MIRA INFORM
REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
PARAMOUNT GEMS |
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Registered Office : |
36 W 44th St, Ste 801, New York, NY 10036-8105 |
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Country : |
United States |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Wholesale Distribution of jewelry, precious stones and metals, costume
jewelry, watches, clocks, silverware, and jewelers' findings. |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
Company name & address
Paramount Gems
36 W 44th St
Ste 801
New York, NY 10036-8105
United States
Tel: 212-221-1520
Fax: 212-302-6478
Toll Free: 877-727-2436
Synthesis
Employees: 14
Company Type: Private Independent
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 14.0
Total Assets: NA
Business Description
Establishments
primarily engaged in the wholesale distribution of jewelry, precious stones and
metals, costume jewelry, watches, clocks, silverware, and jewelers' findings.
Industry
Industry Jewelry and Silverware
ANZSIC 2006: 3732 - Jewellery
and Watch Wholesaling
NACE 2002: 5147 - Wholesale
of other household goods
NAICS 2002: 423940 - Jewelry,
Watch, Precious Stone, and Precious Metal Merchant Wholesalers
UK SIC 2003: 51473 - Wholesale
of jewellery
US SIC 1987: 5094 - Jewelry,
Watches, Precious Stones, and Precious Metals
Key Executives
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Name |
Title |
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P Jain |
Owner |
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Panna L Jain |
President |
ABI Number:
113736854
Corporate Overview
Location
36 W 44th St
Ste 801
New York, NY, 10036-8105
New York County
United States
Tel: 212-221-1520
Fax: 212-302-6478
Toll Free Tel: 877-727-2436
Sales USD(mil): 14.0
Assets USD(mil): NA
Employees: 14
Industry: Jewelry and
Silverware
Company Type: Private Independent
Quoted Status: Not Quoted
Owner: P Jain
Contents
· Industry Codes
· Business Description
· Brand/Trade Names
· Financial Data
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
3732 - Jewellery and Watch Wholesaling
NACE 2002 Codes:
5147 - Wholesale of other household goods
NAICS 2002 Codes:
423940 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant
Wholesalers
US SIC 1987:
5094 - Jewelry, Watches, Precious Stones, and Precious Metals
UK SIC 2003:
51473 - Wholesale of jewellery
Business
Description
Establishments primarily engaged in the wholesale distribution of jewelry,
precious stones and metals, costume jewelry, watches, clocks, silverware, and
jewelers' findings.
Brand/Trade Names
Pg - Jewelry
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Credit Report as of 02/01/2011
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Table of Contents
· Profile Links
· Similar Businesses in the Area
· Closest Neighbors
External Links
· Similar Businesses in the Area *
Indo Star
45 W 45th St Ste: 802
New York, NY 10036-4602
United Gemco Inc
56 W 45th St Ste: 700
New York, NY 10036-4215
Imagine Designs
36 W 44th St Ste: 1010
New York, NY 10036-8104
M K Jewelry Inc
36 W 44th St Ste: 1000
New York, NY 10036-8106
Dave Co
62 W 45th St Ste: 8
New York, NY 10036-4208
Arm M Jewelry
2 W 45th St
New York, NY 10036-4212
Shula Limited
56 W 45th St Ste: 1504
New York, NY 10036-4206
Strand USA Inc
36 W 44th St Ste: 1009
New York, NY 10036-8106
A Five Star
Jewelry Inc
2 W 45th St Ste: 508
New York, NY 10036-4218
Metal Mart Inc
56 W 45th St Ste: 1103a
New York, NY 10036-4206
* Similar Businesses are defined as the closest businesses
sharing the same six-digit primary SIC code ( 5094-06 - Jewelers-Wholesale)
regardless of size.
Closest Neighbors
American
Society-Plastic Srgry
36 W 44th St Ste: 630
New York, NY 10036-8105
Angell &
Blitzer Attorney
36 W 44th St Ste: 1412
New York, NY 10036-8104
American
Foundation Realty Inc
36 W 44th St Ste: 1209
New York, NY 10036-8104
American Friends
Of Tel Aviv
36 W 44th St Ste: 1209
New York, NY 10036-8104
Executive report
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Executives |
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Owner |
Chief Executive Officer |
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President |
President |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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UK Pound |
1 |
Rs.73.53 |
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Euro |
1 |
Rs.64.37 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.