MIRA INFORM REPORT

 

 

Report Date :           

19.07.2011

 

IDENTIFICATION DETAILS

 

Name :

BEAUTY GEMS INC

 

 

Registered Office :

15 W 47th St, Ste 404, New York, NY 10036-3381

 

 

Country :

United States 

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Watch and Jewellery Retailing

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Concern

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address  

 

Beauty Gems Inc                 

 

15 W 47th St

Ste 404

New York, NY 10036-3381

United States

 

 Bottom of Form

 

Employees:

3

Company Type:

Private Independent

 

 

Reporting Currency:

US Dollar

Annual Sales:

0.7

Total Assets:

NA

 

 

Financials in:  USD Million  

 

 

Business Description

             

 

Establishments primarily engaged in the retail sale of any combination of the lines of jewelry, such as diamonds and other precious stones mounted in precious metals as rings, bracelets, and broaches; sterling and plated silverware; and watches and clocks.

 

industry

 

Industry

Retail (Specialty)

ANZSIC 2006:

4253 - Watch and Jewellery Retailing

NACE 2002:

5248 - Other retail sale in specialised stores

NAICS 2002:

448310 - Jewelry Stores

UK SIC 2003:

5248 - Other retail sale in specialised stores

US SIC 1987:

5944 - Jewelry Stores

 

 

Key Executives   

 

 

Name

Title

 

Risha Shah

Owner

 

 

   News  

 

Title

Date

BRIEF: Gems dynasty adds community mall
Bangkok Post (Thailand) (257 Words)

19-Nov-2010

 

·          Profit & Loss Item Exchange Rate: USD 1 = USD 1 

·          Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

Beauty Gems Inc

Corporate Overview

Location 
15 W 47th St
Ste 404
New York, NY, 10036-3381
New York County 
United States

 

Tel:

212-730-2300

 

 Suggest Company URL

 

Sales USD(mil):

0.7

Assets USD(mil):

NA

Employees:

3

 

 

 

Industry:

Retail (Specialty)

Company Type:

Private Independent

Quoted Status:

Not Quoted

 

Owner:

Risha Shah

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

 

Industry Codes

ANZSIC 2006 Codes:

4253

-

Watch and Jewellery Retailing

 

NACE 2002 Codes:

5248

-

Other retail sale in specialised stores

 

NAICS 2002 Codes:

448310

-

Jewelry Stores

 

US SIC 1987:

5944

-

Jewelry Stores

 

UK SIC 2003:

5248

-

Other retail sale in specialised stores

 

Business Description

 

Establishments primarily engaged in the retail sale of any combination of the lines of jewelry, such as diamonds and other precious stones mounted in precious metals as rings, bracelets, and broaches; sterling and plated silverware; and watches and clocks

 

 

 

 

 

 

Financial Data

 

Financials in:

USD(mil)

 

Revenue:

0.7

1 Year Growth

NA

 

 

Executives

 

Name

Title

Function

Risha Shah

 

Owner

Chief Executive Officer

 


BRIEF: Gems dynasty adds community mall

Bangkok Post (Thailand): 19 November 2010
[What follows is the full text of the news story.]

 

Nov. 19--The Sriorathaikul family, owner of the gem-exporting firm Beauty Gems, has introduced its first community mall, built at a cost of 500 million baht.

 

The 2,000-square-metre Park Lane Ekamai, located in Soi Ekamai, opened this week, featuring more than 50 shops.

 

The project was developed by Gelson Development Co, whose half of the shares are held by the Sriorathaikul family.

 

Surasit Sriorathaikul, Gelson's chief executive, said the project is a new business for the family, which founded Beauty Gems in 1964.

 

"Our export business was hit by the recent global financial recession, so we began looking for something different to do, and this project came up," he said.

 

Park Lane targets nearby residents, and Gelson expects more than 1,000 visitors a day. A revenue target has not yet been decided.

 

Rental prices range from 1,700 to 2,500 baht per square metre per month.

 

Mr Surasit said Gelson would focus on this new shopping mall exclusively for the near future and has not yet planned another development.

 

However, the family is also developing the 63-hole Royal Gems Golf City in Rangsit Klong 6.

 

The 2-billion-baht golf course is due to open next January.

 

To see more of the Bangkok Post, or to subscribe to the newspaper, go to http://www.bangkokpost.com/. Copyright (c) 2010, Bangkok Post, Thailand

 

Distributed by McClatchy-Tribune Information Services.

 

For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com, e-mail services@mctinfoservices.com, or call 866-280-5210 (outside the United States, call +1 312-222-4544)

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.57

UK Pound

1

Rs.71.75

Euro

1

Rs.62.60

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

 

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