MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
NAYOSHA GEMS |
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Registered Office : |
Rm 5, 10FL Hai Phong Mansion, 101 Nathan Rd, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
SEPTEMBER 21, 1988 |
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Com. Reg. No.: |
12153843-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of unpolished gemstones and raw materials. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
NAYOSHA GEMS
RM 5, 10FL HAI PHONG MANSION, 101 NATHAN RD, TSIMSHATSUI
,KOWLOON,
HONG KONG.
TEL : [+852] 27230806
FAX : [+852] 27214686
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 21, 1988
REGISTRATION NO. :
12153843-000
REGISTERED LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE : MR. BHAVIK VASANTKUMAR
JETHVA (CHAIRMAN)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL
: N/A
PAID-UP CAPITAL : N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NORMAL
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81608 = USD1 AS OF 2007-4-5
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
*Company Registration*
===================
License number :
12153843-000
Date issued
: 21 September, 1988
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
==========
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
Email : nayosha@nwtbb.com
For the past 19 years there is no record of litigation.
Based on corporate filing regulations for this type of entity
in Hong Kong, there is either, no requirement for Shareholders or no
requirement for public disclosure of Shareholders.
*Key Personnel*
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Bhavik Vasantkumar Jethva
HKID no
: R240678A
Mobile : 97730725
Address
: Rm 5, 10Fl Hai Phong Mansion 101 Nathan Rd Tsimshatsui Kowloon, Hong
Kong
Responsibility
: Handles the overall management of the company.
Date of appointment
: 25 January, 2005
As a sole proprietorship there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*Main Products & Services*
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Specializes in trading of unpolished gemstones and raw
materials.
Products : Gemstone raw materials
Unpolished gemstones
*Payment Terms*
=============
Sales
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Local : Cash or
Credit
Purchases
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Local : Cash or
Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
Over the past 19 years, SC has made a stable growth with satisfactory profit.
Credit dealings with SC in moderate amount appear to
be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading
3281 Cut stone and stone products
Trading
3295 Minerals and
earths, ground or otherwise treated
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading
6815 Articles
of stone or other mineral substance
Trading
7103995000 Gemstones otherwise worked not suitable
for use in jewelry
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)