MIRA
INFORM REPORT
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Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
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Name : |
GEM DIAM |
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Registered Office : |
Rm 703, 7FL Taurus Bldg 21a-21b |
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Country : |
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Date of Incorporation : |
December 15, 2003 |
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Com. Reg. No.: |
34140599-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importing wide range of diamonds and jewelry. Sales and distribution to local and export 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 : |
No Complaints |
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Litigation : |
Clear |
name &
address
GEM DIAM
RM 703, 7FL TAURUS BLDG
TEL : [+852] 27238220
FAX : [+852] 27238220
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 15, 2003
REGISTRATION NO. :
34140599-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. LAXMAN DATTARAM DALAVI (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 :
AVERAGE
EXCHANGE RATE :
HKD 7.79957 = USD1
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 :
34140599-000
Date issued
: 15 December, 2003
Issuing authority :
Business Registration Office - Inland Revenue Dept
Legal form
: Sole Proprietorship
Type of license : Business license
*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 4 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Laxman Dattaram Dalavi
Founder
: Sole founder
National ID no.
: ZZ5231352
Address
: Anjani Khed, Ratnagiri,
Maharashtra
Date of appointment
: 4 July, 2006
Responsibility
: Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing wide range of diamonds and jewelry.
2. Sales and distribution to local and export markets.
Products : Diamonds
Jewelry
Precious metal
Precious
stones
Watches
*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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Majority of the annual turnover is attributed to local
sales.
*Export Markets*
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Small percentage 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 sole proprietorship company there is no legal
requirement according to local corporate law for public disclosure of detailed
financials.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading
3873 Watches,
clocks, clockwork operated devices, and parts
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 7113205000 Jewelry of base metal clad with precious metal
Trading 7116201000 Jewelry of precious or semiprecious stones
Trading 7116205000 Articles of precious or semiprecious or synthetic stones
Trading 9100 Clocks & watches & parts thereof
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
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%)