MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
PRISTINE TRADERS |
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Registered Office : |
Flat 13A, |
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Country : |
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Date of Incorporation : |
07.06.2005 |
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Com. Reg. No.: |
35701570 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Import of jewelry and diamonds. Sales and distribution to local and overseas markets |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
PRISTINE TRADERS
FLAT 13A, 13FL
TEL: [+852] 23669269
FAX: [+852] 27242912
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 7, 2005
REGISTRATION NO. :
35701570
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. KRUNAL JAGATKUMAR SHAH (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 12,870
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81329 = USD1 AS OF 2007-08-17
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD Hong Kong
Dollars
*Company Registration*
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License number : 35701570
Date issued
: 7 June, 2005
Issuing authority : Business Registration Office
Type of license : Business
Legal form
: Sole Proprietorship
*Corporate & Organization Structure*
===========================
A small sized company mainly operated and managed by the
owner.
*Reputation*
==========
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.
For the past 2 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in
*Main Products & Services*
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Specializes in the following areas of work :
1. Import of jewelry and diamonds.
2. Sales and distribution to local and overseas
markets.
Management : Mr. Krunal Jagatkumar Shah, General Manager
Name
Nationality Job Description
Mr. Krunal Jagatkumar Shah Indian General Manager
*Key Personnel*
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Krunal Jagatkumar Shah
Founder
: Sole founder
HKID No : ZZ4202197
Work experience : More than 5 years
Responsibilities
: Handles the daily operation
of the firm including all financials and legal matters.
Address
: Flat 13A,
Products :
Diamonds
Jewelry
*Payment Terms*
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Sales
Local : Cash or
Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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90% of the annual turnover is attributed to local
sales.
*Export Markets*
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10% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING :4 OBTAINED SCORES : 35
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Rating Key |
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 sole proprietorship company 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. With regard to its size
of operation and limited growth potential, credit should be confined to small
amount at present.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3911 Jewelry, of precious metal
Importing 3961 Jewelry of materials other than solid
gold, platinum & silver
Importing 5094
Jewelry/Watches/Precious Mtl
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
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7102100000
Diamonds, unsorted
Importing 7113
Articles of jewelry & parts,
of precious metal or clad
Importing 7113110000
Jewelry and parts thereof, of silver
Importing 7113200000
Jewelry and parts, base metal clad w
precious metal
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7113110000
Jewelry and parts thereof, of silver
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
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. |
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%)