MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
T.N.K. GEMS |
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Registered Office : |
Flat F, 15/F, Cameron Plaza, 23-25a Cameron Road, Tsimshatsui, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.05.1993 |
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Com. Reg. No.: |
16847397 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Supply of diamonds & precious stones. |
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
T.N.K. GEMS
ADDRESS
FLAT F, 15/F, CAMERON PLAZA, 23-25A CAMERON ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
TEL : 852 23147585
FAX : 852 27237585
EXECUTIVE SUMMARY
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INCORPORATION DATE |
28-5-1993 |
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REGISTRATION NO. |
16847397 |
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REGISTERED LEGAL FORM |
SOLE
PROPRIETORSHIP |
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CHIEF EXECUTIVE |
SHAH
KUNTAL DEEPAK (SOLE PROPRIETOR) |
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STAFF STRENGTH |
3 |
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AUTHORIZED
CAPITAL |
[IN HK,
UNLIMITED COMPANIES ARE NOT REQUIRED TO FILE ITS CAPITAL PARTICULARS TO BR
OFFICE (THE INLAND REVENUE)] |
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PAID-UP
CAPITAL |
NOT
APPLICABLE |
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BUSINESS LINE |
IMPORT
& SUPPLY OF DIAMOND & PRECIOUS STONES |
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TURNOVER |
N/A (AS OF DEC. 31, 2004) |
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EQUITIES |
N/A (AS OF DEC. 31, 2004) |
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PAYMENT |
AVERAGE |
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RECOMM. CREDIT RANGE |
MODERATE AMOUNT |
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MARKET CONDITION |
COMPETITIVE |
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FINANCIAL CONDITION |
STABLE |
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OPERATIONAL TREND |
FAIRLY STEADY |
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GENERAL REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD 7.75289 = USD1 AS OF 2005-11-01 |
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 16847397 on 28-5-1993 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
- Shah Kuntal Deepak / P5442269 4/F,
36-38 Mody Road,
Tsimshatsui,
Kowloon,
HK.
Change of
business address : SC moved to the heading business address from Blk B, 2/F,
Garden Mansion, 154-156 Austin Road, Tsimshatsui, Kowloon, HK in July 2004.
Our
course of investigation revealed that the mail address of SC is PO Box 98085,
Tsimshatsui, Kowloon, HK.
Note: The correct address of SC should be the
heading one instead of address given by you.
Total number of employees : 3.
Location : Maintaining
its office at the heading business address which occupies a gross area of 600
square feet at a residential building in a residential district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
The
premises is rented.
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.
Shah
Kuntal Deepak, sole proprietor: In his
mid 40's & married. He is by Indian
nationality.
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 : 3 Obtained scores : 59 (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 supply of diamonds & precious stones.
Items
available include precious & semi-precious stones, pearl, ruby, diamond and
sapphire.
Principal
purchases
Major types of
sourcing :
Diamonds & precious stones
Local--type of
suppliers : Nil
Buying terms : Nil
Overseas--supplying
countries : SE Asia, India* & South
Africa
Buying terms : L/C
*
Tanvirkuma Diamonds Ltd. is the major supplier.
Principal
market
Local--type of
customers : Retailers &
counterparts
Selling terms :
Credit of 30 to 90 days
Overseas--buying
countries : PR China (mainly)
Selling terms : L/C
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.
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
-
Antwerpse Diamantbank N.V.
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.
SC is
considered small-sized in its line locally with acceptable base to meet its
normal dealings. Credit up to moderate
amount may be considered.
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 |