MIRA
INFORM REPORT
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Report Date : |
21st
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
PRISTINE TRADERS |
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Registered Office : |
Flat 13a, 13fl Oceanview Court 21-23 Chatham Rd Tsimshatsui Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 7, 2005 |
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Com. Reg. No.: |
35701570 |
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Legal Form : |
Sole Proprietor |
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Line of Business : |
Trading
jewelry and diamonds |
RATING & COMMENTS
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MIRAs Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NAME & ADDRESS
PRISTINE TRADERS
FLAT 13A, 13FL
OCEANVIEW COURT 21-23 CHATHAM RD
TSIMSHATSUI KOWLOON,
HONG KONG.
TEL: 852-23669269
FAX: 852-27242912
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 7, 2005
REGISTRATION NO. : 35701570
LEGAL FORM : SOLE PROPRIETOR
CHIEF EXECUTIVE : MR. KRUNAL JAGATKUMAR SHAH
(CHAIRMAN)
STAFF STRENGTH : 4
CAPITAL : US$ 12,887
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31, 2004)
EQUITIES : N/A (AS OF DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.75310 = US$1 AS OF 2006-04-29
*Company Registration*
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License number : 35701570
Date issued : 7 June, 2005
Issuing authority : Business Registration Office
Type of license : Business
*Corporate & Organization Structure*
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A small sized company mainly 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.
SC is not known to host website of its own at present
For the past two years there is no record of litigation.
*Major Shareholders*
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Under the Hong Kong corporate law, there is no existing "shareholder" in a sole proprietorship.
Management : Mr. Krunal Jagatkumar Shah, General Manager
*Key Personnel*
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Mr. Krunal Jagatkumar Shah
Founder : Sole Founder
National ID No : ZZ4202197
Resident status : Hong Kong
Address : Flat 13A, 13Fl, Ocean View Court, 21-23 Chatham Rd, Tsimshatsui, Kowloon
Work experience : More than 5 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 jewelry and diamonds.
Products: Diamonds
Jewelry
*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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90% of the annual turnover is attributed to local sales.
*Export Markets*
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10% of the annual turnover is attributed to exports.
SC is not
known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
35
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Implication |
Implications |
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1 |
Scores 85100 |
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.
As a sole proprietorship company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a short history. Credit dealings with SC should be confined into small amount at present.
Attached: trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service
Description
Trading 3911 Jewelry, of precious metal
Trading 3915 Jeweler's findings and materials, and lapidary work
Trading 3961 Jewelry of materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service
Description
Trading 7102 Diamonds, worked or not, not mounted or set
Trading 7102100000 Diamonds, unsorted
Trading 7113 Articles of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry and parts thereof, of silver
Trading 7113200000 Jewelry and parts, base metal clad w precious metal
INTERNATIONAL TRADE: ACTIVITY &
MARKETS
Exporting to Asia
Exporting to Thailand
Exporting to Vietnam
Importing from Asia
Importing from India
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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