MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOW GEMS INC. |
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Registered Office : |
580 5th Avenue, Suite 1608, New York, NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
11.09.1980 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler Diamonds and Precious Stones. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
DOW GEMS INC.
Company acronym: --
Contact Information
|
Address |
7 East 47th Street, 6th floor New York, NY 10017 USA |
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Telephone |
212-755-3232 |
Registration Data
|
Date of Registration |
September 11, 1980 |
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Registration number |
New York State does not issue organizational ID number |
|
Legal address |
580 5th Avenue, Suite 1608 New York, NY 10036 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
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Shareholder Names |
Share% |
|
Basant JOHARI |
50+ |
Board/Executive
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Name |
Basant JOHARI |
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Position within the company |
President & CEO |
He was the President of the
Indian Diamond and Colorstone Association, in New York, NY.
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and wholesaler diamonds and precious stones.
Staff
|
Number of staff employed |
4 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
Facilities
|
Rented |
Office |
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Premises Size |
600 sq. feet |
Bankers
|
Bank |
Bank of India |
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Branch |
New York, NY |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation, Remarks
on Payment
|
Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Company |
|
Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
680,000= |
Reporter Comments
|
Comments |
In the interview conducted with a sales person, who controlled the
present report. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Low
Trade Risk and to be fair. According to our credit analysts, during the last 6 months, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days beyond terms. |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)