MIRA INFORM REPORT
|
Report Date : |
01.06.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
NICE GEMS INC |
|
|
|
|
Registered Office : |
1501 Broadway New York, New York, 1003 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
17.08.1993 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Jewelry Wholesaler |
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 Company |
|
Payment
Behaviour : |
No Complaints |
|
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 |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Nile Jewels Inc |
||
|
Address in the order: |
55/West 47th Street, #425 New York, 10036 |
||
|
Comments on data supplied: |
Dear client The company name you provided is that of a non incorporated business
unit. We have learned that the actual name is Nice Gems Inc, located in the
address and phone number you provided. That is why we proceed on making the
report under that name. |
||
|
Legal Name: |
Nice Gems Inc |
||
|
Legal Address |
1501 Broadway New York, New York, 1003 (register agent) |
||
|
Operative Address |
55 West 47th Street 5th Floor New York, NY 10036 |
||
|
Telephone: |
+1 (212) 575-6104 |
ID : |
1749872 |
|
Fax: |
+1 (212) 575-6208 |
Legal Form: |
Corporation for Profit |
|
Email: |
nicegems@hotmail.com |
Registered in: |
New York |
|
Website: |
www.nicegems.com |
Date Created: |
1993 |
|
Manager: |
Depak Kavadia, President |
Date Incorporated: |
August 17th, 1993 |
|
Staff: |
10 |
Stock: |
200 |
|
|
|
Value: |
No Par Value |
|
Activity: |
Jewelry wholesaler |
||
BANKS
|
Name of the Bank |
Jpmorgan Chase Bank |
BUSINESS
|
HISTORY |
|
|
|
This company was created in the year 1993. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company is categorized under jewelry wholesaler. |
|
Products/Services description: |
|
|
|
Emeralds Rubies Sapphires Diamonds semi-precious |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Jewelry stores Other related industries |
|
Operations area: |
|
|
|
National, Local |
|
The company imports from Asia |
|
|
The company does not export |
|
|
The subject employs 10 employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered at 55 West 47th Street 5th Floor New
York, NY 10036 |
|
Branches: |
|
|
|
There were no branches found for this company. |
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
|
Management: |
|
|
|
Depak Kavadia, President Rakesh Kavadia, Vicepresident |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted a male representative who was disrespectful and hung
up on us. Our agent called back again, but he refused to provide us his name
or any information on grounds of confidentiality. |
|
However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and financial
institutions working with the company. |
|
Currency |
DATE |
|
USD |
2010 |
|
Turnover |
1,500,000 |
|
Legal Fillings |
|
There are four UCC** files listed with the
Secretary of State of New York. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other creditors
about a debtor’s assets used as collateral for a secured transaction by
filing a public notice (financing statement) with a particular filing office.
The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
|
Local credit bureau gave a correct credit
rate. The company is in Good Standing. This means
that all local and federal taxes were paid on due date. |
|
|
Final Opinion |
|
|
|
This is a medium sized company with three
employees and 18 years of experience. There were no legal filing found against
the company or its legal representatives. We've contacted the company but the
representative refused to provide us any information on grounds of
confidentiality. The company gave a correct profitability
for the year 2010. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
|
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Male representative |
|
Comments |
|
|
|
He refused to provide us any information about the company on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.03 |
|
UK Pound |
1 |
Rs.74.43 |
|
Euro |
1 |
Rs.64.75 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.