MIRA
INFORM REPORT
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Report Date : |
13.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
GEMS ONE CORPORATION |
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Registered Office : |
25 West
45th Street, Suite 1200, New York, NY 10036 - USA |
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Country : |
United States |
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Date of Incorporation : |
21.04.1992 |
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Legal Form : |
Corporation
– Profit |
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Line of Business : |
Importer
and Wholesaler Distributor, sometimes Manufacturer and Retailer of 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 : |
No Complaints |
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Litigation : |
Clear |
Company name & address
Company name : GEMS ONE CORPORATION
Address : 25 West 45th Street,
Suite 1200, New York, NY 10036 - USA
Telephone : 212-869-7084
Fax : 212-869-7091
Website : www.gemsone.com
Summary
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Corporate ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York
State does not issue organizational identification numbers New York
State Corporation
– Profit 04-21-1992 - - Anuj JAIN |
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ACTIVITIES & OPERATIONS
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Business Staff: |
GEMS ONE
is importer and wholesaler distributor, sometimes manufacturer and retailer
of diamonds. Sells to
about 1,200 retailers in the New York State and U.S. 10 |
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Operations & branches: |
At above address,
we find a manufacture, store and office, on lease. Maintains
a branch located: 1079 Lyons Rd., Dayton,
OH 45458 |
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SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Prem C.
JAIN is the President. Anuj JAIN
is Director and CEO. As far as
we know, they are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
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FINANCIALS
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In United
States, privately held corporations are not required to publish any
financials. On a
direct call, nobody accepted to answer our questions. We sent a
fax but no answer was received. However,
sales estimate for year 2007 is in the range of USD 2,500,000= The
business is said to be profitable. |
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Banks
Israel
Discount Bank
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LEGAL FILINGS
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Legal filings & complaints : |
As of
today date, there is no legal filings pending with the District
Courts. |
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Secured debts summary (UCC) : |
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MARKET ANALYSIS & FORECAST
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In the
New York State, during the year 2007: - 52% of the
corporations in same branch were developing the business on a low risk of
late payment, - 40%, on
a medium risk, and - 8% on a high risk of late payment. - 92% of
them saw sales stable versus last 3 years - 4% declining - 4% growing A high percentage
of late payment may indicate that companies in this industry are experiencing
cash flow problems, that suppliers generally accept late payment as part of
doing business, or that on-time payment is not customary in this industry. Companies
entering such markets should not expect to be paid on time. The
market appears to be stable. |
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COMPANY CREDIT HISTORY
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According to our credit analysts, during the last 6 months, 94% of trade experience indicates a regular payment. Payments of imports are currently made with an average of 2 to 5 days beyond terms. The
Company maintains a regular business. The bank
and financial institutions confirmed a regular credit history. The risk
is low. Our
opinion: A business
connection may be conducted. |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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UK Pound |
1 |
Rs.80.67 |
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Euro |
1 |
Rs.64.20 |
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%)