MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
PURITY CO |
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Registered Office : |
7FL Ocean View Court - Rear Portion 33 Mody Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
JUNE 23, 2004 |
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Com. Reg. No.: |
34676023 |
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Legal Form : |
Partnership |
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Line of Business : |
Importing and exporting of various range of jewelry. |
RATING &
COMMENTS
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MIRAs 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 : |
Usually correct |
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Litigation : |
Clear |
name & address
PURITY CO
7FL OCEAN VIEW COURT - REAR PORTION 33 MODY RD TSIMSHATSUI
KOWLOON, HONG KONG
TEL : 852 23684938
FAX : 852 23684939
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 23, 2004
REGISTRATION NO. :
34676023
CHIEF EXECUTIVE :
MR. DEEPAK JAIN (PARTNER)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
TRADING OF JEWELRY
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81675 = US$1 AS OF 2007-04-04
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 : 34676023
Date issued : 23 June,
2004
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Website : www.tdctrade.com/purity The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail : purity@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Mr. Rajesh Golchha
Mr. Deepak Jain
Mr. Sandeep Mehta
*Company Directors*
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Based on corporate filing regulations for this type of entity in Hong
Kong, there is no requirement for Directors.
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Deepak Jain Hong
Kong Partner -
Mr. Rajesh Golchha Hong Kong Partner -
Mr. Sandeep Mehta Hong Kong Partner -
*Key Personnel*
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Mr. Deepak Jain
Founder :
Co-Founder
HKID :
ZZ6994945
Address :
7Fl Ocean View Court - Rear Portion 33 Mody Rd Tsimshatsui Kowloon Hong Kong
Mr. Sandeep Mehta
Founder :
Co-Founder
HKID :
ZZ6994953
Address : 7Fl
Ocean View Court - Rear Portion 33 Mody Rd Tsimshatsui Kowloon Hong Kong
Mr. Rajesh Golchha
HKID :
ZZ521234A
Address :
7Fl Ocean View Court - Rear Portion 33 Mody Rd Tsimshatsui Kowloon Hong Kong
Date of appointment : 1
October, 2005
*Main Products & Services*
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Specializes in importing and exporting of various range of jewelry.
Products include the following :
- Diamonds in pear-cut, round-cut in full and single in 2 and star and
F
Products : Diamonds
Fine
jewelry
Imitation
jewelry
Jewelry
Loose
diamonds
*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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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export worldwide.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 45
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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.
*Financials*
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As a partnership firm, no official financial statement is required to be
publicly disclosed.
*Bank Details*
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Bank Name : HSBC PRIVATE BANK (SUISSE) SA
Branch :
Central, Hong Kong
Branch Address : Level 13 & 14 HSBC Main Bldg 1 Queen's Rd Central
Hong Kong (Head Office)
SWIFT Code : BLICHKHK
SC was established recently in a small size.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102290000 Industrial
diamonds, worked
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7117 Imitation
jewelry
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
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 SCs 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%)