MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
EMERALD COLLECTIONS |
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Registered Office : |
Rm B2, 11fl |
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Country : |
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Date of Incorporation : |
November.20, 1997 |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
Registered to engage in trading precious and semi-precious
stones. |
RATING &
COMMENTS
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MIRAs Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
name & address
EMERALD COLLECTIONS
RM B2, 11FL
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER.20, 1997
CHIEF EXECUTIVE :
MR. NITIN DUSAD (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
HKD 7.82873 = USD1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
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License number :
21378858-000
Date issued
: 20 November, 1997
Issuing authority
: Business Registration Office - Inland Revenue Dept
Type of license
: Business
SC
is not known to host website of its own at present
For the past 10 years there is no record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Nitin Dusad
Founder
: Sole Founder
National ID number
: R1904530
Address
: Rm B 12Fl Star Mans
Date of appointment
: 20 November, 1997
*Operations Status*
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No telephone listing could be found for the company. It is
therefore not possible to contact the company directly to obtain further information.
The nature and extent of the company's operations could not be determined and
it could not be confirmed whether the company operates from the Registered
Office address or in another location.
BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN
POSSIBLE TO PREPARE A
*Main Products & Services*
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Registered to engage in trading precious and semi-precious
stones.
Products : Emeralds
Precious stones
Semi
precious stones
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
As a sole proprietorship there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
No telephone listing could be found for the company, we are unable to
ascertain and verify the business operations of SC. Great caution is required in providing credit to SC.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
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 7103 Precious & semiprec stones, not strung etc
Trading 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or
simply sawn or
roughly shaped, not strung, mounted
or set
Trading 7116201000 Jewelry of precious or semiprecious stones
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%)