MIRA
INFORM REPORT
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Report Date : |
26th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
J. K. GEMS |
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Registered Office : |
Room B, 8/F, Bo Yip Building, 6 Ashley Road, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
09-09-1970 |
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Com. Reg. No.: |
03066340 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of diamond & gemstones. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
Regular |
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Litigation : |
Clear |
NAME
J. K. GEMS
ADDRESS
ROOM B, 8/F, BO YIP BUILDING, 6 ASHLEY ROAD,
KOWLOON, HONG KONG
TEL : 852 23762512
FAX : 852 23763693
EXECUTIVE SUMMARY
INCORPORATION DATE : 9-9-1970
REGISTRATION NO. : 03066340
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : JHAVERI JAYANT KUMAR KANTILAL (SOLE
PROPRIETOR)
STAFF STRENGTH : 2
AUTHORIZED CAPITAL :
[IN HK, UNLIMITED COS. ARE NOT
REQUIRED TO FILE ITS CAPITAL
PARTICULARS TO BR OFFICE (THE INLAND
REVENUE)]
PAID-UP CAPITAL : NOT APPLICABLE
BUSINESS LINE : TRADING OF DIAMOND & GEMSTONES
TURNOVER :
N/A (AS OF DEC. 31, 2004)
EQUITIES :
N/A (AS OF DEC. 31, 2004)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : MODERATE AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.75423 = USD1 AS OF 2005-12-08
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD – Hong Kong Dollars
SC was
established under Business Registration number 03066340 on 9-9-1970 with
present status as sole proprietorship.
Currently
obtained BR copy indicate the particulars of SC's principal(s) are as follows:
Name(s) of principal(s) & ID/Passport
number(s) Registered address
Jhaveri Jayant Kumar Kantilal Flat
8C, 8/F, Rattan
/ XE509570(4) House,
4 Hankow Road,
Tsimshatsui,
Kln.,HK
No
material change or amendment regarding SC has been traced & noted since its
inception.
NOTE:
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The
address provided by you (T.S.T., P O Box No.95602, Kowloon, HK) is reportedly
the post office mailing address of SC.
Total number of employees : 2.
Location : Maintaining
its office at the heading business address which occupies a gross area of 500
square feet at a commercial & residential building in a commercial &
shopping district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
The
premises is reportedly owned by SC's principal(s). Land copy is not available during current search.
This
section will contain the civil litigations & winding-up petitions filed
against SC for the last 6 years (as stored in our database), and the
mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges by an unlimited
co is not required to be registered in the public records.
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : In HK, unlimited companies are not
required to file its charge particulars for public inspection.
Jhaveri
Jayant Kumar Kantilal:
- Sole
proprietor
- In his
mid 60's & married
- He is
by Indian nationality
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Embarked upon his career to present field as a junior salesman in his mid
20's
Currently
active in SC's day-to-day operations & is responsible for its management.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership
background appraisal
Rating : 2 Obtained scores : 65 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The
rating indicates the personal financial & operational strength of SC's
major principals. It is calculated from
a composite of scores obtained from the following 5 factors which carry equal
weight in our analysis:
Personal
financial strength, credit history & trade reputation, business experience
& track record, market connection and management skill.
Business
categories
SC is
engaged in trading of diamond & gemstones.
Items
available include jade, sapphire, ruby & cut diamond.
Principal
purchases
Major types of
sourcing :
Gemstone & fine jewellery items (with precious
stones)
Local--type of
suppliers :
Importers
Buying terms :
Special agreed terms
Overseas--supplying
countries : USA, Belgium,
India & South Africa
Buying terms : D/P
& T/T
Principal
market
Local--type of
customers : Dealers
Selling terms : COD
& special agreed terms
Overseas--buying
countries : PR China
& SE Asia
Selling terms : D/P
& D/A
SC is not known to have any subsidiary at present.
Overall payment appraisal
( ) Excellent ( ) Good (x) Average ( ) Fair (
) Poor ( ) Not yet determined
The
appraisal serves as a reference to reveal SC's payments habits and ability to
pay. It is based on the 3 weighed
factors: Trade payment experience
(through current enquiry with SC's suppliers), our delinquent payment records
and our debt collection record concerning SC.
Trade
payment experience
SC
declined to release any information of its suppliers and the trade reference is
not available.
Delinquent
payment record
None in our
database.
Debt collection
record
No overdue amount owed by SC was placed to us for collection within the last 6 years.
Banking
relations are maintained principally with: HSBC.
Upon a current contact, SC's
principal(s) declined forwarding any financial information on the ground that
SC is a private venture whose data is not required for public inspection.
Re: In HK, only the public listed cos.,
financial institutions & overseas cos. are obligated to file their
financial statements to Companies Registry for public search. Generally, the private limited cos. &
unlimited cos. always keep those data as highly confidential matter.
SC is
considered an old-established business with acceptable financial base to meet moderate
amount of credit dealings.
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/normal. |
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 |