MIRA INFORM REPORT
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Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
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Name : |
A ONE GEMS INC |
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Registered Office : |
62 West 47th Street, # 903 New York, NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
16.08.1991 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
The company is categorized under Wholesale Diamonds. |
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 : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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 |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
A One Gems Inc |
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Address in the order: |
62 West 47th Street, Sorte 903 Newyork 10036 |
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Legal Name: |
A One Gems INC |
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Legal Address |
62 West 47th Street, # 903 New York, NY 10036, USA |
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Telephone: |
+1 (212) 391-2474 |
ID : |
1569234 |
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Fax: |
+1 (212) 391-2478 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
New York |
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Website: |
Date Created: |
1991 |
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Manager: |
Nilesh Patel, President |
Date Incorporated: |
August 16yh 1991 |
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Staff: |
5 |
Stock: |
200 |
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Value: |
No Par Value |
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Activity: |
The company is categorized under Wholesale Diamonds. |
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BANKS
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Name of the Bank |
WACHOVIA BANK, NATIONAL |
BUSINESS
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HISTORY |
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The company was created in 1991. |
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PRINCIPAL ACTIVITY |
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The company is categorized under Wholesale Diamonds. |
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Products/Services description: |
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It wholesales Jewelry, Watch, Precious Stone, and Precious Metal. It
usually offers Irradiated Diamonds, Synthetic Diamonds, Fake Diamonds, Red
Diamond and Fancy Yellow Diamonds. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry. |
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Operations area: |
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National |
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The company imports from India |
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LOCATION |
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Headquarters |
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62 WEST 47TH STREET, # 903 NEW YORK, NY 10036, USA |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Despite our long searches, we couldn't reach the shareholders for the
company requested. |
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Management: |
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Nilesh Patel, President |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted Neal Patel who refused to provide us any financial data
on grounds of confidentiality. |
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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. |
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Comments on the financial data: This company
has an annual revenue of between $1 to 2.5 million. |
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Legal Fillings |
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There are 2 UCCs 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
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Local credit bureau gave a Correct credit rate. |
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The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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The subject is a small sized US company as it currently has an estimated staff of 5 employees. |
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It was incorporated for business in 1991. Therefore, it has more |
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than 19 years of experience. |
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It is a private company categorized under Wholesale Diamonds that operates within the United States. |
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There were no legal filings found against the company or its legal representatives. |
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SUMMARY
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COLLECTIONS AND PAYMENTS |
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Profitability |
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CORRECT |
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Public Records |
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NO |
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Indebtedness |
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CONTROLLED |
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Payments |
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REGULAR |
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Cash |
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NORMAL |
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APPENDIX
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Person Interviewed |
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Neal Patel |
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Comments |
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The person we contacted refused to provide any information on grounds of c |
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onfidentiality |
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FOREIGN EXCHANGE RATES
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Currency |
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Unit |
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Indian Rupees |
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US Dollar |
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1 |
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Rs. |
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4 |
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4 |
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38 |
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UK Pound |
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1 |
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Rs. |
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7 |
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2.21 |
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Euro |
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1 |
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Rs. |
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6 |
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2.87 |
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RATING EXPLANATIONS
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RATING |
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STATUS |
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PROPOSED CREDIT LINE |
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>86 |
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Aaa |
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Possesses an extremely sound financial base with the st |
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rongest capability for timely payment of interest and principal sums |
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Unlimited |
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71-85 |
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Aa |
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Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums |
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Lar |
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ge |
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56-70 |
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A |
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Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums |
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Fairly Large |
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41-55 |
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Ba |
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Overall operation is considered normal. Capa |
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ble to meet normal commitments. |
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Satisfactory |
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26-40 |
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B |
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Capability to overcome financial difficulties seems comparatively below average. |
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Small |
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11-25 |
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Ca |
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Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in |
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default upon maturity |
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Limited with full security |
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<10 |
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C |
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Absolute credit risk exists. Caution needed to be exercised |
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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%)