MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
J K GEMS |
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Registered Office : |
Rm 803, |
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Country : |
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Date of Incorporation : |
September.9, 1970 |
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Com. Reg. No.: |
03066340-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading wide range of jewelry and precious stones. |
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
J K GEMS
RM 803, 8FL HARBOUR CENTRE - TOWER 2,
TEL: [+852] 23763436
FAX: [+852]
23763693
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER.9, 1970
REGISTRATION NO. :
03066340-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. JAYANTKUMAR K. JHAVERI (CHAIRMAN)
STAFF STRENGTH :
5
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 : N/A
EXCHANGE RATE :
HKD 7.82875 = USD1 AS OF 2007-08-07
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 :
03066340-000
Date issued :
9 September, 1970
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
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Unable to locate any points of reference within the industry
due to the relatively small nature of the company.
Email : zaveri@netvigator.com
SC is not known to host website of its own at present.
For the past 37 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Mr. Jayantkumar K. Jhaveri
National ID no
: XE5095709
Address
: Rm 8B 8Fl Bo Yip Bldg 6 Ashley Rd Tsim Sha Tsui New Territories
Responsibility : Handles the overall management of the
company.
Date of appointment :
9 September, 1970
*Main Products & Services*
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Specializes in trading wide range of jewelry and precious
stones.
Products : Diamonds
Fashion jewelry
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
worldwide.
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
depending on individual judgement experience.
As a sole proprietorship there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
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
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 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7113190000 Jewelry and parts thereof, of precious metal other than silver
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
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%)