MIRA
INFORM REPORT
|
Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
Flat B, 12FL Alpha House |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
November 17, 1993 |
|
|
|
|
Com. Reg. No.: |
17552882-000 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Trading diamonds. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name &
address
FLAT B, 12FL ALPHA HOUSE 27-33 NATHAN RD
TSIMSHATSUI,
TEL: 852-23685997
FAX: 852-27239408
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 17, 1993
REGISTRATION NO. :
17552882-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
4
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81496 = US$1 AS OF 2007-8-17
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*
===================
License number : 17552882-000
Date issued : 17 November,
1993
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Corporate & Organization Structure*
===========================
A family owned and operated business.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: kunmingt@biznetvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Partners' Name
--------------------
Ajay Maheshwari
Deepa Maheshwari
Name Nationality
Job Description
Mr. Ajay Maheshwari Indian
Partner
Ms. Deepa Maheshwari Indian
Partner
Management: Mr. Ajay Maheshwari,
Partner
Ms. Deepa Maheshwari, Partner
*Main Products & Services*
=====================
Specializes in trading diamonds.
Products : Diamonds
*Payment Terms*
==============
Sales
-------
Local : Cash or credit
Purchases
--------------
Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
===================
Exhibition fair : Hongkong
International Jewellery Show 2000
Date attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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 firm there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Bank Details*
===========
Bank Name : NANYANG COMMERCIAL BANK LTD
Branch : Central,
Branch Address : Ground Fl Nanyang Commercial Bank Bldg
SWIFT Code : NYCBHKHH
SC is considered small-sized in its
line with an acceptable base.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut
stone and stone products
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116204050 Articles
of precious or semiprecious stones, not jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)