MIRA
INFORM REPORT
|
Report Date : |
23.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GOLD STAR JEWELLERY |
|
|
|
|
Registered Office : |
4FL Prat Mansion - Block A2, 23-36 Prat Ave, Tsimshatsui
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
October 13, 2004 |
|
|
|
|
Com. Reg. No.: |
34986470 |
|
|
|
|
Legal Form : |
Sole - Proprietorship |
|
|
|
|
Line of Business : |
Import of diamond, jewelry, watches, precious stones and metals. Sales and distribution to local market. |
RATING &
COMMENTS
|
MIRA’s 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/normal. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name &
address
GOLD STAR JEWELLERY
4FL PRAT MANSION - BLOCK A2, 23-36 PRAT AVE
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : N/A
FAX : 852-28831527
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 13, 2004
REGISTRATION NO. :
34986470
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. PARESHKUMAR K. DIYORA (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 :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82896 = US$1
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*
===================
License number : 34986470
Date issued : 13
October, 2004
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form : Sole
Proprietorship
*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 two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
Management: Mr. Mansukh
Budheliya, CEO
Mr. Manishkumar S. Patel, Managing Director
Name Nationality
Job Description
Mr. Mansukh Budheliya Indian
CEO
Mr. Manishkumar S. Patel Indian
Managing Director
*Key Personnel*
=============
Pareshkumar K. Diyora
Founder : Sole
founder
HKID no. :
ZZ484413A
Address : Flat
6B Luxury Court Hau Fook St Tsimshatsui Kowloon Hong Kong
Mobile no. :
64787378
Responsibility :
Handles the overall management of the firm.
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Import of diamond, jewelry, watches, precious stones and metals.
2. Sales and distribution to local market.
Products: Diamond
Diamond rings
Jewelry
Precious
metals
Precious
stones
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Purchases
---------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*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 : 46
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
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 sole proprietorship 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 an acceptable base.
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 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7113205000 Jewelry of base metal clad with precious metal
Importing 7116201000 Jewelry of precious or semiprecious stones
Importing 9101 Watches,
wrist, pocket etc, prec metal or clad case
Trading 7102 Diamonds,
worked or not, not mounted or set
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 9101 Watches,
wrist, pocket etc, prec metal or clad case
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Precious
stones
Trader Diamond
Trader Jewelry
Trader Watches
Trader Precious
stones
Trader Precious
metals
Trader Diamond
rings
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from Asia
Importing from India
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/normal. |
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 SC’s 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%)