MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
COSMOPOLITAN GEMS |
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Registered Office : |
Flat/RM E 16FL |
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Country : |
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Date of Incorporation : |
01.07.1996 |
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Com. Reg. No.: |
20027177-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers and Distributors of jewelry and precious stones. |
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 : |
Usually Correct |
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Litigation : |
Clear |
Name & address
COSMOPOLITAN GEMS
FLAT/RM E 16FL STAR MANSION 3-5
TEL: [+852] 23669651
FAX: [+852] 27397005
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 1, 1996
REGISTRATION NO :
20027177-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MRS. RAJ SHREE PARWAL (CHAIRMAN)
STAFF STRENGTH :
2
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
EXCHANGE RATE :
HKD 7.82873 = USD1 AS OF 2007-8-6
*Company Registration*
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License number :
20027177-000
Date issued
: 1 July, 1996
Issuing authority
: Business Registration Office - Inland Revenue Dept
Legal form
: Individual Business
*Corporate & Organization Structure*
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A family-owned and operated business.
*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.
SC is not known to host website of its own at present
E-mail: balajidi@net.bigapor.com
For the past 11 years there is no record of litigation.
Based on corporate filing regulations for this type of
entity in
*Director's Details*
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Prem Kumar Parwal
Relationship: Husband of Mrs. Raj Shree Parwal
*Key Personnel*
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Raj Shree Parwal
Founder
: Sole founder
Identification no :
K6975763
Address
: Flat/Rm E 16Fl
Responsibilities :
Handles the overall management of the firm
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of jewelry and precious stones.
2. Distribution of products to local and overseas
markets.
Products : Diamonds
Jewelry
Precious diamond stones
Precious stones
*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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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 : 45
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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 an individual business there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line locally.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7116 Articles of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to Asia
Exporting to
Exporting to
Exporting to
Exporting to North America
Exporting to
Exporting to
Exporting to
Importing from Asia
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 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%)