MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ARIHANT GEMS |
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Registered Office : |
Rm 14-B 14FL Kok Pah Mansion |
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Country : |
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Date of Incorporation : |
November 17, 2003 |
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Com. Reg. No.: |
34068177-000 |
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Legal Form : |
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Line of Business : |
Trading of jewelry and gemstones which are manufactured by its factory
located in Selling both to local and international markets. |
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 : |
Slow but correct |
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Litigation : |
Clear |
name &
address
ARIHANT GEMS
RM 14-B 14FL KOK PAH MANSION 58-60 CAMERON RD
TSIMSHATSUI
TEL : 852 23685647
FAX : 852 23685646
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 17, 2003
REGISTRATION NO. :
34068177-000
CHIEF EXECUTIVE :
MR. DHARMENDRA KUMAR LUNAWAT (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.82795 = US$1 AS OF 2007-8-3
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
Note: the correct name should be the heading one instead of the given one-Arihant Guns.
*Company Registration*
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License number : 34068177-000
Date issued : 17
November, 2003
Issuing authority : Business
Registration Office - Inland Revenue Dept
*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.
E-mail : arihant@netvigator.com
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Shareholders*
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Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Mr. Dharmendra Kumar Lunawat
Founder : Sole Founder
HKID number : R3689378
Address : Flat 14-B Kok
Pah Mansion
Mobile no : 94909745
Responsibility : Handles the overall management of the company.
Date of Appointment : 17 Nov, 2003
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading of jewelry and gemstones which are manufactured by its
factory located in
2. Selling both to local and international markets.
Products : Cut blue sapphires
Diamond
Emeralds
Gems
Pink sapphire
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 46
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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 firm 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 4 years history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts
Trading 3911 Jewelry,
of precious metal
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 7103 Precious
& semiprec stones, not strung etc
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, un-worked or simply sawn or
roughly
shaped, not strung, mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7103910030 Emeralds
cut but not set for jewelry
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7103995000 Gemstones
otherwise worked not suitable for use in jewelry
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7113205000 Jewelry
of base metal clad with precious metal
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Emeralds
Trader Sapphires
Trader Gems
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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%)