MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
RAJAB GEM CORP |
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Registered Office : |
Flat F 13FL |
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Country : |
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Date of Incorporation : |
August.16, 1973 |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
Trading precious & semi-precious stones and other
related products. |
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 : |
Regular |
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Litigation : |
Clear |
name & address
RAJAB GEM CORP
FLAT F 13FL
TEL : [+852] 31197291
FAX : [+852] 23665744
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST.16, 1973
CHIEF EXECUTIVE :
MR. M. N. SEYED MOHAMED SALIHU (COMPANY DIRECTOR)
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 :
AVERAGE
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
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 :
03937206-000
Date issued
: 16 August, 1973
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Other mobile no : 60821073
*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.
Website : www.geocities.com/rajabgems The design is professional and the content is well organized.
At present it is in English version.
Email : salihurakin@netvigator.com
For the past 34 years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Mr. S. M. Seyed Ahamed Salihu
Mr. M. N. Seyed Mohamed Salihu
Mr. S. M. Seyed Ahamed Salihu
Management : Mr. M. N. Seyed Mohamed Salihu, Partner
Mr. S. M. Seyed Ahamed Salihu, Partner
Name
Nationality Job
Description
Mr. M. N. Seyed Mohamed Salihu Indian Partner
Mr. S. M. Seyed Ahamed Salihu Indian Partner
*Key Personnel*
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(1)
Mr. S. M. Seyed Ahamed Salihu
HK ID no
: P4829135
Address : Flat F 13Fl
Date of appointment :
1 June, 2006
Relationship
: Son of Mr. S. M. Seyed Ahamed Salihu
(2)
Mr. M. N. Seyed Mohamed Salihu
HK ID no
: P7712859
Address
: Flat F 13Fl
Date of appointment :
1 June, 2006
Relationship
: Son of Mr. S. M. Seyed Ahamed Salihu
(3)
Mr. S. M. Seyed Ahamed Salihu
Founder
: Co-founder
HK ID no
: XE4490876
Address
: 7Fl,
Civil status
: Married
*Main Products & Services*
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Specializes in trading precious & semi-precious stones
and other related products.
Products : Beads
Bracelets
Brooches
Costume fashion jewelry
Earrings
*Payment Terms*
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Sales
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Local : Cash or
credit
Export : Deposit (50%), balance before shipment
Basis of international
transactions:
Free on
Board (FOB)
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 : 3 OBTAINED SCORES : 50
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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 partnership 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 long operating history.
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
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7103 Precious semipro stones, not strung etc
Trading 7103104000 Other precious and semiprecious stones, unworked, simply sawn,
shaped
Trading 7103991000 Gemstones, cut but not set suitable for use in jewelry
Trading 7113202900 Necklaces and neck chains of base metal clad with gold
Trading 7116 Articles of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry of precious or semiprecious stones
Trading 7117 Imitation jewelry
Trading 8308903000 Beads and spangles of base metal
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Rings
Trader Imitation
jewelry
Trader Bracelets
Trader Gemstones
Trader Plastic
beads
Trader Costume
fashion jewelry
Trader Beads
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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%)