MIRA
INFORM REPORT
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Report Date : |
24th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
JEWELS
HOUSE |
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Registered Office : |
Flat A, 6/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 : |
15.04.1988 |
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Com. Reg. No.: |
11745398 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in trading of fine jewellery. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
JEWELS HOUSE
FLAT A, 6/F, CAMERON PLAZA,23-25A, CAMERON ROAD,
TSIMSHATSUI, KOWLOON, HONG KONG
TEL : 852 23695510
FAX : 852 23120862
EXECUTIVE SUMMARY
INCORPORATION DATE :
15-4-1988
REGISTRATION NO. :
11745398
REGISTERED LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : RAWAT RAM KISHAN (PARTNER)
STAFF STRENGTH : 3
AUTHORIZED
CAPITAL : [IN HK, UNLIMITED
COMPANIES ARE NOT REQUIRED TO FILE ITS
CAPITAL PARTICULARS TO BR OFFICE (THE
INLAND REVENUE)]
PAID-UP
CAPITAL : NOT
APPLICABLE
BUSINESS LINE :
TRADING OF FINE JEWELLERY
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 7.78079 = USD1 AS OF 2006-11-24
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 11745398 on 15-4-1988 with present status as partnership.
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
Rawat Ram Kishan / K879758 539
Krishna Bhavan M.R. KA RA51.4
Jaipur,
India.
Rawat Ravi / P3871995 Flat 8, Star
Mansion, 3-5 Minden
Row,
Tsimshatsui, Kowloon, HK.
Certain material change or amendment regarding SC
within the last 4 years has been traced & noted as follows:
Change of business address : SC moved to the
heading business address from Flat 8, 11/F, Star Mansion, 3-5 Minden Row,
Tsimshatsui, Kowloon, HK in Aug. 2004.
Total number of
employees : 3.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,200 square feet at a commercial &
residential building in a commercial & shopping district.
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
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.
Rawat Ram Kishan, partner & main founder:
- He is by Indian nationality
- Embarked upon his career to present field as a
junior salesman in his early 20's
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: As stated above.
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
Rawat Ravi, partner:
- Embarked upon his career to present field in his
20's
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: As stated above.
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 : 58 (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 fine jewellery.
Items available include full cut & single cut
diamonds, emeralds, ruby, sapphire, gem-stone beads, precious and semi-precious
gemstones (eg. Tanzanite, Alexandrite, Aquamarine, Citrine, Paridot, Opal,
Turquoise, Lapis, etc.)
Principal purchases :
Major types of sourcing :
Precious & semi-precious stones
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India
Buying terms :
L/C, T/T & open account of 60-90 days
Principal market :
Local--type of customers :
Jewellery manufacturers
Selling terms :
COD, credit of 60-90 days & local L/C
Overseas--buying countries :
Thailand, USA & Europe
Selling terms :
L/C, T/T & open account of 60-90 days
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 operation, SC is not an active seeker of local commercial credit.
Its expenses in the form of accruals and servicing are reportedly met in a
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:
HSBC.
During
our report preparation, the principals could not be contacted while the staff
members hesitated to release financial information without the principals'
consent.
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 a normally advancing
concern with steady customers and good base to meet its trade engagements. Credit in the range of moderate amount can
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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