MIRA
INFORM REPORT
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Report Date : |
4th November 2006 |
IDENTIFICATION
DETAILS
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Name : |
MOHIT GEMS |
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Registered Office : |
Rm M, 9/F, Blk B, Golden Glory
Mansion, 16 Carnavon Road, Tst, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
13-6-1997 |
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Com. Reg. No.: |
21011682 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in import & export of
diamond. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 & address
MOHIT GEMS
RM M, 9/F, BLK B, GOLDEN GLORY MANSION,
16 CARNAVON ROAD, TST, KOWLOON, HONG KONG.
TEL: 852 93470447 (MOBILE NO.) / 23670499 (OFFICE NO.)
FAX: 852 23671499
EXECUTIVE SUMMARY
INCORPORATION DATE : 13-6-1997
REGISTRATION NO. : 21011682
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : PATEL MAHESHKUMAR ZAVER BHAI
(SOLE
PROPRIETOR)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL : [IN HONG KONG, UNLIMITED COS. ARE NOT REQUIRED
TO FILE ITS CAPITAL PARTICULARS TO BR OFFICE
(THE
INLAND REVENUE)]
PAID-UP CAPITAL :
NOT APPLICABLE
BUSINESS LINE : IMPORT & EXPORT OF DIAMOND
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77554 = USD1 AS OF 2006-08-22
The correct address of SC is the
heading one instead of the address given by you. Your given address is a post
office no. in Tsimshatsui post office.
SC was established under Business
Registration number 21011682 on 13-6-1997 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
- Patel Maheshkumar Zaver Bhai Unit E, 11/F, Union
Mansion,
/ Q320002 33-35
Chatham Road,
TST, Kowloon, HONG KONG.
Change in principal(s):
Name(s) of admitted partner(s) Joining
date
Nil Nil
Name(s) of retired partner(s) Leaving
date
Rajubhai Vallabhbhai 1-7-2003
Change of business address : SC moved
to the heading business address from Blk 1, 17/F, Star Mansion, 3-5 Minden
Ave., TST, Kowloon, HONG KONG in Feb 2004.
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 HONG KONG, unlimited
companies are not required to file its charge particulars for public inspection.
Patel Maheshkumar Zaver Bhai, sole
proprietor:
- In his 40's
- He is by Indian nationality
Upon a current contact, Patel
Maheshkumar Zaver Bhai disclosed that he is currently residing in India and
will come back to Hong Kong in mid Sept 2006.
Registered residential address: As
stated above.
Property ownership: Current land search
indicates the said premises ownership as follows:
- Owner(s) : Wong Pik Yee
- Date of purchase & consideration
: 30-9-1999 / HKD2,618,000
- Date of mortgage & secured amount
: NA
- Mortgagee : NA
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 : 55 (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 import & export of
diamond.
Items available include ruby, sapphire,
black diamond, emarald, jadelite, citrine, topaz, garnet & opal.
Principal purchases :
Major types of sourcing : Diamond
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : India, Belgium & USA
Buying terms : L/C & T/T
Principal market :
Local--type of customers : Nil
Selling terms : Nil
Overseas--buying countries : PR China
Selling terms : L/C & T/T
Total number of employees : 2.
Location :
Maintaining its office at the heading business address which occupies a gross
area of 600 square feet at a commercial & residential building in a
residential district.
Condition inside the premises during
our visit : Normal.
Office/factory layout : Standard.
The premises is rented.
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 : Owing to the nature of its
business, SC is not an active seeker of local commerical credit since
merchandise/materials are imported. Its expenses in the form of accruals and
servicing are reportedly met in prompt manner.
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:
- Bank of India
- Bank of China (HONG KONG) Ltd.
Upon a current contact, Patel Maheshkumar Zaver Bhai, SC's sole
proprietor, declined forwarding any financial information on the ground that it
is the company's policy not releasing any data to a third party without the
benefit of knowing the identity of the inquiring party.
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 |
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NR |
In view of the lack of
information, we have no basis upon which to recommend credit dealings |
No Rating |
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