 33800 100 0
0 0 0
FINANCIAL INFORMATION
Ms. Scott declined to
provide financial information, however, requested a fax be sent. We have sent a
fax and are awaiting a response.
CURRENT OPERATIONS
NAICS Code: 42194
Jewelry, Watch, Precious Stone and Precious Metal
SIC Code: 5094
Number of Employees
: 4
Business Activity:
The Company is a
diamond wholesaler.
The heading address
is the sole location for the Company.
PUBLIC RECORD
There were no legal
filings found against the Company.
A search of
bankruptcy courts revealed no record of a Company by this name filing for
bankruptcy.
GENERAL COMMENTS
The Subject appears
to be well established, founded in 1973. Payment history was satisfactory and
no adverse information was traced. The Company 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%)