MIRA
INFORM REPORT
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Report Date : |
29.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
VIDHI GEMS |
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Registered Office : |
705 Hart Ave Plaza 5-9 Hart Ave Tsimshatsui Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.05.2000 |
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Com. Reg. No.: |
30929159-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading of Giftware, Toys, Kitchenware and other related
products |
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 Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
VIDHI GEMS
705 HART AVE PLAZA 5-9 HART AVE TSIMSHATSUI KOWLOON, HONG KONG.
TEL: [+852] 27245544
FAX: [+852] 27235544
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 17, 2000
REGISTRATION NO. :
30929159-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SANDHYA SUKHLECHA (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 7.78905 = USD1
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
*Reputation*
==========
Unable to locate any points of reference within the industry
due to the relatively small nature of the company
SC is not known to host website of its own at present.
Email : vidhigems@msn.com
For the past 7 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.
*Key Personnel*
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Sandhya Sukhlecha
National ID no
: P5841996
Address : Flat
A4, 7Fl Carnarvon Mansion 10 Carnarvon Rd Tsimshatsui Kowloon Hong Kong
Responsibility
: Handles the overall management
of the company.
Date of appointment
: 17 May, 2000
*Main Products & Services*
====================
Specializes in trading wide range of giftware, toys, kitchenware
and other related products.
Products :
Baby items
Baby toys
Bathroom accessories
Battery-operated toys
Bedroom accessories
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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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 3 OBTAINED SCORES : 50
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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 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 a development
history of 7 years. Credit dealings with SC in small amount appear acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 3263
Whiteware table & kitchen goods
Trading 3469
Cooking and kitchenware of aluminum
(except cast)
Trading 3648
Lighting equipment, (including
commercial)
Trading 3873
Watches, clocks, clockwork operated
devices, and parts
Trading 3911
Jewelry, of precious metal
Trading 3914
Silverware, plated ware, and stainless
steel ware
Trading 3944
Games, toys, and children's vehicles,
except dolls and bicycles
Trading 3999
Manufactured articles
Trading 5021
Furniture
Trading 5023
Homefurnishings
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 4817
Envelopes, postcards etc
& boxes etc of stationery
Trading 4820900000
Blotting pads, book covers
(including cover board and book jackets) and articles of stationery, of paper
or paperboard
Trading 6113
Garments, knit etc, coated
etc rubber, plastic etc
Trading 6114
Garments, knitted or
crocheted
Trading 7113
Articles of jewelry & parts,
of precious metal or clad
Trading 7113110000
Jewelry and parts thereof, of silver
Trading 7114116000
Silver articles for household,
kitchen; toilet a sanitary wares
Trading 7323930030
Cooking ware of stainless steel, and
parts thereof
Trading 7323930060
Kitchen ware of stainless steel, and
parts
Trading 7324900000
Other sanitary ware and parts, of
iron or steel (not baths, not sinks or wash basins of stainless steel)
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Educational game
Trader Electronic toys
Trader Electronic games
Trader General gifts
Trader Giftware
Trader Handicrafts
Trader Lighters
Trader Stationery
Trader Watch and clock
Trader Bathroom accessories
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%)