MIRA
INFORM REPORT
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Report Date : |
26th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL STONES |
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Registered Office : |
Flat G 14fl 3-5 Minden Ave Tsimshatsui
Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 14, 1983 |
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Com. Reg. No.: |
08455328-000 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in trading of diamonds, ruby
sapphire and emeralds |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Satisfactory
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Litigation : |
Clear |
NAME & ADDRESS
ROYAL STONES
FLAT G 14FL 3-5 MINDEN AVE TSIMSHATSUI KOWLOON, HONG KONG
TEL:852-27225380
FAX:852-23110771
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 14, 1983
REGISTRATION NO. : 08455328-000
LEGAL FORM : PRIVATE COMPANY
CHIEF EXECUTIVE : MR. SHRI BALLABH
RAWAT (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL : US$ 1,289
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2004)
EQUITIES : N/A (AS OF
DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : USD 3,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY TABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.76980 = US$1 AS OF 2006-6-26
*Company Registration*
===================
License number : 08455328-000
Date issued : 14 June, 1983
Issuing authority : Inland Revenue Dept.
Type of license : Business
Legal form : Private Limited Liability Company
*Registered Office*
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Although the company is operating its main business from the address listed above, the actual business license is legally registered at:
Address : 7Fl Star Mansion Block D 3-5 Minden Row Tsimshatsui, Kowloon, Hong Kong
*Corporate & Organization Structure*
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A small sized company operated and managed by the owner.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
Email : reals@asiaaccess.net.th
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholder's Name % of Shares
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Mr. Shri Ballabh Rawat 99.00
Management : Mr. Shri Ballabh Rawat, General Manager
*Key Personnel*
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Mr. Shri Ballabh Rawat
HKID No : K9691863
Founder : Sole Founder
Work experience : More than 20 years.
Responsibilities : Handles the daily operation of the firm including all financials and legal matters.
*Main Products & Services*
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Specializes in trading of diamonds, ruby sapphire and emeralds.
Products : Diamonds
Emeralds
Ruby sapphire
*Lodgment of Annual
Returns*
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Financial year ending : 2004
Date of lodgment : 1 September, 2004
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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50% of the annual turnover is attributed to
local sales.
*Export Markets*
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50% of the annual turnover is attributed to
export.
SC is not
known to have any subsidiary at present.]
PAYMENT RATING :3 OBTAINED SCORES :
52
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Rating
Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.
SC’s principals declined to release any financial information upon our interview for this credit investigation.
SC is considered an old-established business in small size. It is considered a credit line up to USD 3,000 would appear to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of precious metal
Trading 3961 Jewelry of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds, worked or not, not mounted or set
Trading 7102100000 Diamonds, unsorted
Trading 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or simply sawn or roughly shaped, not strung, mounted or set
Trading 7103910000 Rubies, sapphires and emeralds, otherwise worked
Trading 7116201000 Jewelry of precious or semiprecious stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service Description
INTERNATIONAL TRADE : ACTIVITY &
MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
Importing from Israel
Importing from Middle East
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 |